MEMORANDUM september From To M.A. G.M. 23, 1940 the Bar B Browning Baxter We have several questions in mind in connection with transaction whereby the parent company paid into the Company the Utah Idaho other securities, Central Railway to the receivership made on the bonds lst. Due loss be end. paid gain If so should we sell the other into the Bar B Company in order to partially offset this loss. U.1I.C. will and an Railway certain allowable bonds. securities to make a ord. Will any excess loss be deductible from the operating income of the Bar B Company. We would appreciate having you analyze this situation with the thought of making recommendations as to what should be done in order to get the greatest benefits taxwise. PA x, Pj ; +f] f WH |ol / ‘ a FH It Mi, Ags be Peehg ae agy Cnn, Oe RErege PT x Bae. et Ae p : ee CEG 7 - ~<a _L Ablow, = () a; gi woyfln.; po ~ eitomogy a i GE tah, MO, he ee, sal wey , Bey J : "¢ GE e Z KS Oatcve Cot atetg 4 ‘ (} “<| SH Ate Cs ie i POP waggith HR. Eee wag ppg a v€) ya oN at Sa ¢ ok fy a S 5 d db ee ft. | * ik ae, > oe ee ze oe yyor & A +B f £: ee &, ’ A a 3 ; at ¥ ue Fx ce F it e )) Let ; , Pn yp gga» , en: Me Yon, Sesto yooore ra TAO F ie é ont e & shia? e bg ae cm ORO st Ln P RE bak AP y Witenes F “ OF. eR Se oe