Show SMALL BONDHOLDERS IN BAD POSITION New York Sept Sept It I It was wa stated toda today loday at th time tl cHico oe of or Kuhn Loeb Loeh Co that lint tIme the reason rensol win why the British Brith Income tax of G 6 per cent ent had had been heen deducted from the September Interest payments on the Japanese 5 r per cent Is Js that thai the lie a ad 1 Interim certificates given for oJ the bonds bond 1 issued h by Parr's Parrs bank limited of London for which Kuhn Loeb Co tho Iho National CI City bank an and 1 the National Dank Bank of Commerce Commerce Com Coat merce acted merely a a et placing Parrs Parr's bank banle tho time bonds in this countr country lont deducted the tho British Income tf tax it I is IR said nI 1 front from rom all al th the tho interest t on these bonds In 01 order 1 1 to escape po possible liabilities lia ha- la- la fail to lo deduct If it thoy should hould fal th the Iho taxes from American rican bondholders bondholder American bondholders it I Is said ald can cnn receive a rotund refund of or 5 pet per c cent nt on ho The lle Income tax lax thus Ihus deducted det ctet by making proper propel application to lo Parrs Parr's bank bank him lim lm- lm Ite 1 London accompanied h by an af nf- made b by the thE British h consul lt Int Semi interest on poun pounds sterling I Is two pounds lOb lOe Five per cent of ot this I Is fid or about G 62 4 cents The f co cost t of an aIda affidavit would woul be greater than the tho last sum named so 10 that geater a holder of oC a single Ingle bond would have to cm stand a loss lop should ho ito make for tor the purpose of oC securing lt the refund Holders of oC large amounts s swi will tc bo be able to recover Cr the tax lax however how how- ever wi le less s th the cost of or affidavit |