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Show I! ' SHE BOARD HITS ! RETURN OF SHIELDS j TO SALT LAKE ! . SALT LAKE, March IS. The conference con-ference of the stae board of equalization equaliza-tion with the county commissioners . and the county assessor of Salt Lake i county on the question of whether money in the bank should be assessed as a solvent credit or as cash on hand was postponed yesterday because Dan S. Shields, attorney general of Utah, was out of the city. Arrangements i were made for holding the conferences immediately upon Mr. Shield's return, i ' The practice throughout the state on ! this question has varied somewhat, i and this year the state board fixed a rule, intended to be uniform in all I counties that money In the bank should be assessed as cash in hand. The i 1 county assessor asked for an opinion from the couny attorney, Richard Ij Hartley, and this was to the effect I that the weight of opinion was that money in the bank is a solvent credit. Mr. Shield's office has rendered an I opinion confirming this view. I The state board takes the view that P money in the bank has an intrinsic : Value and asks if money in the bank is a solvent credit, to whom should the intrinsic value be Assessed. The state law permits a. taxpayer to deduct his bills payable from solvent I w credits in ascertaining the value of his i w book accounts. If money in the bank L , is assessed as cash on hand, no such j deductions would be permitted. |