Taxation op United States Bonds.—The bonds of the United States, issued in pursuance of the Acts of Congress, are not subject to taxation.

Taxation op State Bonds.—Bonds of the State of California are personal property within the meaning of the term “ personal property ” as used in the Bevenue Act, and are subject to taxation.

Taxation op Bonds in this State owned by a Foreign Corporation.—The bonds of this State owned by a foreign insurance company doing business in this State, and deposited with a banker, in pursuance of the Acttl to tax and regulate foreign insurance companies doing business in this State,” and under the control of an agent of the company, are subject to taxation in this State.

State Bonds are Property.—The bonds of this State which are owned by a foreign insurance company, but kept in this State, in accordance with the Act of the Legislature requiring such companies to deposit bonds here as security for their liabilities, are a portion of the capital of the company, and are property in this State within the meaning of the Bevenuo Act.

Assessment op Personal Property.—Personal property in this State belonging to a non-resident, may be assessed to such owner, notwithstanding he is a nonresident. e

Same.—If personal property in this State belonging to a non-resident is in the possession of a trustee or agent, it may properly be assessed to the agent or trustee having it in possession.

Same.—An error made by assessing personal property to the wrong owner or claimant, under the Revenue Act of 1857, and Acts amendatory thereof, does not affect the validity of the assessment.

Description op Bonds Assessed.—Bonds of this State belonging to a foreign insurance company, hut deposited in this State in accordance with law, when assessed for taxes, are sufficiently described by being designated “ money and bonds deposited as per statute.”

Taxation op Foreign Insurance Companies. — The percentage on premiums which foreign insurance companies doing business in this State pay to the State under the Act to regulate foreign insurance companies doing business in this State, is not a substitute for taxation. i