Thurlow, J (per curiam—judgment delivered from the Bench):—We do not need to hear you Mr Chalmers and Mr Lefebvre. Notwithstanding the very able argument of Mr Vineberg on behalf of the appellant we are all of the opinion that the amounts of $10,000 received by the appellant from Richstone Bakeries Inc in each of the years 1964 and 1965 can reasonably be regarded as having been received in consideration for covenant with reference to what the appellant was not to do after the termination of his employment as an officer or employee of Richstone Bakeries Inc within the meaning of section 25 of the Income Tax Act and that the Tax Appeal Board and the learned trial judge did not err in concluding that these amounts were properly included in the appellant’s income for the taxation years in question.
The appeal will be dismissed with costs.