
    No. 2.
    New World Life Insurance Co. v. United States.
    Argued November 18, 19, 1940.
    Decided December 9, 1940.
    
      Mr. William Marshall Bullitt, with whom Mr. Walter E. Barton was on the brief, for petitioner. Mr. Arnold Baum, with whom Solicitor General Biddle, Assistant Attorney General Clark, and Messrs. Sewall Key, J. Louis Monarch, and Guy Patten were on the brief, for the United States.
   Per Curiam:•

The judgment is affirmed upon the first ground set forth in the opinion of the Court of Claims with respect 'to investment expenses, the views expressed on the second question considered by the Court of Claims as to the right of deduction on account of insurance reserves not being an essential basis for the judgment and being contrary to Helvering v. Oregon Mutual Life Insurance Co., ante, p. 267.  