Clause 1. — Distribution of Profits of undertakings.

Part of Coal Mines (Emergency) Bill. – in the House of Commons at on 18 March 1920.

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(3) For the purposes of this Act "total standards" in relation to any undertaking means the sum of all the standards attributable to the accounting periods or parts of accounting periods falling within the period of the operation of this Act, and "accounting period" means an accounting period under the provisions of the Finance (No. 2) Act, 1915, relating to excess profits duty as amended or explained by any subsequent enactment (which provisions are hereinafter referred to as the Finance Act).