Oral Answers to Questions — Excess Profits Duty.

– in the House of Commons at on 11 November 1926.

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Photo of Mr John Hopkins Mr John Hopkins , St Pancras South East

54.

asked the Chancellor of the Exchequer how many claims have been made for the repayment of Excess Profits Duty under Part III of the Finance Act, 1921, which is intended to grant relief to those holding stocks at excessive valuations?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

I regret that the statistics collected regarding the Excess Profits Duty do not contain particulars of the relief in question.

Photo of Mr John Hopkins Mr John Hopkins , St Pancras South East

Has any relief under this Section ever been allowed?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

I cannot say, as there are no statistics on that point.

Photo of Mr John Hopkins Mr John Hopkins , St Pancras South East

Surely the right hon. Gentleman must be aware whether there has been any relief given under this Section?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

There have been grants, of course, but there is no means of estimating the amount on one particular account.