§ Mr. Boyceasked the Chancellor of the Exchequer whether, in the case of industries which were depressed during the years from which standard profits for purposes of Excess Profits Tax are to be selected and which consequently have little or no profits standard, he is now prepared to authorise the Board of Referees to increase the limit imposed by Section 27 (5) of the Finance Act, 1940, and, in particular, where profits of such industries, which fall by chance into the chargeable accounting period, have no connection, even remotely, with war or the preparation for war?
§ Sir K. WoodI am afraid that I could not see my way to entertain my hon. Friend's suggestion for an amendment of the provisions so recently enacted.