§ Amendment to Section five of Part I. (Computation of Profits) of Fourth Schedule, at end, add the following proviso:
§ "Provided that if the Commissioners of Inland Revenue or the Board of Referees shall refuse to allow a deduction for any increase in the remuneration of directors, managers, or other persons concerned in the management of any trade or business, and the taxpayer shall be required to pay Excess Profits Duty in respect of such disallowed deduction, the taxpayer shall be entitled to recover from any such director, manager, or other person the amount which he shall have paid by way of Excess Profits Duty in respect of such increase."
§ Mr. McKENNAI beg to move, to leave out the Clause. An Amendment just adopted has been substituted for this Clause.
§ Amendment agreed to.