§ 38. Mr. MACKINDERasked whether it is intended to remit the whole or part of the English Excess Profits Duty in the case of a company registered in this country but trading only in an Allied country and already charged with an Excess Profits Duty by the Allied Government?
§ Mr. BALDWIN (Lord of the Treasury)In computing profits for the purposes of Excess Profits Duty a deduction is allowed for any payment in respect of the profits on account of any Excess Profits Duty or similar duty imposed by an Allied Government.