§ 73. Mr. MILLSasked the Chancellor of the Exchequer the amount of excess profits made in each of the years 1915 to 1920 as indicated in the total gross assessments to excess profits duty?
Mr. CHAMBERLAINPrecise information on this subject is not available, and the following estimates must be regarded as subject to a certain margin of error. The aggregate net excess profits which have been or will be assessed on businesses liable to Excess Profits Duty (after deduction of the statutory allowances for which the Excess Profits Duty Acts provide) are estimated as follows:
| Accounting period ended | Million pounds. |
| after 4th August, 1914, and before 1st April, 1917 | 600 |
| (No allocation of this amount to the financial years covered is available.) | |
| in the financial year ended: | |
| 31st March, 1918 | 420 |
| 31st March, 1919 | 460 |
| 31st March, 1920 | 500 |