§ Mr. HANNONasked the Chancellor of the Exchequer the amount of arrears of Excess Profits Duty due on the 28th February, 1923, and the amount of claims for repayment which had been submitted but still remained unagreed on that date?
§ Major BOYD-CARPENTERThe approximate amount of Excess Profits Duty (including Munitions Levy) in assessment but unpaid at the 28th February, 1923, was £221,000,000. It will be understood that this figure does not represent finally ascertained liabilities large sums are subject to adjustment on appeal or otherwise and it is anticipated that the duty to be ultimately received by the Exchequer will fall far short of the amount stated. I regret that I am unable to state the amount of claims for repayment submitted but unagreed at that date. These claims arise and are examined in the first place locally. In a great many cases no precise figure is formulated until that examination is completed; in numerous other eases no relief is found to be due.