Mr. RUTHERFORDasked the Chancellor of the Exchequer whether, in calculating the rate of interest or statutory percentage for the purpose of the Excess Profits Duty payable by commercial undertakings the rate of interest allowed on capital brought in after the War ought to be the rate in force at such past-war dates and not the pre-war rate, which is in many cases less than one-half; and whether he will consider the propriety of issuing instructions to this effect to the Board of Referees?
§ Mr. McKENNAThe hon. Member misapprehends the functions of the Board of Referees in considering me entitled to issue an instruction to them upon this subject.