§ Mr. HOGGEasked the President of the Board of Trade whether he will state, in arriving at the estimated Treasury contribution to the coal industry of £7,250,000, what amounts were estimated for excess profits, excess payments to the Coal Controller, and payments out of the compensation fund in terms of the Coal Mines Agreement (Confirmation) Act, respectively?
§ Mr. BRIDGEMANMr. Justice Sankey recommended in his Interim Report, which has been adopted by His Majesty's Government that the owners' profits should be 1s. 2d. per ton of output. The figures of £7,250,000 represents the net difference up to 16th July between Is. 2d. per ton on the estimated output and the estimated profits.922W It is not possible to estimate the excesses and deficiencies, either in individual cases or in the aggregate, which will result in this net difference. The question of Excess Profits Duty is one for the Chancellor of the Exchequer.