Excess Profits Including Excess Mineral Rights Duty And Levies Under the Munit

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Excess Profits Including Excess Mineral Rights Duty And Levies Under the Munit
W E Walter Edward Snelling
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) In subsection (3) of section five of the principal Act, after the words " affords no standard of comparison " there shall be inserted the words " or that no such average exists, " and after the words " if he thinks just, allow, " there shall be inserted the words " or require. " (Munitions of War (Amendment) Act, 1916, s. 19. ) 91. The standard may be increased by 8 per cent, interest on the amount of any additional capital used in the establishment, or (where the output has increased) by the... amount considered by the Minister of Munitions (or the Commissioners of Inland Revenue 1 ) to afford a reasonable return in respect of the additional output. The establishment may select the more favourable of these two allowances. The allowance may be in addition to or in lieu of the 20 per cent, referred to in Rule 89, according as the Minister may direct.
PROCEDURE BEFORE 2ND PROCEDURE FROM 2ND AUG. , 1917. AUG. , 1917.
The powers of the Minister If agreement cannot be may be exercised by the reached with the Commis- Referees on appeal.


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