EXCESS PROFITS DUTY.
§ 48. Mr. PERKINS
asked the Chancellor of the Exchequer whether he will consider the advisability of imposing some form of Excess Profits Duty on all firms benefiting from the expansion of the defence forces of this country?
I would refer the hon. Member to the answer given on 12th March to the hon. Member for Wolverhampton East (Mr. Mander).
§ Mr. PERKINS
Is the right hon. Gentleman not aware that there is a strong feeling in the country on this 228 matter as to what specific steps the Government have taken to prevent any form of profiteering?
§ Mr. H. G. WILLIAMS
Before considering any restoration of the Excess Profits Duty will the right hon. Gentleman bear in mind the gross extravagance which resulted from the Duty in the past?