The W 17 was made by Winchester Repeating Arms company, , New Haven, Conneticut, USA. They made nitro-cellulose loaded 303's from 1914-1917 for military contracts. The 17 obviously indicates 1917.
The other headstamp is Kynoch (ICI), Witton, Birmingham. 1940 is the manufacture date and the WI indicates an armour piercing round. Whilst yours is WW2 dated, in WW1, Kynoch produced over 2,700,000,000 303 rounds !!!
Are you sure the one with the clip still attached is a 303 ? Does it have the same rim as the one marked K1940 ? It looks on your photo as though it is a rimless round and therefore not a 303.
Hope that's of help
Cheers
Steve T
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