In order to interpret quantitatively intrinsic viscosity data for polymer solutions, especially for chains of poor flexibility, the partially free draining effect discussed in the theories of Kirkwood and Riseman and Debye and Bueche must be also taken into account, as well as the excluded volume effect considered in the theory of Flory and Fox. Although the Flory‐Fox theory is widely used at present for analysis of intrinsic viscosity data, it appears that in most actual cases the draining effect may also play an important part and the two effects may overlap each other to some extent. A new method has been presented in this paper, through which the separation of these tow contributions becomes possible. The exponent a in the Mark‐Houwink equation, [η] = KmM̄va, is divided into two parts: a1, related to the volume effect, and Δ, related to the draining effect. Making use of the theoretical relationship between Km and a, which was derived in the preceding paper, we can calculate the value of Δ, if the Mark‐Houwink constants have been established for a given series of polymer homologues in two solvents. In this way, we can discuss the volume effect and the draining effect separately, and interpret completely intrinsic viscosity data in terms of the parameters appearing in the Flory‐Fox and Kirkwood‐Riseman theories. Furthermore, a new method has been proposed for estimating the Mark‐Houwink constants from the measurements of intrinsic viscosity and molecular weight for a single sample. Only one sample need be used, and thus recourse to the usual more laborious methods is unnecessary. General applicability of our methods has been shown by several examples cited from published data.