£1,000,000 A YEAR.
TELEGRAPHS AND TELEPHONES. (SPECIAL TO "THE PBI8B.") WELLINGTON, August 14. The Prime Minister, while in charge of the Post Office Estimates to-day, said that the programme of the Department was to spend a million a year on telegraphs and telephones. The amount for telephones was from £850,000 to £900,000. That was a huge expenditure for a small country like this, and a safe line to follow was to leave as little as possible of the capital lying idle. There were, no doubt, more customers than they could deal with, but the Department would do its best to meet immediate demands. It would | take a million and a half a year to meet all the demands. It was, howeven a good business, and it paid interest on the money borrowed.
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Bibliographic details
Press, Volume LXI, Issue 18461, 15 August 1925, Page 12
Word Count
132£1,000,000 A YEAR. Press, Volume LXI, Issue 18461, 15 August 1925, Page 12
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