POST OFFICE EARNS £20.5m
Costs Increase; By £2m . Poet Office revenue agaih showed ah increase last year The revenue earned amounted to £20545,530—an increase of £1,474,308 over the previous year. These figures were given ,in the annual report of the department tabled in the House of Representatives today.!; Costs continue to rise at a greater rate than revenue. Expenditure, tor the year amounted to £19,293,577, an increase of £2.065,112? To meet’ Increasing costs sohta rate increases were made during tffc year. ’ The accounts (or the year Were not yet in final 'form, but after providingfor depreciation and reserves,it is estimated there will be a .profit Of approximately £50,000, the report states.
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Press, Volume XCVI, Issue 28370, 31 August 1957, Page 8
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111POST OFFICE EARNS £20.5m Press, Volume XCVI, Issue 28370, 31 August 1957, Page 8
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