PENNY POSTAGE
EFFECT OS HEVEXL’E.
(Per Press Association.)
WELLINGTON, June 12.
The statement made by the Federal Postmaster-General (Mr Gibson) that the change from JAd to Id postage in New Zealand has meant a loss of revenue amounting to is fairly near the mark, considering that he probably based his figure on what was estimated would be the drop before the reduction in postage rates was made.
Penny postage was reverted to in New Zealand in October 1923, and it was estimated then that for the 'first full financial year, this would mean a reduction in revenue approximately of £250,000. Actually, after taking into consideration the natural increase in postal business and the further increase brought about by the reduction of rates, the loss on the full year of penny postage has not amounted to more than £200,000. 'The exact figure, so it is stated officially, will probably' be somewhere between £lBO,OOO and £200.000.
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Bibliographic details
Greymouth Evening Star, 13 June 1925, Page 5
Word Count
154PENNY POSTAGE Greymouth Evening Star, 13 June 1925, Page 5
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