AUSTRALIA
(Australian and N.Z. Cable Association.)
COMMONWEALTH LINE MELBOURNE, January 28.
The annual report of the AuditorGeneral, referring to the Commonwealth Shipping Line, says that i( showed a, nett loss for the year of £209,364. To this had to be added depreciation and debenture interest, making a total loss for the year of £593,879. The amount spent on the fleet was £1,967,462, and the earnings totalled £1,881,649.
P.O. DEFICIT.
MELBOURNE, January 28
The annual report of the Postmas-ter-General’s Department was tabled to-day in the House of Representatives. It showed a nett loss for the year ended on June 30, 1925, of £242,322. The earnings of all branches totalled £10,074,854, an increase of £350,053 over the previous year. The working expenses, excluding interest charges, totalled £9,230,629, an increase of £781,853. The previous year’s operations showed a profit of £364,352.
The principal factors contributing to the changed financial aspect, compared with the previous year, were reductions in the postage rate, equal to £300,000; the application of radial charges for telephone calls (£83,000); a reduced cable rate (£17,500); mail steamer loss (£47,000); and various Arbitration Court awards (£283,000).
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Greymouth Evening Star, 29 January 1926, Page 5
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185AUSTRALIA Greymouth Evening Star, 29 January 1926, Page 5
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