STILL UPWARD

Gisborne Times, Volume LXXXIV, Issue 12866, 21 May 1936, Page 2

STILL UPWARD

POST OFFICE REVENUE. SHOULD SOON PASS £I.OOO.CX-0 MARK. CONCESSi 0 X ;•> BRIN d -NVBE A S Kl'j BUSINESS. (.Special in the Times). WELLINGTON, .May 20. “The revenue results . for the iasi financial year show how the Post Office, which reflects in its activities the general condition <:K business in the Dominion, is climbing out of the depression period in a highly satisfactory manner,” stated. the Post-master-General (the ITnrt. F. .Tones), in -ui interview.

“The gross revenue for the year ended March 31,” lie continued, “was £3,602,519, which was £222,206 above the gross lovenue for 1935. 1 > : H interesting to know the influence on the Department of the long period of economic depression, Tor the last year’s receipts ate only £552,00 in excess of the total tun years ago, though at the rate of last year’s piogros the Post Office should soon pass the £4.000,000 mark.

“The main sources of revenue for the past year, with the corresponding figures for 1935 in parentheses, are as follows: . £1,240,366 (£1.122,041), telegrams £303,466 (£297,250), tolls £501,723 (£461,062), telephones £1,251,080 f£l ,190,77 a), gross revenue £3,652.519 (£3,430,223). "That tlie course oi busines: through "the channels provided by lire Post Office has materially changed during the last ten yeans,’> said the Minister, “is shown by the 'fact that in 1926 the revenue from telegrams was actually £iOS,O6O greater than for the year ended March 31, 1936, but the Post Office has not lost on this movement, because during the same period telephone and toll revenue has increased by £-127,033. “Commercial telegraph business during the past y,ur demonstrated the improvement in general conditions by showing an in cm a o o't ii.2,v per cent in volume, while- the revenue improved to the extent of 4.6 per cent, the smaller: proportion being due to the concessions made in rates. There was a similar disparity between flic increased volume yio.bo per cent) of tire telephone toll unitre mid the increased return to the Department- (11.43 per cent), due to the service being provided to the user at a lower cost ior each, transaction.”