P. AND T. BALANCE-SHEET

Hawera & Normanby Star, Volume XLI, Issue XLI, 15 October 1921, Page 7

P. AND T. BALANCE-SHEET

LEEWAY OF £354,000.

Tk* a * WELLINGTON, Oct. 13. *i « balance-sheet produced by fn?™n* ?n/ Tel^ a Ph Department Jor publjc information was disclosed in the House by the PostmasteivGeneral. mJte Xph in^ the. figuw * were.approximate, but they showed fairly well the 192 101k f0r tho yea/ ended March 81, fAy Vv, avenue from the post offico for the year was £1,352,677, and from £1 23^ ?^ Ph ' ?nd tele Pho«« Ranches 440 TlS?' eiVln3,& to. tal of £2,590,----440. The expenditure in the post of- *» ™ «1|222,007 f and in tfo te?e----77Q« In? 110?® branches £1,369,-i "J, a total expenditure of £2,591,786.} fef 5. Per cent on the'capital i/93,371, brought the balance of the! expenditure over the revenue for the IZ T i*° £?3f 717- To that had to S £40,000, which must come out of the rovenue Valuations showed the capi-' tal cost of telegraphs as £1,768,000 ' fefcfr 68 £2 '64^000, buildings £1,1 SOO,OOO, making a total of £5,867,000.! Members would sco that after allowing 5 per cent on the capital there was a leeway of £354,000. That was what the Department. jyas behind last year and | that was not allowing for furniture.! lhe Minister announced that the next telephone directories would contain advertisements, and by this means it was estimated that about £14,000 or £16,----000 would be eav^l. There were 6618 people awaiting a chance to hecome connected to the telephone system. The Department was short of instruments nt present, but from January it was hoped to receive 1000 per month. "We would want," he said, "about a mil-' lion of money at once to catch up arrears of work, and then he would require to go on at the rate of about half a million a year to keep up with the demand." He expected the Zone system of telephone charges woaM be introduced, and as soon as a final report was ready he would make it public, so that members miuht have the opportunity of lookinc into it before rofiitflations were drafted. —Chronicle correspondent. ,