FAVOURABLE FIGURES

Northern Advocate, 12 June 1931, Page 5

FAVOURABLE FIGURES

P. AND T. DEPARTMENT QUARTERLY COMPARISON. REVENUE GAINS £36,000. (Per Press Association. —Copyright.) WELLINGTON, This Day. The revenue figures for the Post and Telegraph Department, for the quarter ended March hi are gazetted. The department explains that the revenue from all quarters exceeds that for the .March quarter of last year by £.1(1,007. The earthquake in Hawke’s Bay in February had a very pronounced effect on the Department’s revenue. This applied, principally, to telephones and tolls, where the loss in receipts was approximately £20,000. This large sum was due mainly to the fact that telephone rentals in respect of Napier and Hastings telephone subscribers are due on March 1. The increase in postage, duo to the higher rates, reached approximately £4.1,000 for the month of March. The decrease in telegraph business that month amounted to £B,OOO, and its toll business to £14,000. Saving Bank business for the quarter' showed an excess of withdrawals of £.174,000, against £978,000 for the March quarter last year, so that the position for this item this year is more favourable than last year to the extent of £004,000. The effect of the depression is noticeable in practically all branches of the department’s activities. The total post and telegraph revenue for the quarter is £902,299, compared with £806,292 for the corresponding period of last year. The total postal revenue is £4.14,061, compared with £.101,022, and the telegraphic revenue is £408,2.18, against £504,070 for the March quarter last year. The total post and telegraph revenue figures for the four centres are: —Auckland, £127,078; Wellington, £115,150; Christchurch, £68,282; and Dunedin, £90,603.