REVENUE INCREASE

Nelson Evening Mail, Volume 76, 14 August 1941, Page 6

REVENUE INCREASE

post andltlegraph DEPARTMENT’S ANNUAL REPORT SAVINGS BANK DEPOSITS (From Our Parliamentary Reporter) Wellington. This Day. An excess of £767.291 of receipts over expenditure for the year ended 31st March, 1941. is shown in the annual report of the Post and Telegraph Department, which was presented in the House of Representatives. The report shows that revenue was £5.106.193, and payments for working expenses were £4.338.902. The revenue exceeded that of the previous year by £312.502. Post Office Savings Bank deposits were £28.607.222. against £25.151.287 in the previous year, a rise of £3.455,935. Interest credited to depositors was £1.666,709. Withdrawals were £ 5.319.146. against £20.462.838 the year before, a fall of £4.143.692. The amount at credit of depositors at 31st March was £62.956.787, equal to a rise of £4.954.785 over the balance a year earlier. The number of accounts at 31s March was 992.792, a rise of 32,227 for the year. “Nearly 1400 of the department’s officers had been released for service w . the forces overseas up to the end of the year.” the report says. There was a gratifying response to the post office patriotic fund, established in March, 1940. The amount paid in the firs year from the fund to tho national an provincial patriotic funds was £ 6000. “The transtasman air service has proved most valuable, particularly in view of the concentration of New Zealand forces in the Middle East,” the report continues. “For the 11 months ended 31st March, 1941. a total of 34.464 pounds of New Zealand mail was dispatched by the service.” The report adds that from the inauguration in July, 1940, till the end of March this year mail dispatched by the transpacific air service was 86191 b. and mail received weighed 90011 b. Sales of national savings bonds to 31st March represented £611,709. The Post Office handled about £95,000,000 on behalf of other departments. Motor-vehicles licensed at 31st March, totalled 311,641, a decrease of 3879 on the previous year's total. Registrations during the year were 15,551, a decrease of 14.219. The total amount of motor registration fees collected was £572,489. a deci'ease of £30,470. The report records that radio licences at 31st March totalled 355,480, an increase of 9770. There were 16,700 new telephone subscribers, bringing the total to 171.965 main subscribers stations.

AIR RAID CASUALTIES

501 PERSONS KILLED IN JULY j (Rec., 11.53 a.m.) Rugby, Aug., 13.' ! The Ministry of Home Security an- j j nounces that 501 persons were killed ; ! and 447 injured as a result of air raids ! -in Britain in July.—B O.W.