POST AND TELEGRAPHS.
ANNUAL REPORT. EXPANSION OF BUSINESS. [BY TELEGRAPH. CORRESPONDENT.] Wellington, Tuesday. The annual report of the Post and Telegraph Department, which was presented to the House this afternoon, shows that .the total receipts for the past financial year amounted to £822,639, and the expenditure to £709,294. The revenue from the postal branch was £478,388 and the expenditure £351,443. The telegraph and telephone revenue was £344,251 and the expenditure £357,851. The total revenue exceeded that of 1906-7 by £76,389 and the expenditure by £89,903. The money-order business still showed a relatively small rate of increase. The increase in the number of orders issued as compared with last year was 2467, entirely due to orders issued for payment within the Dominion. During the year 1,092,631 postal notes for £347,300 were sold. The number of parcels insured was 1689, valued at £19,960 19s lid, upon which premiums amounting to £56 8s 2d were received. The increase in the amount standing to the credit of savings bank depositors was considerable. The deposits (£9,351,663) , exceeded the withdrawals (£8,125,123) by £1,226,540. To this there has been added £343,424 as interest. The total deposits ; now amount to over £11,500,000. The number of old age pension payments was 158,782, as compared with 152,502 in . the previous year, an increase of 6280, or , 4.12 per cent. The total amount of the payments was' £325,220, as against £314,204 , paid out in the preceding year. The total number of telegrams forwarded was 7,042,923, an increase of 646,591, or , 10.11 per cent., as compared with the previous year. The amount expended on telegraph extension was £155,491, but there , were liabilities amounting to £103,550 on account of works for which the authority of Parliament was granted too late for the necessary expenditure to be brought within the financial year. On March 31, 1908, there were 9656 miles of telegraph line and 29,344 miles of wire. The length of submarine cable within the Dominion was 352 knots. The number of telephone exchange connections has increasd rapidly, now reaching 23,981, with a revenue of £116,852. __
POST AND TELEGRAPHS.
New Zealand Herald, Volume XLV, Issue 13796, 8 July 1908, Page 7
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in