BRITISH POST OFFICE

New Zealand Herald, Volume LXX, Issue 21553, 26 July 1933, Page 9

BRITISH POST OFFICE

EXPANDING BUSINESS LAST YEAR'S FIGURES (Received July 25, 7.35 p.m.) British Wireless RUGBY, July 21 During a debate in the House of Commons to-day on the Post Office vote, which showed an anticipated surplus on all the services of £10,792,000, the Postmaster-General, Sir Kingsley Wood, gave an interesting account of the work of his department. The number of telephone subscribers had increased during the year 15 per cent, said the Minister. In tho Post Office Savings Bank more than £300,000,000 was' standing to the credit of 5,500,000 depositors. About £200,000,000 of Government securities was held by the Post Office. The gross turnover of the Post Office was £760,000,000. Nearly 7,000,000,000 postage stamps were sold last year. Wireless licences numbered 5,598,078. The air mail services were being used to an increasing extent. Tho new samples post, representing an annual traffic of 20,000,000 packets, was of great value to traders. ° The Post Office, said the Minister, was preparing for a trade revival, not waiting for it. It was following a policy of expansion and modernisation, particularly in regard to the telephone plant. __________