PROFIT FROM POST OFFICE
BRITISH BUSINESS INCREASES. By Telegraph—Press Assn.—Copyright, United Service. London, Jan. 28. Th© accounts of the Post Office for ilie last financial year, including . the postal, telegraph and telephone services, show a surplus of just over 1427,500,000, which is Jhe highest since 1912. Th?y show an increase on the preceding year of £1,750,000. According to the Auditor-General in a covering report, tho four beam wireless stations showed a combined; net Burplue of £89,473, but tho Imperial Atlantic cable showed a loss of £32,696, partly due to beam competition. The beam wireless surplus was reduced by a deficiency on other wireless activities. The outcome of all the wireless services was a deficit of £18,447, or 4.97 per cent, of tho total income, compared with £140,446, or 39.57 per cent'., in the previous year.
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Taranaki Daily News, 30 January 1929, Page 11
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135PROFIT FROM POST OFFICE Taranaki Daily News, 30 January 1929, Page 11
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