SURPLUS INCREASES
BRITISH POST OFFICE BUSINESS. FIXED SUM FOR THE EXCHEQUER. (British Official Wireless.) Rec. 5.5 p.m. Rugby, Feb. 11. The Postmaster-General, Sir Kingsley Wood, presenting the commercial accounts for the last financial year, points out that this is the first year of operation of the new financial scheme under which the Post Office is liable to pay a fixed sum of £10,750,000 to the Exchequer. Any sum earned in of this amount is payable to the Post Office fund, where it becomes available for Post Office purposes. The results for the year show that the Post Office business resulted in a net surplus, after charging interest on capital, of £12,308,017, compared with £11,055,717 in the previous year.
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Taranaki Daily News, 13 February 1935, Page 5
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118SURPLUS INCREASES Taranaki Daily News, 13 February 1935, Page 5
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