BRITISH POST OFFICE SHOWS RECORD SURPLUS.
(United Press Assn.—By Electric Telegraph.—Copyright.) RUGBY, January 31. A surplus of ’ £9,000,000 is revealed in the Post Office commercial accounts for the year ended March last. This is the highest recorded in the history of the Post Office. The figures are:—Postal surplus, £O,250,000; telephone surplus, £500,000; telegraph deficit, £750,000. Cash receipts for wireless licenses totalled £1,358,000, against £1,234,898 for the preceding year. After twelve and a half per cent had been credited to the Post Office for the expenses of management, etc., a balance remained of £1,179,501, of which £887,616 was paid over to the British Broadcasting Corporation, and £291,885 accrued to the Exchequer.
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Star (Christchurch), Issue 18985, 3 February 1930, Page 11
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110BRITISH POST OFFICE SHOWS RECORD SURPLUS. Star (Christchurch), Issue 18985, 3 February 1930, Page 11
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