SWIFT DEVELOPMENT.
RUGBY, February 13. Increased Post Office expenditure, attributable to recovery in trade and industry, combined with the increase in telephone subscribers and traffic following the reduction of rates which has been operating since last October, is provided for in a Bill now published. In 1935-36 an expenditure of £9,467,000 will be required for Telephones and £1,053,000 for postal and telegraph services. The Bill seeks authority for an issue of £34,000,000, but the memorandum states that if the present rate of development continues fresh borrowing powers must be sought before the autumn of 1938.
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Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20540, 15 February 1935, Page 5
Word Count
95SWIFT DEVELOPMENT. Star (Christchurch), Volume LXVI, Issue 20540, 15 February 1935, Page 5
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