POSTAL BUSINESS.
LATEST AUSTRALIAN RETURNS.
A LOSS OF £242,322
(United Press Association) Received January 28, 10.40 a.m. MELBOURNE, January 28
The annual report of the Post-master-General's department, tabled in the House of Representatives, showed that the net loss for the year ended June 30, 1925, was £242,322. The earnings of all branches totalled £10,074,854, an increase of £350,053 over .the previous year. The working expenses, excluding interest charges, totalled £9,230,629, an increase of £781,853. The previous year's operations showed a profit of £364,352.
The principal factors contributing to the changed financial aspect, compared with the previous year, were reductions in the postage rate £300.000, application of radial charges for telephone calls £82,000, reduced cable rate £17,500, mail steamer loss £47,000, various Arbitration Court awards £283,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19260128.2.55
Bibliographic details
Waikato Times, Volume 100, Issue 16710, 28 January 1926, Page 5
Word Count
125POSTAL BUSINESS. Waikato Times, Volume 100, Issue 16710, 28 January 1926, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in