REVENUE RISES.

Waikato Times, Volume 121, Issue 20260, 31 July 1937, Page 8

REVENUE RISES.

POST OFFICE RETURNS. SAVINGS BANK DEPOSITS. (By Telea-rnnh.—Spormi to Times.l WELLINGTON, Saturday. The revenue figures for June indicate that the business of tlie Post and Telegraph Department continues to expand, said the Postmaster-General, the Hon. F. Jones, to-day. The postage revenue for the month reached £134,658, compared with £115,340 for the corresponding month of last year. The telegraph revenue was £25,997, as compared with £25,204, the toll revenue £47,858, as compared with £41,931, and telephone receipts £108,115, as against £100,755.

A better indication of the general Increase in business is. however, revealed in the revenue figures for the quarter ended June 30. The postage revenue shows an increase of £97,000, although part of this return is on account of the sale of Coronation stamps. The telegraph revenue shows an increase of £4OOO, the toll revenue an in-

crease of £20,000, and the telephone receipts £32,000, a total of £153,000, above the return for the corresponding quarter of last year. Upon a percentage basis the volume of telegrams of all codes Is 7.5 per cent, above that, of the corresponding quarter of last year. The. toll business shows an increase of 12 per cent, in volume and 15.5 per cent, in value. In the Post Office Savings Bank the deposits for the June quarter of this year were £8,722,287, compared with £7,502,367 for the corresponding quarter of last year. The excess of deposits over withdrawals was £1,404.j 969, compared with £857.560 for tile corresponding quarter of last year. The Minister added that these figures disclosed a very satisfactory position and could, well be regarded as a barometer of the, general prosperity |of the country.