F.—l

9

STATEMENT OF FINANCIAL OPERATIONS AND BUSINESS OF THE DEPARTMENT FOR THE YEAR ENDED 31st MARCH, 1929.

RECEIPTS AND PAYMENTS.

The receipts and payments of the Department for the financial year 1928-29 are shown in the following table

The total cash value of the transactions of the Department, inclusive of the above, amounted to approximately £219,425,000 for the year.

Receipts and Payments for the Years 1881-82, 1891-92, 1901-02, 1911-12, 1921-22, and following Years.

2—F. 1.

Item. Postal. Telegraph. Total. Receipts. £ s. d. £ s. d. £ s. d. Postages .. .. .. .. .. .. 1,146,761 4 OJ .. 1,146,761 4 OJ Money-order and postal-note commission .. .. 49,701 12 8 .. 49,701 12 8 Private box and bag rents and rural delivery fees .. 45,137 15 6 .. 45,137 15 6 Miscellaneous receipts .. .. .. .. 200,193 7 3£ 20,495 4 11J 220,688 12 3 Paid telegrams .. .. .. .. .. .. 404,564 17 1 404,564 17 1 Paid tolls .. .. .. .. .. .. .. 442,895 16 11J 442,895 16 11£ Telephone exchange rentals .. .. .. .. .. 1,135,795 8 2b 1,135,795 8 2£ Totals .. .. .. .. .. 1,441,793 19 6 2,003,751 7 2J 3,445,545 6 8£ Payments. Salaries .. .. .. .. .. .. 679,649 8 4 954,339 12 8 1,633,989 1 0 Conveyance of ocean mails .. .. .. .. 67,508 14 7 .. 67,508 14 7 Conveyance of inland mails .. .. .. .. 135,468 15 4 .. 135,468 15 4 Con.veyanceofmailsbyra.il .. .. .. .. 114,400 0 0 .. 114,400 0 0 Maintenance of telegraph and telephone lines .. .. .. 131,299 0 8 131,299 0 8 Renewals and replacements .. .. .. .. .. 50,000 0 0 50,000 0 0 Motor services and workshops .. .. .. 37,622 0 0 24,856 19 11 62,478 19 11 Miscellaneous .. .. .. .. .. 147,949 2 8 150,642 8 6 298,591 11 2 Interest on capital liability .. .. .. .. 117,235 0 5 310,764 19 7 428,000 0 0 1,299,833 1 4 1,621,903 1 4 2,921,736 2 8 Balance of receipts over payments .. .. .. 141,960 18 2 | 381,848 5 10J *523,809 4 0J Totals .. .. .. .. .. 1,441,793 19 6 12,003,751 7 2J 3,445,545 6 8£ * This balance is required to cover depreciation of the Department's assets, and has been invested.

Year. Receipts. Payments. Balance of Receipts Excess of Payments F 9 over Payments. over Receipts. 1 . £ £ £ £ 1881-1882 .. .. .. .. 234,529 233,291 1,238 1891-1892 .. .. .. .. 320,058 268,343 51,715 1901-1902 .. .. .. .. 488,573 465,756 22,817 1911-1912 .. .. .. .. 1,087,710 988,911 98,799 1921-1922 .. .. .. .. 2,811,535 2,451,571 359,964 1922-1923 .. .. .. .. 2,687,768 2,114.994 572,774 1923-1924 .. .. .. .. 2,688,954 2,120,584 568,370 1924-1925 .. .. 2,889.450 2,4.16,257 473.193 1925-1926 .. .. .. .. 3,100,396 2,409,556 690,840 1926-1927 .. .. .. .. 3,220,666 2,346,274 874,392 1927-1928 .. .. .. .. 3,329,511 2,299,571 1,029,940 1928-1929 .. .. .. .. 3,445,545 2,921,736* 523,809 * Includes payment of interest on capital liability, which was previously paid out of Consolidated Fund.