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STATEMENT OF FINANCIAL OPERATIONS AND BUSINESS OF THE DEPARTMENT FOR THE YEAR ENDED 31st MARCH, 1946

RECEIPTS AND PAYMENTS The receipts and payments~of the Department*for the financial year 1945-46 are shown in the following account:— Receipts. Payments. £ £ £ £ Balance forward .. .. .. .. .. 44,321 Salaries .. .. .. .. .. 2,623,184 Postages .. .. .. .. 1,780,052 Conveyance of ocean and air mails .. .. 168,704 Money-order and postal-note commission .. 54,620 Conveyance of inland mails.. .. .. 191,182 Private box and bag rents and rural-delivery Conveyance of mails by rail .. .. 134,157 fees .. .. .. .. .. 70,390 Maintenance of telegraph and telephone lines .. 504,031 Miscellaneous receipts .. .. .. 1,038,518 , Renewals and replacements .. .. 60,000 Paid telegrams .. .. .. .. 637,442 Motor services and workshops .. .. 216,828 Paid tdlls .. .. .. .. 1,425,020 Maintenance of Post and Telegraph buildings .. 109,937 Telephone-exchange receipts .. .. 2,062,355 Miscellaneous .. .. .. .. 1,749,386 7,068,397 Interest on capital liability .. .. 712,973 Sick Benefit Fund .. .. .. 8,574 6,478,956 Renewal and replacement of Assets Fund (investment) .. 604,000 Balance carried down .. .. .. .... 29,762 £7,112,718 £7,112,718 £ Balance brought down .. ~ .. .. 29,762

The total cash value of the transactions of the Department, including the above, amounted to approximately £655,000,000.

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