POSTAL PROGRESS.
REMARKABLE REVENUE EXPANSION.
NET PROFIT OF £5,860,000.
By Telegrapi—Press Association-Copyright (Roc. April 25, 10.30 p.m.) London, April 25. Mr. Herbert Samuel, Postmaster-Gen-eral, submitting tlio Post Offico Estimates in tlio Housa of Commons, said that tho revenue liad. sliown a remarkable expan-
Tlio estimated net profit for tho current year, he said, would bo «£5,8G0.000. It was this profit, Mr. Samuel stated, that had saved tho Chancellor of tho Exchequer, Mr. Lloyd-George, from asking for any increased taxation in tho Budget.
There had beem a remarkable development in the oversea cables service., The reduction; of the press rates had resulted in doubling tho traffic in a period of three years. 1
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Dominion, Volume 6, Issue 1734, 26 April 1913, Page 5
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112POSTAL PROGRESS. Dominion, Volume 6, Issue 1734, 26 April 1913, Page 5
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