BRIGHTER BUSINESS

Hawke's Bay Herald-Tribune, Issue 166, 31 July 1937, Page 3

BRIGHTER BUSINESS

-PreBB Aasociatlon.)

Post and Telegraph Receipts Show Increase PROSPERITY BAROMETER

(By Telegraph-

WELLINGTON, Last Night. | The Postmaster-General (Hon. F. iJones) stated to-day that the revenue jfigures for the month of June indicata jthat the business of the Post and Telegraph Department continues to expand. The postage revenue for the montk jreached £134,658, compared witli |£1 15,340 for the corresponding month of llast year. The telegraph revenue was |£25,997, as coinpaTed with £25,204, toll irevenue £47,S58, as compared with '£41,931, and telephone xeceipts £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 tliis return is on account of tho sale of Coronation stamps. The telegraph revenue shows an increase of , £4000, toll revenue an increase of £20,000 and the telephone. receipts are £32,000 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, toll business shows an increase of 2 per cent, in volume and 15.5 per cent. in value. The Post Office Savings l^ank deposita ' 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 £2,404,969, compared with £857,560 for the corresponding quarter - of • last year. The Minister added that these figures disclosed a very satisfactory positionand could well be regarded as a. baro- - meter of the general prosperity of . the country.