GOOD INCREASE

Hokitika Guardian, 27 July 1933, Page 2

GOOD INCREASE

IN BRITISH P.O BUSINESS

SURPLUS CP TEN MILLIONS

(British Official Wireless.)

RUGBY, July 25

During a debate in the House oi Commons on the Post Office vote, which showed an anticipated surplus on all of the services of £10,792,000, the Post master General, Sir Kingsly .Wood, gave an interesting aoc'ount 'of the work of the department. The number of telephone subscribers increased during the year by 15 per cent. In the Post Office Savings Bank over £300.000,000 was standing to the credit of five and a-half million depositors, while some £200,000,000 of Government securities was held by Post Office depositors. The gross turnover of the Post Office was £760,000,000. Nearly seven thousand million postage stamps were sold last year. Wireless licenses number 5,598,078. The air mail was increasingly used. A new samples post representing an annual traffic of \ twenty million packets yearly, was of I great value to traders. The post office, he said, was preparing for, and no it waiting, for, a trade revival, and was following a policy of expansion and modernisation particularly in regard to telephone plant.