SURPLUS OF £7,500,000
PROFITABLE POSTAL YEAR British Official Wireless RUGBY, Tuesday. The number of local telephone calls made in the London service during 1938 was 592,000,000, an increase of 7 per cent, over the figures for the previous year. The accounts of the Post Office for the last financial year, including the postal, telegraph and telephone services. show a surplus of just over £7,500,000, which is the highest surplus for any year since 1912. They show an increase on the preceding year of £1,750,000. According to the Auditor-General’s covering nyport on the Post Office accounts for the year ended March 31, 1928 the four beam wireless stations showed a combined net surplus of £89,473. On the other hand the Imperial Atlantic cable showed a loss of £32,696. This was partly due to competition by the beam system. The beam wireless surplus reduced the deficiency on the other wireless activities. The outcome of all the wireless services was - a deficit of £28,477, or 4.97 per cent, of the total income, compared with a loss of £-1,404,463, or 39.57 per cent., in the previous year.
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Sun (Auckland), Volume II, Issue 575, 30 January 1929, Page 11
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183SURPLUS OF £7,500,000 Sun (Auckland), Volume II, Issue 575, 30 January 1929, Page 11
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