B.—l [Pt. IV].

POST AND TELEGRAPH DEPARTMENT. General Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Telegraph Branch loss .. .. 75,297 5 2 By Postal Branch profit .. .. 86,062 1 1 Wireless Branch loss .. .. 11,087 16 8 Telephone Branch profit .. .. 17,936 19 9 Garages .. .. .. 2,060 3 8 Savings-bank Branch profit .. .. 191,932 7 1 Profit and Loss Appropriation Account carried down .. .. .. 207,486 2 5 £295,931 7 11 £295,931 7 11 Profit and Loss Appropriation Account. Dr. £ s. d. Or. £ s. d. To Profits invested in departmental assets 137,111 17 5 By Balance forward .. .. .. 302,059 0 2 Savings-bank Reserve Account .. 200,000 0 0 Profit and Loss Account .. .. 207,486 2 5 Balance .. .. .. .. 172,433 5 2 £509,545 2 7 £509,545 2 7 POSTAL BRANCH. Profit and Loss Account for the Year ended 31st March, 1924. Or. £ s. d. Or. £ s. d. To Working-expenses .. .. 1,009,314 9 4 By Postages .. .. .. 1,053,727 5 3 Depreciation .. .. .. 26,341 4 5 Rents received .. .. .. 5,508 5 4 Assets not fully depreciated, written Private box and bag rents .. 28,478 6 8 off as unserviceable .. .. 196 1 3 Rural delivery fees .. .. 8,479 9 5 Profit before charging interest carried Money-order and postal-note comdown .. .. .. 135,297 14 6 mission .. .. .. 48,106 10 10 Miscellaneous revenue .. .. 26,849 12 0 £1,171,149 9 6 £1,171,149 9 6 £ s. d. £ s. d. To Interest on capital .. .. 49,235 13 5 By Balance brought down .. .. 135,297 14 6 Profit on year's working transferred to Genera! Profit and Loss Account 86,062 1 1 £135,297 14 6 £135,297 14 6 TELEGRAPH BRANCH. Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Working-expenses .. .. 625,860 10 7 By Telegraph revenue .. .. 692,869 16 11 Depreciation .. .. .. 75,551 17 8 Miscellaneous .. .. .. 11,137 5 2 Material and stores written off as use- Rents received .. .. .. 2,340 12 1 less, damaged, &c. .. .. 1,525 19 6 Profit before charging interest carried down .. .. .. 3,409 6 5 £706,347 14 2 £706,347 14 2 £ s. d. £ s. d. To Interest on capital .. .. 78,706 11 7 By Profit brought down .. .. 3,409 6 5 Loss on year's working transferred to General Profit and Loss Account 75,297 5 2 £78,706 11 7 £78,706 11 7

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