§ 30. Mr. RAIKESasked the Postmaster-General the approximate amount of the postal profits, as calculated in the commercial accounts of the Post Office, for the year ended 31st March, 1932?
§ THE POSTMASTER-GENERAL (Sir Kingsley Wood)The provisional commercial accounts for 1931–32 show a surplus of £10,826,000 on the Postal Service, a surplus of £557,000 on the telephone service and a loss on the telegraph service of £828,000. The surplus on the three services combined is thus £10,555,000. These figures are, of course, subject to adjustment and to audit.
§ Mr. DENMANWill the right hon. Gentleman take steps to put the telegraph service on a profitable basis?
§ Sir K. WOODYes, Sir. This year the telegraph deficit is reduced by £180,000.