§ 25. Mr. ALEXANDER RAMSAYasked the Postmaster-General what amount of capital expenditure was authorised to his Department by the Post Office and Telegraph (Money) Act, 1931; and what amount was engaged in for the financial year ended 31st Mazda, 1932, and for the six months ended 30th September, 1932?
§ The ASSISTANT POSTMASTER-GENERAL (Sir Ernest Bennett)The amount authorised by the Post Office and Telegraph (Money) Act, 1931, was £32,000,000. The capital expenditure in the financial year ended 31st March, 1932, was £9,582,740. The approximate capital expenditure for the six months April-September, 1932, is £4,030,000.