Postal Orders

HC Deb 09 April 1952 vol 498 c2722

20. Mr. Hobson

asked the Assistant Postmaster-General what was the profit on the issue of postal orders in 1951–52.

Mr. Gammans

I would refer the hon. Member to my reply of 19th March to the hon. Member for Abertillery (Rev. LI. Williams).

Mr. Hobson

In view of that reply, will the hon. Gentleman take steps to withdraw the Post Office (Amendment) Bill, in view of the intention further to increase the poundage on postal orders, which already show a substantial profit; or will he approach one of his hon. Friends so that an Amendment may be put down to the Bill that it "be read this day six months"?

Mr. Gammans

Far from there being a substantial profit, there is an estimated deficit of £130,000.