§ 33. Sir H. Harrisonasked the Postmaster-General how much money his Department is saving by rendering accounts to telephone users four times a year instead of twice yearly.
§ Mr. BevinsWhen quarterly accounting is in full operation next year, I estimate that the change will save about £l½ million a year in interest charges; but this will be approximately offset by the extra cost of sending four annual bills instead of two.
§ Sir H. HarrisonIs my right hon. Friend aware that it will be a great inconvenience to many subscribers to have to pay four times a year by cheque? If he is not making any saving, cannot he give subscribers the choice of paying either half-yearly or quarterly?
§ Mr. BevinsWe came to the decision to go over to quarterly instead of half-yearly accountancy—after making a great deal of public inquiry—on the ground that it would be much more popular with the public.