§ 18. Mr. Ridsdaleasked the Postmaster-General by how much trunk revenues exceed costs.
§ Mr. StonehouseBy £59 million in 1967–68.
§ Mr. RidsdaleIf a more realistic price were charged, would that not ease the burden on the letter service and be in the long-term interest of the Post Office?
§ Mr. StonehouseWe have to consider telecommunications as a whole. There is an enormously expensive investment in trunk lines, and we ought to ensure that we have a full return on this so that we may meet our objective of an 8½ per cent. return.