HC Deb 05 June 1928 vol 218 c31W

asked the Postmaster-General if, with reference to the estimated profit of the Beam services from this country, namely, £500,000 for the current year, he will give the latest information of the financial results of the working of the Beam services by the Post Office and of the Post Office operated cables, showing separately the latest available figures of the profit arising in each case?

Viscount WOLMER

An estimate of current and future profits whether for the wireless or the cable services must depend to a considerable extent upon assumptions, and two of the four Imperial beam services have been in operation less than a year. While, therefore, I am able to say that an official estimate of the yield of the Beam services to the British Exchequer during the current year would be much less than £500,000, I doubt whether it would be in the public interest at the present time to attempt an exact forecast.