§ Mr. CULVERWELLasked the Postmaster-General what is the estimated total value for the current year of the twopenny postage stamps affixed to receipts; and whether this sum is deducted from the profits of the Post Office and allocated to the appropriate Government Department?
§ Mr. LEES-SMITHThe estimated total value for the current year of postage stamps used for receipt purposes is £2,385,000. This sum is excluded from Post Office revenue and paid to the appropriate Government Departments. Particulars of these payments are shown each year in the Finance Accounts.
§ Mr. SMITHERSasked the Postmaster-General whether, in estimating the profit made by the Post Office, credit is taken for the total amount of the sale of stamps which are marked "Postage and Inland Revenue" and which may be used as receipt stamps, for adhesive stamps for letters of guarantee, and for similar purposes; whether the estimated amount is attributed to the Inland Revenue Department; and, if so, on what basis is the estimated deduction made?
§ Mr. LEES-SMITHThe estimated value of the "Postage and Revenue" stamps used in Great Britain for receipt and similar purposes is excluded from the Post Office revenue and paid over to the Inland Revenue Department. The estimate is based on the issues of twopenny stamps during the preceding year.