§ Mr. DAYasked the Chancellor of the Exchequer whether he can give the estimated loss of revenue to the Exchequer if the penny postage for letters and the halfpenny postage for postcards were introduced in the United Kingdom?
§ Major TRYONI have been asked to reply. The estimated loss of revenue on existing traffic and under present conditions1110W would be £7,300,000 on letters and £800,000 on postcards, making a total of £8,100,000. This loss of revenue would probably be reduced by about £600,000, the estimated amount of the net profit on new traffic and on the diversion of existing traffic to a higher rated category.