Mr. ALFRED DAVIES (Clitheroe)asked the Postmaster-General when he proposes to reduce the present rates of postage; whether his attention has been drawn to the proposal to substitute 10 pennies for 12 pennies to the Is.; and, if adopted, will he state approximately what effect it would have upon Post Office revenue for 1922–23?
§ Mr. KELLAWAYThe reduction of postage rates, as I announced in my statement on the Post Office Estimates, will come into force at midnight on the 28th/29th May. My attention has been drawn to the proposal for a high-value penny, but I have no figures to show what would be the effect upon the Post Office revenue if it were adopted.