Income and Expenditure

HC Deb 23 April 1956 vol 551 c122W

Mr. K. Robinson

asked the Postmaster-General the income and expenditure now expected on postal, telephone, and telegraph accounts, respectively, for the years 1956–57 and 1957–58, on the basis used in Table IV of the Report on Post Office Development and Finance, Command Paper No. 9576.

Dr. Hill

The estimated income and expenditure, on a commercial basis, for 1956–57 is as follows:

—	Postal	Telegraph	Telephone	Total
	£m.	£m.	£m.	£m.
Income	169	18	166½	353½
Expenditure	170	21½	159	350½
Surplus (+) or Deficit (-)	-1	-3½	+7½	+3

Estimates in equivalent detail for 1957–58 have not yet been completed. On present indications, however, the trading results for that year might be roughly similar to those for 1956–57.