§ 38. Mr. Hector Hughesasked the Postmaster-General if he will specify the weaknesses existing in Post Office policy when he was appointed Postmaster-General and the steps he has taken, and
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Year Income Expenditure Profit (+) Loss (-) Estimated yield of rate increases in first 12 months of operation £m. £m. £m. £m. Inland Correspondence 1954–55 … … … 72.6 60.6 +12.0 — 1955–56 … … … 82.9 73.4 +9.5 1.1 1956–57 … … … 92.3 83.9 +8.4 9.1 1957–58 … … … 99.6 92.0 +7.6 8.2 1958–59 … … … 107.3 96.9 +10.4 6.8 Inland Parcels 1954–55 … … … 18.2 19.7 - 1.5 1.5 1955–56 … … … 17.8 21.3 - 3.5 0.6 1956–57 … … … 23.2 26.3 - 3.1 3.6 1957–58 … … … 24.8 28.1 - 3.3 1.9 1958–59 … … … 25.8 29.5 - 3.7 1.3 Inland Telegrams 1954–55 … … … 4.5 8.5 - 4.0 0.7 1955–56 … … … 4.4 7.4 - 3.0 0.1 1956–57 … … … 3.7 6.5 - 2.8 — 1957–58 … … … 3.3 6.4 - 3.1 — 1958–59 … … … 3.1 6.3 - 3.2 — plans to take, to remove and cure those weaknesses.
§ Miss PikeI would refer the hon. Member to the speech my right hon. Friend made when moving the Second Reading of the Post Office and Telegraph (Money) Bill on 13th November, 1959. I am sending him a copy.