Telephone Subscribers (Deposits).

Part of Oral Answers to Questions — Ireland. – in the House of Commons on 14th June 1922.

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Photo of Mr Frederick Kellaway Mr Frederick Kellaway , Bedford

The total amount held on deposit at the 31st March, 1922, was £1,441,000. The deposit usually represents approximately two-thirds of the credit given for calls, and the present system of payment is more favourable to subscribers than the previous arrangement, under which all local calls were paid for in advance and trunk calls, against which a deposit was held, monthly in arrear. Deposits are required, not merely as security, but in order to finance the service during the period for which credit is given.