Telephone Subscribers' Deposits.

Oral Answers to Questions — Post Office. – in the House of Commons on 5th July 1934.

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Photo of Sir Smedley Crooke Sir Smedley Crooke , Birmingham Deritend

50.

asked the Postmaster-General the amount held by the Post Office from telephone sub- scribers' deposits at the end of 1933; and the approximate amount of revenue derived as interest on the deposits for the year 1933?

Photo of Mr Ernest Bennett Mr Ernest Bennett , Cardiff Central

The amount was £2,936,519. No part of the deposits is invested, the money being largely used as working capital and consequently no interest is received.