Telephone Subscribers' Deposits.

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

Alert me about debates like this

Photo of Sir Smedley Crooke Sir Smedley Crooke , Birmingham Deritend


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.