asked the Postmaster-General what has been the ascertained loss on the telegraph branch of the Post Office for each of the last three financial years; and what proportion of that loss is estimated to be due to the granting of reduced rates for Press telegrams?
The Assistant Postmaster-General (Captain Waterhouse)
The losses on the telegraph service during the three years ended the 31st March, 1939, which are the latest years for which figures are available, were £635,600, £739,000 and £823,300, respectively. The proportions of those losses which it is estimated were attributable to the inland Press service are, 14, 11 and 8 per cent., respectively. These figures are arrived at after allocating to the Press traffic a proportion of the general expenses of the telegraph service. They do not purport to represent savings which would follow the cessation of Press telegrams.