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Surplus

Volume 436: debated on Wednesday 30 April 1947

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asked the Postmaster-General whether in view of the surplus disclosed by the financial statement in excess of theĀ£12,500,000 a year provided for in the Bridgman Committee Report, he will now state whether it is the Government's intention in future to adhere to the Bridgman Committee Report.

Under Section 63 of the Finance Act, 1940, the enactments relating to the Post Office Fund cease to have effect until Parliament otherwise determines. I do not think that it is desirable to resume these arrangements until the revenues and expenditure of the Post Office have become more stable.