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Postal Orders

Volume 498: debated on Wednesday 9 April 1952

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20.

asked the Assistant Postmaster-General what was the profit on the issue of postal orders in 1951–52.

I would refer the hon. Member to my reply of 19th March to the hon. Member for Abertillery (Rev. LI. Williams).

In view of that reply, will the hon. Gentleman take steps to withdraw the Post Office (Amendment) Bill, in view of the intention further to increase the poundage on postal orders, which already show a substantial profit; or will he approach one of his hon. Friends so that an Amendment may be put down to the Bill that it "be read this day six months"?

Far from there being a substantial profit, there is an estimated deficit of £130,000.