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Fixed Assets (Expenditure)

Volume 649: debated on Tuesday 21 November 1961

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asked the Postmaster-General whether, in the light of current expenditure on telephone development, he is satisfied that capital expenditure planned for 1961–62, as shown in the official publication entitled "Post Office Prospects, 1961–62", is adequate to meet the growing requirements; and if he will make a statement.

The Post Office plans to spend £119 million on fixed assets in 1961–62. This is sufficient to maintain last year's level of expenditure on new telephone connections and generally to make good progress.