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Capital Expenditure

Volume 649: debated on Tuesday 21 November 1961

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asked the Postmaster-General whether he will state the proposed figures of capital expenditure planned for the Post Office for the years 1961–62, 1962–63, 1963–64 and 1964–65, respectively.

Present plans envisage capital expenditure on fixed assets of £119 million in 1961–62 and £129 million in 1962–63. I hope that a further increase will be possible in the succeeding two years.