Accounts (Deposits)

11.

Sir Wavell Wakefield
asked the Postmaster-General the amount of money held by his Department on deposit against telephone accounts at the latest convenient date.

The Postmaster-General (Mr. Wilfred Paling)
The amount of deposits by telephone subscribers held by the Post Office on 31st December, 1948, was £751,000.

Sir W. Wakefield
In view of the substantial amount held on deposit, will the Postmaster-General consider reducing the amount asked for from telephone subscribers?

Mr. Paling
We do not ask for the £1 deposit that we used to ask for before 1934. This amount has been diminishing every year, and is now very much less than it ever was.