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1930. NEW ZEALAND
POST AND TELEGRAPH DEPARTMENT (REPORT OF THE) FOR THE YEAR 1929-30.
Presented to both Houses of the General Assembly by Command of His Excellency.
To His Excellency the Right Honourable Baron Bledisloe, P. 0., G.O.M (!., K.B.E. May it please Your Excellency,— I have the honour to submit to Your Excellency the report of the Post and Telegraph Department for the year ended 31st March, 1930. RECEIPTS AND PAYMENTS. The revenue collected during the year exceeded that for the previous year by £196,075. The sum received was £3,641,620, as compared with £3,445,545 for 1928-29. The working-expenses amounted to £3,111,199, while an amount of £500,000 was invested for the purpose of renewal, and replacement of existing assets, thus leaving a balance of receipts over payments of £30,421. Interest on capital liability, which is included in the working-expenses, totalled £481,000, an increase of £53,000 on the amount paid for the previous year. SAVINGS-BANK. Although the withdrawals from the Post Office Savings-bank exceeded the deposits by £1,014,140, the respective figures being £29,575,994 and £28,561,854, the sum at the credit of depositors increased by over £750,000, the interest credited depositors amounting to £1,806,414. The total sum at the credit of depositors is now £49,436,491, the per capita average for the Dominion being approximately £33 4s. STAFF. I am pleased to report that excellent service continues to be rendered by the officers of the Department, and that there has been no diminution in the high standard of efficiency attained in previous years. This efficiency is due to the
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