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Wednesday, 31 May 1972
Page: 2377

Senator McLAREN (SOUTH AUSTRALIA) - I want to raise a certain matter again. I refer to an answer given by the Minister for Civil Aviation (Senator Cotton) about the ever increasing deficit in the operations of the Post Office. I asked a question about the increased postal charges. I notice in the Estimates that the original estimate was $255m. The Government now is seeking an extra $15m, making a total payment of $270m to the Post Office Trust Account. My query relates to the fact that this money has been collected by the Treasury from the taxpayers of Australia. The money then is passed over to the Post Office Trust Account for the operations of the Post Office. Then, for some reason best known to the Government, the taxpayers are called upon to pay a further interest charge on money already gathered from them to run government operations. How much of this sum of $270m represents interest charges and how is this offset against the deficit at which the Post Office is running at the present time?

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