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Tuesday, 10 October 1972
Page: 1398

Senator WILKINSON (WESTERN AUSTRALIA) asked the Minister representing the Postmaster-General, upon notice:

Does the Annual Report of the PostmasterGeneral's Department indicate that the revenue of the Department is $ 1,000m and as the expenditure of this revenue is not included in the Estimates will the Postmaster-General inform the Senate in what way the expenditure can be examined, so as to ascertain the necessity for charges curently being imposed by the Department.

Senator GREENWOOD- The PostmasterGeneral has provided the following answer to the honourable senator's question:

The Annual Report of the Post Office for the year ended 30th June 1972, was presented to Parliament on Thursday, 28th September 1972. The Report reviews in detail the activities of the Department for 1971-72 and its financial position. The financial results of Post Office activities are reported in business terms, showing the profit or loss of both the telecommunication and postal services, a balance sheet reflecting the state of affairs at 30th June and a funds statement indicating the source and application of Post Office finances. The earnings for 1971-72 as shown in the Report amount to $858.5m from trading activities and $270m borrowings, in all$1, 128.5m.

Departmental officers will attend the hearings of the Senate Estimates Committee and provide further information and explanation when the Post Office estimates for 1972-73 are considered by that Committee.

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