Estimated Pension Liability for the year (The amount of Pensions paid in the VI. Telegraphs-continued. B.-NET REVENUE ACCOUNT for the Year ended 31 March 1923. EXPENDITURE. 1,815,378 Balance from Revenue Account (see page 18) year was £379,887.) Provision required for Depreciation during the 387,188 year 373,511 Arrears of Bonus paid to Post Office employees in 265,290 2,668,771 Deficit, apart from Interest, carried down 1,341,166 C.-DEPRECIATION ACCOUNT for the Year ended 31 March 1923. 1,696,836 Value of Plant permanently displaced during the year 2,672 Imperial Cable--accrued depreciation 190,706 4,519,328 4,800,118 Accrued depreciation on Plant taken 387,188 Transfer from Net Revenue Account (see above), 373,511 141,457 Sundry Debtors for outstanding Revenue 560,552 Cash in hand on Revenue Account H. N. Bunbury, Comptroller and Accountant General. I certify that the whole of the Post Office Telegraph Plant has, during the year ended 31 March 1923, been fully maintained in good and I certify the sum of £494,556, appearing above, as the value of the Stores in Stock at 31 March 1923. VII.-Telephones-continued. B.-NET REVENUE ACCOUNT for the Year ended 31 March 1923. EXPENDITURE. 789,235 Estimated Pension Liability for the year 1921-22. £ INCOME. 1922-23. £ 4,157,633 Balance from Revenue Account (see page 21) 116,979 Advertisements, Royalties and sale of Directories Arrears of Bonus paid to Post Office employees in respect of service with the Colours (House of Lords-Sutton v. Rex) 1,095,656 Balance carried down 305,052 2,980,317 £ 2,041,308 £ 1,095,656 Balance brought down 939,009 2,980,317 559,132 Deficit for the 1.654,788 C.-DEPRECIATION ACCOUNT for the Year ended 31 March 1923. Renewals, &c. during the year :- 13,556,197 Balance on 1 April 1922 Transfer from Net Revenue Account (see above), being the provision for Depreciation during the year £ 12,909,426 2,684,031 379,581 1,273,447 Supervision by Headquarter and Engineering Staff Local Wages 343,671 1,099,897 |