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(in continuation of Parliamentary Paper 7 of Session 1922);

TOGETHER WITH

THE REPORT OF THE COMPTROLLER AND

AUDITOR GENERAL.

General Post Office,

19 February 1923.

. }xEVILLE CHAMBERLAIN.

(Presented pursuant to Acts 10 & 11 Geo. 5, c. 37, s. 2, and 11 & 12 Geo. 5,

c. 52, s. 5.)

Ordered, by The House of Commons, to be Printed,

19 February 1923.

LONDON:
PUBLISHED BY HIS MAJESTY'S STATIONERY OFFICE.

To be purchased through any Bookseller or directly from

H.M. STATIONERY OFFICE at the following addresses: IMPERIAL HOUSE, KINGSWAY, LONDON, W.C.2, and 28, ABINGDON STREET, LONDON S. W 1; 37, PETER STREET, MANCHESTER; 1, ST. ANDREW'S CRESCENT, CARDIFF;

or 23, FORTH STREET, EDINBURGH,

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1.-TELEGRAPH CAPITAL AND ANNUAL CHARGE IN RESPECT

THEREOF.

(Since 1873 expenditure on Construction has been borne by annual Votes of Parliament.)

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11,907

(2) With the unexpended balance of the Post Office Telegraphs Capital

Account in August 1891
(3) With part of the proceeds of sale of a share in the Anglo-Dutch

Telegraph Cables, being the amount originally charged against
Capital® Account in respect of the cost of the Cables sold in
January 1899

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• Interest on the above sum at 2} per cent. for year to 5th January 1922,

being the charge for the Year ended 31st March 1922

271,691

do.

Surpluses remaining, after provision for the payment of the annual charge for Interest, as a Sinking Fund for the redemption of the Stock created on account of the Telegraph Service,

£ In the year ended 31st December 1870

47,425 Do.

1871

5,614 and the sum of £67,602 Stock, as shown above, was cancelled. (See Parliamentary Papers, Nos. 69 and 386 of 1872.) Since the year 1871 there has been no surplus.

The total net expenditure of Capital out of the money raised by the creation of the Stock referred to above was £10,129,687.

No new stock has been created subsequent to 1879.

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