How to Pay for the War

The British Post Office is far and away the biggest business undertaking in the British Empire ; and it is none the less a business enterprise because it is a Government Department. It began with no capital, and (with the exception of 32 millions exclusively on telegraph and telephone account) it has no debt, although it now possesses many million pounds' worth of land, buildings and plant; and the enterprise, as a whole, which thus represents an extremely valuable national piece of saving, could certainly be sold, any day, on the basis of the annual profits, to an American or other capitalist syndicate for ;£ 100,000,000. It began by merely carrying a few letters for the King. It now performs dozens of different services for the use and convenience of the public, which vc willingly buy at the price of nearly ¿32,000,000 annually ; and no single purchaser at the Post Office shop ever doubts that he gets good value in return for his expenditure. Thus the £3 2,000,000 of Post Office rTab