Note 57 — Chapter V · None of Mr. Scudamore’s Financial Forecasts Were Realized
Reading edition
The penny postage was introduced on December 5, 1839.
Letters Carried Gross Revenue Net RevenueA
1839 76,000,000 11,955,000 8,170,000
1840 169,000,000 6,795,000 2,505,000
1845 271,000,000 9,440,000 3,810,000
1850 347,000,000 11,325,000 4,020,000
1859 545,000,000 16,150,000 7,230,000
1863 642,000,000 19,350,000 8,950,000
A The British Post Office does not charge itself with interest upon the capital invested in the postal business; it charges itself only with interest upon the capital borrowed on account of the telegraphic business.