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The British State Telegraphs

Note 60 — Chapter V · None of Mr. Scudamore’s Financial Forecasts Were Realized

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Garcke: Manual of Electrical Undertakings. The current issues report the amount of these royalties. The Report of the Postmaster General, 1885, p. 9, and Parliamentary Paper, No. 34, Session of 1901, state that these royalties are included in the gross revenue of the telegraphs.

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