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Indiana State Sentinel
Indianapolis, Marion County, Indiana
What is this article about?
In England, the introduction of cheap postage has boosted Post Office net revenue by nearly 50% from 1840 to 1844, with gross revenue reaching £1,705,067 in 1844, up nearly £80,000 from 1843.
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"The gross revenue for the year 1844 was £1,705,067, giving an increase of nearly £80,000 as compared with 1843. The apparent increase in 1844, taking the Post-office returns for 1843 as the standard of comparison, is, in each case, more than double the amount here given; but as we stated at the time, those returns gave the revenue, both gross and net, too low by about £85,000. The actual increase in net revenue in 1844 is greater than for any year since the war, except 1825, when it was £92,000; and in 1836, when it was £81,000. From 1840 (the first year of penny postage) to 1844, the increase of net revenue is nearly fifty per cent."
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Foreign News Details
Primary Location
England
Event Date
Year 1844
Outcome
gross revenue for 1844 was £1,705,067, increase of nearly £80,000 over 1843; net revenue increase nearly fifty per cent from 1840 to 1844
Event Details
The effect of cheap postage in increasing Post office revenue in England is shown by late financial accounts, with net revenue increasing nearly fifty per cent from 1840 to 1844. Gross revenue for 1844 was £1,705,067, up nearly £80,000 from 1843, though 1843 returns were understated by about £85,000. The 1844 net revenue increase exceeds most years since the war, except 1825 (£92,000) and 1836 (£81,000).