Show MAil DEfiCIT R S DEEPER W L LUB La E Em U I Receipts Receipt Decrease Cost Coat Of or Franks Ocean And Air Service Service Ser Ser- Ser vice Grows Report Shows V WASHINGTON Postmaster General Brown in his report fc for forthe forthe the fiscal year ended in June 3 30 1932 reports 1 a athe as the Ule postal receipts for that fiscal year The audited expenditures expenditure were the gross deficiency deficiency deficiency de de- of revenues amounting t to This compares compare with receipts of audited expenditures of and a gross deficit of for the previous fiscal fisca year and represents an increase of in th the gross revenue revenue revenue rev rev- deficiency The cost of the ocean and al air airmail airmail mail mall subdivisions the free mail mat service for congress and the executive ex Co departments and other non nor postal functions enumerated Ii in act approved June 9 1930 amoun amount amounted ed cd to during the year so that the net postal deficit deficit de de- licit was This h han is isan an increase of over ove the net deficit of for the preceding year Throughout th the year the volume I decline of f the mails continued the I which began in 1930 following the trends rends of industry The revenues yore were less than in the fiscal year 1931 This coupled with the Ule fact that expenditures could not be reduced proportionately proportion proportion- in in- increase increase in- in accounts for the sharp crease rease in both the gross and thenet the thenet net let postal deficiency The depression has had its ef of- effect effect upon the postal finances and during luring the past two years postal receipts have fallen off from the high point of 1930 while in the Ule same period gross postal octal expenditures have been re reduced reduced re- re b but t resulting inn in inan inan an n increase of l in the annual gross revenue deficiency |