Isle of Man Post Office's profit sharing with Treasury is set to come under scrutiny in the House of Keys tomorrow (Tuesday).
South Douglas MHK Kate Beecroft wants to know when the arrangement was changed from handing over 50 per cent of its profits to a fixed ?2 million per annum, who was responsible for that change, and what the rationale for it was.
The question is for Post Office Chairman Graham Cregeen.
The arrangement was changed from the 2012/13 financial year, although the Post Office had been required to hand over money from its reserves to Treasury twice in the previous three years.
The total paid to Treasury in that time was ?8.6 million.
Mrs Beecroft says the fixed fee is odd, given the post office's falling profits:Clip 1
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