New Zealand Post - History

History

The company was created on 1 April 1987 as a State-Owned Enterprise from the corporatisation of the New Zealand Post Office, a government department, following the recommendations of the 1986 Mason-Morris Review. The other state-owned enterprises formed from the New Zealand Post Office: the erstwhile monopoly telephone operator (Telecom Corporation of New Zealand Limited), and a savings bank (PostBank), were later privatised.

New Zealand Post began its life with 1,244 post offices, later rebranded as PostShops. Of these 906 full post offices and 338 postal agencies, 600 post offices or bank branches were downsized or closed after government subsidies expired in February 1988. As of March 1998, there are 297 PostShops, and 705 Post Centres. However, there are now more outlets than before corporatisation, with 2,945 other retailers of postage stamps. There has been a reduction in the 'real' price of postage, with a nominal drop of the postage rate from 45 cents (NZD) to 40 cents in 1996, and restoration of the 45 cent rate in 2004. Since then the cost has risen twice, to 50 cents in 2007 and to 60 cents in 2010.

Read more about this topic:  New Zealand Post

Famous quotes containing the word history:

    Social history might be defined negatively as the history of a people with the politics left out.
    —G.M. (George Macaulay)

    All history and art are against us, but we still expect happiness in love.
    Mason Cooley (b. 1927)

    The foregoing generations beheld God and nature face to face; we, through their eyes. Why should not we also enjoy an original relation to the universe? Why should not we have a poetry and philosophy of insight and not of tradition, and a religion by revelation to us, and not the history of theirs?
    Ralph Waldo Emerson (1803–1882)