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B-114874 1 (1970-11-27)

handle is hein.gao/gaobabkqx0001 and id is 1 raw text is: / 7- 74 RESTRICTED - Not fo be released outside the General Accounting Offlce ecc,,, c o e ecllblc approval by the Office of , _ ajjo d o' which is kept , )os B ch, GAS WASHINGTON, D.C. 20548 /'0 I/ '4 B-I14874 RELEASED-' NOV 2 71970 Dear Mr. Chairman: As requested in your letter of May 19, 1970, we have examined into the cost of leasing versus the cost of Government ownership of mail-handling trailers in the New York City area. Our examination showed that the Post Office Department's leasing rates have declined from $7.25 a day in 1966 to $4.40 a day in fiscal year 1971 and that the average daily cost of Government-owned trailers in the year ended April 3, 1970, was $4.32. Since the cost of Government-owned trailers approximates the cost of leasing .in fiscal year 1971, we believe that, at the present time, there would be little or no financial benefit in acquiring additional trailers in the New York City area on a Government-owned basis. Because the leasing rates appear to fluctuate sharply from time to time and because Government costs also are subject to change, we believe that the Department should restudy these alternatives periodically to determine the most economical method of acquiring mail-handling trailers. Detailed comments on our study are enclosed. We have not requested the Department to review or to comment formally on the information in this report; however, the Department is being noti- fied of the release date and general subject matter of the report. We plan to make no further distribution of this report unless copies are specifically requested, and then we shall make distribution only after your agreement has been obtained or public announcement has been made by you concerning the con- tents of this report. We trust that the information furnished will be helpful. fel your Comptroller General of the United States Enclosure The Honorable Tom Steed Chairman, Subcommittee on Treasury, Post Office, and Executive Office Committee on Appropriations House of Representatives

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