Let the capacity of the storage tank be \( x \) litres.
- Pipe P fills the tank in 10 minutes, so it fills \( \frac{x}{10} \) litres per minute.
- Pipe Q fills the tank in 6 minutes, so it fills \( \frac{x}{6} \) litres per minute.
- Pipe R draws out water at a rate of 34 litres per minute.
When all pipes are operating simultaneously, the net rate of change in the tank's water level is:
\[
\text{Net rate} = \left( \frac{x}{10} + \frac{x}{6} - 34 \right) \text{ litres per minute}.
\]
We are told that it takes 1 hour (or 60 minutes) to empty the tank. Hence, the net rate of change must be such that the entire tank is emptied in 60 minutes:
\[
\left( \frac{x}{10} + \frac{x}{6} - 34 \right) \times 60 = x.
\]
Step 1: Solve for \( x \).
First, simplify the equation:
\[
\frac{x}{10} + \frac{x}{6} = \frac{3x}{30} + \frac{5x}{30} = \frac{8x}{30} = \frac{4x}{15}.
\]
Thus, the equation becomes:
\[
\left( \frac{4x}{15} - 34 \right) \times 60 = x.
\]
Distribute the 60:
\[
\frac{240x}{15} - 2040 = x.
\]
Simplify the first term:
\[
16x - 2040 = x.
\]
Move all terms involving \( x \) to one side:
\[
16x - x = 2040,
\]
\[
15x = 2040.
\]
Now, solve for \( x \):
\[
x = \frac{2040}{15} = 120.
\]
Therefore, the capacity of the tank is \( \boxed{120} \) litres.