TWO MILLION LISTENERS

Evening Post, Volume CXII, Issue 151, 23 December 1926, Page 18

TWO MILLION LISTENERS

THE NEW 8.8.C. SALARIES.

A White Paper has been issued which announces that the British Broadcasting Company is to b# bought out for £620,000.; All studio^, plant, and publications are included in the deal with the Government. The total includes a contribution of £548,464 to the company's revenue in respect of tho period from 31st March to 31st December, and £71,536 in respect of share capital, to be repaid in full, reports "The Post's" London correspondent.

A draft of the royal charter for which tho 'Postmaster-General proposes to apply states that the new Govornors and their salaries will be. Earl of Clarendon, Under-Secretary for Dominion Affairs (chairman), £3000; Lord Gainford, chairman of the 8.8.C. (vicechairman), £1000; Sir J. ,G. Nairne, director of the Bank of England, £700; Dr. M. J. Kendall, formerly headmaster of Winchester, £700; Mrs. Ethel Snowden, £700. : In addition the governors will be paid, expenses. Thoy will rotain office for five years. Mr. J. C. W. Keith, managing director of tho 8.8.C, will be director-genoral, at a salary to be fixed by the governors.

Among other things the now corporation may acquire copyrights in any literary, musical, and artistic works, plays, songs, gramophone records, news, and other matter, and any trade marks and trade names. It may collect news and establish and subscribe to news agencies.

The Postmaster-General, after deducting 12} per cent, on account of the cost of collection and administration from the amount received in rcspeut of licenses, will pay to the corporation r. sum equal to 90 per cent, in respect of tho first million licenses, 80 per cent, in respect of the second million, 70 per cent, in respect of the third million, and 60 per' cent, in respect of all additional liconses.

It is stated that more than two million persons in Great Britain and Northern Ireland have taken out licenses for receiving sets.