BRITISH BROADCASTING
CORPORATION'S ANNUAL REPORT FUNDS NOT SUFFICIENT , Press Association —By Telegraph—Copyright LONDON, February 24. More money or poorer programmes is the ultimatum of the British Broadcasting Coropration, whose report for 1937 discloses that, despite an income of £3,356,000, the expenses, including those of television were so heavy that the corporation does not possess reserves or funds for replacements. It adds that the expenditure in 1938 will be higher owing to building twb new short-wave transmitters to enable foreign broadcasting. The corporation receives 76 per cent, of the license receipts, but experience has shown that this is required for sound broadcasting in order to maintain the standard of the programmes, on which the expenditure last year was £1,729,000, while the engineering expenses were £598,000. . . Simultaneously with the publication of the report the Treasury announced a supplementary estimate of £360,000 for television propaganda broadcasts.
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Evening Star, Issue 22892, 25 February 1938, Page 9
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143BRITISH BROADCASTING Evening Star, Issue 22892, 25 February 1938, Page 9
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