BROADCASTING SERVICE
BALANCE SHEET SHOWS PROFIT [From Our Parliamentary Reporter.] WELLINGTON, August 24. The balance sheet of the National Broadcasting Service presented to Parliament shows an accumulated fund of £557,552, of which £101,926 'has been loaned to the commercial service at interest of 4 per cent. Out of a revenue of £360.961 the expenditure on programmes and programme staff was £122,426, • and the amount transferred to reserve was £115,905. Four private broadcasting stations were purchased during the year for £4,827, leaving two subsidised by the Government and two operated under contract. Capital expenditure included £29,273 for the Hawke’s Bay transmitting station and Napier studio; £23,405 on Southland station, and £11.514 expended on the purchase of a Dunedin building to be reconstructed as a studio and office. , The commercial radio service snows a £10,596 profit, reducing the total losses to £2,709. The fire at the Christchurch station caused losses of £6,670.
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https://paperspast.natlib.govt.nz/newspapers/ESD19390825.2.17
Bibliographic details
Evening Star, Issue 23354, 25 August 1939, Page 3
Word Count
150BROADCASTING SERVICE Evening Star, Issue 23354, 25 August 1939, Page 3
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