£10,000 PROFIT

Grey River Argus, 28 August 1939, Page 9

£10,000 PROFIT

i COMMERCIAL RADIO STATIONS. I WELLINGTON. August 24. ■ An excess of revenue over expend!- j I lure of £10,597 16s 3d is shown in the i i balance-sheet of the National Com- : mercial Broadcasting Service for the! I year ended March 31 last, which is: I published hi the annual report on the! national broadcasting services. The' report, which was presented, in I he ; House of Representatives to-day. ' states that expenditure exceeded re-i venue b.v £27,387 in the previous year. I The commercial service’s indebted- I ness to the national service is stated; in the section of the report dealing ; with the latter service to have amounted to £101.926 al the ('nd of, the financial year. This sum included L advances, interest, and copyright fees. - The advertising revenue of the commercial service for the year amounted to £101.305, compared with £98,-' 407 in the previous year. The report stales that a most rigid censorship has been imposed by th? service on all advertising copy to : eliminate extravagant claims and nrs-i leading statements regarding products: or services. Advertising was not ac-i cepted for a number of products and services which were not deemed to be , in the public interest. The last year was the first complete . year of operation of the four main stations of the commercial service.: No special concessions were made In the service and full commercial rates were paid for telephones, relay lines, post and telegraph facilities, transport and all other services rendered. “During (he year four private sla- < lions were purchased at. a total cost of ,

1 £4827 7s 6d,” states part of the report ; dealing with the National Broadcasting Service. “There are now two staj lions being subsidised by- the Governj menl and two stations owned by the ■ Government being operated under contract. The need for an improve- : merit of studio accommodation in ! Wellington, Christchurch, and Dunei din has become more acute each year, jand progress has been made during , the year ai each of these centres. ■ Close touch is kepi with modern developments abroad, both in the matter iof studio design and technical progress. and all appropriate improvements are adopted as opportunity 7 offers." The capital expenditure of the National Broadcasting Service totalled £75,703, of which £29,273 was expended on the Hawke's Bay transmitting station and studios in Napier, The Southland station absorbed £23,405. and £11.514 was expended in the purchase of a building in Dunedin which is to be reconstructed and then used for ollice and studio purposes. A further £60,000 -was invested temporarily for future capital commitments. License fees realised £360,961. Expenditure on programmes amounted Io £12.901! in excess of the amount expended in Ihe previous year, chiefly ihrough additional stations being in operation. For the same reason the com of maintenance increased by £385ti. An additional sum of £ll.BlB was allowed for depreciation of assets.