F.—3

NATIONAL BROADCASTING SERVICE. Revenue Account fob the Nine Months ended 31st March, 1937. Expenditure. £ s. d. Income. £ s. d. Expenditure on programmes, including payments License fees .. •• . • • • • 201 > 14 9 to artists and organizations, performing and Proceeds from sale of assets previously written oft 48 6 7 broadcasting rights, relay lines, salaries and ex- Interest .. .. • • • • • • 75 7 I penses of programme staff, artists' travellingexpenses, printing of educational booklets, and sundry miscellaneous items .. .. . • 56,028 19 8 Maintenance of plant, power, and salaries of engineering and operating staffs .. 15,784 19 5 General administrative and running-expenses, including rent, rates, insurance, lighting, heating, legal, audit, printing, stationery, salaries and wages of staff, telephone services, repairs and maintenance of buildings, office and studio equipment, and sundry miscellaneous items .. 17,427 4 1 Subsidies to "B" Stations .. 1,921 10 0 Running-expenses of Station IZB from Ist July, 1936, to 2nd October, 1936 .. .. • • 641 3 6 Depreciation of assets .. • • • • 14,945 8 0 Balance transferred to Appropriation Account .. 94,519 3 9 £201,268 8 5 £201,268 8 5 Appropriation Account. Transfer to Accumulated Fund .. .. £94,519 39 j Balance from Revenue Account .. .. £94,519 3 9 Balance-sheet as at 31st March, 1937. Liabilities. j^Lss&ts. t. Accumulated Fund— £ s. d. £ s. d. I. Land and buildings— £ s. d. £ s. d. Balance on Ist July, 1936 247,715 11 7 Balance on Ist July, 1936, Transfer from Appropria- less depreciation .. 93,615 3 tion Account .. 94,519 3 9 Additions to 31st March, 342 234 15 4 1937, at cost .. 23,951 15 2 11. Sundry creditors 11,528 17 7 117,506 18 10 IT. Machinery and plant — Balance on Ist July, 1936, less depreciation .. 42,805 11 11 Additions to 31st March, 1937, at cost, less depreciation . . 60,307 3 6 103,112 15 5 111. Office and studio equipment — Balance on Ist July, 1936, less depreciation .. 6,716 11 9 Additions to 31st March, 1937. at cost, less depreciation .. .. 6,794 9 7 13,511 1 4 IV. Deposit on purchase price of Station IZB .. .. .. 750 0 0 V. Work in progress .. .. 2,433 11 7 VI. Sundry debtors and prepayments .. .. .. 4,779 1 0 VII. National Commercial Broadcasting Service — Net amount advanced for running - expenses and capital expenditure to 31st March, 1937 .. 14,721 1 1 Less advertising revenue received up to 31st March, 1937 .. 3,450 610 11,270 14 3 VIII. Cash in bank — Broadcasting Account .. 98,410 3 5 Broadcasting Imprest Account .. .. 1,929 7 1 100,339 10 6 £353,763 12 11 £353,763 12 11 James Shelley, Director of Broadcasting. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. —J. H. Fowler, Controller and Auditor-General.

7