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NATIONAL COMMERCIAL BROADCASTING SERVICE. Revenue Account for the Period 2nd October, 1936, to 31st March, 1937. Expenditure. £ s. d. Income. £ s. d. Expenditure on programmes, including payments Sales of station time .. .. .. .. 6,462 6 8 to artists, hire of special recordings, relay lines, Excess of expenditure over income .. .. 4,566 13 9 and sundry miscellaneous items .. .. 724 3 11 General administrative and running-expenses, including rents, rates and insurance, lighting, heating and power, legal and audit, printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings, plant, and office and studio equipment, commission, and sundry miscellaneous items .. .. .. 9,754 1111 Interest .. . . .. .. .. 75 7 1 Reserve for bad debts .. .. .. 324 17 6 Depreciation on records .. .. . . 150 0 0 £11,029 0 5 £11,029 0 5 Balance-sheet as at 31st March, 1937. Liabilities. £ s. d. Assets. £ s. d. Broadcasting Account: Expenditure to date on Machinery and plant .. .. .. .. 6,051 7 1 commercial stations, less receipts from operations 11,270 14 3 Office and studio equipment, including furniture, Advertising paid in advance .. .. .. 65 10 6 typewriters and duplicating machines, library, Creditors — £ s. d. music, blocks, and photographs .. .. 805 5 2 Sundry .. .. .. 2,733 4 7 £ s. d. Government Departments .. 497 3' 9 Records .. .. .. 1,164 17 4 Commission .. .. 1,040 4 0 Less depreciation .. .. 150 0 0 4,270 12 4 — 1,014 17 4 Stock : Spares, Station 2ZB .. .. 402 15 5 Sundry debtors .. .. .. 3,090 15 10 Less Reserve for Bad Debts .. 324 17 6 2,765 18 4 Excess of expenditure over income for the period 2nd October, 1936, to 31st March, 1937 . . 4,566 13 9 £15,606 17 1 £15,606 17 1 NOTES. Contingent Liability.—Purchase price of Station IZB, Auckland, the value of which is not included in the accounts. Asset Values. —Cost price has been taken throughout, and no depreciation has been provided, excepting on gramophone records. Purchases related almost wholly to the latter part of the year, as the plant and chattels of the only operating station, IZB, Auckland, had not been taken on charge, pending settlement of purchase price. Stock of Spares.—Spares and replacement parts for technical equipment, Station 2ZB, Wellington, purchased in March, have been included at cost. Expenditure of this nature at Station IZB, Auckland, has not been included, as stock was not taken. W. J. Crowther, Business Manager. 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, subject to the departmental notes enfaced thereon.—Cyril Gr. Collins, Deputy Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (750 copies), £14 10s.

By Authority: E. Y. Paul, Government Printer, Wellington. —1937.

Price 6d.'\

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