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NATIONAL COMMERCIAL BROADCASTING SERVICE. Income and Expenditure Account fob the Year ended 31st March, 1938. Expenditure. £ s. d. £ s. d. Income. £ s. d. Expenditure on programmes, in- Sales of station time .. .. .. 98,418 12 8 eluding payments to artists, Miscellaneous .. .. .. .. 7 2 10 hire of special recordings, relay Balance carried down .. .. .. 7,386 17 5 lines, and sundry miscellaneous items .. .. .. 13,260 5 3 Less sundry programme charges borne by advertisers .. 3,214 13 3 10,045 12 0 Copyright .. .. .. .. .. 2,806 12 7 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, advertising, commission and sundry miscellaneous items .. 85,405,11 0 Interest .. .. .. .. . . 1,497 4 9 Depreciation . . .. .. .. 5,482 10 1 Reserve for bad debts .. .. .. 575 2 6 £105,812 12 11 £105,812 12 11 £ s. d. £ s . d. Balance brought down .. .. .. 7,386 17 5 Balance .. .. .. .. £11,953 11 2 Balance brought forward from previous year .. 4,566 13 9 £11,953 11 2 £11,953 11 2 Balance-sheet as at 31st March, 1938. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. Advances from Broadcasting Land and buildings .. .. 3,777 15 0 Account .. .. .. 80,269 19 6 Machinery and plant .. .. 31,299 11 10 Add accrued interest .. .. 1,497 4 9 Office and studio equipment, in81,767 4 3 eluding furniture, typewriters, Creditors — office mechanical appliances, and Sundry .. .. .. 2,441 510 library .. .. .. 23,126 11 2 Departmental .. .. 4,175 17 2 Purchase of Station IZB, Auckland 1,898 16 5. Public Works Department .. 15,649 19 6 —— Commission .. .. .. 3,604 2 9 60,102 14 5 — 25,871 5 3 Less depreciation reserve .. 4,202 14 4 Writings-off, Reserve .. .. .. 38 16 8 55,900 () 1 Records, blocks (advertising), I music, photographs, and script.. .. 4,734 5 3 Leasehold, Station IZB .. .. 51 15 0 Highcliffe relay installation .. .. 500 0 0 Stock of spares, machinery, and plant .. 3,205 15 5 £ s. d. Departmental debtors 27 3 4 Sundry debtors .. 30,727 4 6 30,754 7 10 Less reserve for bad debts .. 900 0 0 ■ 29,854 7 10 Deposit (Customs duty) .. .. 10 0 Payments in advance .. .. .. 5 0 0 Bank .. .. .. 1,432 14 9 Writings-off, Suspense .. .. .. 38 16 8 Income and Expenditure Account— Balance, 31st March, 1937 .. 4,566 13 9 Add excess of expenditure over income for year ended 31st March, 1938 .. .. 7,386 17 5 11,953 11 2 £107,677 6 2 £107,677 6 2 C. G. Scrimgeour, Controller. 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.

Approximate Cost of Paper,—Preparation, not given; printing (1,090 copies), £17 10s.

Authority: E. Y. Paul, Government Printer, Wellington. —1938.

Price 6d.]

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