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NATIONAL BROADCASTING SERVICE. Revenue Account foe the Yeae ended 31st March, 1940. Expenditure. Income. £ s. (1. £ 8. d. Expenditure on programmes, including salaries of £ s. d. License fees . . . . 390,430 I 1 programme staff .. .. .. .. 110,410 7 3 Less license foes paid in advance 9,959 15 I Maintenance of plant, including salaries of engineering and operating staffs .. .. 41,318 3 2 380,470 8 9 General administrative and running expenses. Lens refunds of unexpired including salaries of administrative and clerical portion of radio license fees 270 18 5 staffs 33,724 9 4 380,199 7 4 Expenditure on New Zealand Listener .. .. 30,437 4 2 Receipts from New Zealand Listener .. .. 18,096 4 9 Subsidies to "B" stations .. .. .. 202 10 0 Interest .. .. .. .. .. 8,745 9 4 Payments to stations operated under contract .. 1,113 5 4 Rents .. .. .. .. .. 050 12 8 Contribution to Public Servico Superannuation Fund .. .. .. .. .. 614 0 4 Contribution to Radio Research Committee .. 1, 565 4 0 Depreciation of assets .. .. .. 47,766 4 4 Balance transferred to Accumulated Fund .. 140,840 0 2 £407,991 14 1 £407,991 14 1 Balance-sheet as at 31st March, 1940. Liabilities. Assets. £ s. d. I. Accumulated Fund— £ s. d. £ s. d. I. Land and buildings .. .. .. 171,859 17 8 Balance as at Ist April, 11. Machinery and plant .. .. .. 72,123 10 9 Ji)3<j .. .. r>57,522 (i 3 111. Office and studio equipment .. .. 20,215 2 8 Transfer from Revenue IV. Newsprint stocks .. .. .. 5,586 15 0 Account .. .. 140,840 (i i V. "B" station purchases .. .. 5,000 0 0 098,362 12 5 VI. Works in progress .. .. .. 4,608 12 2 11. License fees paid in advance .. 0,95!) lfi 4 VII. Sundry debtors and pre111. License fees in hands of Post payments — and Telegraph Department .. 112,465 3 11 Departmental (license £ s. d. IV. Sundry creditors— fees, &c.) .. .. 125,550 18 10 Departmental.. .. 15,760 12 5 Other .. .. 2,380 15 0 Other.. .. .. 4,590 18 2 127,931 13 10 20,351 10 7 Vlll. Temporary investment .. 290,000 0 0 Accrued interest thereon 2,205 9 3 1 292,205 9 3 IX. National Commercial Broadcasting Service (advances, interest, and copyright fees) .. .. 77,025 10 7 X. Cash in bank— Broadcasting Account 04,527 14 4 Broadcasting Imprest Account .. .. 54 16 0 64,582 10 4 £841,139 2 3 £841,139 2 3 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. — Cyeil G. Collins, Controller and Auditor-General.

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