F.—3

NATIONAL BROADCASTING SERVICE. Revenue Account for the Year ended 31st March, 1941. Expenditure. Income. £ Expenditure on programmes, including salaries of £ License fees .. .. .. .. .. 425,751 programme staff .. .. .. .. 121,955 Receipts from New Zealand Listener .. .. 23,168 Maintenance of plant, including salaries of engineering Interest .. .. .. .. .. .. 12,059 and operating staffs .. .. .. .. 48,058 Bents .. .. .. .. .. .. 950 General administrative and running expenses, including salaries of administrative and clerical staffs .. 32,051 Expenditure on New Zealand Listener .. .. 28,537 Subsidies to " B " stations .. .. .. . . 210 Payments to stations operated under contract .. 1,016 Broadcasting unit with New Zealand Expeditionary Force overseas .. .. .. .. .. 4,457 Contribution to Public Service Superannuation Fund. 662 Contribution to Radio Besearch Committee . . .. 1,607 Depreciation of assets .. .. .. .. 41,030 Balance, transferred to Accumulated Fund .. .. 182,345 £461,928 £461,928 * Balance-sheet as at 31st March, 1941. Liabilities. Assets. £ I. Accumulated Fund— £ £ I. Land and buildings .. .. .. .. 174,519 Balance as at Ist April, 1940 .. 698,363 11. Machinery and plant .. .. .. 47,804 Transfer from Revenue Account .. 182,345 111. Office and studio equipment .. .. .. 20,343 880,708 IV. Newsprint stocks .. .. .. .. 3,706 11. License fees in hands of Post and Tele- V. " B'' station purchases .. .. .. 2,000 graph Department .. .. .. .. 126,606 VI. Worlts in progress .. .. .. .. 4,632 111. Sundry creditors — VII. Sundry debtors and prepayments— Departmental .. .. .. 11,782 £ Others .. .. .. .. 11,100 Departmental (license fees, &c.) .. 137,890 22,882 Other .. .. .. .. 3,105 140,995 VIII. Temporary investment .. .. 540,000 Accrued interest thereon .. .. 3,351 543,351 IX. National Commercial Broadcasting Service (advances, interest, and copyright fees) .. .. .. .. .. 40,108 X. Cash in Bank — Broadcasting Account .. .. 52,513 Broadcasting Imprest Account .. 225 52,738 £1,030,196 £1,030,196 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.—Cyril G. Collins, Controller and Auditor-General.

2—F. 3.

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