B.—l [Pi. IV]

NATIONAL BROADCASTING SERVICE Revenue Account for the Year ended 31st March, 1911 Expenditure £ Income £ Expenditure on programmes, including salaries of pro- License fees .. .. .. .. 434,067 gramme staff .. .. .. .. .. 101,846 Receipts from New Zealand Listener.. .. ~ 34,544 Maintenance ofplant, including salaries of engineering and Interest .. .. .. .. .. .. 18,632 operating staffs .. .. .. .. .. 69,880 Rent .. .. .. .. .. 803 General administrative and running expenses, including Commercial Division: Technical services .. .. 24,428 salaries of administrative and clerical staffs .. .. 44,864 Expenditure on New Zealand Listener .. .. 27,319 Subsidies to " B " stations .. .. .. .. 210 Payments to stations operating under contract .. 1,002 Broadcasting units with the N.Z.E.F. overseas .. 4,428 Troop entertainment and welfare in New Zealand .. 5,818 Contribution to Public Service Superannuation Fund .. 714 Depreciation of assets .. .. .. .. 29,082 Balance, transferred to Accumulated Fund .. .. 227,311 £512,474 £512,474 Balance-sheet as at 31st March, 1944 Liabilities £ £ Assets £ Accumulated Fund .. .. .. 1,454,629 Land and buildings .. .. ~ .. 159,957 Transfer from Revenue Account .. 227,311 Machinery and plant .. .. .. .. 17,360 — 1,681,940 Office and studio equipment .. .. .. 21,373 License fees paid in advance in hands of Post and Newsprint and stocks.. .. .. .. 9,292 Telegraph Department .. .. 80,911 "B" station purchases .. .. 1,000 Sundry Creditors .. .. .. 18,357 Works in progress and stocks of Technical equipment and valves .. .. .. 22,378 Sundry debtors and prepayments .. .. 95,145 £ Temporary investments .. 1,400,000 Accrued interest thereon .. .. 1,208 1,401,208 Cash at bank— Broadcasting Account .. .. 48,601 Broadcasting Imprest Account 4,894 53,495 £1,781,208 £1,781,208 James Shelley, Director of Broadcasting. G. H. Stringer, M.Com., A.R.A.N.Z., Acting-Accountant. 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.

3- B. 1 [FT, IV]

17