B —l [Pt. IV]

Liabilities £ Assets ■ £ Creditors .. .. .. .. .. .. 46,007 Office and studio equipment, including furniture, typewriters, Revenue received in advance .. .. .. .. 401 office mechanical appliances, and library .. .. 16,513 Deposit Account.. .. .. .. .. .. 147 Records and music .. .. .. .. .. 2,092 Reserve for taxation .. .. .. .. .. 86,000 Payments in advance .. .. .. .. .. 59 Writings off reserve .. .. .. .. .. 95 Unplayed episode features .. .. .. .. 2,625 Income and Expenditure Account .. .. .. 71,741 Stock .. .. .. .. .. .. .. 1,723 £ Debtors .. .. .. .. ..33,159 Less reserve for bad debts .. .. .. 485 32,674 Investments in New Zealand Government securities .. .. 120,000 Cash in bank .. .. .. .. .. .. 28,463 Cash on deposit .. .. .. .. .. .. 147 Writings off, Suspense .. .. .. .. .. 95 £204,391 £204,391 James Shelley, Director of Broadcasting. E. L. Hutchens, A.R.A.N.Z., Acting-Accountant (Commercial Division). I hereby certify that the Income and Expenditure 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. P. Rutherford, Controller and Auditor-General.

NATIONAL BROADCASTING SERVICE— continued, COMMERCIAL DIVISION— continued Balance-sheet as at 31st March, 1945

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