B—l [Pt. IV]

COMMERCIAL DIVISION Income and Expenditure Account for the Year ended 31st March, 1946 Expenditure £ Income £ Expenditure on programmes, including payments to artists, Sales of station time .. .. .. .. 289,379 broadcasting rights, copyright fees, recorded programmes, Accreditation fees .. .. .. .. 21 relay lines, and sundry miscellaneous items .. .. 20,893 Interest on investments .. .. .. .. . . 3,294 General administrative and running expenses, including rents, Service fees .. .. .. .. ■ ~ 2 874 rates and insurance, lighting and heating, legal and audit, Miscellaneous|receipts .. .. .. .. .' '2 printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings and office and studio fittings, operation and maintenance of transmitting equipment, advertising, commission, and sundry .. .. .. 158,964 Depreciation provision and writing down of assets .. .. 8,467 Balance carried down : Net profit for year .. .. 107, 246 £295,570 £295^570 . £ r~ Donation to National Patriotic Fund .. .. ~ 1,000 Balance brought forward from previous year .. .. 71,741 Provision for taxation .. .. .. .. 82,000 Balance brought down .. .. .. .. 107,246 Less excess provided in previous year .. .. j 3,898 68,102 Balance .. .. .. .. .. .. 109,885 £178,987 £178,987

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