B—l [Pt. IV]

NEW ZEALAND BROADCASTING SERVICE NATIONAL DIVISION Income and Expenditure Account for the Year Ended 31st March, 1947 . Expenditure £ Income £ Expenditure on programmes, including payments to artists, Radio licence fees .. .. .. .. .. 459,515 broadcasting rights, copyright fees, recorded programmes, Interest on investments .. .. .. .. .. relay lines, and sundry miscellaneous items .. .. 120,142 Rents .. .. .. .. .. .. .. 2,419 _ £ Miscellaneous receipts .. .. .. .. .. 464 Expenditure on National Orchestra .. .. 20,386 New Zealand Listener: Excess of income over expenditure .. 4,632 Less net concert proceeds .. .. .. 839 Net concert proceeds: Overseas artists .. .. .. 1,555 19,547 General administrative and running expenses, including rents, rates and insurance, lighting and heating, legal and audit, printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings and office and studio fittings, operation and maintenance of transmitting equipment, fees for technical trainees, and sundry miscellaneous items .. .. .. .. .. 170,558 Payments to stations operated under contract and subsidies to " B" stations .. .. .. .. .. 1,225 Expenses in connection with the broadcasting units overseas and troop entertainment in New Zealand .. .. 4,340 Contribution to Radio Research Committee .. .. 500 Depreciation provision and writing down of assets .. . . 18,416 Balance carried down: Surplus for year .. .. .. 155,907 £490,635 £490,635 £ £ Balance .. .. .. .. .. .. 2,316,810 Balance brought forward from previous year .. .. 2,160,903 Balance brought down .. .. .. .. .. 155,907 £2,316,810 £2,316,810

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