B—l [Pt. IV]

NEW ZEALAND BROADCASTING SERVICE NATIONAL DIVISION Income and Expenditure Account for Year Ended 31st March, 1948 xr * j,, Expenditure £ Income t Net expenditure on programmes, including payments to Radio licence fees .. 47 0% 7 , artists, broadcasting rights, copyright fees, recorded pro- Interest on investments It'nit grammes, relay lines, and sundry miscellaneous items .. 107,043 Rents " " " o'o^V Expenditure on National Orchestra and concert £ Miscellaneous receipts !! 'of 7 LeL r ™«X-e o edr ,BartlßtS !! " {ft" Excess of income over expenditure * 3,93 1 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 .. .. .. . , jgg gg2 Payments to stations operated under contract and subsidies to " B " stations . . .. ~ _ _ _ j 279 Expenses in connection with the broadcasting units overseas and troop entertainment in New Zealand . . .. 2 345 Contribution to Radio Research Committee . . .. '5OO Depreciation provisions and writing down of assets .26 747 Balance carried down : Surplus for year .. .. .. ] 26 903 £507,320 . £507,320 ===== £ Balance ™ ajq mo Bajance brought forward from previous year .. .. 2,316,810 •• 443, 713 Balance brought down .. .. _ 226 903 £2 ' 443 ' 713 £2,443,713

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