B—l [Pt. IV]

Balance-sheet as at 31st March, 1948 Liabilities £ Assets £ Creditors .. .. .. .. .. .. 32,070 Cash in bank .. .. .. .. .. .. 180,933 Appropriation Account .. .. .. .. 2,443,713 Debtors and prepayments .. .. .. .. 68,271 Works in progress, stock of technical equipment, disks, and needles .. .. .. .. .. .. 107,003 Newsprint stocks .. .. .. .. .. 6,615 Unplayed episodes of features .. .. .. .. 22,016 Investments in New Zealand Government securities .. 1,830,000 Land and buildings .. .. .. .. .. 162,026 Machinery and plant .. .. .. .. .. 62,958 Office and studio equipment .. .. .. .. 34,976 " B " station purchases . . .. ~ ~ 985 £2,475,783 £2,475,783 James Shelley, Director of Broadcasting. W. J. Crowther, Accountant. 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.

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