F-^-3

i• ' ..1 ■ NEW ZEALAND BROADCASTING SERVICE NATIONAL DIVISION Income and Expenditure Account for the Year Ended 31st March, 1950 Expenditure £ ' Income mi % lQ & Expenditure on programmes, including payments to artists, Radio licence lees .. .. • • ~ .. ' broadcasting rights, copyright fees, recorded programmes, Less Post and Telegrap epar me relay lines, and sundry miscellaneous items .. .. 155, 520 charges •• • • Concert section— , oi kko National Orchestra— £ Interest on investments •• Pay and travelling-expenses .. .. 77,090 Rents .. •• •• ;• " 'egg Expenses incidental to presentation of public Miscellaneous receipts .. .. •• 'V r " - concerts, including fees, travelling, and New Zealand Listener Excess of income over •. 5,077 incidental expenses of associated artists .. 7,396 Balance carried down: Excess of expenditure over income .. 58,265 84,486 Net cost of Grand Opera Company tour .. 2,470 Concert artists .. .. .. .. 4,118 91,074 Plus expenses of management .. 4,440 95,514 Less net concert proceeds .. .. .. 12,703 82,811 General administrative and running expenses, including rents, rates and insurance, lighting, 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 .. .. .. 319,350 Payments to station operated under contract and subsidies to " B " stations .. .. .. • • ■ • 798 Depreciation provision .. .. •• •• •• 48,023 £606,502 £606,502 £ £ Balance brought down .. .. .. -.. •• 58,265 Balance brought forward from previous year .. .. 2,473,296 Balance carried forward to next year .. • • .. 2,415,031 . . £2,473 ,296 " .,= : : £2,473,296

20