F—3

Balance-sheet as at 31st March, 1950 Liabilities £ ! " • Assets £ Creditors .. .. .. .. .. 27,459 Cash in bank .. •• •• 13,041 Appropriation Account .. .. .. .. 2,415,031 Debtors and prepayments .. .. .. .. 73,352 Works in progress and stock of technical equipment and stores 147, 749 Newsprint stocks .. .. .. .. .. 17,923 Unplayed episodes of features .. .. .. .. 35,708 Investments in New Zealand Government securities .. 1,390, 000 Land and buildings .. .. .. .. .. 284,134 Machinery and plant .. .. .. .. .. 419,733 Office and studio equipment .. ... .. .. 60,850 £2,442,490 £2,442,490 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. Wm. Yates, Director of Broadcasting. W. J. Crowther, A.R.A.N.Z., Accountant.

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