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Balance-sheet as at 31st March, 1950 Liabilities £ Assets £ Creditors .. .. .. .. .. .. 9,657 Cash in bank .. .. .. •• •• •• 55,251 Deposit Account .. .. .. .. .. .. 229 Cash on deposit .. .. .. • • • • • • 229 Revenue received in advance .. .. .. .. 1,094 £ Provision for taxation .. .. .. .. .. 19,200 Debtors and prepayments .. .. •• 41,936 Writings off provision .. .. .. .. .. 284 Less provision for bad debts .. .. .. 459 Appropriation Account .. .. .. .. .. 213,655 41,477 Investments in New Zealand Government securities .. 110, 000 Office and studio equipment .. .. .. •• 36,878 Assets in Suspense .. .. . • • • • • 284 , 119 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.

Approximate Cott of Paper.—Preparation, not given; printing (799 copies), £52 10s.

By Authority: R. E. Owkn, Government Printer, Wellington.— 1950.

Price 9d. 1

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