11 -1 [FT. IV

NATIONAL BROADCASTING SERVICE. Revenue Account for the Year ended 31st March, 1940. Expenditure. Income. ... ... . , . s - d- £ s. d. £ s, d. Expenditure on programmes, including salaries of License fees .. .. 390,430 1 1 programme staff .. .. .. .. 110,410 7 3 Less license fees paid in advance 9,959 15 4 Maintenance of plant, including salaries of engi- _ neering and operating staffs .. .. 41,318 3 2 380,470 5 9 General administrative and running expenses, Less refunds of unexpired including salaries of administrative and clerical portion of radio license fees 270 18 5 staffs .. .. .. .. 33,724 9 4 380,199 7 4 Expenditure on New Zealand Listener .. .. 30,437 4 2 Receipts from New Zealand Listener .. .. 18 096 4 9 Subsidies to "B" stations .. .. .. 202 10 0 Interest .. .. .. .. .. 8 745 9 4 Payments to stations operated under contract .. 1,113 5 4 Rents .. .. .. ' U5O 12 8 Contribution to Public Service Superannuation Fund .. .. .. .. .. 614 0 4 Contribution to Radio Research Committee .. 1,565 4 0 Depreciation of assets .. .. .. 47,766 4 4 Balance transferred to Accumulated Fund .. .140,840 6 2 £407,991 14 1 £407,991 14 1

Balance-sheet as at 31st March, 1940. Liabilities. Asset*. £ 8 . ,|. I. Accumulated Fund— £ h. d. £ s. d. I. Land and buildings .. .. .. 171,859 17 8 Balance as at Ist April, 11. Machinery and plant .. .. .. 72,123 10 9 1939 •• •• 557,522 0 3 111. Office and studio equipment .. .. 20*215 2 8 Transfer from Revenue IV. Newsprint stocks .. .. .. 5,586 15 0 Account .. .. 140,840 6 2 V. "B" station purchases .. .. 0 0 698,362 12 5 VI. Works in progress .. .. .. 4 (SOB 12 2 11. License fees paid in advance .. 9,959 15 4 VII. Sundry debtors and pre111. License fees in hands of Post payments and Telegraph Department .. 112,465 311 Departmental (license £ s. d. IV. Sundry creditors— fees, &c.) .. .. 125,550 18 10 Departmental .. .. 15,760 .12 5 Other .. .. 2,380 15 0 Other.. .. .. 4,590 18 2 127,-931 13 10 ■ ————• 20,351 10 7 VIII. Temporary investment .. 290,000 0 0 Accrued interest thereon 2,205 9 3: 292,205 9 3 IX. National Commercial Broadcasting Service (advances, interest, and copyright fees) .. .. 77,025 10 7 X. Cash in bank— Broadcasting Account 64,527 14 4 Broadcasting Imprest Account .. .. 54 16 0 64,582 10 4 £841,139 2 3 £841,139 2 3

James Shelley, Director of Broadcasting.

I hereby certify that the Revenue 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. Cyril G. Collins, Controller and Auditor-General.

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