2—B-l [Pt. IV]

B—l [PT. IV]

Expenditure £ £ Income £ Expenditure on programmes, including payment to Sales of station time .. .. .. .. .. 274, 833 artists, hire of special recordings, relay lines, and Accreditation fees . . .. .. .. .. 20 sundry miscellaneous items .. .. .. 12,225 Service fees .. .. .. .. .. .. 2,142 Less sundry programme charges borne by advertisers 768 Interest on investments .. .. .. . . .. 3,377 1 1,457 Miscellaneous receipts .. .. .. .. .. 57 Broadcasting rights and copyright.. .. .. .. 7,397 Reduction of Bad Debts Reserve provided in previous years but General administrative and running expenses, including rents, not required .. .. .. .. .. .. 15 rates and insurance, lighting and 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, advertising, commission, and sundry miscellaneous items . . 152,947 Depreciation provision and writing down of assets .. .. 4,367 Balance carried down: Net profit for year .. .. 104,276 £280,444 £280,444 £ £ Donation to National Patriotic Fund .. .. .. 1,000 Balance brought forward from previous year .. .. 54,465 Reserve for taxation .. .. .. .. .. 86,000 Balance brought down .. .. .. .. 104,276 Balance .. .. .. .. .. •• 71,741 £158,741 £158,741

COMMERCIAL DIVISION Income and Expenditure Account for the Year ended 31st March, 1945

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