Balance-sheet as at 31st March, 1949 Liabilities £ Assets £ Creditors .. .. . . .. .. .. 12,377 Cash in bank .. .. .. .. .. .. 9,096 Deposit Account .. .. .. .. .. 505 Cash on deposit .. .. .. .. .. ... 'sos Revenue received in advance .. .. .. .. 591 Imprests outstanding .. .. .. .. .. 3 Provision for taxation .. .. .. .. .. 30,700 £ Writings-off provision .. .. .. .. .. 76 Debtors and prepayments .. .. .. 33,406 Appropriation Account .. .. .. .. .. 201,070 Less provision for bad debts .. .. .. 459 32,947 Investments in New Zealand Government securities .. .. 110,000 Land and buildings .. .. .. .. .. 9,765 Machinery and plant .. .. .. .. .. 54,576 Office and studio equipment .. .. .. .. 28,351 Assets in Suspense .. .. .. .. .. 76 £245,319 £245,319 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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Approximate Cost of Paper.—Preparation, not given ; printing (789 copies), £4S. By Authority: E. E. Owen, Government Printer, Wellington.— 1949. Price 9d .]

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