B—l [Pt. IV]

Balance-sheet as at 31st March, 1948 Liabilities £ Assets £ Creditors .. .. . ■ •• •• •• 14,557 Cash in bank .. .. .. .. .. .. 27,396 Deposit Account .. .. .. .. • • 251 Cash on deposit .. .. .. . . .. .. 251 Revenue received in advance ........ 831 £ Provision for taxation .. .. .. .. .. 17,300 Debtors and prepayments .. .. ..33,880 Writings-off provision .. .. .. • • •. 73 Less provision for bad debts .. . . i. 459 Appropriation Account .. .. .. •• •• 179,349 33,421 Investments .. .. .. .. .. .. 120,000 Land and buildings .. .. .. .. .. 3,541 Machinery and plant .. .. .. .. .. 7,235 Office and studio equipment .. . . .. .. 20,444 Assets in Suspense .. .. .. .. .. 73 £212,361 £212,361 James Shelley, Director of Broadcasting. W. J. Crowther, Accountant. * 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.

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