WHAT REVENUE?
EXAGGERATED STATEMENTS. — "% The increase in the number of licen. ses has been tle cause of a misconcep tion in regard to the revenue of the Broadcasting Company. The fact is lost sight of that, as the figures now stand, a large proportion of the licenses are for only portion of the year. Licenses in New Zealand are taken ont only to the end of the financial year, which ends on March 31, so that as a cottsequence many of the 40,000 licenses are only for three or six months, and they, all expire on March 31. When, therefore, it has been stated that as the Jicenses totalled 40,000 the company’s revenue was £50,000, the revenue has been greatly exaggerated.
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https://paperspast.natlib.govt.nz/periodicals/RADREC19280309.2.24
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Radio Record, Volume I, Issue 34, 9 March 1928, Page 5
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121WHAT REVENUE? Radio Record, Volume I, Issue 34, 9 March 1928, Page 5
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