£75,000 MORE FOR B.B.C.

Radio Record, Volume I, Issue 48, 15 June 1928, Page 3

£75,000 MORE FOR B.B.C.

eee HOW WILL IT BE SPENT? PCRING this financial year the British Broadcasting Corporation will receive from the Post Office £880,000-£75,000 more than the total grant it has received in the current year. The first full year’s working of the corporation (which replaced the old British Broadcasting Company in December, 1926) comes to an end on April 5, and it is anticipated by then that the number of wireless licenseholders will have reached 2,487,000, 1t is on the basis of this figure that the estimated increase in the B.B.C.’s revenue is based. From the total amount received by wireless licenses, the Post Office deducts 123 per cent. for the cost of collection, then takes 10 per cent. of the balance in respect of the first million licenses, 20 per cent. in respect of the second million, and 30 per cent. in respect of the third. The remainder | of the money is handed over to the B.B.C. The steady growth in the constituency, for which the B.B.G. eaters is shown by the fact that three months ago, the number of license-holders stood at 2,383,726, while in December, 1926, it was 2.178.259, Under the pre|sent sliding scale, the State will be assured of a revenue of more than £250,000 a year from the deductions made by the Post Office. During the last year of its working, the old B.B.G. had a revenue of £730,000, and it is interesting to recall that when the present corporation was formed, Lord Clarendon, the chairman, expressed the doubt whether the estimated revenue they would enjoy (£800,000), would be sufficient for the proper development of the B.B,C, "on progressive lines." |