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THE NEW ZEALAND BROADCASTING BOARD. Revenue Account foe the Year ended 31st December, 1934. Expenditure. Income. £ s. d. To Expenditure on programmes, including payments to artists, performing rights, £ s. d. By License fees .. .. .. .. .. .. .. .. 164,928 10 8 relay lines, music, salaries and expenses of programme staff, records, stationery, Net interest .. .. .. .. .. .. .. .. 1,599 8 4 and" sundry miscellaneous items .. .. .. .. .. 46,167 13 10 Proceeds from sale of assets previously written off .. .. .. .. 796 Maintenance of plant, power, salaries of engineering and operating staffs .. 11,797 18 1 General expenses, including rent, rates, insurance, lighting, heating, legal, audit, printing, stationery, salaries and wages, telephones, travelling-expenses, repairs and maintenance of buildings, and sundry miscellaneous items .. .. 12,749 8 2 Administration salaries and expenses, including expenses of Advisory Council .. 6,017 0 1 Subsidies to " B " stations .. .. .. .. •• .. 2,518 13 4 Depreciation of assets .. .. .. .. ■. • • • • 23,348 0 2 Appropriation towards meeting capital expenditure .. .. .. .. 60,000 0 0 Balance .. .. .. •• •• 3,936 14 10 £166,535 8 6 £166,535 8 6 Balance-sheet as at 31st December, 1934. Liabilities. Assets. I. Accumulated Fund— £ s. d. £ s. d. I. Land and buildings— £ s. d. £ s. d. Balance at Ist January, 1934 .. .. .. .. 40,357 0 0 Value at Ist January, 1934, less depreciation .. .. 22,751 2 0 Balance of Revenue Account at 31st December, 1933 .. 2,393 2 2 Additions during 1934 at cost .. .. .. .. 52,266 1 7 Appropriation from Revenue Account towards meeting capital 75,017 3 7 expenditure .. .. .. .. .. 60,000 0 0 11. Machinery and plant— 102,750 22 Value at Ist January, 1934, less depreciation .. .. 12,702 6 11 11. Reserve for renewals and replacements .. .. .. .. 14,000 0 0 Additions during 1934 at cost, less depreciation .. .. 23,993 17 5 111. Liability to Post and Telegraph Department, fixed by Minister of 36,696 4 4 Telegraphs as price of assets acquired .. .. .. 59,839 17 2 111. Office and studio equipment— Less repayments .. .. .. .. .. 25,039 17 2 Value at Ist January, 1934, less depreciation .. .. 4,869 0 11 34,800 0 0 Additions during 1934 at cost, less depreciation .. .. 2,554 11 2 IV. Sundry creditors .. .. .. .. .. .. 34,858 6 1 7,423 12 1 V. Revenue Account: Balance at 31st December, 1934 .. .. .. 3,936 14 10 IV. Stocks on hand .. .. .. .. .. .. .. 356 22 V. Sundry debtors and prepayments.. .. . . .. .. 1,443 9 5 VI. Post and Telegraph Department— License Fees Account.. .. .. .. .. 16,928 10 8 Investment Account .. .. .. .. .. 45,000 0 0 61,928 10 8 VII. Cash at bank and in hand— At bank .. .. .. .. .. .. 7,310 0 10* In hand .. .. .. .. .. .. 170 0 0 7,480 0 10 £190.345 3 1 £190,345 3 1 H. D. Vickery, Chairman. Geo. R. Hutchinson "1 T , t Leslie Macfarlane j Members of the Board. E. C. Hands, General Manager. I hereby certify that the Revenue 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. H. Fowler, Deputy Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (615 copies), £7.

By Authority: G. H.Loney, Government Printer, Wellington.— 1935.

Price 6d.~\

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