B. —1 [Pt. IV

THE NEW ZEALAND BROADCASTING BOARD. Revenue Account fob the Yeab ended 31st December, 1934. Expenditure. ... . Income. 1«4 £ Q9« io 's To Expenditure on programmes, including payments to artists, performing rights, £ s. d. By License fees .. .. .. • • • • • • • • • • > relay lines, music, salaries and expenses of programme staff, records, stationery, Net interest .. .. .. •• •••••• •• > Q « and sundry miscellaneous items .. .. .. .. •• 46,167 13 10 Proceeds from sale of assets previously written oil .. .. .. .. ' y 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 .. .. •• •• •• •• 23,34802 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 Decembee, 1934. Liabilities. Assets. Accumulated Fund— £ s. d. £ s. d. Land and buildings S ô 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 22 Additions during 1934 at cost .. i / Appropriation from Revenue Account towards meeting capital ' expenditure 60,000 0 0 Machinery and plant— r 102,750 22 Value at Ist January, 1934, less depreciation .. .. .. t> 11 Reserve for renewals and replacements.. .. .. •• •• 14,000 0 0 Additions during 1934, at cost, less depreciation .. .. 23,993 17 5 Liability to Post and Telegraph Department, fixed by Minister of ' Telegraphs as price of assets acquired .. .. •• 59,839 17 2 Office and studio equipment— „ Q „ T1 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 .. .. 2,504 11 z Sundry creditors .. .. ... »>. •=• — 34,858 6 1 22 Revenue Account: Balance at 31st December, 1934 „ _ ... 3,936 14 10 Stocks on hand ,S , e Sundry debtors and prepayments .. .. .. •• » Post and Telegraph Department— License Fees Account .. ■■ •• •• •• 16,928 10 8 Investment Account .. •• •• ■■ 45,000 0 0 -— — 61,928 10 o Cash at bank and in hand— At bank •• 7>310 0 10 (n hanrl . . • • • • 170 0 0 lllhand 7,480 0 10 £190,345 3 1 £190,345 3 1 H. D. Vickery, Chairman, Geo. R. Hutchinson \ Memberg of the Board . Leslie Maceablane J 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. Fowlee, Deputy Controller and Auditor-General.

71