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Expenditure.. Income. £ s . d. To Expenditure on programmes, including payments to artists, performing rights, £ s. d. By License fees .. .. .. .. .. .. .. .. 195,038 2 9 relay lines, music, salaries and expenses of programme staff, records, Net interest .. .. .. .. .. .. .. .. 2 006 10 6 stationery, and sundry miscellaneous items .. .. .. .. 61,596 18 7 Proceeds from sale of assets previously written oft .. .. .. .. 90 6 5 Maintenance of plant, power, salaries of engineering and operating staffs .. 14,025 0 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 .. 14,579 15 3 Administration salaries and expenses, including expenses of Advisory Council .. 7,463 5 6 Subsidies to " B " stations .. .. .. .. .. .. 2,622 0 0 Depreciation of assets .. .. .. .. .. .. .. 19,345 5 10 Appropriation towards meeting capital expenditure .. .. .. 75,000 0 0 Balance .. .. .. .. .. .. .. .. 2,502 14 5 £197,134 19 8 £197,134 19 8 Balance-sheet as at 31st December, 1935. I. Accumulated Fund— Liabilities. £ s. d. £ s. d. I. Land and buildings— Assets. £ s. d. £ s. d. Balance at Ist January, 1935 .. .. .. .. 102,750 2 2 Balance at Ist January, 1935, less depreciation .. .. 69,408 13 5 Balance of Revenue Account at 31st December, 1934 .. 3,936 14 10 Additions during 1935 at cost, less depreciation .. .. 19,682 7 8 Appropriation from Revenue Account towards meeting — 89 091 1 1 capital expenditure .. .. .. .. 75,000 0 0 11. Machinery and plant — 181,686 17 0 Balance at Ist January, 1935, less depreciation .. .. 26,783 3 8 11. Reserve for renewals and replacements .. .. .. .. 14,000 0 0 Additions during 1935 at cost, less depreciation .. .. 32,850 22 111. Liability to Post and Telegraph Department, fixed by Minister . 59 633 5 10 of Telegraphs as price of assets acquired .. .. 59,839 17 2 111. Office and studio equipment-— Less Repayments .. .. .. .. 30,039 17 2 Balance at Ist January, 1935, less depreciation .. .. 5,499 4 6 29,800 0 0 Additions during 1935 at cost, less depreciation .. .. 2,876 19 2 IV. Sundry creditors .. .. .. .. .. 11,371 10 6 8,376 3 8 V. Revenue Account: Balance as at 31st December, 1935 .. .. 2,502 14 5 IV. Sundry debtors and prepayments .. .. .. .. .. 2,054 9 8 V. Post and Telegraph Department— Investment Account .. .. .. .. 45,000 0 0 License Pees Account .. .. .. .. ..34,03829 79,038 2 9 VI. Cash at bank and in hand— At bank .. .. .. .. .. .. 1,037 18 11 In hand .. .. .. .. .. .. 130 0 0 1,167 18 11 £239,361 1 11 £239,361 1 11 H. D. Vickery, Chairman. W. H. Cockek, C4eo. R. Hutchinson, H. G. Livingstone, , r , Ernest Palliser, f Members of the Board. J. L. Passmore, S. Kenneth Phillips, 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.— G. F. C. Campbell, Controller and Auditor-General. Approximate Cost of Paper.—Preparation, not given; printing (595 copies), £7 10s.

THE NEW ZEALAND BROADCASTING BOARD. Revenue Account fob the Year ended 31st December, 1935.

By Authority: G. H. Loney, Government Printer, Wellington.— 1936.

Price 6d. ]

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