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NATIONAL BROADCASTING SERVICE. Revenue Account for the Year ended 31st March, 1938. Expenditure. Income. Expenditure on programmes, including salaries £ s. d. 1 , c ,' of programme staff 109,525 16 6 License fees . .. 313,715 19 11 Maintenance of plant, including salaries of engi- Less license fees paid in advance 5 .693 - . neering and operating staffs .. .. 34,458 5 0 S 915 19 9 General administrative and running expenses, interest .. .. •• • •• '578 5 4 including salaries of administrative and clerical Rents staffs 28,548 9 9 Subsidies to "B" stations .. .. •• 1,333 13 4 Payments to stations operated under contract .. 2,718 410 Contribution to Public Service Superannuation Fund .. .. • • • • • • 402 3 5 Contribution to Radio Research Committee .. 682 6 5 Depreciation of assets .. •• 34,766 2 0 Balance, transferred to Accumulated Fund .. 99,382 010 £311,817 2 1 £311,817 2 1 Balance-sheet as at 31st March, 1938. Liabilities. Assets. -Fa fi" I. Accumulated Fund- £ s. d. £ s. d. I. Land and buildings 1418( 014 1 Balance on Ist April, 1937 342,234 15 4 11. Machmery and plant .. .. 85,927 J Transfer from Revenue lIL Office and studio equipment .. .. 5,329 211 Account .. 99,382 010 IV. " B station purchases .. .. 18,081 1J 1 441 616 16 2 V. Work m progress .. .. i,iod lu 11. License fees paid in advance .. 5>3 211 VI. Sundry debtors and pre111. Sundry creditors — payments Departmental.. .. 1,947 19 5 Post and Telegraph De- £ . s. c . Sundry 4,990 811 ment (license fees) .. 1,232 3 J J 6,938 8 4 National Commercial Broadcasting Service (interest and refund of copyright payments) .. 4,243 17 4 Other .. • • 48 7 6 5,524 8 7 VII. Temporary investment .. 75,000 0 0 Accrued interest thereon 781 5 0 75,781. 5 0 VIII. National Commercial Broadcasting Service : Net Advances .. •• 80,269 19 6 IX. Cash in bank — Broadcasting Account .. 29,043 15 7 Broadcasting Imprest Account .. • • 1,321 411 30,365 0 0 £454,248 7 5 £454,248 7 5 James Shelley, Director of Broadcasting. 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, Controller and Auditor-General.

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