B.—l [PT. IV].

NATIONAL BROADCASTING SERVICE. Revenue Account for the Year ended 31st March, 1938. Expenditure. Incom,e. Expenditure on programmes, including salaries £ s. d. £ s. d. £ s. d. 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 2 11 neering and operating staffs .. .. 34,458 5 0 308,022 17 0 General administrative and running expenses, Interest .. .. .. ~ .. 3,215 19 9 including salaries of administrative and clerical Rents .. .. .. .. .. 57S 5 4 staffs .. .. .. .. .. 28,548 9 9 Subsidies to "B " stations .. .. .. 1,333 13 4 Payments to stations operated under contract .. 2,718 4 10 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 0 10 £311,817 2 1 £311,817 2 1 Balance-sheet as at 31st March, 1938. Liabilities. Assets. £ s. d. I. Accumulated Fund — £ s. d. £ s. d. I. Land and buildings .. .. .. 141,805 14 11 Balance on Ist April, 1937 342,234 15 4 11. Machinery and plant .. .. .. 85,927 3 1 Transfer from Revenue 111. Office and studio equipment .. .. 15,329 211 Account .. .. 99,382 010 IV. "B " station purchases .. .. 18,081 19 1 441,616 16 2 V. Work in progress .. .. .. 1,163 13 10 11. License fees paid in advance .. 5,693 2 11 VI. Sundry debtors and pre111. Sundry creditors— payments — Departmental .. .. 1,947 19 5 Post and Telegraph De- £ s. d. Sundry .. .. 4,990 811 ment (license fees) .. 1,232 3 9 ——— 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 4 11 30,365 0 6 £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.

39