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NATIONAL COMMERCIAL BROADCASTING SERVICE. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure,. Income. Expenditure on programmes, £ 8. d. £ s. d. £ s. d. including payments to artists, Sales of station time .. .. .. .. 161, 166 5 9 hire of special recordings, relay Miscellaneous .. .. .. .. 13 22 lines, and sundry miscellaneous items .. .. .. 16,219 5 11 Less sundry programme charges borne by advertisers .. 2, 408 11 5 13,810 14 6 Copyright .. .. •• 5,963 911 ■General administrative and running expenses, including rents, rates, and insurance, lighting, heating, and power, legal and audit, printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings, plant and office and studio equipment, advertising, commission, and sundry miscellaneous items .. 116,159 9 9 Interest .. .. .. •• •• 3,463 3 5 Bad debts .. .. .. .. •• 1,694 2 4 Depreciation .. . ■ •• •• 9,490119 Balance carried down : Net profit for year .. 10,597 16 3 £161,179 7 11 £161,179 7 11 £ s. d. £ s. d. Balance brought forward from previous year .. 11,953 11 2 Balance brought down .. .. .. 10,597 16 3 Eire loss, Station 3ZB, written down .. .. 1,354 2 8 Balance .. .. .. .. .. 2,709 17 7 £13,307 13 10 £13,307 13 10 Balance-sheet as at 31st March, 1939. Liabilities. Assets. £ s. d. £ s. d. Advances from Broadcasting Account .. .. 101,926 7 2 Land and buildings .. .. ■■ •• 5,084 17 4 Creditors —■ £ s. d. Machinery and plant .. .. .. .. 28,716 18 11 Sundry .. .. .. 2,811 14 8 Office and studio equipment, including furniture, Departmental .. .. 1,074 11 0 typewriters, office mechanical appliances, and Commission .. .. .. 2,403 18 6 library .. .. .. .. .. 23,248 18 10 —. 6,290 4 2 Purchase of Station IZB, Auckland .. .. 336 14 8 Advertising paid in advance .. .. •• 14 18 6 Records, music, and script .. .. .. 5,910 1 6 Fees collected on behalf of agents .. .. 440 0 0 Highcliffe relay installation .. .. .. 400 0 0 Income-tax deposits of staff .. .. .. 210 0 Work in progress .. _ .. ■. _ 76 13 10 Deposit Account .. .. . . .. 14 15 1 Preliminary expenses, Station SZB (mobile Railway Writings off, Reserve .. •• 8,930 12 5 studio) .. .. .. .. .. 166 6 2 Payments in advance .. .. .. 56 12 5 Unplayed episodes of features . . .. .. 747 14 5 Stocks of spares, machinery, and plant .. .. 4,568 0 1 Debtors— £ s. d. £ s. d. Sundry .. 25,551 3 6 Departmental .. 923 17 9 26,475 1 3 Less reserve for bad debts .. 2,100 0 0 24,375 1 3 Cash in bank .. .. .. .. 6,859 12 2 Cash on deposit .. .. . . 14 15 1 Writings off, Suspense .. .. .. 8,930 12 5 Fire loss, Station 3ZB .. .. 6,770 13 4 Less amount written down .. 1,354 2 8 5,416 10 8 Income and Expenditure Account— Balance, 31st March, 1938 .. 11,953 11 2 Add fire loss, Station 3ZB, written down .. .. 1,354 2. 8 13,307 13 10 Less 1 excess of income over expenditure for year ended 31st March, 1939 .. .. 10,597 16 3 2,709 17 7 £117,619 7 4 £117,619 7 4 C. G. Scrim GEOUR, Controller. 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.

Approximate Cost of Paper.—Preparation, not given • printing (1,650 copies), £15

Authority: E. V. Paul, Government Printer, Wellington. —1939.

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