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NEW ZEALAND BROADCASTING SERVICE NATIONAL DIVISION Income and Expenditure Account for the Year Ended 31st March, 1949 Expenditure, £ Income £ Expenditure on programmes, including payments to artists, Radio licence fees .. .. .. .. . - 498, 630 broadcasting rights, copyright fees, recorded programmes, Interest on investments .. .. .. .. 24,508 relay lines, and sundry miscellaneous items .. .. 125,720 Rents .. .. .. .. .. 2,322 Expenditure on National Orchestra and concert £ Miscellaneous receipts .. .. .. .. .. 845 presentation .. .. .. .. 86,282 New Zealand Listener: Excess of income over expenditure .. 4,790 Less net concert proceeds . . . . .. 7,609 78,673 "General administrative and running expenses, including rents, rates and insurance, lighting and heating, legal and audit, printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings and office and studio fittings, operation and maintenance of transmitting equipment, fees for technical trainees, and sundry miscellaneous items .. .. .. .. .. 266,256 Payments to stations operated under contract and subsidies to " B " stations . . .. .. .. .. 1 > 121 Expenses in connection with the Broadcasting Unit in Japan 939 Contribution to Radio Research Committee .. .. 500 Depreciation provision ~ .. .. .. .. 28,303 Balance carried down .. .. .. .. .. 29,583 £531,095 £531,095 £ T~ Balance forward to next year .. .. .. .. 2,473,296 Balance brought forward from previous year .. .. 2,443,713 Balance brought down .. .. .. .. .. 29,583 £2,473,296 £2,473,296

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