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Balance-sheet as at 31st March, 1949 Liabilities £ Assets £ Creditors .. .. .. .. .. .. 23,152 Cash in bank .. .. .. .. .. .. 38,979 Appropriation Account .. .. .. ..2,473,296 Imprests outstanding .. .. .. .. .. 465 Debtors and prepayments .. .. .. . . 68,016 Works in progress, stock of technical equipment, disks, and needles .. .. .. .. .. .. 133,228 Newsprint stocks .. .. .. .. .. 16,221 Unplayed episodes of features .. .. .. .. 43,795 Investments in New Zealand Government securities .. 1,740,000 Land and buildings .. .. .. .. .. 222,008 Machinery and plant .. .. .. .. .. 179,601 Office and studio equipment .. .. . . .. 53,150 " B" station purchases .. .. .. .. 985 £2,496,448 £2,496,448 I hereby certify that the Income and Expenditure 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. P. Rutherford, Controller and Auditor- General. Wm. Yates, Director of Broadcasting. W. J. Crowther, A.R.A.N.Z., Accountant,

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