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NEW ZEALAND BROADCASTING SERVICE— continued• COMMERCIAL DIVISION Income and Expenditure Account for the Year Ended, 31st March, 1949 Expenditure £ _ , Income Expenditure on programmes, including payments to artists, Sales of station time .. .. .. •• •• , o4U broadcasting rights, copyright fees, recorded programmes, Accreditation fees ...... • • • • qqk relay lines, and sundry miscellaneous items .. .. 47,172 Programme fees .. .. .. .. •• •• o'ono General administrative and running expenses, including rents, Interest on investments .. .. .. .. f~ 7 rates and insurance, lighting and heating, legal and audit, Miscellaneous receipts . . .. . . .. • • J printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings and office and studio fittings, operation and maintenance of transmitting equipment, advertising, commission, and sundry miscellaneous items .. 214,828 Depreciation provision . . .. • • • • • • 8,457 Balance carried down: Net profit for year .. .. .. 52,401 £322,858 £322,858 £ Provision for taxation 30,700 £ Balance brought forward from previous year .. .. 179,349 Less excess provided in previous year .. .. 20 Balance brought down &Z,4UI 1 30,680 Balance forward to next year .. .. • • • • 201, 070 £231,750 £2^' 7^

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