From that hotbed of creative minds, the Post Office, a short film from 1935;
http://www.archive.org/details/A_Colour_Box
(As if more evidence were needed after Gary Booth's excellent work on the No Reason podcast.)
Wikipedia tells me that the music is Don Baretto and His Cuban Orchestra.
Here is more information about the creator, a New Zealander, Len Lye;
http://en.wikipedia.org/wiki/Len_Lye
P.S. For those with more time to spare, there is a huge amount of film and music to trawl through on this website, The Internet Archive. I mean, how much Grateful Dead can you stand ?