Article image
Article image
Article image
Article image
Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.

CREDITS OVER £6,000,000

MEAT INDUSTRY'S SURPLUSES

Over £61000,000 will be shown in meat industry credits in the Re fg rve 1o when the operations for the }?*? A * season are fully completed, according to the New Zealand Meat Board's annual report. Of this sum £4,000,000 is in the meat pool account and f2,000,000 in the meat industry stabilisation account. Substantial surpluses have resulted from each of the three seasons since the meat. pool account was established, due mainly to the fact that the anticipated loss in canning ewe mutton had not occurred. In addition, credits to the account from increases in prices received from Britain had been considerably augmented by increases in prices of tallow and slipe wool which, under the arrangements between the Government and the Meat Board, were also credited to the meat pool. The annual accretion to the credit balance in the meat pool was estimated to be at least £1,500,000. Results in the stabilisation account were subject to the effects of the stabilisation agreement, together with the cost of increases in Marketing Department purchase prices for meat, which applied I in the 1944-45 season.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19450801.2.24.2

Bibliographic details

CREDITS OVER £6,000,000, Auckland Star, Volume LXXVI, Issue 180, 1 August 1945

Word Count
187

CREDITS OVER £6,000,000 Auckland Star, Volume LXXVI, Issue 180, 1 August 1945

Working