MEAT BOARD FINANCE

Evening Post, Volume CIV, Issue 22, 26 July 1927, Page 12

MEAT BOARD FINANCE

"Evening Post," 26th July

The statement of the income and expenditure of the New Zealand Meat Producers' Board for the year ended 30th June, shows that the income received from the levy on meat exported was £31,590 12s 2d, or, deducting £315 18s Id, cost of collection, a total of £31,274 14s Id. To this has to. be added £2772 interest received ou investments. The balance-sheet shows cash in hand £508 14s 4d, sundry debtors £4077 118 9d. Investments in New Zca'and Government Inscribed Stock total £59,000, made up as follows:—s% per cent. £10,500, 5% per cent. £42,500, 5 per cent. £6000. Office fittings and equipment, less depreciation £139 2s lOd, stand at £1246-11s 3d. For purebred large white pigs £158 Is 4d is set down. Sundry other items amount to £318 Us lid.

Expenditure is made up of £6252 4s 5d on the head office and £4139 12s lid ou the London office, in all £10,391 17s 4d. Members' honoraria and travelling expenses amount to £3074 Bs. Supervising, gradiii", salaries, and expenses amounted to £3022 Is 6d, of which £456 2s lOd is on account of the London office. The London manager s recent visit to New Zealand is set down at £420 2s lid. Salaries and expenses of representatives in South America and Australia account for £317 6s lOd Ihe cost of the election was £479 14s 9d. Printing the annual report and advertising total £1223 ss. Trial shipments of Jneat to Canada came to £287 0s lid and displays of lamb in Smithfield and department stores cost £157 5s 3d. For experi--5ln tsm freezing the moderate sum of *dO lls 8d is set down. In Royal Show prize money £240 was expended, of which £180 was devoted to pigs. Donations and B#i<fn i'n S a£l at -tlle moderate figure of f i5 s \ There 1S au Jtem of £992 6s Cd lor cold storage m London. Other smaller expenses totalling £337 18s 5d call for no remark. The excess of income over expenditure was £12,952 14s 4d. &I»A th t j^nc r e"she=et sundry creditors ft, j * , n fF 6 T5s 3d- The accumulated fund at 30th June, 1926, was £51,781 Os IM.which .including the excess of income over expenditure above referred to, £12 952 ♦s sd, a total of £64,733 5s 4d Everything appears to be clearly Bet out i«JI! c'! 1K£ Clal and London Stel 6 accounts are shown separ-