H.—29

4

Beef: Estimated Profit (First Year). Fifteen quarters per week, each quarter weighing 1601b., 2,4001b. Profit at Id. per pound, £10. Profit per year, £520.

Balance-sheet (First Year). £ s. d. Realised from sale of mutton and lamb ... ... 6,760 0 0 Paid for mutton and lamb ... ... ... ... 5,083 0 0 Profit from sales of mutton and lamb ... ... 1,677 0 0 beef ... ... ... ... 520 0 0 „ veal pork ... „ small goods £2,197 0 0 Less 5 per cent, for contingencies ... ... ... 109 17 0 2,097 3 0 Less expenses ... ... ... ... 1,960 0. 0 Net profit ... ... ... ... £137 3 0 Profit, 6f per cent, on £2,000 capital. H. C. Cameron, Produce Commissioner.

Maximum Cost of Conducting Business- (Second Year). Bailage, at £1 10s. per ton, on mutton and lamb from London to £ s. d. store in provinces ... ... ... ... ... 585 0 0 Bent ... ... ... ... ... ... ... 400 0 0 Bates and taxes ... ... ... ... ... ... 200 0 0 Electricity (power and lighting) ... ... ... ... 60 0 0 Wages, 4 men and 1 boy ... ... ... .. ... 403 0 0 „ lady cashier and assistant ... ... ... ... 90 0 0 Proportion of supervision ... ... ... ... ... 52 0 0 Paper and twine ... ... ... ... ... ... 60 0 0 Stationery and stamps ... ... ... .. ... 80 0 0 Horse-hire and delivery ... ... ... ... ... 200 0 0 Advertising ... ... ... ... ... ... 200 0 0 Depreciation on plant—say, 10 per cent, on £1,000 ... ... 100 0 0 Sundry expenses, telephone subscription, &c. ... ... ... 80 0 0 Travelling-expenses ... ... ... ... ... 150 0 0 £2,660 0 0

Note re Expenses (Second Year). Wa 9 M - £ s. d. First shopman ... ... ... at 2 15 0 Second shopman ... ... ... ~200 Third shopman ... ... ... „ 110 0 Fourth shopman ... ... ... ~100 Boy ... ... .. ... „ 010 0 £7 15 0 per week = £403. Railage. Bailage on mutton and lamb is calculated at the average charge of £3 10s. per ton on 3-ton lots from London to towns in the provinces. Storage. Storage in cold-air chambers is not charged, as it is intended to get supplies from London weekly if required, and sufficient cold-storage will be provided on the premises. Delivery. Horsing the delivery carts will be contracted for with a livery-stable keeper, who will supply drivers. Advertising. Advertising could be very extensively done on the amount set aside for it.