H.—3OA.

HONEY SECTION. Pool Account for the Year ended 31st Maech, 1941. Dr. £ Or. £ Stock brought forward .. .. .. .. 15,285 Balance brought forward .. .. .. .. 10,303 Honey on consignment .. .. •• 74,845 Sales £ Honey purchased .. .. •• •• •• 1,151 London .. .. .. 54,306 Administration expenses (salaries, rents, telephones, New Zealand .. .. .. .. 49,890 stationery, interest, &c.) .. .. .. .. 1,867 . 104,196 Advertising .. .. • • • • • • 3,200 Exchange .. .. .. .. 8,929 Commission .. .. •• •• •• 6,022 Sundry credits .. .. .. .. .. 946 Local Pool Account expenses — £ Stock on hand .. .. .. .. .. 7,986 Blending and packing charges .. .. 9,476 Freights .. .. .. •• 2,287 11,763 Export Pool Account expenses— £ Blending and packing charges .. .. 13,026 Freights .. .. .. •• 3,161 16,187 Balance .. .. .. •• •• 2,040 £132,360 £132,360 INTERNAL MARKETING DIVISION. Butter Equalization Account toe the Yeae ended 31st Maech, 1941. Dr. £ Or. £ Equalizing payments under section 12, Marketing Balance from accounts for the period ending 31st March, Amendment Act, 1937 — 1940 .. .. .. .. .. .. 152,613 (a) Charges payable to dairy factories mainly in Differentials — connection with the storing of butter for local (a) Net amount received or receivable under the consumption during the winter months in the Butter Marketing Regulations 1937, clause 31 245,524 South Island and not allowed for in the butter (b) Indirectly accrued under the Butter Marketing differential £ Regulations 1937, clause 16, representing the Freight and cartage .. .. 358 difference between the proceeds of butter withReworking and defrosting .. 277 drawn from export, &c., for sale at the regulated Storing and freezing .. .. 2,196 local price (less allowances for patting, &c.) Bulking and parchment .. .. 196 and the amount paid for purchase at the f.o.b. Interest and insurance .. .. 988 guaranteed price, as follows— £ 4,015 Sales at the regulated local price .. 569,998 (b) Payments to authorized distributors in connection Add Stocks at 31st March, 1941 with the sale of butter as ships' stores to (valued at guaranteed f.o.b. foreign-going vessels, sales to island depen- price) .. .. .. 130,489 dencies, climatic and servicing allowances, &c. 19,882 -—-—— Payments under section 11, Marketing Amendment Act, 700,487 1937 £ Deduct purchases at £ Freight and cartage .. .. .. 3,333 guaranteed f.o.b. price 565,849 Reworking and defrosting .. .. 543 Plus stocks at Ist April, Agency, wharfage, marine insurance .. 205 1940 (valued at guaranStorage and freezing .. .. •• 7,259 teed f.o.b. price) .. 115,498 Insurance 1,101 681,347 Grading fees .. .. .. •• 1,326 19,140 13,767 Overhead and administrative expenses .. 4,414 Less credit for interest on credit balance .. 1,414 3,000 Balance forward to next year's accounts .. .. 376,613 £417,277 £417,277 Balance-sheet as at 31st Maech, 1941. £ £ Creditors .. •• •• •• •• 175,434 Land .. .. .. .. .. 12,740 Reserve for renovations and repairs to premises at Buildings .. .. .. .. .. 22,812 Thorndon .. .. .. •• •• 473 Motor-vehicles .. .. .. .. .. 1,989 Reserve for Public Service Superannuation Fund .. 245 Loose tools and equipment, plant, furniture, and office Reserve for insurance on fruit in transit and cool stores appliances .. .. .. .. .. 19,780 in New Zealand .. .. .. .. 1,500 Goodwill .. .. .. .. .. 19,000 Fruit Advertising Suspense Account .. .. 110 Stock in trade .. .. .. .. .. 218,031 Butter-processing machine royalty reserve .. .. 53 Stocks of stationery, petrol, packing-materials, &c. .. 12,126 Reserve for taxation .. .. .. 38,337 Debtors .. .. .. .. 250,225 Reserve for honey advertising (London) .. .. 10,285 Payments in advance .. .. .. .. 159 Honey Seals Account .. • ■ ■ ■ - • 11,363 Cash in hand and at bank .. .. .. .. 61,303 Honey Pool Account .. .. •• •• 2,040 Losses in Suspense .. .f .. .. 940 Butter Equalization Account .. .. .. 376,613 Writings off Reserve .. . • • ■ ■ • 940 Profit and Loss Appropriation Account .. •. 1,712 £619,105 £619,105 \ "=~ R. P. Fraser, Acting-Director. G. C. Jupp, Accountant. I certify that the Trading Account, Profit and Loss Account, and Appropriation Account, the Butter Equalization Account, the Honey Section Local and Export Pool Account, and the Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. —Cyril G. Collins, Controller and Auditor-General.

Approximate Cost ot Paper.—Preparation, not given; printing (535 copies), £32 10s.

By Authority: E. V. Paul, Government Printer, Wellington. —.1941.

Price 9d.]

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