H—3oa

MARKETING DEPARTMENT— continued Butter Equalization Account for the Year ended 31st March, 1945 _ Dr. £ Cr. £ Equalizing payments under section 12, Marketing Amendment Balance from last year .. .. .. .. .. 680,336 Act, 1937— Differentials : (а) Reimbursement of charges payable mainly in (a) Net amount received under the Butter Marketing Regulaconnection with storing of butter for local - tions 1937, clause 31 ... .. .. 140,110 consumption during the winter months in the (b) Indirectly accrued under the Butter Marketing RegulaSouth Island and not allowed for in the butter tions 1937, clause 16, representing the difference between differential— £ , the proceeds of butter withdrawn from export, &c., for Freight and cartage .. .. . 464 sale at the regulated local price (less allowances for Interest and insurance .. .. , .. 949 patting, &c.) and the amount paid for the purchase at Reworking and defrosting .. .. 119 the f.o.b. guaranteed price, as follows— Storing and freezing .. .. .. 2,579. - £ £ 4,111 Sales at the regulated local price 427,779 (б) Servicing allowances to authorized distributors and Plus stock on hand, 31st patting depots .. .. .. .. ..13,692 March, 1945 (valued at (c) Grading fees .. .. ... .. .. 2,893 guaranteed f.o.b. price) .. 144,151 Payments under section 11, Marketing Amendment 571,930 Act, 1937— Less purchases at the guaranFreight and cartage .. .. .. .. 1,953 teed f.o.b. price- ... .. 366,742 Agency and wharfage .. .. .. .. 57 Plus stock on hand, Ist April, Storage and freezing .. .. .. .. 8,284 1944 (valued at guaranteed Insurance .. .. .. .. .. 36 f.o.b. price) .. .. 200,714 10,330 567,456 Overhead and administration expenses .. .. .. 4,597 4 474 Transfers to the Dairy Industry Account in respect of the year Interest on balance of account .. .. .. .. 8'319 ended 31st March, 1945 .. .. .. .. .. 100,000 Balance forward to next year .. .. .. .. 697,616 £833,239 £833,239

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