H—3oa

MARKETING DEPARTMENT— continued Butter Equalization Account for the Six Months ended 30th September, 1945 Dr. £ Or. £ Equalizing payments under section 12, Marketing Amendment Balance from last year .. .. .. .. .. 697,616 Act, 1937— Differentials : (a) Reimbursement of charges payable mainly in (a) Net amount received under the Butter Marketing Reguconnection with the storing of butter for local lations 1937, clause 31 .. .. .. 58,821 consumption during the winter months in the (b) Accrued under the Butter Marketing Regulations 1937, South Island and not allowed for in the butter clause 16, representing the difference between the differential— £ proceeds of butter withdrawn from export, &c., for sale Freight and cartage . . . . . . 276 at the regulated local price (less allowances for patting, Interest and insurance . . . . . . 662 &c.) and the amount paid for the purchase of butter at Reworking and defrosting .. . , 183 the f.o.b. guaranteed price as follows— Storage and freezing .. .. .. 2,068 £ £ 3,189 Sales at the regulated local price 502,420 (b) Servicing allowances to authorized distributors and Plus stock on hand 30th patting depots .. .. .. .. .. 6,087 September, 1945 (valued at (c) Grading fees .. .. .. .. .. .. 774 the f.o.b. guaranteed price) 1,432 (d) Loss on sale of cartons ........ 2 503 852 Payments under section 11, Marketing Amendment Act, Less purchases at the 1937— £ guaranteed f.o.b. price .. 351,223 Agency and wharfage .. .. .. .. 31 Plus stock on hand, Ist April, Freight and cartage .. . .. 1,358 1945 (valued at the f.o.b. Storage and freezing .. .. .. .. 6,675 guaranteed price) .. 144,151 8,064 495,374 Overhead and administration expenses .. .. .. 2,323 8 478 Transfer to the Dairy Industry Account of excess income over expenditure for period Ist August, 1942, to 30th September, 1945 .. .. .. ..380,180 Less progress credits .. .. .. .. 300,000 BO,lBO Balance forward to next year (representing surplus as at 31st July, 1942) .. .. .. .. .. 664,296 £764,915 £764,915

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