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MARKETING DEPARTMENT— continued INTERNAL MARKETING DIVISION— continued Butter Equalization Account for the Year ended 30th September, 1946 Dr. ( £ Cr. £ Equalizing payments under section 12, Marketing Amendment Balance forward from last year .. .. .. .. 664,296 Act, 1937— Differentials— (а) Reimbursement of charges payable mainly in connection (a) Net amount received under the Butter Marketing Reguwith the storing of butter for local consumption during lations 1937, clause 31 . . .. .. 100,291 the winter months in the South Island and not allowed (b) Accrued under the Butter Marketing Regulations 1937, clause for in the butter differential— £ 16, representing the difference between the proceeds of Freight and cartage .. .. .. 301 butter withdrawn from export, &c., for sale at the reguInterest and insurance .. .. .. 1,322 lated local price (less allowances for patting, &c.), and Reworking and defrosting .. . . 229 the amount paid for the purchase of butter at the f.o.b. Storing and freezing .. .. .. 2,635 guaranteed price as follows:— £ £ 4,487 Sales at the regulated local price .. 634,071 (б) Servicing-allowances to authorized distributors and patting Plus stock on hand, 30th Sepdepots .. .. .. .. .. .. 6,520 tember, 1946 (valued at the (c) Grading fees .. .. .. .. .. 1,289 f.o.b. guaranteed price) .. 11,979 Payments under section 11, Marketing Amendment Act, 1937— 646,050 £ Less purchases at the guaranteed Agency and wharfage .. .. .. .. 50 | f.o.b. price .. .. 640,839 Freight and cartage .. .. .. . . 1,485 j Plus stock on hand, Ist October, Storage and freezing .. .. .. .. 13,135 1945 (valued at the f.o.b. 14,670 guaranteed price) .. .. 1,432 Administration expenses .. .. .. .. 5,178 | 642,271 Amount payable to the Dairy Industry Account, being excess 3,779 income over expenditure for the period Ist August, 1942, to 31st July, 1946 .. .. .. ~£440,118 Less progress, payments . . .. ..£380,180 59,938 Surplus accrued from Ist August, 1946, to 30th September, 1946 11,988 Balance forward to next year representing surplus as at 31st July, 1942) .. .. .. .. .. .. 664,296 £768,366 £768,366

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