H.—3o.

PRIMARY PRODUCTS MARKETING DEPARTMENT— continued. CHEESE —continued. Purchase and Sale Account, 1936-37 Season— continued. Stocks in Store in New Zealand awaiting Shipment at 31st July, 1937. Dr. £ s d. Cv Purchase value of 178,741 orates 867,880 "o 7 Balance brought forward (estimated surplus on 1,035,173 crates) £ d ' 298*581 lV 7 Balance carried forward (estimated surplus on 1,213,914 crates), (85,502 tons Estimated sale value of 178,741 crates (basis of ' " " ' 5 7 cw ' r '' "• •• •• •• •• •• 258,172 4 2 valuation 645. per hundredweight sterling, less United Kingdom selling-charges) .. Q23 622 1Q 8 Total crates, 1,213,914 (85,502 tons 10 cwt. 2 qr.). Less— £ s. d. Freight .. .. .. .. 94,162 19 6 Insurance .. .. .. .. 1,989 11 0 96,152 10 6 827,470 9 2 £1,126,052 4 9 £1,126,052 4 9 Estimated amount of further payment to cheese-manufacturing companies on Balance carried forward *o cheese graded up to and including 18th March, 1937, and exported on or before " " " " "' '" 08 ' 1 4 * 31st July, 1937 .. .. .. .. _ 165,000 0 0 Estimated amount due to cheese-manufacturing companies to preserve equity in respect of grading-dates of produce payable at the 1936-37 and the 1937-38 guaranteed prices .. .. .. .. .. .. 28,000 0 0 Proportion of administration and general expenses .. .. .. .. 46,817168 Balance to Dairy Industry Account (being estimated surplus on sale of cheese).. 7 6 £258 ' 172 £258,172 4 2 (Note.— The bulk of the produce unsold at balance date has since been realized at prices in excess of 675. 6d. per hundredweight.)

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