H—3oa

B. Cheese. " Know of no circumstances at present which would cause next season's average to vary substantially from present." Note. —Imports, in tons, into United Kingdom :—

Average of weekly top prices for New Zealand cheese year ended 30th June (per hundredweight) ■ 1938, 695. 4d.; 1937, 655. 2d. ; 1936, 545. C. Butter and Cheese. Variation of 2\ per cent, in total Empire countries affects average returns by 7s. 6d. to 10s. per cwt. Other conditions being equal, therefore, weather vital faotor." SUMMARY OF STANDARDS. The standards of efficiency and the standard allowances adopted by the Committee are as follows :— (1) An efficient dairy-farm is one that falls within the production range of 100 lb. to 175 lb. of butterfat per acre. . (2) An efficient " whole-time adult male unit of labour equivalent" represents, on a production basis, 5,750 lb. of butterfat per annum. (3) An efficient average per-cow production is within the range of 220 lb. to 260 lb. of butterfat per annum. (4). A dairy-farm is efficiently capitalized at an average of £75 per cow. (5) A reasonable all-over average allowance for interest on the above per-cow capitalization is 4 1 per cent, per annum. 2 (6) The standard measure of working and maintenance costs, including depreciation allowance is 5'695d. per pound of butterfat, as set out in the subjoined schedule, in which a butterfat-production of 240 lb. per cow has been used as an arbitrary working basis— (a) Manure (including cartage), seeds, cultivation, and harvesting . . 1-600 (b) Power: Shed, heat, and pumping .. .. .. .. 0-400 (e) Car and lorry (farm only) .. .. .. 0-340 (d) Freight and cartage (excluding manure) .. .. .. .. 0-160 (e) Shed requisites, veterinary, drainage, noxious weeds, saddlery, covers, herd-testing, telephone, and sundries .. .. .. 0-405 (/) Pig and stock food . . . . . . .. _ _ .. 0 • 365 (g) Repairs and maintenance— (i) Implements, plant, and water supply .. .. .. 0 • 380 (ii) Fencing .. .. . . . . .. . . " 0-300 (iii) Buildings including piggeries .. .. 0-255 (h) Rates and insurance .. .. .. . . 0-540 (i) Depreciation .. .. . . . . .. 0 • 950 Total working and maintenance costs .. .. .. 5-695 '• » • v-t >- . ' 1 . ; >. ■ ' ' .. fr . '' '■ ■'.'• ': .. sV,. (7) The standard return from pigs on cream-producing farms is l-54d. per pound of butterfat. (8) The standard allowance to represent the value of housing and other perquisites enioyed bv a dairy-farmer and his family is £1 10s. per week. (9) The standard allowances for dairy-factory costs are 2-25 d. per pound of butterfat for butter with an overrun of 21-75 per cent,; and 3-50 d. per pound of butterfat for cheese, with a net yield of 2-45 d. and a whey butter return of 0-75 d. per pound of butterfat.

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30th June, Total. New Zealand. Canada. Others. Home^produeed Cheese. 1938 .. .. .. 149,306 85,031 37,074 27,201 38,000* 1937 .. .. .. 134,197 81,608 30,201 22,388 50,000* 1936 .. .. .. 131,197 84,474 26,099 20,624 50,000* * Estimated.