B.—l [PT. IV], SUP. TO 1937.

PRIMARY PRODUCTS MARKETING DEPARTMENT— continued. WHEY BUTTER Purchase and Sale Account, 1936-37 Season. Shipments for which Complete Sale Proceeds have been received at 31st July, 1937. Dr. £ s. d. Cr. £ s. d. £ s. d. £ s. d. Purchase of 42,041 boxes .. .. .. .. .. .. .. 112,596 7 9 Sale of 42,041 boxes (less United Kingdom sellingcharges, including landing-charges, agents' commission, trade discount, and storage) .. .. 111,969 19 6 Less— Freight .. .. .. .. .. 7,662 13 5 Insurance .. .. .. .. .. 193 14 9 7,856 8 2 — 104,113 11 4 Balance carried forward (deficit on 42,041 boxes) .. .. .. 8,482 16 5 £112,596 7 9 £112,596 7 9 Shipments for which only Partial Sale Proceeds have been received at 31st July, 1937. Dr. £ s. d. Cr. £ s. d. £ s. d. £ s. d. Balance brought forward (deficit on 42,041 boxes) .. .. .. .. 8,482 16 5 Sale of 10,242 boxes (less United Kingdom sellingPurchase of .. .. 15,181 boxes .. .. .. .. 40,694 17 8 charges, including landing- charges, agents' commission, trade discount, and storage) .. .. 31,757 12 10 57,222 boxes Estimated sale value of 4,939 boxes in store, United Kingdom, or afloat at 31st July, 1937 (basis of valuation, 107s. per hundredweight, sterling, less United Kingdom selling-charges) .. .. .. 15,77000 Total boxes, 15,181 .. .. .. .. 47,527 12 10 Less— Freight .. .. .. .. .. 2,767 12 4 Insurance .. .. .. .. .. 86 II 5 2,854 3 9 44,673 9 1 Balance carried forward (estimated deficit on 57,222 boxes) .. .. .. 4,504 5 0 £49,177 14 1 £49,177 14 1 Stocks in Store in New Zealand awaiting Shipment at 31st July, 1937. Dr. £ s. d. Cr. £ s. d. £ s. d. £ s. d. Balance brought forward (estimated deficit on 57,222 boxes) .. .. .. 4,504 5 0 Estimated sale value of 200 boxes (basis of valuation, Purchase value of .. .. .. 200 boxes .. .. .. 562 4 11 108s. per hundredweight sterling, less United Kingdom selling-charges) .. .. .. .. .. 644 0 0 57,422 boxes Less— Freight . . . . .. .. 36 9 3 (1,435 tons Il'cwt.) Insurance .. .. .. .. .. 150 37 14 3 606 5 9 Balance carried forward (estimated deficit on 57,422 boxes), (1,435 tons 11 cwt.) .. 4,460 4 2 £5,066 9 11 £5,066 9 11 £ s. d. £ s. d. Balance brought forward .. .. .. .. .. .. .. 4,460 4 2 Balance to Dairy Industry Account (being estimated deficit on sale of whey butter) .. 5,707 5 9 Proportion of administration and general expenses .. .. .. .. 1,247 1 7 £5,707 5 9 £5,707 5 9 (Note.—The produce unsold at balance date has since been realized at prices in excess of 108s. per hundredweight.)

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