H. -30.

The details of the comparisons of marketing-costs are as follows : —

Comparison of Costs of Marketing Butter.

27

Charges Items. Costs under Old System. Costs undei^Prcsent s. d. s. d. s. d. s. d. Sale value (per cwt. sterling) .. .. .. 117 6 117 6 Less — Port dues, &c. .. .. ..13 13 Commission .. .. .. .. 2 11-25* 2 4-2f Discount (2d. in the pound) .. .. 0 11-75 0 11-75 London interest (5s. per cent.) .. 0 3-52 Freight .. .. .. ..510-5 Insurance .. .. .. .. 0 3-156 11 7-176 4 6-95 105 10-824 112 11-05 Plus— Exchange 24 11-917 27 1-212 Less— 130 10-741 140 0-262 Freight J .. .. .. .. .. .. 7 3-468 InsuranceJ .. .. .. .. .. .. 0 3-719 7 7-187 132 5-075 Interest on overdraft and cost of remittances to .. .. .. 0 5 • 25 dairy companies Net return, New Zealand currency .. .. .. 130 10-741 131 11-825 130 10.741 Increase in net return, represented by savings .. .. 1 1-084 in marketing costs I — — Summary of Savings in Marketing Costs under the Present System. Per Cwt. I Gains— d. Commission .. .. .. .. 7-05 London interest .. .. .. 3-52 Exchange .. .. .. .. 7-764 18-334 Less interest on overdraft and cost of 5-25 remittances to dairy companies ■——— 13-084 * Commission, 2J per cent. t Commission, 2 per cent. J Rates in sterling, plus exchange on remittance, New Zealand to London.