H.—3o.

PRIMARY PRODUCTS MARKETING DEPARTMENT. INTERNAL MARKETING DIVISION. WELLINGTON TRADING BRANCH, THORNDON QUAY. Trading Account foe the Fourteen Months ended 31st March, 1938. Dr. £ Cr. £ Sundry trading charges, commissions, and trade discounts 1, 983 Gross profits and commissions on trading in bacon, butter, Gross profit to Profit and Loss Account .. .. 27,473 cheese, eggs and egg-pulp, honey, milk-powder, pork, &c. 29,456 £29,456 £29,456 Profit and Loss Account for the Fourteen Months ended 31st March, 1938. Dr. £ Cr. £ Salaries and wages .. .. .. .. .. 12,871 Gross profits from trading .. .. .. .. 27,473 Motor and travelling expenses .. .. .. 2,734 Rents received .. .. .. .. .. 231 Audit fees .. .. .. .. .. 220 Bad debts provisionally written off .. .. 23 Reserve for bad and doubtful debts .. .. .. 150 Depreciation .. .. .. .. .. 1,077 General expenses and repairs .. .. .. 363 Interest and exchange .. .. .. .. 1,189 Insurance .. .. .. .. .. 131 Lighting, heating, and power .. .. .. 265 Rates .. .. .. .. .. .. 146 Postages, telegrams, bureau fees .. .. .. 604 Printing and stationery .. .. .. .. 502 Subsidy to Public Servioe Superannuation Eund (including reserve for subsidy accrued) .. .. .. 158 Reserve against possible liability under Workers' Compensation Act .. .. .. .. .. 467 Net profit to combined account .. .. .. 6,804 £27,704 £27,704 Butter Equalization Account for the Fourteen Months ended 31st March 1938. Dr. £ Cr. £ £ Equalization charges payable to dairy factories (costs not Differentials paid, and payablo by dairy factories covered by butter differential) (section 12, Primary under Butter Marketing Regulations 1937, Products Marketing Amendment Act, 1937) — £ clause 31 .. .. .. .. 75,729 Freight and cartage .. .. . . 66 Less refund to Wellington dairy factories of Defrosting and unboxing .. .. .. 18 differential collected between 4th September, Patting and wrapping .. .. .. 80 1937, and 31st October, 1937 .. .. 4,758 Storage and freezing .. .. .. 201 70,971 Bulking and parchment .. .. .. 557 Sale of butter withdrawn from export at regulaSundry .. .. .. . . .. 2 tion price for local sale .. .. .. 485 924 Less purchases at f.o.b. guaranteed price .. 464 Services as under — 21 Grading fees .. .. .. .. 18 Stocks on hand export butter withdrawn to meet Servicing, accounting, &c. (Wellington Market- estimated winter requirements for local ing District) .. .. .. .. 1,582 market (at cost, plus storage accrued) — Patting, wrapping, storing (Auckland) .. 359 Auckland .. .. .. .. 7,009 1,959 Wellington .. .. .. .. 4,611 Preliminary and administrative expenses .. .. 5,500 ——— Equalizing payment to dairy factories of Jj|d. per pound 11,620 on all butter sold locally in the Wellington Marketing Less purchases at f.o.b. guaranteed price, District between Ist May, 1937, and 4th September, plus storage accrued .. .. .. 11,620 1937 (owing to rise in guaranteed price) .. .. 14,197 Balance (representing surplus to be carried to next year's accounts) .. .. .. .. .. 48,412 £70,992 £70,992 Egg Export Account for the Year ended 31st March, 1938. Dr. £ £ Cr. £ £ Purchases New Zealand eggs at Is. Id. per dozen— Proceeds sale eggs in London (exchange included) 5,122 Canterbury .. .. .. .. 1,975 Less— £ Dunedin .. .. .. .. .. 1,159 Allowances for damaged eggs, London 92 Auckland .. .. .. .. .. 638 Loss in repacking, London .. 5 3,772 Inspection fee, London .. .. 4 Charges to f.0.b., insurance, storing, packing, — 101 cartage, and handling— 5,021 Canterbury .. .. .. .. 427 Balance on consignments carried forward .. .. 468 Dunedin .. .. .. .. 316 Auckland .. .. .. .. .. 134 877 Sea freight, New Zealand to London .. .. .. 812 Marine insurance, New Zealand to London .. .. 27 Sundry charges (postage, &c., prior to f.0.b.) .. .. 1 £5,489 £5,489

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