H.—3o.

NEW ZEALAND SHEEP-SKIN CONTROL. PURCHASE AND SALE AND REVENUE ACCOUNT FOE TWELVE MONTHS TO 30tH JUNE, 1942. , Dr - £ Gr. £ Stocks, 30th June, 1941 .. .. .. .. 101,510 Sales of skins, pelts, and wool .. .. .. 715 256 Purchases .. .. .. 532,896 Stocks, 30th June, 1942 .. .. .. 56'979 Working-charges .. .. .. .. .. 118,688 Gross surplus .. .. .. .. .. 19,141 £772,235 £772,235 Administration expenses — £ £ £ Salaries .. .. .. .. .. 8,042 Gross surplus .. .. .. 19 X4l Travelling-expenses .. .. .. 1,454 Postages and telegrams .. .. .. 377 Telephones .. .. .. .. 595 Stationery .. .. .. ~ 558 Exchange .. .. .. .. 201 Interest .. .. .. .. 661 Sundry expenses .. .. .. .. 619 Rent .. .. .. .. .. 592 War-risk insurance .. .. .. 137 13,236 Net surplus .. .. .. 5,903 £19.141 £19,141 Balance-sheet as at 30th June, 1942. • £ j4.sscts Sundry Products Account .. .. .. .. 127,294 Fixed assets (cost less depreciation)— £ £ Sundry creditors .. .. .. .. 37,137 Furniture and fittings .. .. .. 359 _ £ Motor-car .. .. .. .. 197 Pool Account .. .. .. .. 5,905 556 Add balance, Ist July, 1941 .. ..7,196 Floating assets— 13,101 Stocks .. .. .. 66,989 Sundry debtors .. .. .. .. .. 109,789 Woolpacks Account .. .. .. .. 3 Cash on hand .. .. .. N . 195 £177,532 £177.532 R. C. Burgess, Controller. MARKETING DEPARTMENT (EXPORT DIVISION). Balance-sheet as at 31st July, 1942. Liabilities. £ £ Assets. £ Reserve Bank of New Zealand— Sundry debtors for produce and amounts accrued due 1,968,942 Dairy Industry Account .. .. 3,935,199 Stocks .. .. .. .. ..8 340 489 Meat Industry Account .. ... 4,944,495 Office and departmental equipment .. .. ' 4'723 Sundry Products Account .. .. 327,753 Advances to Sheep-skin Controller .. .. 143,936 Advances on produce .. .. .. .. 29,235 r ... ,T , , , 9,207,447 Dairy-produce Account .. .. .. .. 997,070 Less Wool Industry Account .. 105,011 9,102,436 Less cash held in London .. 42,663 „ , , 9,059,773 Sundry creditors for accrued charges and sundry credit balances .. .. .. 1,361,286 Meat Pool Account .. .. .. . . 794 goi Net surpluses on administration allowances— Meat Account .. .. .. 150,599 Wool Account .. .. .. 133,607 Tallow Account .. .. .. 8,488 292,694 Less deficits— £ War Office Contracts Account 332 Hides Account .. .. 23,827 24,159 268,535 £11,484,395 £11,484,395 G. A. Duncan, Director. J. G. McDonald, Assistant Accountant. I hereby certify that the several Purchase and Sale and Revenue Accounts, Administration and General Expenses Accounts, together with the Balance-sheet as at 31st July, 1942, have been examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. The values of the sheep-skin control stocks have been fixed by the Sheep-skin Controller.—J. P. Rutherford, Deputy Controller and Auditor-General.

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