H—3o

Dairy Industry Stabilization Account : Transactions during the Year ended 31st July, 1946 Dr. £ £ Or. £ Additional administration costs, New Zealand Dairy Board.. .. .. 10,500 Balance as at 31st July, 1945 .. .. .. .. .. .. 4,675,446 Dairy-factory and farm-costs allowances .. .. .. .. 5,711,453 Proceeds of increases in sale-prices of produce sold to United States Army .. 68,422 Subsidies on fertilizers, <fec. .. .. .. .. .. 1,290,816 Transferred from Purchase and Sale Account (Final), 1944-45 Season .. .. 144,029 Cheese-crate and butter-box pools stabilization payments to 31st July, Transferred from Purchase and Sale Account, 1945-46 Season .. .. .. 5,823,468 1946 .. .. .. .. .. .. .. 97,536 Transferred from Dairy Produce Account 1945-46 .. .. .. .. 1,113,346 7,099,805 Increased costs of storage, of dairy-factory requisites and of insurance to f.o.b. on increased values of dairy-produce .. .. .. .. 11,166 Balance as at 31st July, 1946 .. .. .. .. .. .. 4,703,240 £11,824,711 £11,824,711 Note.—The Dairy Industry Stabilization Account was opened in terms of the stabilization agreement between the Government and representatives of the farming industries (see annual report for 1942-43, pages 3 to 6). The debits to the account will be the costs allowances and other costs of stabilization in terms of the stabilization agreement. The credits to the account a it (a) the surplus in the Dairy Produce Account and (6) the proceeds of increases in sale-prices received after 15th December, 1942.

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