H—3o

20

Casein As referred to in last year's report, a contract was entered into with the United Kingdom Board of Trade for the exportable surplus of lactic casein available from the seasons 1946-47, 1947-48, and 1948-49 at a sale price of £lOO sterling per ton f.o.b. for each of the three seasons. A further contract was entered into with the United Kingdom Board of Trade for rennet casein, as under : 250 tons, 1946-47 season, at £2OO sterling per ton f.o.b. 950 tons, 1947-48 season, at £l5O sterling per ton f.o.b. 950 tons, 1948-49 season, at £lOO sterling per ton f.o.b.

The quantities and values of shipments for the twelve months ended 31st July, 1947, were as follows:

PAYMENTS MADE BY DAIRY-FACTORY COMPANIES FOR BUTTERFATSUPPLIES The following tabulation shows the average butterfat-prices paid to suppliers of butter- and cheese-manufacturing companies. It should be borne in mind that when making comparison of butterfat payouts of companies it is necessary to take into consideration the location of the factories and special circumstances pertaining to individual companies, as those factors reflect appreciably on manufacturing and transport costs Payments by Dairy Companies for Butterfat-supplies (In pence per pound of butterfat) New Zealand average— Butter. Cheese. 1946-47 season .. .. .. 16-790 18-852 +5-185* +5-185* 2l-975 24-037 1945-46 season .. .. .. 16-664 18-980 +3-904* +3-904* 2O-568 22-884 1944-45 season .. .. •• 16-903 19-168 +2-887* +2-887* l9-790 22-055 1943-44 season .. .. .. 16-830 18-888 +O-767* +O-767* l7-597 19*655 1942-43 season .. .. .. 16-569 18-577 1941-42 season .. .. .. 16-017 48^025 1940-41 season .. .. .. 16-106 18-043 1939-40 season .. .. .. 16*179 18-091 1938-39 season .. .. .. 16*087 18*060 1937-38 season .. .. .. 14*812 16*389 1936-37 season .. .. .. 13*558 15*176

* Farm-costs allowances (see page 13).

— Sacks. Weight. Value. Tons. £ Lactic casein 27,148 1,697 211,033 Rennet casein 3.750 195 48,496