2—H 30a

H—3oa

Butter Marketing Regulations 1937, clause 16: Excess of expenditure over income, representing the difference between the proceeds of butter withdrawn from export, &c, for sale at the regulated local price (less allowance for patting, &c), and the amount paid for purchase at the f.o.b. guaranteed price as follows— £ £ Purchases at the guaranteed f.o.b. price .. 421, 827 Plus stock on hand, Ist October, 1946 (valued at f.o.b. guaranteed price) .. 11,979 433,806 Less sales at the regulated local price . . 419,389 Plus stock on hand, 30th September, 1947 (valued at f.o.b. guaranteed price) 4,524 423,913 9,893 Administration expenses .. .. .. .. .. b, 268 Amount paid to the Consolidated Fund, vote— Stabilization— being excess of income over expenditure for the periods— £ Ist August, 1946, to 30th September, 1946 .. 11,988 Ist October, 1946, to 31st July, 1947 .. .. 55,650 . 67,638 Balance forward to next vear, representing surplus as at 31st July, 1942 .. .. .. .. .. .. 664,296 £766,426 £766,426

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