H—44b

THE LINEN FLAX CORPORATION OF NEW ZEALAND Straw Purchase Account, Year Ended 31st December, 1948 (Figures to the nearest pound) Dr - £ Or, £ Crop purchases .. . . .. , . . . ~ 46,430 Cartage in (recoveries) .. .. .. .. .. 936 Pulling .. .. .. .. .. ~ .. 3,484 Cost of Production Account (prime cost transferred) .. , . 56 107 Labour supplied to growers .. .. ~ .. 84 Expenses of fibre determination .. , . .. . . 1,370 Interest to growers .. . . . , . . .. 57 Stacking and stooking ~ .. .. . . , . 3, 772 Minimum payments on reject crops.. .. .. .. I' 846 £57,043 Cost op Production Account,. Year Ended 31st December, 1948 Dr. £ Or. £ Purchases of straw (prime cost transferred) .. 56,107 Work in progress (31st December, 1948) .. 99 547 Work in progress (Ist January, 1948) ... . .. 44,319 Stocks of tow, seed, and meal .... .. '' 10'274 Stocks of tow, seed, and meal (Ist January, 1948) . . . . 11,776 Sales of— Factory salaries .. ... .. .. .. .. 10,921 Seed.. .. .. .. . 20 039 Power and light .. .. .. .. .. .. 3,199 Tow .. .. .. .. .. '' ' 30'677 Cartage and by-products export charges .. . . ... 9,748 Meal .. .. .. . . .. . . .. 3' 343 Rents, rates, and taxes .. .. .. .. .. 871 'Rents received and sundry revenue ... .. I^sBl Compensation and workers' accident insurance .. .. 1,300 Trading Account (cost of production transferred) . 136'942 Processing .. .. .. .. .. .. 66,295 Maintenance .. .. .. .. .. .. 14,616 Fire Insurance Reserve .. .. .. ~ .. 2,638 Depreciation .. .. .. ~ .. 7,775 Factory, office, and travelling expenses .. .. .. 2,838 | £232,403 I , £232,403

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