STATE ACTIVITIES IN VICTORIA

Dominion, Volume 10, Issue 2907, 20 October 1916, Page 7

STATE ACTIVITIES IN VICTORIA

SUBSTANTIAL LOSSES.

Returns; showing losses sustained an State activities, says, the "Australasian," were tabled in the Legislativo'Assembly at the request of the Lead'# of the Opposition (Mr. Elmslie) made at the beginning of the season. • The production and .loss incurred at the Maffra beet sugar factory since 131011 are set out in a return, Which gives the following'retails:— s ,

The profit, before charging interest and depreciation 19U-15, was ,£3107 10s. 10d.; while the interest, and depreciation amounted to i!GI93 7s.' sd. The profit before charging interest and depreciation in. 1915-16 was- ,£3145 Ss. 5d., while interest and depreciation represented l iE633t 6s. 9d. The accumulated loss from January 1, 1913 to Juno SO, 1916, amounted to .£19,858 4s. Gd. after interest and'depreciation had been met. No balance-sheets were prepared , before 1913. The area already promised for next season ia 1650 acres. '

The losses in operating tko various Government cool stores are out in n return as follow:—Burwood- East fruit cool store, ,£935 lis. Id,; Diamond Creek fruit cool store, .£IO9B 7s. Gd.;\Doncaster fruit cool Btore, .6871 : 3s. 9d.; Ringwood fruit cool store, .£lslO 35.; Tyabb fruit cool store,. ,£702 lis. Id.; Victoria Dock fruit cool stores, .E11,2-15. The Burwood East store was destroyed bv fire, and tho Ringwood store was sold laßt year. The loss shown in respect of the Victoria Dock stores was arrived at 'after having set aside the sura of £11,136 to meet interest on capital and depreciation on buildings arid plant sine© their opening. The coat to the State of experimental farms during tho three years from 191213 to 1914-15 (inclusive) was as follow:— Werribed Stato Research Farm, .£5358 •13s. (id.; Rutherglen Experimental Firnn, ,£2920 13s. id.; Wyuna Experimental Earm, ,£27« lis. Id. i

Beet Sugar Year- treated, produced, Tons. Tons. 1910-11 5,970 482 191M2«....... 3,975 519 1912-13 G.20S ' 64S ■ 1913-11 : 7,432 820 1914-15 8,813 1,181 . 1915-16 1.92S '560 ■ lievemie. Expenditure , ' Year. ' ■; £ • :£ 1910-11 . - 13,019 1911-12 .....I.. 9,299 29,277 1912-13 14,465 20,929 1913-14 20,979 32,493 , 1914-15 22,281 "'25,227 1 " 1915-16 '... 32,652 18,692 -