£1,080,529 LOST ON FOOD PRODUCTION

Dominion, Volume 13, Issue 42, 13 November 1919, Page 5

£1,080,529 LOST ON FOOD PRODUCTION

A British White I'micr issued by the Board of Agriculture mid Fisheries dealing with the financial results of Olio principal trading .-chenies earned out by we Food Production Department, shows Unit on these schemes llie.ro was il net loss of J;l,080,520. The biggest lose and the bijtgesli expondiluro wore in connection witih inoiortractor ploughing. 'The purchases made under tnis heading for; the year enilisl March 31, 1918, amounted to" .E1,G29,179, and the additional expenses, including administration, interest, etc., added another .CG15.902, bringing the full total to .£2,245,081. The receipts for work done or from sales realised only JJ32!!,472, wihile the stocks on hand at closing date, less depreciation,' were valued at ,i.'1,052,G39, these two items totalling ai1.405,111, leaving an expenditure in excess of income of i.-83!),970. Horse-ploughing for the same period showed an expenditure in excess of income of X 155,579. Similar explanations are offered for tiliis loss as in connection with the motor-tractor ploughing. Surphise* were shown by the seed potatoes (1917-18) schemes and Uio fruit-pre-serving sugar sohein.\ the former giving a profit of ,£4320 and tihe latter one of £1653.