H.—3Bb

50

New Zealand Wool and Sheep-skins Purchase Trading Account for the Twelve Months ending 31st March, 1919.

Estimate of Rebates on Military Wools and Division of Remaining Profits for the Year ending 31st March, 1919.

Analysts of Sales for'the Year ending 31st March, 1919. Showing the Invoice Weights and Values sold for Military and Civil Purposes respectively. New Zealand Wool. Wool sold for military purposes — lb. £ France.. .. .. .. .. .. .. 15,444,257 1,912,762 Italy .. .. .. .. .. .. .. 226,646 30,188 United Kingdom .. .. .. .. .. 21,651,352 3,300,668 37,322,255 5,243,618 Wool sold for civil purposes .. .. .. .. .. 2,135,131 328,314 39,457,386 5,571,932 Special direct shipments (not subject to rebate) .. .. .. 21,663,736 2,355,569 61,121,122 £7,927,501 On sales of £5,571.932 divisable profits were made of £1,524,042, or 27-35 per cent, of the sales.

Comparative Figures, 31st March, 11)1.8. Comparative Figures, 31st March, 1918. : 13,722,855 -; 59,963 8,988 2,013,648 1918. Mar. 31 — To Stock at estimated cost in England, including charges 1919, Mar. 31-^ To Purchases landed, at appraised prices plus charges in New Zealand Net loss on revaluation after scouring and fellmongering Loss on wool by lire in New Zealand, at appraised prices plus charges thereon Freight, port dues, and warehousing Railway carriage (estimated cost of free transit) Loss in exchange on remittances Administrative expenses, including remuneration of Committee of London Wool-brokers, valuation fees, salaries, and other general exlb. 56,305,519 99,702,044 £ 5,341,005 7,218,305 193,281 5,672 3,673,446 8,810,005 842,649 20,170 434 23,778 1,750 1919, Mar. 31— By Sales Transfers, at estimated cost prices— Top-distribution Blending and scouring Carbonizing Auction Interest received on overdue accounts Sale of bagging and hooping War and marine risk (estimated sea - water damage to wools landed) Adjustment rrf commencing stock due to overestimate of provision for war and marine risk at 31st March, 1918 Difference in valuing, 31st March, 1918, overstated Stock, at estimated cost in England, including charges lb. 01,121,122 59,389,136 12,308,438 82,724 31,621 £ 7,927,501 5,409.770 1,102,663 0.734 2,503 1,170 26,605 13,000 205,711 904,716 136,790 100,520 47,062 58,000 54,209 74,624 41,070 5,341,005 23,546.550 2,374,350 1,653.566 612,700 penses Provision for war and marine risk on wool shipped at current commercial rates Interest for the use of Government capital employed Gain in weight Trading profit 256,758 703,400 389,041 472,034 2,300,889 18,719,237 156,479,597 £17,124,216 £18,719,237 156,479,597 £17,124,216

Adjusted pro] Estimated a^■..„+«.! Maximum Rebates Adjusted Profits. Qn Wo(l|8 RoW f01 . Military Purposes. New Zealand's Share of Profits on Wools sold lor Civil Purposes. £ New Zealand w'6'ol and sheep-skins .. .. .. .. 1,524,042 New Zealand wool (direct shipments), Nos. 1 and 2 clips 517,740 New Zealarrd wool (direct shipments), No. 3 clip .. . . 140,107 Top-distribution and merchant noils., Blending and scouring Carbonizing Underwriting profit Special allowance to New Zealand for wool sold of 1918-19 clip on basis of rate of profits paid Australia i I £ 1,434,241 £ 34,529 199,071 70,054 574,618 5,697 2,041 83,316 22,318 £991,644