H.-38b

New Zealand Wool and Sheep-skins Purchase Trading Account for the Twelve Months ending 31st March, 1920.

Statement of Profits, and Interest thereon, to 31st Maucii, 1920.. 1918, Mar. 31— £ By Share of net profits to date .. .. .. .. .. .. 627,425 1919, Mar. 31— By Share of net profit to date . . .. .. .. . . . . 991,644 Paid, July, 1920 .. .. .. .. .. 1,619,069 1920, Mar. 31— By Interest on profits .. .. .. .. .. .. .. 31,400 1,650,469 Interest on profits . . .. .. . . .. .. .. 82,523 1,732,992 Share of net loss to date (deduct) .. .. .. .. .. 605,117 £1,127,875

Estimate of Relates on Military Wools and Division of Remaining Profits for the Year ending 31st March, 1920.

52

Comparative Figures, 31st March, 1919. Comparative Figures, 31st March, 1919. £ lb. £ £ lb. lb. £ 5,341,005 7.218,305 193,281 5,672 904,716 100,520 58,000 41,670 1919, Mar. 31— To Stock, at estimated cost in England includirrg charges 1920, 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 fire in New Zealand, at appraised prices plus charges thereon Freight, port dues, and warehousing Railway carriage (estimated cost of free transit) Loss in exchange in remittances Administrative expenses, including remuneration of Committee of London Wool-brokers, valuation fees, salaries, and other general expenses Provision for- marine risk on wool shipped at current commercial rates Interest for use rrf Government capital employed Reserve of 35 per cent, for depreciation in value of stock in Dominion and afloat, by the instructions of the Minister Gain in weight Trading profit 23,546,556 272,925,669 I 2,374,350 20,112,141 170,428 411 2,448,366 71,063 165,782 7,927,501 5,409,770 1,102,663 6,734 2,503 1,170 26,605 13,000 205,711 54,209 1920, Mar. 31— By Sales Transfers, at estimated cost prices— Top-distribution Blending and scouring Carbonizing Auction interest received on accounts overdue Sale of bagging and hooping Marine risk (estimated sea-water damage to wools landed) Adjustment of e o m - mencing stock due to overestimate of provision for marine risk at 31st March, 1918 Difference in valuing, 31st March, 1918 .. Stock, at estimated cost in England including charges £7,660,323 Loss Reserve of 35 per cent, for depreciation in value of wool, by the instructions of the Minister £2,675,863 Trading loss 203,676,627 3,263,564 357,710 138,413 70,422 13,676,627 24,582,847 3,263,564 262,533 357,710 31,453 138,413 7,677 70,422 6,469 25,713 11,592 55,500 89,516,926 2,374,350 256,758 219,608 4,984,460 2,258,993 703,400 1,037,174 5,621,914 551,437 7,023,662 32,227.237 2,300,889 17,124,216 297,023,662 32,227,237 17,124,216 297,023,662

Trading Accounts. New Zealand's Share ol Profits (or Loss) orr Wools sold for Civil Purposes. Invoice Weight Wool: ;s arrd Value of s sold. £ Jew Zealand wool (all sold for civil purposes) 2,297,301 (loss) few Zealand wool (direct shipments) .. 38,308 (profit) £ 934,197 (loss) 15,578 (profit) lb. 202,187,906 1,488,721 £ 24,430,787 152,000 203,076,627 £24,582,847 'op-distribution and merchant noils .lending and scouring.. iarbonizing Jnderwriting profit . . .. ... 221,736 1.7,884 8,462 65,420 005,117 (loss)