H.—3o.

PRIMARY PRODUCTS MARKETING DEPARTMENT— continued. DAIRY-PRODUCE EXPORT DlVlSlON—continued. CHEESE. Purchase and Sale Account, 1937-38 Season—continued. Shipments for which Complete Sale Proceeds have been received at 31st July, 1938. ' £ Or. £ £ Purchase of 576,820 crates 2,973,990 Sales of 576,820 crates (less United Kingdom Balance carried forward (surplus on 576,820 crates) .. 20,911 selling - charges, including landingcharges, agents' commission, trade discount, and storage) .. .. 3,316,650 Less— £ Freight .. .. .. 314,344 Insurance .. . . 7,405 321,749 > j; 2,994,901 L ' £2,994,901 Shipments for which only Partial Sale Proceeds have been received at 31st July, 1938. ■ £ I Cr. f £ Purchaso of 432,556 crates 2,207,891 Balance brought forward (surplus on Balance carried forward (estimated surplus on 576,820 crates .. .. 20 911 .1,009,376 crates) .. .. .. .. 97,631 Sale of 297,310 crates (less United Kingdom selling-charges, including landing-charges, agents' commission, trade discount, and storage) .. .. .. .. 1,717,959 Estimated sale value of 135,246 crates in store, United Kingdom or afloat, at 31st July, 1938 (basis of valuation, 70s. 3d. per hundredweight sterling, less United Kingdom selling-charges) 806,467 2,524,426 Total crates, 432,556. Less— £ Freight .. .. .. 234,253 Insurance .. .. 5,562 239,815 2,284,611 £2,305,522 £2,305,522 Stocks in Store in New Zealand awaiting Shipment at 31st July, 1938. ® r • £ Cr. £ ■ £ Purchase value of 166,804 crates .. .. ..842,268 Balance brought forward (estimated surplus Balance carried forward (estimated surplus on 1,176,180 on 1,009,376 crates) .. .. 97 6'-51 crates), (83,078 tons 3 cwt.) .. .. .. 146,091 Estimated sale value of 166,804 crates (basis of valuation, 70s. per hundredweight sterling, less United Kingdom selling-charges) .. 982,369 Total crates 1,176,180 (83,078 tons 3 cwt.) Less— £ Freight .. .. .. 89,421 Insurance .. .. .. 2,220 , . . . 91,641 _____ . 890,728 £988,359 £988,359 £ £ Proportion of administration and general expenses v. 45,644 Balance brought forward .. • ~••• 146 091 Balance to Dairy Industry Account (being estimated • '• surplus on sale of cheese).. .. .. .. 100,447 ' i"^ £146,091 £146,091 (Note.—Of. the produce unsold at balance date, .the. portion hajs since realized..prices. in. excess ,of .the valuation figures.)

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