H.—3OA,

HONEY SECTION. Pool Account for the Year ended 31st March, 1942. Dr. Cr - £ Stocks on hand as at Ist April, 1941— £ £ Balance from last year .. .. .. .. 2,040 Local 5,002 Sales- £ Export .. .. •• •• •• 2,984 London .. .. .. .. 5,934 7,986 New Zealand .. .. .. .. 53,030 Honey on consignment .. .. •• 55,790 58,964 Honey purchased .. .. •• •• •• 562 Exchange.. .. .. .. .. •• 3,093 Administration expenses (salaries, rent, telephones, Sundry credits .. .. .. .. .. 91J stationery, &c.) .. .. .. •• •• 1,833 Transfer from seals reserve .. .. .. .. 4,000 Advertising ' .. .. • • • • • ■ 2 09 Stocks on hand as at 31st March, 1942 — £ Commission, excluding export .. .. •• 840 Local .. .. .. .. .. 7,353 Local Pool Account expenses— Export .. .. .. .. .. 10,188 New Zealand Depot blending and packing £ 22,0il expenses .. •• •• 12,218 Freight and cartage .. .. •• 2,191 8 14,409 Export Pool Account expenses — London Depot and New Zealand expenses .. 5,322 Handling, freight, and shipping .. .. 4,361 9,683 Balance forward to next year .. .. • • 245 £91,557 £91,557 Butter Equalization Account for the Year ended 31st March, 1942. Dr. £ Gr - , , £ Equalizing payments under section 12, Marketing Balance from last year .. .. .. .. 376,613 Amendment Act, 1937— Differentials— (a) Charges payable to dairy factories mainly in (a) Net amount received or receivable under the connection with storing of butter for local Butter Marketing Regulations 1937, clause 31 251,446 consumption during the winter months in the (b) Indirectly accrued under the Butter Marketing South Island, and not allowed for in the butter Regulations 1937, clause, 16, representing the differential— £ difference between the proceeds of butter withPrcight and cartage .. .. 352 drawn from export, &c., for sale at the regulated Reworking and defrosting .. 153 local price (less allowances for patting, &c.) Storing and freezing .. .. 2,785 and the amount paid for purchase at the f.o.b. Bulking and parchment .. .. 36 guaranteed price, as follows— £ Interest and insurance .. .. 1,109 Sales at the regulated local price .. 688,533 4,435 Plus stocks on hand 31st March, (b) Payments to authorized distributors in connection 1942 (valued at guaranteed f.o.b. with the sale of butter as ships' stores to price) .. .. .. 210,246 foreign-going vessels, sales to island dependencies, climatic and servicing allowances, &c. 16,049 _ 898,779 Payments under section 11, Marketing Amendment Act, Less purchase at guaran- £ PJ37 £ teed f.o.b. price .. 751,172 Freight and cartage .. • ■ • • 6,063 Plus stock on hand Ist Reworking and defrosting .. • • 82 April, 1941 (valued- at Agency, wharfage, marine insurance .. 251 guaranteed f.o.b. price) 130,489 Storage and freezing .. .. •• 8,562 881,661 Insurances .. •• •• •• 1,017 17,118 Grading fees .. .. •• 1,467 6 17,442 Overhead and administrative expenses .. 4,176 Less credit for interest on balance of account 3,176 1,000 Balance forward to next year .. •• •• 606,251 £645,177 £645,177 Balance-sheet as at 31st March, 1942. £ £ Creditors .. •• •• •• •• 188,067 Land .. .. .. .. .. .. Reserve for renovations and repairs to Thorndon premises 473 Buildings .. .. .. •• •• '.Z,. Reserve for Public Service Superannuation Fund .. 160 Motor vehicles and bicycles.. .. .. .. 1,663 Reserve for insurance on fruit in transit and cool stores Loose tools and equipment, plant, furniture, and office in New Zealand 1.500 appliances 22,508 Reserve for taxation 1.991 Stock in trade .. 307,846 Reserve for honey advertising (London) .. .. 10,374 Stocks of consumable stores .. .. .. 14,179 Honey Seals Account .. •• •• •• 11,156 Debtors .. .. .. .. .. .. 331,820 Honey Pool Account 245 Payments in advanoe ■ • • • " " Butter Equalization Account .. •• •• 606,251 Rent on Auckland building capitalized .. .. 4,532 Egg Pool Account.. .. .. •• •• 2,893 Cash in hand and at bank .. .. .. .. 143,722 Writing off Reserve .. .. .. •• 4,497 Losses in Suspense .. .. .. .. 4,497 Profit and Loss Appropriation Account .. •• 40,336 £867,943 £867,943 R. P. Fraser, Acting-Director. G. C. Jupp, Accountant. I certify that the Trading Account, Profit and Loss Account, and Appropriation Account, the Butter Equalization Account the Honey Section Local and Export Pool Account, and the Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. —Cyril G. Collins, Controller and Auditor-General. Approximate Cost of Paper.—Preparation, not given; printing (533 copies), £28.

By Authority: E. V. Paul, Government Printer, Wellington. —1943. Price (id. I

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