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HONEY SECTION Pool Account for the Year ended 31st March, 1943 Dr. Or. £ Stoeks on hand as at Ist April, 1942— £ £ Balance from last year .. .. -. 245 Local . • ~ .. .. 7,353 Sales — £ Export .. .. •• •• 15,188 London .. .. .. 53,977 22,541 New Zealand .. .. .. 33,333 Honey purchased .. .. • • .. 33,807 87,310 Administration expenses (salaries, rents, tele- Exchange.. .. .. .. . ■ 5,11 M phones, stationery, &c.) .. .. •• 1,800 Sundry credits .. .. •• •• 794 Advertising .. •• •• •• 41 Stock on hand as at 31st March. 1943 : Local.. 3,45t> Commission, excluding export .. .. 636 Interest (London) .. .. • • • ■ 330 Local Pool Account expenses— New Zealand Depot blending and £ packing expenses .. 11,106 Freight and cartage .. .. 1,852 s 12,958 Export Pool Account expenses : London Depot and New Zealand expenses .. .. 20,230 Refund of amount withdrawn from Seals Account, 1942 .... .. •• •• 4 .000 Balance forward to next year .. .. 505 £96,908 £90,908 Stocks included in this account have been valued below cost to provide against possible recession in future market prices during or immediately alter the war. Butter Equalization Account for the Year ended 31st March, 1943 Dr. O. £ Equalizing payments under section 12, Market- Balance from last year .. .. . . 600,251 ing Amendment Act, 1937— Differentials— (а) Charles payable mainly in con- (a) Net amount received under the Butter nection with storing of butter r- Marketing Regulations 1937, clause 31 185,458 for local consumption during (?>) Indirectly accrued under the the winter months in the South Butter Marketing RegulaIsland and not allowed for in tions 1937, clause 10, reprethe butter differential— £ £ senting the difference between Freight and cartage ..1,281 the proceeds of butter withReworking and defrosting 347 drawn from export, &c., for Storing and freezing .. 3,130 sale at the regulated local Interest and insurance .. 879 price (less allowances for 5,637 patting, &c.) and the amount (б) Rebate on bulk purchases whey butter .. 1,012 paid for purchase at the f.o.b. (c) Payments to authorized distributors in guaranteed price, as follows: — connection with the sale of butter as Sales at the regulated local £^_ ships' stores to foreign-going vessels, price . . .. 619,592 sales to island dependencies, servicing- Plus stocks on hand, 31st allowances, &c 12,449 March, 1943 (valued at Payments under section 11, Marketing guaranteed f.o.b. price) 196,490 Amendment Act, 1937 :— £ Freight and cartage . . .. 5,520 Agency, wharfage, marine insurance 50 Less purchases Storage and freezing . . .. 10,018 at guaranteed £ Insurance .. .. •• 5,923 f.o.b price .. 584,418 Grading fees 1,582 Plus stock on 23,093 hand, Ist Overhead and administrative expenses .. 3,778 April, 1942 Reserve for comprehensive insurance cover on (valued at butter.. .. •• •• •• 3 ,000 guaranteed Balance forward to next year .. •• 708,524 i.o.b. price).. 210,246 21,418 Interest on balance of account .. .. 4,906 £818,093 £818,093 Balance-sheet as at 31st March, 1943 (Exclusive of Apple and Pear Accounts) Liabilities £ sse^s Creditors .. •• •• 511,450 Land .. .. .. •• •• \'l Reserve for repairs, renovations, and for Buildings .. .. .. •• 2 J'aur obsolesence of buildings .. 2,091 Motor-vehicles .. •• •• J ' BS5 Reserve for Public Service Superannuation Loose tools, equipment, plant, furniture, and Fund .. •• •• 160 office appliances 27, 97 Reserve for war damage and general insurance Stock in trade .. .. .. .. " on goods in transit and in cool stores .. 9,500 Stocks of consumable stores .. .. 11,191 Reserve for honey advertising (London) .. 14 Debtors . ,'' •• " " ',L Honey Pool Account 505 Payments m advance .. .. .. <"»> Butter Equalization Account .. •• 708,524 Rent on Auckland building capitalized .. 498 Vc, Pr.nl Account, .. •• 3,200 Cash m hand and at bank .. .. <.b8,635 Honey Seals Account 17,010 Shares in Combined Distributors, Ltd. .. 135 Writings off Reserve , 0 316 Losses m Suspense 315 Profit and Loss Appropriation Account .. 153,596 £1,481,223 £1,481,223 R. P. Fraser, Acting-Director. G. C. Jupp, A.R.A.N.Z., Accountant. I certify that the Trading Account, Profit and Loss Account, and Appropriation Account, the Butter Equalization Account, and Honey Section Local and Export Pool Account, and the Balancesheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—Cyrii. G. Collins, Controller and AuditorApproximate Cost of Paper.—Preparation, not given ; printing (065 copies), £25.

By Authority: E. V. Paul, Government Printer, Wellington. —1944. Price 6d.]

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