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DAIRY-PRODUCE— continued Purchase and Sale and Revenue Accounts, 1943-44 Season's Dairy-produce purchased up to 31st July, 1944 C B«t|r ry jIX. 'm 4 Total. creamery Whey Cheese _ P™d Total . T) J-'l ' X. X £ £ £ CT. £ £ £ £ £ Purchase on basis net f.o.b. .. 13,951,509 312,121 6,623,961 318,364 21,205,955 Sales net f.o.b. to United Kingdom 13,900,983 315,578 6,912 774 31° 881 21 442 ">l6 Gross surpluses carried down .. 130,771 9,037 728,813 3,060 871,681 To other destinations .. 24,193 .! 215.431 .! 239,' 624 Stocks in store awaiting shipment .. 157,104 5,580 224,'569 8,543 395^796 £14,082,280 £321,158 £7,352,774 £321,424 £22,077,636 £14,082,280 £321,158 £7,352,774 £321,424 £22,077,636 . ... £ £ £ £ £ £ £ £ £ £ Administrative and general expenses 29,137 652 13,834 665 44,288 Gross surplus brought down .. 130,771 9,037 728 813 3 060 871 681 Surplus carried down .. .. 101,634 8,385 714,979 2,395 827,393 a/i,b«i £130,7/1 £9.037 £728,813 £3,060 £871,681 £130,771 £9,037 £728,813 £3,060 £871,681 Net Revenue Account £ Suppliers' costs on " change-back" to supply for butter-manufacture •.. .. .. 3,489 Surplus brought down .. 897~Wt Dairy companies capital costs (redundant plant and buildings) 155,622 Transfer from Internal Marketing Division Butter Equalization Account 100^00 Government capital costs (emergency cool storage) .. .. .. .. .. 220,000 .. .. iuu,uuv Net surplus carried to Dairy-produce Account .. .. .. .. .. 54s' 282 £927,393 £927,393

Note. (1) The foregoing dairy-produce purchase and sale accounts represent the purchase of dairy-produce from dairy companies at the guaranteed purchase-prices and returns from the sale of the agreement S the H " T** Ureases in afterfL DecemL, 1942, t tern" "theltltlizatLn agreement between the Government and representatives of the farming industries, to the Dairy Industry Stabilization Account (see last year's annual report, pages 3 to 6).

Dairy-produce Account DT. £ £ ('f Deficit on 1936-37 season's produce .. .. .. .. .. 276,850 Surpluses— £ £ Less payment from Consolidated Fund 276,850 1937-38 season's produce 576 724 Deficit on 1938-39 season's produee o , 14 ' 88q J939-40 seasons produce 62 ; 3 63 T, i "i . "uopuuutc .. .. .. .. .. _ z,014,5»9 1940-41 season s produce .. .. .. .. 151 qeq Balance bemg net surplus from commencement of purchase up to 31st July, 1944, trans- 1941-42 season's produce " " 77Q'059 ferred to Dairy Industry Stabilization Account 332,378 1942-43 season's produce 734, '657 1943-44 season's produce purchased up to 31st July, 1944 .. .. 548 282 2,847,267 £2,847 ,267 £2 > Dairy Industry Stabilization Account : Transactions during the Year ended 31st July, 1944 £ Cr Che^(? f cra°e J q^niVa^u° StS aU ° WanCeS '" " " " " " 1> 493 >°98 Proceeds of increases in sale-prices received after 15th December, 1942 (United States Joint uneese-cra.e stabilization .. .. .. .. .. .. .. 22,389 Purchasing Board) .. .. .. .. .. .. .. .. 116.510 Transferred from Dairy-produce Account .. .. .. . . .. 332, 378 Balance .. .. .. .. .. .. .. .. 1,066^599 £1,510,487 £1,515,487

Xote. (1) The Dairy Industry Stabilization Account was opened in terms of the stabilization agreement between the Government and representatives of the farming industries (see last vear's annual report, pages 3 to 6). The debits to the account will be the costs allowances and other costs of stabilization in terms of the stabilization agreement. The credits to the account are (a) the surplus in the Dairy-produce Account and (6) the proceeds of mcreases m sale-prices received after 15th December, 1942. (2) The proceeds of the increases in sale-prices of butter (265. l|d. sterling per hundredweight) and cheese (12s. 6jd. sterling per hundredweight) which apply for the 1943-44 season, and which are referred to on page 5 of this report, were not received at the date of closing the accounts and consequently will be shown m next year's Dairy Industry Stabilization Account, g accounts, ana

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