H—3o

The following alterations to the export levy rates were made during the year :

The following hides " freed for export" during the year are estimated to produce £442,038 in levy collections :

Statistics.—The following table shows the number of hides claimed by the tanners, and the number freed for export from all sales held under the Hides Emergency Regulations 1940 (No. 2) during the year Ist April, 1946, to 31st March, 1947 :

Financial Report.—This is set out in detail below and, based on the number of hides handled in terms of the Regulations, the cost is o*2sd. per hide, as against 0-3 d. for previous years. Hides Equalization Fund as ax 31st March, 1947 Receipts Payments £ s. d. £ 8. d. Bank balance at Ist April, 1946 .. 26,150 9 8 Claims paid to tanners, freezing cornBalance payment of subsidy of £40,000 panies, and exporters .. .. 319,081 8 2 from War Expenses Account to stabil- Interest on overdraft at bank .. 2,855 11 0 ize balance at 31st January, 1946 .. 5,000 0 0 Expenses—• £ s. d. Salaries .. .. 663 6 8 £ s. d. Bent and telephone .. 52 10 0 Levy on hides exported .. 169,568 14 0 Postage and telegrams .. 62 17 0 Less cost of collection.. 2,394 15 0 Stationery .. .. 63 0 6 167,173 19 0 Audit fee .. .. 20 0 0 Levy on leather exported .. .. 14,176 310 Bank fee and cheque-book 210 0 Travelling-expenses .. 59 10 10 212,500 12 6 Bureau fees.. .. 7 9 3 Overdraft at Bank of New Zealand .. 110,367 10 11 931 4 3 £322,868 3 5 £322,868 3 5

3—H 30

41

Levy Rates in Force as from— 1st April, 5th September, 18th October, 20th November, 11th February, 1946. 1946. 1946. 1946. 1947. d. d. d. d. d. Ox-hides li 10 12 15 16 Cow-hides U 10 12 15 16 Bull-hides l 6 6 9 10 Yearlings .. li 10i 12£ 16 17 *Calf-skins 3 15 20 25 26 * Other than freezers.

From Ox. Cow. Bull. Yearlings. Calf. Estimated Levy. 1st April, 1946 5th September, 1946 18th October, 1946 20th November, 1946 11th February, 1947 23,140 8,363 8,189 9,137 12,057 169,705 23,234 17,124 34,210 30,315 18,584 1,428 508 4,188 7,546 6,238 6,472 3,155 5,758 2,763 8,734 7,958 6,047 10,632 4,764 £ 41,768 66,580 61,310 129,810 142,570 60,886 274,588 32,254 24,386 38,135 442,038

—- Ox. Cow. Bull. Yearlings. Calf. Tanner Export 133,535 60,886 254,791 274,588 2,265 32,254 38,309 24,386 31,871 38,135 Total 194,421 529,379 34,519 62,695 70,006