H—3o

MARKETING DEPARTMENT (EXPORT DIVISION) DAIRY-PRODUCE Administeation and Geneeal Expenses Account foe the Yeae ended 31st July, 1947 United New Gr. Kingdom. Zealand. Total. Allocation of expenses to Purchase and Sale Accounts— Dr. £ £ £ 1945-46 season's produce— £ £ Salaries .. .. .. .. .. .. 12,469 12,391 24,860 Creamery butter .. .. .. .. .. .. 1,112 Office rent, maintenance, cleaning, telephones, and sundry Whey butter .. .. .. .. .. .. .. 6 expenses .. .. .. .. .. .. 1,683 2,516 4,199 Cheese .. .. .. .. .. .. .. 394 Postages, cables, printing, and stationery .. .. .. 377 1,351 1,728 1,512 "Travelling-expenses .. .. .. .. .. 488 2,577 3,065 1946-47 season's produceSubscriptions, donations, and entertainment .. .. 29 .. 29 Creamery butter .. .. .. .. .. .. 47,331 Shipping inspection .. .. .. .. .. 2,536 839 3,375 Whey butter .. .. .. .. .. .. .. 821 Agency expenses: Lyttelton .. .. .. .. .. 225 225 Cheese .. .. .. .. .. .. .. 18,079 Audit expenses .. .. .. .. .. .. 390 390 Processed milk products.. .. .. .. .. .. 4,043 Depreciation .. .. .. .. .. .. 309 315 624 70,274 £17,891 £20,604 38,495 Advertising in United Kingdom (including " background advertising ") .. .. 25,233 Miscellaneous expenses .. .... .. .. .. .. 114 Cost of remittances to dairy companies .. .. . . .. .. 7,725 Subsidy, Public Service Superannuation Fund ~ .. .. .. 219 £71,786 £71,786 Final Puechase and Sale and Revenue Account 1945-46 Season's Daiey-peoduce Creamery Whey Creamery Whey Butter. Butter. Cheese. Total. Gr. Butter. Butter. Cheese. Total. Dr. £ £ £ £ Sales net f.o.b. after 31st July, 1946— £ £ £ £ Stocks in store at 31st July, 1946 .. 176,925 .. 155,787 332,712 To United Kingdom .. .. 718,601 3,630 359,323 1,081,554 Purchase on basis net f.o.b. after 31st To other destinations .. .. 46,557 .. 12,504 59,061 July, 1946 .. .. .. 451,241 2,640 159,692 613,573 Transfer to Dairy Industry Stabilization Account (being proceeds of increases in sale prices of dairy-produce after 15th December, 1942) .. .. 131,204 871 37,899 169,974 * Gross surpluses on transactions after - 31st July, 1946, carried down .. 5,788 119 18,449 24,356 £765,158 £3,630 £371,827 £1,140,615 £765,158 £3,630 £371,827 £1,140,615 1 ===== , Gross surpluses on transactions after £ £ £ £ £ £ £ £ 31st July, 1946, brought down .. 5,788 119 18,449 24,356 Administration and general expenses 1,112 6 394 1,512 Net surplus on transactions after 31st July, 1946, carried down .. .. 4,676 113 18,055 22,844 £5,788 £ll9 £18,449 £24,356 £5,788 £ll9 £18,449 £24,356 —» __ ===== „ Net surplus on transactions after 31st July, 1946, brought down.. .. .. 22,844 Balance, being final surplus on purchase and sale of 1945-46 season's production £ Net surplus on transactions up to 31st July, 1946 (as shown in accounts for year carried to Dairy-produce Account .. .. .. .. .. 1,114,605 ended 31st July, 1946) .. .. .. .. .. .. ..1,091,761 £1,114,605 £1,114,605

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