H—44b

THE LINEN FLAX CORPOKATION OF NEW ZEALAND Straw Purchase Account, Year ended 31st December, 1947 (Figures to the nearest pound) Dr. £ Gr - £ Crop purchases 73,978 Cartage in (recoveries) .. .. .. .. .. 818 Pulling . . .. .. . . . • • ■ ■ • 1,689 Cost of Production Account (prime cost transferred) .. hi, 387 Labour supplied to grower . . .. . . • • 109 Expenses of fibre determination .. .. .. •■ 1,328 Interest to growers . . . . . . .. • • 104 Stacking .. .. .. • • •• •• 4 > 782 Minimum payments on reject crops .. .. •• 1,215 £83,205 ' £83,205 Cost of Production Account, Year ended 31st December, 1947 Dr £ Gr - £ Purchases of straw (prime cost transferred) .. .. 82,387 Work in progress (31st December, 1947) 44,319 Work in progress (Ist January, 1947) .. .. .". 44,575 Stocks of tow, seed, and meal ~ .. .. .. 11,77b Stocks of tow, seed, and meal. (Ist January, 1947) .. .. 10,807 Sales of— Factory salaries •■ 11,780 Seed Wm% Power 'and light .. •■ 3,195 Tow •• 27,0*6 Cartage .. .. .. •• •■ 7,251 Meal ~ .. .. .. .1 .. •• 4,562 Rents! rates, and taxes 817 Rents received and sundry revenue .. .. .. i J : »JJ3 Compensation and workers accident insurance .. .. 1,708 Trading Account (cost. of production transferred) .. .. li>A,d4> Processing .. . . . ■ . . • . . , 74,339 Maintenance .. .. .. .. •• •• 17,944 Fire insurance reserve . . . . . . . . • • 2,481 Depreciation .. .. .. .. •■ •■ 0,992 Factory, office, and travelling expenses ~ .. .. 1,275 Interest on loan capita] .. ~ ~ .. .. 6,092 £271,043

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