Committee Reports::Interim and Final Report - Appropriation Accounts 1942 - 1943::26 April, 1945::Appendix


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Committee Reports > List of Committees > Dáil > 1945 > Committee of Public Accounts > Interim and Final Report - Appropriation Accounts 1942 - 1943

APPENDIX VII.

(Q. 513.)

RETURN SHOWING EXPENDITURE OUT OF THE PROVISION IN THE VOTE FOR AGRICULTURE FOR THE PURCHASE OF CREAMERIES FROM THE COMMENCEMENT OF THE SCHEME IN MARCH, 1927, TO 31st MARCH, 1943.

							March, 1927 to 31st March, 1931	Year ended 31st March, 1932	Year ended 31st March, 1933	Year ended 31st March, 1934	Year ended 31st March, 1935	Year ended 31st March, 1936	Year ended 31st March, 1937	Year ended 31st March, 1938	Year ended 31st March, 1939	Year ended 31st March, 1940	Year ended 31st March, 1941	Year ended 31st March, 1942	Year ended 31st March, 1943	Total
							£	£	£	£	£	£	£	£	£	£	£	£	£	£
1.	Creameries, proprietary and cooperative purchased for sale as
	working creameries				...	...	275,409	19,978	249	2,833	36,150	31,450	6,373	7,330	1,012	—	10,411	—	—	391,195
2.	Creameries, proprietary and cooperative purchased as redundant						135,053	—	—	—	—	—	—	—	—	—	—	—	—	135,053
3.	Grant towards the liquidation of a
	Creamery Society				...	...	—	—	—	—	—	1,000	—	—	—	—	—	—	—	1,000
4.	Expenditure on the supply of manures at half price to farmers in the Kenmare, Cahireiveen and
	Castletownbere districts				...	...	—	—	—	—	—	—	—	—	1,718	—	—	—	—	1,718
5.	Properties acquired other than
	Creameries		...	...	...	...	165,000	—	—	—	—	—	—	—	—	—	—	—	—	165,000
6.	Legal and Incidental Expenses
	(including stamp duty)				...	...	16,200	1,336	—	6,640	429	961	735	1,492	684	587	740	560	—	30,829
7.	Liquidators’ Fees and Expenses					...	200	300	70	1,820	—	—	1,023	21	202	21	—	42	115	3,814
8.	Compensation to Employees					...	11,000	243	91	39	378	1,897	912	55	20	—	—	—	—	14,635
9.	Revenue and Capital Expenditure on properties sold or in process of
	sale	...	...	...	...	...	—	—	—	—	—	—	—	—	—	—	—	—	—	—
10.	Revenue and Capital Expenditure
	on properties retained				...	...	141,533	6,153	118,305	400	300	401	2,047	—	11,700	—	—	—	—	280,839
11.	Expenditure on erection of new
	Creameries		...	...	...	...	5,321	6,164	17,850	7,178	24,281	21,802	20,014	17,301	15,518	7,248	7,695	1,776	331	152,479
12.	Headquarters Administration Expenses not included under other heads						—	—	2,604	2,625	1,164	2,373	2,238	2,234	2,164	1,476	1,493	1,570	1,686	*21,627
							750,181	34,174	139,169	21,535	62,702	59,884	33,342	28,433	33,018	9,332	20,339	3,948	2,132	1,198,189
Less: Interest accrued on Deposit Receipt							342	—	—	—	—	—	—	—	—	—	—	—	—	342
							749,839	34,174	139,169	21,535	62,702	59,884	33,342	28,433	33,018	9,332	20,339	3,948	2,132	1,197,847

THE DAIRY DISPOSAL CO., LTD., AND ASSOCIATED COMPANIES. CONSOLIDATED BALANCE SHEET AS AT 31st DECEMBER, 1943.

				£	s.	d.	£	s.	d.							£	s.	d.
LIABILITIES.										ASSETS.
Nominal capital:										Premises, Plant and Machinery, Travelling
21,120 Shares of £1 each			..	21,120	0	0				Creameries, Trade marks and goodwill					..	801,470	3	1
Issued capital:										Motor transport	..	..	..	..	..	12,111	18	11
20,072 Shares of £1 each			..	20,072	0	0
Less: Calls in arrear		..	..	72	0	0				Sundry debtors	..	..	..	..	..	293,689	18	2
							20,000	0	0
Sundry creditors	..	..	..				175,109	18	0	Stocks and stores		..	..	..	..	664,263	19	3
Department of Agriculture			..				713,744	4	4
Bank Overdrafts	..	..	..				331,436	8	3	Cash in Hand and at Bank			..	..	..	17,659	14	3
Reserve for Depreciation			..				325,974	12	0
Reserve for Losses on Realisation							124,575	16	5
General Reserve	..	..	..				8,790	3	5
Profit and Loss Account		..	..				89,564	11	3
							1,789,195	13	8							1,789,195	13	8

EINRI O FRIGHIL	Directors
MICHAEL McAULIFFE

AUDITORS’ REPORT.

We have examined the foregoing Consolidated Balance Sheet as made up to 31st December, 1943. It covers the Balance Sheets as already audited and certified by us of Newmarket Dairy Co., 1932, Ltd., Condensed Milk Co. of Ireland 1928, Ltd., Cleeves Confectionery Limerick, Ltd, Northern Irish Condensed Milk Distributors, Ltd., as well as the Balnace Sheet of the Dairy Disposal Co., Ltd. We have received all the information and explanations we have required and, in our opinion, such Balance Sheet is properly drawn up so as to exhibit a true and correct view of the combined state of affairs according to the best of our information and the explanations given to us and as shown by the books and records of the respective companies.

30 Westmoreland Street,	(Signed) KEAN & CO.,
Dublin.	Chartered Accountants,
6th May, 1944.	Auditors.

RECONCILEMENT SHOWING AMOUNT DUE BY THE DAIRY DISPOSAL CO., LTD., TO THE EXCHEQUER AS AT 31st DECEMBER, 1943.

						£	s.	d.								£	s.	d.
Amount advanced by Department of Agriculture									Amount surrendered to Department of Agriculture
up to and including 31st December, 1943*					..	1,173,502	3	9	up to and including 31st December, 1943						..	248,520	19	8
Interest accrued on sales of properties, creameries,									Expenses borne by the Exchequer in connection
milk supplies, etc.	..	..	..	..	..	56,505	1	0	with Scheme*		..	..	..	..	..	53,045	9	1
									Losses sustained on realising and reorganising
									creamery groups		..	..	..	..	..	90,120	15	3
									Balance:
									(1) Reserve for anticipated losses on realising properties on				£	s.	d.
									hands	..	..	..	124,575	16	5
									(2) Due to Exchequer			..	713,744	4	4
																838,320	0	9
						£1,230,007	4	9								£1,230,007	4	9

* In addition, similar expenses borne on other Subheads of the Vote since the commencement of the Scheme (including £5,242 in 1942-43) are estimated to amount to £49,723.

* Exclusive of headquarters administration expenses.