Committee Reports::Interim and Final Report - Appropriation Accounts 1964 - 1965::17 November, 1966::Appendix


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APPENDIX XXIX.

PIGS AND BACON COMMISSION—STATEMENT OF ACCOUNTS FOR YEAR ENDED 31st DECEMBER, 1964

General Fund for Year ended 31st December, 1964

							£	£								£	£
Fees and Expenses of the Commission					..	..	4,576
Salaries, Wages and Fees			..	..	..	..	56,438		Balance at 1st January, 1964				..	..	..		61,592
Travelling and Representation Expenses					..	..	9,974
Rent, Rates, Repairs and Maintenance					..	..	6,637		Levies	..	..	..	..	..	..		1,088,569
Printing, Telephone and General Expenses						..	11,657
Furniture and Fittings			..	..	..	..	370		Bank Interest		..	..	..	..	..		3,508
								89,652
Advertising and Publicity			..	..	..	..		49,620	Exchequer Grant in Aid for development of:
Technical Services to the Industry					..	..		5,461	Export Markets for Pigment and Pigmeat
Sow Distribution Scheme—Deficit					..	..		2,243	Products		..	..	..	..	..		37,387
Pork Exports:									Receipts from Sales of Bacon under “Standing
Purchases		..	..	..	..	..	1,302,247		Orders” arrangement			..	..	..	..	1,640,327
Freight	..	..	..	..	..	..	66,046
Insurance		..	..	..	..	..	3,365		Less: Payments to Curers			..	..	..	..	1,640,327
Cost of Pork Sold		..	..	..	..	..	1,371,658
Less Realised on Sale			..	..	..	..	1,086,771
Cost of Sales Support			..	..	..	..	284,887
Add Direct Subsidy			..	..	..	..	17,673
Total Cost of Support for Pork Exports					..	..		302,560
Transfer to Bacon (Price Stabilisation) Fund						..		706,986
Balance at 31st December, 1964				..	..	..		34,534
								£1,191,056									£1,191,056

Pigs (Insurance) Fund for Year ended 31st December, 1964

						£								£
Compensation	..	..	..	..	..	145,165	Balance at 1st January, 1964				..	..	..	4,153
							Levies	..	..	..	..	..	..	126,847
							Balance—Deficit at 31st December, 1964						..	14,165
						£145,165								£145,165

Bacon (Price Stabilisation) Fund for Year ended 31st December, 1964

							£	£							£
Bacon Exports:									Balance at 1st January, 1964			..	..	..	386,642
Purchases		..	..	..	..	..	7,292,855
Freight	..	..	..	..	..	..	211,113		Investment Interest	..	..	..	..	..	449
Insurance	..	..	..	..	..	..	3,528
									Transfer from General Fund			..	..	..	706,986
Cost of Bacon Sold			..	..	..	..	7,507,496
Less Realised on Sale			..	..	..	..	5,647,443		Exchequer Contribution		..	..	..	..	1,400,000
Cost of Sales Support			..	..	..	..	1,860,053
Add Direct Subsidy			..	..	..	..	318,799
Total Cost of Support for Bacon Exports						..		2,178,852
Balance at 31st December, 1964				..	..	..		315,225
								£2,494,077							£2,494,077

Balance Sheet as at 31st December, 1964

LIABILITIES								ASSETS
						£	£									£
Sundry Creditors	..	..	..	..	..		369,494	Cash at Bank and in Hand			..	..	..	..	..	57,497
Sow Distribution Scheme—Reserve				..	..		2,000	Sundry Debtors		..	..	..	..	..	..	614,150
General Fund	..	..	..	..	..		34,534	Sow Distribution Scheme—Value of Contracts						..	..	22,678
Bacon (Price Stabilisation) Fund			..	..	..		315,225	Investments at Cost—Bacon (Price Stabilisation) Fund (Market Value at 31st December, 1964—£13,411)						..	..	14,846
Exchequer Grant in Aid (1962) for the development of Export Markets for Pigmeat and Pigmeat								Fixtures and Fittings			..	..	..	..	..	20
Products	..	..	..	..	..	75,000
								Lands	..	..	..	..	..	..	..	4,840
Less Expended to 31/12/1964			..	..	..	68,057
								Pigs (Insurance) Fund			..	..	..	..	..	14,165
							6,943
							£728,196									£728,196

R. B. GODSIL, Chairman.

W. R. DAY, General Manager.

24th September, 1965.

REPORT OF THE COMPTROLLER AND AUDITOR GENERAL

I have examined the foregoing Accounts and Balance Sheet as required by Section 16 of the Pigs and Bacon (Amendment) Act, 1961. They have been prepared in the form approved by the Minister for Agriculture and Fisheries, and are as shown by the Books of the Pigs and Bacon Commission. I have obtained all the information and explanations that I have required. In my opinion these Accounts and Balance Sheet are properly drawn up so as to exhibit a true and fair view of the transactions of the Commission for the year ended, 31st December, 1964, and of the state of its affairs at that date. I have no observations to make upon them.

	E. F. SUTTLE,
29th September, 1965.	Comptroller and Auditor General.