Committee Reports::Interim and Final Reports of the Committee - Appropriation Accounts 1966 - 1967::27 June, 1968::Appendix


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APPENDIX 24.

PIGS AND BACON COMMISSION—STATEMENT OF ACCOUNTS FOR YEAR ENDED 31st DECEMBER, 1966

General Fund for Year ended 31st December, 1966

1965																	1965
£							£	£								£	£
	Balance at 1st January				..	..		749,651	Balance at 1st January			..	..	..	..		34,534
4,186	Fees and Expenses of the
	Commission	..	..	..	..	..	4,304		Levies	..	..	..	..	..	..	1,422,296	1,137,073
76,337	Salaries, Wages and Fees				..	..	84,911
15,675	Travelling & Representation								Contribution by Industry towards administrative
	Expenses		..	..	..	..	15,625		cost of handling Pork				..	..	..	10,839	24,250
5,608	Rent, Rates, Repairs & Maintenance						3,996
11,844	Printing, Telephone & General								Exchequer Grant in Aid for development of
	Expenses		..	..	..	..	13,858		Export Market for Pigmeat & Pigmeat
									Products	..	..	..	..	..	..		6,943
2,468	Furniture & Fittings				..	..	3,070
								125,764
116,118									Bank Interest		..	..	..	..	..	7,299
2,305	Bank Interest			..	..	..
96,473	Advertising & Publicity				..	..		101,484	Exchequer Contribution (Pork)				..	..	..	350,000
8,139	Technical Services to the Industry							5,352
737	Sow Distribution Scheme—Deficit							1,710	Balance at 31st December				..	..	..		749,651
	Pork Exports:
4,915,378	Purchases		..	..	..	..	1,680,790
295,227	Freight		..	..	..	..	104,447
13,464	Insurance		..	..	..	..	4,216
5,224,069	Cost of Pork Sold			..	..	..	1,789,453
3,497,099	Less: Realised on Sale				..	..	1,443,562
1,726,970	Cost of Sales Support				..	..	345,891
1,709	Add: Direct Subsidy				..	..	9,451
1,728,679	Total Cost of Support for Pork							355,342
	Exports
	Transfer to Bacon (Price
	Stabilisation) Fund		..	..	..	..		250,000
	Balance at 31st December				..	..		201,131
1,952,451								£1,790,434								£1,790,434	1,952,451

Pig (Insurance) Fund for Year ended 31st December, 1966

1965																1965
£							£								£	£
14,165	Balance at 1st January		..	..	..	..		Balance at 1st January			..	..	..	..	10,772
152,938	Compensation	..	..	..	..	..	168,336	Levies	..	..	..	..	..	..	163,851	177,875
10,772	Balance at 31st December			..	..	..	6,287
177,875							£174,623								£174,623	177,875

Bacon (Price Stabilisation) Fund for Year ended 31st December, 1966

£						£	£						£	£
	Bacon Exports:							Balance at 1st January	..	..	..	..	520,017	315,225
8,891,423	Purchases		..	..	..	9,592,317
237,497	Freight	..	..	..	..	286,422		Investment Interest	..	..	..	..	471	464
3,247	Insurance	..	..	..	..	3,880
								Exchequer Contribution		..	..	..	1,470,000	2,860,000
9,132,167	Cost of Bacon Sold			..	..	9,882,619
6,572,288	Less: Realised on Sale			..	..	7,799,523		Transfer from General Fund		..	..	..	250,000
2,559,879	Cost of Sales Support			..	..	2,083,096
95,793	Add: Direct Subsidy			..	..	82,747
2,655,672	Total Cost of Support for Bacon
	Exports	..	..	..	..		2,165,843
520,017	Balance at 31st December			..	..		74,645
3,175,689							£2,240,488						£2,240,488	3,175,689

Balance Sheet as at 31st December, 1966

LIABILITIES									ASSETS
1965																	1965
£								£								£	£
									Sundry Debtors		..	..	..	..	..	890,897	877,591
293,717	Bank	..	..	..	..	..	..	99,915
									Sow Distribution Scheme—Value of Contracts							14,753	17,507
837,948	Sundry Creditors		..	..	..	..	..	541,377
									Investments at cost—Bacon (Price Stabilisation)
2,000	Sow Distribution Scheme—Reserve					..	..	2,000	Fund	..	..	..	..	..	..	14,845	14,845
	General Fund		..	..	..	..	..	201,131	(Market Value at 31st December, 1966—£14,180)
10,772	Pig (Insurance) Fund			..	..	..	..	6,287	Fixtures & Fittings			..	..	..	..	20	20
520,017	Bacon (Price Stabilisation) Fund					..	..	74,645	Lands	..	..	..	..	..	..	4,840	4,840
									General Fund		..	..	..	..	..		749,651
1,664,454								£925,355								£925,355	1,664,454

R. B. GODSIL, Chairman.

W. R. DAY, General Manager.

15th May, 1967.

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, 1966, and of the state of its affairs at that date.

E. F. SUTTLE,

Comptroller and Auditor General.

23 Bealtaine, 1967.