Committee Reports::Report - Appropriation Accounts 1967 - 1968::23 July, 1969::Appendix

APPENDIX 39.

PIGS AND BACON COMMISSION—STATEMENT OF ACCOUNTS FOR YEAR ENDED 31st DECEMBER, 1967.

General Fund for Year ended 31st December, 1967

1966

 

 

1966

£

 

£

£

 

£

£

749,651

Balance 1st January

..

..

 

 

 

 

 

4,304

Fees and Expenses of the

 

 

Balance at 1st January

..

..

..

201,131

 

Commission

..

..

..

3,652

 

 

 

 

84,911

Salaries, Wages and Fees

..

85,695

 

Levies

..

..

..

..

..

..

1,005,410

1,422,296

15,625

Travelling and Representation

 

 

 

 

 

 

Expenses

..

..

..

12,947

 

Contribution by Industry towards cost of

 

 

3,996

Rent, Rates, Repairs and

 

 

handling Pork

..

..

..

..

2,820

10,839

 

Maintenance

..

..

..

3,333

 

 

 

 

13,858

Printing, Telephone and General

 

 

Bank Interest

..

..

..

..

..

7,299

 

Expenses

..

..

..

16,346

 

 

 

 

3,070

Furniture and Fittings

..

60

 

Exchequer Contribution (Pork)

..

..

350,000

 

 

 

122,033

 

 

 

125,764

 

 

 

Refund of Insurance on Pork Exports

..

7,380

101,484

Advertising and Publicity

..

 

81,699

 

 

 

5,352

Technical Services to the Industry

 

8,217

Exchequer Contribution to Export of Live Pigs

18,245

1,710

Sow Distribution Scheme—Deficit

 

2,818

 

 

 

Bank interest

..

..

..

 

1,581

 

 

 

 

Pork Exports:

 

 

 

 

 

1,680,790

Purchases

..

..

..

557,855

 

 

 

 

104,447

Freight

..

..

..

..

37,126

 

 

 

 

Commission

..

..

..

11,085

 

 

 

 

4,216

Insurance

..

..

..

..

614

 

 

 

 

Tolls and Pitching Charges

..

1,413

 

 

 

 

1,789,453

Costs of Pork Sold

..

..

608,093

 

 

 

 

1,443,562

Less Realised on Sale

..

..

492,056

 

 

 

 

345,891

Cost of Sales Support

..

..

116,037

 

 

 

 

9,451

Add Direct Subsidy

..

..

3,293

 

 

 

 

355,342

Total Cost of Support for Pork

 

 

 

 

 

 

Exports

..

..

..

 

119,330

 

 

 

Expenses incurred in supporting Cost of Damaged “A Special”

 

 

 

 

Carcases

..

..

..

 

19,652

 

 

Temporary Support Arrangements:

 

 

 

Support for Export of Live Pigs

..

 

18,245

 

Support for Carcases in Extended

 

 

 

 

Weight Ranges

..

..

 

33,996

 

250,000

Transfer to Bacon (Price

 

 

 

 

Stabilisation) Fund

..

..

..

 

700,000

 

201,131

Balance at 31st December

..

 

127,415

 

£1,790,434

 

£1,234,986

 

£1,234,986

£1,790,434

 

 

Pig (Insurance) Fund for Year ended 31st December, 1967

1966

 

 

 

 

 

£

 

£

 

1966

168,336

Compensation

..

..

..

..

..

158,155

 

£

£

 

Balance at 1st January

..

..

..

6,287

10,772

6,287

Balance at 31st December

..

..

..

 

 

 

 

Levies

..

..

..

..

..

..

145,819

163,851

 

Balance at 31st December

..

..

..

6,049

174,623

 

158,155

 

£158,155

£174,623

 

 

Bacon (Price Stabilisation) Fund for year ended 31st December, 1967

£

 

£

£

 

£

£

 

Bacon Exports:

 

 

 

 

 

9,592,317

Purchases

..

..

..

..

8,426,623

 

Balance at 1st January

..

..

..

74,645

520,017

286,422

Freight

..

..

..

..

242,606

 

 

 

 

3,880

Insurance

..

..

..

..

4,596

 

Investment Interest

..

..

..

..

505

471

Commission

..

..

..

145,698

 

 

 

 

Discount

..

..

..

..

60,559

 

Exchequer Contribution

..

..

..

1,230,000

1,470,000

9,882,619

Cost of Bacon Sold

..

..

8,880,082

 

Transfer from General Fund

..

..

700,000

250,000

7,799,523

Less: Realised on Sale

..

..

6,966,050

 

 

 

 

2,083,096

Cost of Sales Support

..

..

1,914,032

 

 

 

 

82,747

Add: Direct Subsidy

..

..

71,353

 

 

 

 

2,165,843

Total Cost of Support for Bacon Exports

 

1,985,385

 

 

 

74,645

Balance at 31st December

..

..

 

19,765

 

 

 

2,240,488

 

 

2,005,150

 

£2,005,150

£2,240,488

 

 

Balance Sheet as at 31st December, 1967

LIABILITIES

ASSETS

1966

 

 

1966

£

 

£

 

£

£

99,915

Bank

..

..

..

..

..

..

54,818

Sundry Debtors

..

..

..

..

904,481

890,897

541,377

Sundry Creditors

..

..

..

..

..

746,759

Sow Distribution Scheme—value of Contracts

20,522

14,753

2,000

Sow Distribution—Reserve

..

..

..

2,000

Investments at cost—Bacon (Price

 

 

 

 

 

Stabilisation) Fund

..

..

..

..

14,845

14,845

201,131

General Fund

..

..

..

..

..

127,415

(Market Value at 31st December, 1967—£16,671)

 

6,287

Pig (Insurance) Fund

..

..

..

..

Fixtures and Fittings

..

..

..

..

20

20

74,645

Bacon (Price Stabilisation) Fund

..

..

19,765

Lands

..

..

..

..

..

..

4,840

4,840

 

 

 

Pig (Insurance) Fund

..

..

..

6,049

 

£925,355

 

£950,757

 

£950,757

£925,355

 

 

R. B. GODSIL, Chairman.


W. R. DAY, General Manager.


10th July, 1968.


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, 1967 and of the state of its affairs at that date.


E. F. SUTTLE,


12 July, 1968.


Comptroller and Auditor General.