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


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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.