victorian vvj-ieat commission - parliament of · pdf filebank overdraft creditors...

1921.

VI CTOHIA.

BAL.ANC~~-SHEET ANI) STA'fEJ\IIEN'f OF ACCOUN'fS

OF '!'HE

VICTORIAN vVJ-IEAT COMMISSION

'T() 8(YrH ._TUNE, 1921 :

\\Tl'H

j\_J::'PEN DICJE~.

RF;;.:~<;NTEJl TO BOTH HOCSES 01~ PARLIA:'.JENT PUHSUAXT TO THE PRO\'ISIOXS OF ACTs Nn~. 28!2 AND 3076.

~A! J.nthot ity : 4.LUEilT J. MULLET'r, GOnJRYMENT PRIN'l'ER, MEf,BOUB!UL

2xn S.-No. l9.-{h.]·-li337.

Bank Overdraft Creditors against---

Season 1915~16-Provision for General Certificates unpresented

Liabilities. £ 8. if.

Less Deductions outstanding against third Advance-~Dockage Rail Freight Handling Charges

3 8 4 1,166 5 4 1,019 19 1

VICTORIAN WHEAT

£: s. rl.

9,061 G ::1

GENERAL BALANCE-SHEET Sr;ASONS 1915-16, 1916-17,

£ S~ d. £ s. d. 11 ,1)69 8 8

4,000 0 0

~---------· 2,189 12 9

Provision for shortage between Bills of Lading and outturn weights of Shipments ..

Season 1916-17 Provision for General Certificates unpresented

Less Deductions outstanding against AdvancesDockage Rail Freight

Provision for shortage between Bills of Lading and outturn weights of Shipments ..

Season 1917~18--Provision for General Charges Certificates unpresented

Less Deductions outstanding against AdvancesDockage Rail Freight

Seasc,n 1918-19-Provision for General Charges Ccrtifieates unpresented -

Less Deductions outstanding arrainst Advanros--Dockage ~ ~ Rail Freight

Unpresented cheques, Cornsacks Profit.s Distri-bution ..

Season 1919-30-Provision for General Charges Certifteates unpresented

Le/SS Deductions outstanding again.~t Ad van::es--Rail Freight

Sundry Credit-ors-Payments in advance on account of Wheat for

Gristing as per ContracGs Flour-Amount due under Gristing Contracts Australian Wheat Board-Amount.'duc for Interest,

Cornsacks, Iron, &c. Cash Securities held and S1tndry Amounts due

under Liens Sundries

Balance from Statement of Accounts, &ason 1915-16

" " " " " " " " " " " " " " "

Audited and found correct.

" " " " "

" " , "

1916-17 1917-18 1918-19 1919-20 1920-21

J. A. NORRIS, Auditor-General. 19th Sepwm.ber, 1921.

158 a 8 1,771 8 6

15 8 8 762 12 8

3 ·1- 1 17 17 6

------- 6,871 12 6

20,000 0 0 30,871 12 6

4,000 0 0 9,818 G 1l

1,930 " 2 ... 7,888 ') 9 "'

20,000 0 0 ---·--··- 31,888 2 9

3,000 0 0 9.157 5 6

778 1 4 8,:>79 4 2

11,379 4 2 2,000 0 0

1,628 1 9

21 1 7 l.fiOi 0 2

~173 10 1l 111

2,000 0 0 LS16 ~ 1l

150 0 0 l,6HG ~:l 11

3,G6G 311

272,977 9 0 8 1

217,619 2 s

8,329 9 5 7,144 13 3

186,701 19 1 !!7:3,!329 10 5 962,728 9 0

1,050,305 16 821,44<1 13

5

COMMISSION.

AS AT 30TH JUNE, 1921. 1917-18, 1918-]9, 1919-20, AXD 1920-21.

Sundrv Advances .. Sundr~ Debtor'l--

3

Assets. £ 8. d. £ s il.

Milt~rs, &c. (including Wheat supplied und!'r Gristing Contracts) 2a2,747 8 5 Australian Wheat Hoard Shipments not drawn for .. 22,985 828 10 6 Les~ Advances .. 18,530,501 1~ 6

-·- ··-~----- -·4.4c55,326 12 0 Smi{hies 6,343 17 4

Stocks on hand at cost and valuationCornsacks "Malthoid and Floatinf Hessian Twine Benzine Bolts am] Nuts

Plants and Buildings at co~t Less Dl:'preciatio~ and LosH nn realization

Furniture arul Fitting:o; at ~~ost Lf'ss Depre•·iation

Stocks of Wheat on hand for Credit of Sea~Oll 1920-21---14,096,461 bushel" ,10 lhs.

9,463 Hi 6 41}8 4 11 657 2 0

23 11 7 34 9 4

197 14 7

45.106 2 4 40,007 15 3

2,255 1 11 1,686 6 1

D. A. WILLIAMS, L.I.C.A., Acting Accountant, H. J. BAKER, Manager,

£ s. d. 809 0 6

4,694,417 17 9

11,034 17 11

4,598 7 1

!568 15 7

Victorian 'Whut Co:m:mission.

4

1. Advances to Growers at 4s. 9d. per bushel (less Rail Freight and Handling Charges, as per Certificates)

Interest--On Ailvances ailjusted with other Seasons to 30th June,

1921 {not including Inter-State) On Certificates

Exchange within the State

2. Rail Freight-Amom~t paid H<ebated to Country :Millers ..

:>. Hanilling Charges--Shipping Contractors and .Millers ]ijxtcnsions of Contract Reconditioning and Rebagging--·additional to payments

of £15,928 15s. 9d. by Contractors .. Hent of Hail Sites and Storages

of Samplers not included in Contracts ..

4-. Depreciation--Wheat Treatment, Plants, and Buildings fl. Damage by Flood, Mice, &c. G. Rebute to Millers-Account excess moisture contents 7. Fire Damage Expenses 8. Strike Expenses 9. Administration Expenses·-·

Salaries, Office , Inspectors'

Ijegal Expenses Travelling Expenses Stationery Office Rent I'ostages, Cablegrams, Telephones, &c. Ofiice General Expenses Audit Feer; Insurance Guarantee and ·workers' Compensation Dqmociation---Fur.niture and Fittings

SEASON 1915-16.-STATEMENT OF £ s. a. £ s. d. £ s. d·

76,256 14 0 4,395 11 10

8,893 18 7 759 3 0

1,402 10 4 990 4 7 874 15 5 690 16 8 503 15 6 401 7 . 6 18± ] l 10

;H- li f) 176 ~ '1

12,360,271 1 10

80,652 [j 10 6,112 7 1

~~-----~-------- 12,447,035 14 9

762,878 16 9 137,313 10 5

717,275 3 6 60,859 19 11

58,579 1 11 13,230 () 5 1,168 12 2

900,192 7 2

851,113 3 11 210 0 0

7,195 13 5 7,263 8 0

86 5 5 128 14 ·i

Expenses incurred in other Seasons on account of 191G--1li &ason 14-,911 H 2 l6,0Hi 18 10

10. Pmvisiou for General Charges .. HalancP su hjePt to explanations as per R<>port ..

Audited and found correct. J. A. NORRIS, Auditor-General,

19th Septen1ber, 1921

30,927 13 0 4,000 0 0

186,701 HJ 1

19 1

ACCOUNTS TO 30TH JUNE, 1921.

l. Transactions on account Australian Wheat Board, General PooL-Subject to adjustment in accordance ·with the average realization for all States. Allotment of Sales as per basis set out in Report--

(a) ]jxport Sales of Wheat Less-

Freight .. [nsurance War Hisk

" 31arine

Exchange Commission ~uperintendew:e Sundries

Bushels lbs.

37,4H,082 46

5

£. 8. d. £. s. d.

2,026,129 19 0 48,270 12 0 40,703 18 0 27,084 3 7 63,192 1H 7 7,:)32 15 4

328 8 H

11,058,866 11 9

--- 2,213,042 16 3

8. d.

-------·~- --8,845,82:) 15 6

s. d.

(b) Export Sale" of Flour--~ Sales of Wheat for Gristing Lc8S P1uchases of Flour

lJ ,560,990 31 2,769,044 5 1 2,654,997 19 8

]'lour Shipments--213,479}Q-iHl- short tons

Less ~

Ji'reight Insurance War Risk

" fi-Iarine ..

Exchange Commission Snperintemlcnec

(c) Proportion of realization in excess of 4s. 9d. per bushel, seaport basis, on Shipments of Wheat and Flour, from 1st January to 31st May, 1917, to adjust 1915-16 and 1916-17 Accounts, Australian Overseas Shipments of Wheat

(d) Chartering Commission- -Wheat Flour

(e) J>remium on Exchange, London to Melbourne

{f) Commission on Freight Advances

2. Victorian Transactions, State Pool-

( a) Local Sales, seaport basis .. 10,870,677 44 (b) Proportion ofrealization in ex-

cess of 4s. 9d. per bushel, sea-port basis, on Local Sales, for Victorian Shipments Flour, from 1st January to 31st Mav, 1917, to adiust 1915-16 and 1916-17 Ac;ounts

(c) Storage Charges paid by Imperial Government

(d) Miscellaneous Receipts, 111-

cluding Permits ..

Bushels lbs. Total Deliveries 59,845,757 4 Total Bushels, as per

Certificates issued 59,175,94.0 44 Gain in weight . . 669,816 20

----~-----~-~~~=~-,

341,819 6 10 5,701 18 0 4,287 15 1 7,237 12 [j

10,517 17 3 1,743] :3 1

111,046 5 5

3,010,338 1 11

3,124,384 7 4

371,308 2 8 ·--------2,753,076 4 8

45,774 8 6 9,711 11 2

63,097 5 7

55,485 19 8

18,929 17 0

2,977 18 9 ----- 11,739,391 ] 2

2,603,889 10 6

35,021 g 10

4<1,151 19 0

12,400 13 7 2,695,463 17 11

14,434,854: 19


Victorian Wheat Commission.

l. Advances to Growers at is. per bushel (le.:tf ItMilfreight as per Certificate~) Interest on--

Advances adjusted with other Season~ to 30th June, 1921 (not including In t~?r-Sta te)

Certificates l':x~?hange within the State

2. [{ajJ .FreightAmount pnid Reba.ted to Country .Millers

;J. Handling Charges·-· Shipping Contra<Jtors and Millers Extensions of Con tract

Maintenance of Stacks, Wages, Materials, &{'. H.econ.ditioning nnd Rcbagging--Additional to paynwntl! of £20,682 tia. by

Contractors Rent of Rail Sites and Storages Wages of Samplers not inclnd~?d in {'ontracts Encasing and Gassing Sta<:'ks (Weevil Destruction)

4. Depreciation--Wheat TreatmeuL Plants and Buildings •). Purchase of ~Iatcria la for Stomge Accommodation--

Iron ./:e.<" amount realized

Timber Le8s amount 11.'alized

ti. Mouse Plague Expenses 7. Damage by Flood, Storm, &e. R. Strike l~xpenses 9. Fire Insurance, Premium on-

\'i'heat Plants

10. Administration Expenses-Salaries, Office

, Inspectors' Outside Expenses .. Legal Expenses Travelling l<Jxpen8Qs Htationery Office Rent l'osmgl's, Cables, Telephones, &c. lnq niry Hoards Office Gent> raJ ]~x p1·n1ws Audit Fees lnsurane€'-·\Vorkers' Comprnsation Depreciation-Furniture and Fittings

..

Expenses nl<mrt"Pd in other Seo~sons on account of Season 1916--17

11. Prov wion for General ChargM .. ~alance (subject to explanation as per Report)

Audit<Jd and found correct. J. A. NORRIS, Auditor-General,

19th September, 1921.

SEASON liHti-li .-STATEMEN'l' 01<'

8, d. £ ''· d,

818,536 610 107,886 16 4

1.191 s 2 361 R 10

17,71.!0 6 ;; H,731 !l li

11,~02 3 3 1.93~ H a

406 8 7 6S3 15 5

2,125 19 ;; 1.428 8 6

.R37 1(} 2 4!18 t !I 535 l!l 2 450 4 ll 154 14 1\ 23:l 19 ll 269 12 11

!1,21l·!,429 17 2

10,932 l!l 11 2,947 11 9 4-,209 tl 9

-~·.----~·-------

71{),771 4 0 123,245 3 8

926.423 3 2 41>)58 6 5

l!l2,7H H 2 16,961 17 0 16,066 5 9 23,s:n :1 4

829 HI 4

3,058 16 11

2,313 1 a 100 0 0

21,365 ·1 7 21,010 2 5

£ $, d.

IJ,312,519 15 7

f.i43,0lti 7 8

1,222,785 IJ 10 23,618 7 4

3,888 16 3 24,5771 18 4

459 2 8 1,217 14 ll

2,413 1 3

42,375 7 0 4,000 0 0

!)73,8~9 10 5

12,675,895 u a

ACCOUNTS TO 30TH JUN]i, 1921.

l. Transadions on account of Australian 'Vlwat Board, General Pool (subject to adjustment in accordance with the realizat,ion for all States. Allotment of as per basis set out in RP})Ol't-

7

Bushels I b~. £ d. d. £ 8. ,i/, £ 8. d. £ 8. d.

(rt) Export Sales of Wheat 24,H:12,15U 1 tl,981,73!l 8 1 Le.s.~ Victorian proportion of realization in exo.;ess

of 4s. 9d. per bushel, seaport basis, on Australian shipments fro!ll 1st January to :Hst :\'!:ay, 1917, to adjust Hll5--Hi and 1916-17 Accounts ..•

Le.ss-~ Freight Insurance \Var :Risk

, }larine Exchange Commission Superintendence Sundries ..

:J5,028 Q 3 ~--- -6,946,711 7 10

473,853 14 4 15,082 18 6 10,674 10 1 15,153 Ul 2 26,815 13 9

383 2 3 1,279 18 7

543,243 9 8 ------'6,403,467 18 2

(b) Ex port Sales of Flour-Sales of Wheat for Gril!ting LeR8 PurchaEe of Flour ~

ti)ll7 1 ln6 37 1,507,413 1 5 1,4Hl,422 Hl 3

l''lour Shipmcnts--127 ,4-Llj.,j~l) short tons

LessFreight Insurance War Hisk

, Marine Exchange . Commission Superintendence Sundries ..

(c) Salee of Wheat for PriYate Export of Flour (d) Chartering Commission-

Wheat .Flour

(e) I'remium on Exchange, London to 1\'Ielhourne (f) Commission on Freight Ad\'ances (g) Sundries

2. Less Dockages on Shipments below f.a.q, (charge· able solely to the State of Vidoria) ·

3. Victorian Transactions, State Pool-·

1,911,242 32

(a) Ordinary Local Sales, seapOI't basis 16,120,329 18 Less proportion of realization in excess of 4s. 9d.

per bushel, seaport basis, on Local Sales for Victorian Flour Shipments from lst January to 31st May, 1917, to adjust 1915-16 and 1916-17 A0counts ..

(b) Storage Charge8 payable by-Imperial Government Norwegian Government, Japanese Contracts ..

(c) Mi!!Cellaneous Receipts, including J>ermits

Total Loss of Weight after deducting allowano.;e for WeeYil by Imperial Govsrnment 1,245,835 42

Provil!ion for Shortage between Bills of Lading and Outtum Weights of Shipments . . 80,000 0

Total Bushels as per Certificates .. . . 50,406,770 10

' J

90,990 6 2 1,471,669 6 2

1,562,659 11 4

38,971 8 5 817 19 0 680 1 6

1,451 2 9 5,621 17 8

33 0 Q 284 12 lQ

47,860 8 2

12,757 2 1 963 18 8

3,595,546 17 1

1,514,799 3 2 600,437 18 6

13,721 Q 9 9,427 1 11

940 11 4 746 17 IQ

31!,021 14 10 -----8,360,325 2 3

698.*59 3 2 3,286 7 9 1,607 14 ll

703,3liS 5 10 5,587 1 8

8,543,540 11 6

137,110 lQ Q

8,406,430 1 6

4,26M65 9 9

12,675,895 11 3

D. A. WILLIAMS, L.I.C.A., Acting Accountant, H. J. BAKER, Managet,

!Victorian Wheat Commission,

8

1. Advances to Orowers l).t 5.~. 1Wr bushel (lesJ Rail .Fr0irrht <1S

per Certiti•~ates) ' · Interest on·-·

AdYances ad.iustell wi~h other Hcm:mn:; to :YOth .I UJH',

1H21 (not inrh;ding hter-St:~te) Certifiec1trs ··· .

K:~:hange within the Sbb•

•) Rail FreiglltAmount pnitl R.cb:~.tcd to Country )lillen; ..

:~. IIandlin"· ('JJ,n·ut•r- -Shipr:i'ng Co~tra(·tors and Millers I•:xten'!ion (,f Cuntract . Care and attention oi' Shwk". not inc!nd.ctl in Contmet'i

:wn Freig+tt on '\Iateri:~],; .. Heconditioning ancl Re1mggin;r Hent of Rail Site" antl Storagt·~ Wages of Samplers not. ine!u;led in Contracts En,·asing and Gassin~! Stacks (Weevil De~tructilln)

!. Det.rceiation --Wheat Treatment Hanis and B:1ilrlings 5 P:ll'chase of ):fhteri11ls for Storage Accommo(btion

Trt1;; . . . . • • • • . .

Les.~ amount realized

Timber Amount realized

Balmce to credit of Account

6. ~rouse Plague Expenses , . Strike and Arl•itration Expenses ~. Fire Damage Expenses H. Fire Insurance Premium-·

Vlheat Flour Plants

10. Administration Expensl's-·· Salaries, Office

, Inspectors' T.egal Expenses Tmvelling expenses Stationerv Office Reitt Postages, Cable~ramR, rm•~ 'l'elephones :\udit Fees Insurance (Workers' Compem;ation) Office General Expenses · Outside E:wcnses .. Depreciatio'ii~- Fumibxe and :Fittin!!S Australian Wheat Boarrl proportion of Admini,;tratiou

payable hv Victorian '\'heat Com!llission

Expenses inenrred in other Seasons on account of lH17-18 Season ..

11. ])rovision for General Charges Balance (-mbject to explanation nl:1 per Revortl

Audited and fotmd correct . . J . .:\. NORRJS, Auditor-General,


f'IU~O~ 1917--H~. STATEMENT 01~

J.: 8. d.

,123,142 9 2 2,283 16 ()

17,163 Hi D ?.,9!'\2 9 !)

602 tl ~ 2,901 f) 2 1,211 5 l 1,162 10 0

641 6 4 71 4 0

279 15 !i 808 10 11 50K 0 :l iH3 11 2

1,750 0 ()

" c'

l s. d.

t:r/ ~383 ~) lO

427.126 5 2 3,99;) 8 5

:C 8. d.

----------- 8,869,004 17 5

.j 63,508 15 5 15-t-,7H8 18 6

.j.:J] ,010 ]() J 2G,918 1G 1

7,78i (l L1 52,038 8 2 27,188 2 5

7,519 13 10 1,282 5 8

!.H,177 15 2 67,779 8 2

48,450 6 7 50,016 i 10

1,566 1 :l

3,701 10 11 528 15 7 124 4 2

:31 ,891) 7 2

618,307 13 11

55:1,741 17 5 6,H3 1 11

26,398 7 0

21,564 1 1 226 10 11 116 1 5

4,354 10 8

37,318 9 10 3,000 0 0

9G2,72S 9 0

11,102,904 0 7

ACCOUNTS 'fO :30Tn JFNFJ, 1920.

1. Transactions on a.cco~.;.nt o[ Australian WLeat Board, General Pool (suhject to adJustment in accordance with the average realization for all St.ate:::. Allotment of Sales as pr.r l'asis set out in Ueport)--

(a) F.xoort Sal<s of Wh!:'ilt Les.~: ·

.Freight JnsrratJtC War Risk

, l\f,uine ( :.muuiscion Exebwge .. ~nperintenllem'e SundriPd

(/,! K'IJOrt Salec> of ];'Jour-··· Sale" of Whe,,t for Gristinu

D<'s' pllreln'le of Fbur ..

Flour Shipments---3B.\!~6}S-t8 '>hor( tor,s

[,I;S5-

Frei!!ht blSilran~c (Marim') Commission Sundries

(c) Sales of Wl.1eat for Private

Ru;.;hels lhs.

L9,7:11,810 49

9

s. d. £ ~. d.

(i,l\95,021 10 4

::\10,045 !) !)

12,293 0 0 \'!,807 Hi 8

1:1,7(:1 5 10 ' L0,9H 15 8

~l-t6 12 2 :l68 I-·~ S

£ 8. cl.

~)5.3,170 13 9 ~-~-----6,336,850 16 7

1,871,851 Hi f)d:~,!H7 lO l f\18,108 J4 3

76,329 16 1 1,868 5 0 :~,77!) 3 0

226 14 4.

·{5,568 ] J 10

701,286 17 5

7 ·19,85ij 13 3

~------ 82,203 18 5

.~. «.

Export of Flour 3,134,099 6

--·------- 667,651 14 10

1,167,967 17 9 (d\ Chartering Commission-

Wheat F\onr

(e) Commission en J;'reia;ht Advances

(/) Despatch Money

'2. Less Dockages on Shipments below f.a.fl. (chargeable solely to Stat.e of Victoria) .•

3. Victori~:>Il T1·ansat'.tions, State Pool-

(,~) Ordinary J .. ocal Sales, seltPort basis · .. 11,631,001 0

(b) Miscellaneous Ueceipts, m· eluding Despatch Money and Permits

(c) Storage Charges, Norwegian Government

(d) Profit on realizat-ion of Timber

Bushels lhs. Total Deliveries 36,368,763 11 Total Bushels as per

Certificates isl'lued 36,233,372 48

Gain in WPight. 135,390 23

36,368,763 11

11,405 1 0 3,053 15 6

14.458 16 6

~,393 8 5 201 2 9

2,890,009 l7 0

24,632 n 7

3,286 7 9 1,566 1 3

8,189))23 16 10

6,114 13 10

8,1 83,4.09 3 0

2,919,494 17 7

11,102,904 0 7

D. A. WILLIAMS, J .. .I.C.A., Acting Accountant, H .• T. BAKER, Manager,


10

1. Advances to Growers at 5s. 2d. per bushel (less Rail :Freight, as per Certificates)

Interest on~ < Adn~nees adjusted with other Seasons to 30th Jnne, 192]

(not inch1ding Inter-State) CertificateB ..

Exehange within the State

~- ftail Frei<>"ht~ .\mount paid ReLated to Country Millers

:1. Handling Charges-~ Shipping Contractors and Millers Maintenance, Labour, and :Material Ueconditioning and Rt>bagging Rent of Rail Sites and Cost of Country Dep%s Wages of Samplers Labour Cost -·Erection oi Storage Sheds Dismantling Storage Sht>d

4. Depreciation-Wheat Treatment Plants and Buildings 5. Purchase of :Materials for Storage accommodation~<-

Iron ' Less amount realized

Timber Les.s amount realized

6. 1\Iouse Plague Expenses 7. Strike and Arbitration Expenses 8. Fire Insurance Premium

Wheat Flour Plants

9. Administration Expenl'lesSalaries, Office

, Inspeetors' IJegal Expenses Travelling Expenses Stationery Office Rent Postages, Cablegraml'l, and Telephones Insurance (Workers' Compensation) Inquiry Boards Office General Expen::;es Outside Expenses .. Audit Fees D<>preciation~Furn.iture and Fittings Australian 'Yheat Board proportion of Administration

payable by Victorian Wheat Commission

Lf:!S' }Jxpense;; incurred on account of other Seasons

10. Provision for General Chal'!.res .. Balance (sttbject to e:,:planatio; as per Report)

Audited and found e.orrect. J. A. NORRIS, Auditor-General,


SEASON 1918-19.-STA'l.'EMENT OF

£ 8. d. £ 8. d. £ 8, il.

142,-181 17 10 2,500 18 9

73,396 18 9 51,021 3 1

65,918 9 8 50,460 10 10

25,102 11 1 4,572 17 4

937 16 2 2,604 18 9 1,584 10 5 1,054 18 4 1,642 5 3 1,030 11 8

19 11 9 974 17 6 128 9 11 179 5 4 !17 8 4.

2,450 0 0

5,568,303 7 9

Ui,982 16 7 3,819 1 11

2!2,349 1 0 1:-~2.521 0 4

225,699 10 10 13,163 10 3 3,801 8 t)

38,593 2 1 1,903 17 3

15,914 15 10 3,998 6 6

22,315 15 8

15,457 18 10

3,899 0 6 483 16 IJ 145 3 3

112,700 1 10 10,448 3 11

374,870 1 ·!

303,074 11 3 1,420 19 1

37,833 1cl 6 19 18 8 18 13 0

4,528 0 2

------- 32,251 17 11 2,000 0 0

1,050,305 16 2

7,523,428 18 4

ACCOUNTS TO 30TH JUNE, 1~21.

] . 'l'ransaetions on aef~t.>unt Australian Wheat Boanl, General Pool

~ (l'lHhject tn ad]tt'-'hnent in accordance witJ1 tlw avem!(:~ realization Jor all the States .. ·~Allotrnent of Sales tU:< p<'r basis set o11t m Report)--

11

Bushels lbs. £ s. d. s. d. .~. d. £ s. d'

(o) ];xport Kale" of Wlw<it W,338,232 37 I ,504-,352 I) 8 Lrss- ·

Frei;!ht InsurancB W at J:it~k

, 1\brine Commis~ion Exchange .. Snperint~ndcnce Sunrlrir·.'<

(!,) E:>f·ort Salt::~ of Flmt~· -Sales of WhP:lt for Gristin:r LNJs Purch:.s<' of Fltmr

F!onr Sbipmenis · ;15,18S!&!S. :;;hort t()tlS

Iess-Freiuht J~unt:J;Il!l::: (Marin(~) Co nnms:swn Rumlries

(c) Sale~ o{ Wheat for Private

;:){),(i39

52 4,105

·) .:.. ., ,) ., ,)

i -.1

7 5,760 f) 7

968 7 3 6;36 16 1

"l:l 16 I - ... . ... - . 62,;):~5 14 \}

---·--·--------UH,811i ·11 11

1 '70:3,449 :.!0 604,550 13 ti 563,Hi9 9 ~)

68,991 2 0 1,709 8 0 3,139 10 6

H,381 3 9

64:0,743 15 5

682_121 19 2

9 12 1 -~--~--- H.,H9 12 7

·---~---~----~ 607' 97 5 6 7

Export ot Flour 2,:~H9,fi02 10 912,945 0 2 (d) Charteriu~~ Conunissi<.m--

WlH:''It Flo1,r

(e) Commission on Freight _\dvan(:es

(j) Despatch Money

2. Less Doekages on Bhi pmeotf; below f.a.q. (dJarf!eahle «old.\· to the State of Vict;orhi ·

::1. Yictorian Tmnsactiow;.;, State Pool---

(~1) Ordiuat·y Local S;~les, sea p•:rt Basis 5,92;),601 :39

(b) Miscellaneous Receipts, iucluding DPspe.tch :1\-Toney and Permi.t·S

Bushel~ lbs. Total Deliveries 23,336,885 46 'l'otal Bu11hel13 as per

Certificat~ issued 23,027,354 5

Gain i11 Weight 309,531 41

23,336,885 4.6

2,942 11 G 2,7!H- 2 fi

5,7:.'6 14 0

2,090 HI 10 184 0 7

--.. ·-----~ 5,970,H8 12 1

82 9 8

5,970,666 2 5

1,530,458 2 9

22,304 13 2 ---------·- 1,5~2.762 15- 11

7,523,4:28 18 4

D. A. WILLIAMS, Ll.C.A., Actine: Accountant H. J. BAKER, Mana!!er. " '

' Victorian Wh::at Commis~ioo.

12

1. Advances to Growers at 7s. 6d. per bushel (lc.~s Rail Freight as per Certificates)

Interest on-Advances adjusted with other Seac;on~ to 30th JunP, 1921

(not including Inter-State) Certificates

Exchange within the State

2. Rail Freight- · Amount paid Rebated to Count-ry lYlillers ..

3. Handling Charges·--· Shi})ping Contra<·t01·s and Millers )faintenance of Sta.cks and Freight on coverin!-!: .Mat(·rials Reconditioning and Rebagging Rent of Rail Sites Samplers' Wages ..

4. Depreciation---Wheat. 'freatment Plants and BuiJdings 5. Purchase of lYiaterial for Storage Aeeommodation~ ·

Iron Less amount realized

Timber Less amount realized

Balance to credit of Account

6. Fire Insurance PremiumWheat Flour Plants

7. Administration Expenses-· Salaries, Office

, Inspectors' Legal Expenses Travelling Expenses Stationery Office Rent Postages, Cablegrams, and Telephone!:\ Office General Expenses Office Outside Expenses Audit Fees Depreciation--Furniture and Fittings Australian Wheat Board Proportion of Administration

payable by Victorian Wheat Commission

Less Expenses on account of other Seasons

8. Provision for General Charges .. Balance (subject to explanation as per Report)

Audited and found correct . .T. A. NORRIS, Auditor-General.


SI<~ASON l919~20.~STATEMENT OF

t s. d. £ s. d. £ s. d.

1.9,336 !} 5 903 15 2

28,768 1 0 4,171 19 9

680 14 2 2,788 14 0 1,324- 0 7 1,546 8 4 1,675 16 5

786 18 4 36 6 7 80 0 0

279 9 7

2,450 0 0

'1,427,884 2 1

20,240 :! 7 2,776 1 8

78,'l50 ;) 1 121,87:3 5 11

78,313 n 1 1,386 ] 5

27 ., <) 2

1,715 12 1 68 7 5

------~-·---

19,8U 11 7 19.020 10 9

1.790 1 4 2,430 5 0

640 3 8

299 15 0 8!) 6 8

176 7 8

Hc,588 8 9 22,000 0 0

<1,450,900 8 1

200,323 \) 0

81,510 13 2 1,845 18 3

821 0 10

559 9 •1

22,588 8 9 2,000 0 0

821,444 13 6

5,581,994 1 2

ACCOUNTS TO 30TH .JUNE, 1921.

1. Transactions on account oi Australian Wheat Board, General Pool (subject to adjustment in aceordance with the general average for all States Allotment of Sales as per basis set ont in Report)-

(a) Export Sales of Wheat Les.~-· •

Freight Ins~rance (.Marine) (1ommission Exchange .. Supe:rintenden<·e

(b) Export. Sales of .FlourSales of Wheat for Gri~timr Less Purchases of Flour '

Flour Shipments-10,204,.~0''0!!0 short tons

LfSS

Freight· Insurance (.Marine) Commission Superintendence

(~) Sales of \'-heat for Private Export of Flour

(d) Chartering Commii!sion · ~'lour and sundry Premium"

2. Vietorian Transaetimts, Htatc l'ool··

(o) Ordinan· Loeal Sale~, :>t•uvort basi;; ·

(/,) Increase in Priee of Wheat equivalent to Flour Stocks hel•l mi 31st ;ranuarv. 1920

H .Miscellaneous &ceipt:> induding Permits

(1/) Profit on n2alir.ation of Timlwr

Tuhll Deliveri<•;;; Total Bnsh<els aR ]JI:'r

C!<·rtificate;; iH,med

Bushel11 11>>. l2.:)6R O!l7 3:\

J!"\.6(i.'i i}()

Bushels lhs. s. d. 8. tl. £ S. tl s ;/

2,027.925 24. l,GGI,iHl 6 4

280,04tl !R I 5,303 1 I 5 5,271 12 ] l :noo w n

't6!) ll 7

189,812 u 285596 2 () 269,888 HI 11

iJ92,610 tR

!!.257,71~ iJ7

12,:368,097 3:1

50,175 12 fl 1,5('!)5 5 10 2,256 9 1

36 0 10

:.!!H, u,:; 7 u -------1,367,523 18 [j

15,707 2 l

:m. 905 u; 2

M3,612 17 3

53,97:3 8 1 289,();)9 9 2

345,352 15 10

!),911 17 8

(i:J,G82 0 1i

f) 040 11 Jl 640 :3 8

2,008,428 1

D. A. W.ILLL\MR, L.U'"L .\!'tiug Aec:oulli~u1 1. H . .J. HAKKR . .\hmagPr

\rietm:ian WlH•at Commission.

1

2

1. Advances to Growers at 5s. per hushel Interest on-

14

Advances adjusted with other 8easons to 30th June, 1921 (not including Inter-State)

Certificates

Exchange wit\1in the State

2. Rail FreightAmount paid Rebated to Country l'Iillers ..

3. Hamlling Charges-Shipping Contractors and .Millers Maintenance, Labour, )Jaterial, and Freight Reconditioning and Rebagging Rent of Rail Sites .. Wages of Samplers .. Labour Cost-Erection of Storage Sheds

4. Depreciation-Wheat Treatment Plant and Buildings 5. Purchase of :Materials for Storage AcJcommodation (subject

to reduction by realization)-Iron

Less amount realized

Timber Less amount rea]ized

H. Damage by Storm, Mice, &r.. 7. Fire Insurance Premium

Wheat Plants

8. Administration Expenses-Salaries, Office

, Inspeetors' Legal Expenses Travelling Expenses Stationery Office Rent Postages, Cablegrams, and Telephones Insurance (Workers' Compensation) Office General Expenses Office Outside Expense~ Audit Fees Australian Wheat Board proportion of administration

payable hy Victorian Wheat Commis;;;ion

Les.~ F;xpen.~es incurred on ac<:ount of other Seasons

Balauee (sulJjeet to rxplanat.ion as per Report)

Audited and found correct . .J. A. 'XORRIS, Auditor-General,


SEASON 1920-21.-STATEMENT OF

£ s. d. £ s. rl. £ s. rl.

58,66() 18 2 355 17 6

50,863 14 0 4,980 13 3

39,454 6 0 4,049 H 9

---·---

lf>,317 15 4 2,337 6 11

274 18 10 2,581 1H 9 1,024: 12 7 1,189 7 H

612 11 () 1 ;33 ci 0 C>91 f> l 204 17 10

GO 0 0

2,100 0 ()

9,496,591 13 4

59,022 15 8 4,744 7 8

546,548 10 9 50,679 18 10

-·-------

292,419 10 3 22,220 14 1

391 9 10 5,931 10 0 [>,048 19 9

18,095 14 11

45,883 0 9

35,404 11 a

5,500 0 0 140 15 7

26,427 19 4 10,000 0 0

9,560,358 16 8

597,228 9 7

344,107 18 10 600 0 0

81;287 12 0 Ml9 18 2

5,640 15 7

16,427 19 4 43,931 5 2

10,(350,022 15 •!

ACCOUNTS TO 30TH JUNE, 1921.

1. Tranaaetious on account of Australian Wheat Board, General Pool-

Bm;lwls lhs.

( a) Export Rales IJf Wheat 18,906,Ji92 Lesa

Freight Insuranoe (Marine) .. Commission Exchange .. Superintendence

(b) Export Sales of Flour-

1t>

£ s. d. .£ s. d. £ s. d. s. d

Sales of Wheat for Gristing . . 1,054,559 23 499,650 7 9 J-essPm:chasesofFlour - 462,15717 11

Flour 8hipment&-22,693y2~ short tons

LessFreight Insurance (Marine) .. Commission Exchange .. Superintendenee

(c) Sales of Wheat for Private Export of Flour 926,713 3!)

(d) Chartering Commission-Wheat Flour

(e) Commission on Freight Advances

(j) Despatch Money

2. Victorian Transactions, State I'ool-

(a) Ordinary Local Sales, seaport, basis 3,459,495 18

(b) Miscellaneous Receipts, in-cluding Despatch Money and Permit.s ..

Balance of Stocl• Undelivered .. 14,096,461 40

Total Bushels received to date . . 38,443,822 0

91,833 11 11 892 12 4

2,624 2 5 348 9 H

H3 4 5

37,492 9 10

556,814 12 6

594,307 2 4

95,792 0 9

81,929 7 2 1,!567 13 9

498,515 1 7

:371,399 12 11

83,497 0 11

2,015 9 0 11,547 1·1 8

----- 9,073,3l't 4 2

1,560,262 8 10

26,446 2 4 ] ,576,708 11 2

10,650,022 15 4



16

APPENDICES.

APPENDIX "A."

AUDITOR-GENERAL'S CERTIFICATE.

In accordance with the provisions of section 10 of the Wheat Marketing Act 1915, No. 2812, I have to report. that the Statements of Accounts for the Seasons 1915-16, 19H)-17, 1917-18, 1918-19, 1919-20 and 1920-21 for the period ended 30th June, 1921, and the General Balance-sheet as at 30th June, 1921. have been examined bv officers under mv direction and are found to be correct. . •

• The items have been verified with the books, vouchers and and certificates. I have obtained all the information and explanations required by me.

The Statements of Accounts in conjunction with the Report exhibit correctly the position of the affairs of the Commission in so far as they are ascertainable at this date.

The certificates of the Manager and the Acting Aecountant have been accepted for the stocks of wheat on hand. :For the stocks of cornsacks, malthoid and floatine, hessian, sackcloth and curtain stocks, twine, benzine, bolts and

nuts, the certificates of the Outdoor Superintendent and Officer-in-Charge of Stores have been accepted.


APPENDIX "B."

J. A. NORRIS, Auditor-General.

REPORT ON STATEMENTS OF ACCOUN'l'S AT 30TH JUNE, 1921.

General.--'l'he accounts presented are made up to comply with the provisions of the Wheat l\[arket.ing Acts, and cover the operations of the Victorian Wheat Commission for periods ended 30th June, 1921. ·

The eredit side of the account is divided into two groups, one of which represents deliveries from this State on behalf of the Australian Wheat Board, while the other shows the transactions solely on ac0ount of Victoria,

The deliveries on behalf of he Australian Wheat Board are incorporated in the books of that Board and become part of th.e Australian General Pool for distribution amongst States at the general average realization of each sale period.

The delivt>ries made by Victoria on account of each ovt>rst>as pool may rt>alize below or above the general average of all States.

The grain of each season has been kept entirely separate ail rl'gards both stacking and handling, also the charges relating thereto, but for reasons o! economical handling sales have been satisfied on a ·• f.a.q." basis from stocks of a.ny season. The necessary adjm;tmcnts have been carried out in accordance with the pooling principles of the Australian Wht>at Board.

The adjustment whereby sales of low grade unmillablc .!.!rain sold locally after 31st D,•eember, Hl19, have been credited direct to the season producing the grain has now been made.

The relative quantities for export. and for local sales for each pool have been defined with the exception of 1920-21. 'l'he weight for ove.rscas deliveries is on bill of lading baBis and is subject to results of outturn which will be adjusted by the Australian Wheat Board. The effect per bushel on the pools of the difference in realization between local and overseas Rales is now evident-~1919-20 revealing the greatest differenct>.

The debit side of the account shows the advances paid and the expenses immrred. The expenRes of (;af'h pool other than 1920-21 are ver f close to finality, with the exception of interest.

The adjustment of iutere~t as between pools has het>n (·omplt>ted to 30t·h .J unt>, 1 ~21, but Intt>r-Statt> adjnstmt>nts have vet to l1e made.

·These will not materially alter the figureB for 1915-16 and 1916-17 pools, but. may to some extent benefit the 1917-18 and 1918-19 pools, as transfers o~ funds to other States carry interest. The Inter-St~.te settlements will finalize the interest account. The balance at credit of the different p:wls will continue to earn interest up to the date of settlement.

Plant and building11, loose tool;,, timber, iron, and other materials purchased on account of earlier seasons have either been sold or transferred to season 1920~21, the depreciation and loss on rt>alizations bt>ing charged to the season to which service has been rendered.

Considering the conditions existing when the purchases had to be made, the result of these realizations have been Yery satisfactory, and the cost to the pools concerned has thereby been minimized.

17

/:ie(.t}~on 1!113-Hi. c-Puot !i!J, 17!J,!HO bwdwl;; l(,.p,•rt ·H5,Hi:'J,07U bnt<helH, local l0,8i0,677 bushels, gain in weight 61)9,8Hi hushds. The Jinal adjustment b.~ the .\.u:<trali<.ttt WheaU3uarJ, in aecordau~:e with t.he balance due to·or:by•each Rta.te on account of overseas slt ipnHmt:s, is Jl()aring t·omplt·tion.

ThB an>rage realizatioll on dPlivvrles made hy Victoria <•n u.cconnt of overseas pool is 4s. ~)· 52d, per bushel, and the u verag" realization of all Shtes is ,;~t,imnt~c,rJ nt ,J,,, I Od. per bus!wL . . .

ThiK estimated a V<'ragc cum bi twd with th I! lonal ~alPs iududing m iseellanPolli:! receipts and proceeds of gam ~n we~ght give a net realization or 4s. 10· 7:'!<1. pn !nu;lwl {1)1 tb<' '''"rtificat-t>d quantity. 'fhe total charges other than rarl freight <ts per ecrlifirak:>, aHc·r 'i''dllf·ting >tora.g•· ebar~"~ paid h.'- tlw lmperhtl Government, amount to 3'859d. on certificated quantitieH.

Stooks of the "''ason were on rried up to thrPe ami a-half. yParf(. Progress Jla.)'trH'llh;, amount.ing to 4K. i"Jld.Jwr bnsfu·l, Ios:; t·ail fn~ight a.s prr eertificates, have been made.

Season H!Hl -17. Pool iJO;iOti;770 bashok J•;xJ)(Irt 32,\JiiO,!i05 hu~>hels, locall6,l20,329 bushels, loss .m weight 1,325,8:J5 hnsheis, indudin:.; 80,000 buslwls provi~:~ic!ll for loss on outtum weight;;.

The basis taken £or eredi(. ia the "\..;count of 1':\aks i.~ <ts folluws:

Hxport 8ale.s. ·!. Balance: of Cnn!.r;H·t of :-un;,oon iCJJJ:> o( wh.·~ut: (partly :;upplied by season 1915-16). . 2. Oversea . .,: saJes in yem: HJ 17 I"~" a proportion ot the realization in exee:<s of 1s. 9d. per bushel, seaport basis, on

shipments from l;;t Jauuar.v to 3J •.t ~ta.~· !!ll 7, er<'dit.:d to 19lfJ-lU c;ea~>on. 3. One-half oJ Overst•as s11les in ye<tr 1Ul8. 4. The balauce from ftr~b Uv,•rsr~a;: ~ah·•J i11 year J \:11\J.

Local8aleii.- 1. Salt:s in y .. a.1· I ~l17, l<lss a J•roprn·1 i~>n of tlw rt·aLi~at;ion in excess o{ 4s. 9d. per bushel on Local Sales from lst January to 31st '\lay, I \l l7, t-.mm-fcrrcd t•• t.he t'l:<'<llt nf HJL!)-[6.

2. One half of l.oeal SaJeR in \'ear J D18. 3. Sales of lm.v gmde unmiUa.l.>h wkM ;tud piekl;p~ o( Uti;; st'tl.tiOll made after 3lllt Decembl"r 1Ul9. The averag.: realizatiotl of clt>liru·ic~ made by ViL:ttHia oH aeeonnt. of (hrer.-<cas sales i;; 5s. 1· 2ld. per bu~>hel. 'l'he average O\'<~r~c'll-~ L<:a.lizat.ion uf all ~tate~ is not availabie. The average realization ol' lo•·-al sJ.],~,; (inr·Jwlin~ w:!l~ipt.<) i.< L. :)· OJ3d. per busheL Re~:eipt!> OH avcount of Sturage nharg~es (Ttl!J'l'l'i,t] GoYrnlllli'U1; l'nntract) have improved by £53,157 8s. lid., and

now stand at £703,3f)3 :lo;. lOd. The adjustment of local r;:des of low gr:Hle wh•·:tt. and inter-pool interest, tbe additional storage charges received,

and the rccPival by th',' Australian Whe:tt Board of a ·<hare in t.he profits on diverted eargoes on account o£ the Imperial Government Conlract, have in1prove.J the po'litiou of thi~ pool since the laHt publi~>hed accounts.

The Stock~>, some of whieh were earried for follr (:L) year8, have been cleared and the loss in weight definitely ascertained.

The tot<tl charges, other than nul height <ts per tcrtificateH, after deduct.ing storage charges .rC(:eived, amount to 1· 37d per bushel on certifieatr•d quantitie~

The progress pavmcnts to grower.< amount t( ±~.per bushel. less mil freight as per certifieates.

Season 1917-lfl.. --J'ool3G,233,372 hu~hels. K'>.J!ort 21,731,7G2 bushels, local 11,631,001 bushels,. gain in weight 135,390 bushels.

'l.'he ba;;is taken for erellit in the Account of ~:'alp;; is as followR :-

E:tport Sales.-1. fJOper cent. o( Joiut Account 1 !)i(i .. J7 and H!l7-18. 2. fJ2· 22 p<'rtent. of.Joint Avcount HH 7·-18 aml HJlB-19. 3. Balance satisfied from sales of 1920.

Local Sale&. -1. 50 per cent. of Joint .\ccouut J9Hi·l7 and 1!:117-18. 2. 52·22 per cem. of Joint Aceount 1917-18 amll918-19. 3. Low grade uruuillable wheat o[ this seasoH sold locally after 3lc;t DPecmber, UHH. The a,veragc realization 011 ddinlries made by Vietori<1 on aC!'oun!; of Ov·er:-;cas Sales is 6s. 7 · 39d. per bushel. The aVllrage overseas realiza.tion of all States lmo; not yet bel)ll arrived at.

' Victorian local sales, including mi.~cellaneous rceeipts, average 5s. 0' 142d. per bushel. The interest charge on this Pool, as adjusted to 30th June, 1921, as previously pointed out is high on account of

the length of time t.he crop r<•mained un:,;old. The realization of materials requir('d for the handling and storage oE this harvest (the whole exportable surplus

of which had to be stoi·ed.) ha;; heen eo m pleied. Th0 difY,?rvucf' between the purchase cost and th., proceeds of realization after two or thrl'e ye,trR' nc;e i~ sh.own in the ac·cotmts, and repn·st•nts a eharge to the season o£ · 164d. per bushel.

The total eharge;:;, other thn,u r:.1il fn~ight a~ per <:ertilicah~l:i after deducting storage charges received is 7 ·133d. per bushel.

Stocks were carried up to three years, Progress payments, amounting to 5~>. per bushel, less rail freight as per certuicates have been made.

8easun 1918--19- -l'ool 2;},027,351 bu:;hds. Export 17,111,284 bushels, loea.l 5,\:125,601 bushels, gain in weight :309,531 bushels.

The basis taken for credit in the Account of .Sales is as follows : ·-

Export Sales. --1. 47 · 78 per ccnb, of ,Joint Account I 917-18 aud lUH!-19. 2. Balance s~1tisfied front ~>ale~> of 1920.

Lucal Sales. 1. H · 78 per cent. of J oiui, Aueouut HH7 -~~~·a,nd I \:1 L8·l!J. 'rhe avera.ge realization t>ll deliverie1:1 made Vietoria on <Jueotmt of ovt·r~ca.8 sales j,., us. 10· 3d. per bu~:~hel. 'l'he average overseas IC"alization of all S1 ales 11ot yet ohtaiuable. The average •·ealiza.tiun ou IHTmmt of loe~d H<tlt>s, indwling miseellancous rceHiptt(, is 5s. 2· 89d. per bL1shel. The whole uf the exportable surplu~ of this t<Ot~i'iOll (as in 1917-18) had to be stored, and stocks were carried for

two years. Owing to the aecLtmulat.ion of stuck~ and pn•st•nce of Weevil at the seaboard, depots had to be established in the

country. These were required iur oi tb1: one season only 11s the following harvest provided only a very small quantity for eX.J!urt. The cost of timbe;· iron for the storag<; shedc; and country covering, after realization of the material used amc:unts to · 394d. per bu~hel, the totall·.hal'ges other: than raii freight as per certificates, being 5s. 4 ·Md. per bushel.

Progress payments, amounting to 5s. 2d. per bushel, lellsrail freight as per certificates have been made.

17337.--2

18

Season 1919-20.-Pool, 12,34:9,433 bushels. Export 3,110,348 bushels, local 9,257,74:8 bushels, gain in weight 18,663 bushels.

The basis taken for credit in the Account of Sales is as follows : -Ecport Sales.-All sales made overseas during year 1920, subject to a neeec;sary adjustment with 1917-18 and

1918-19 .Joint Account for the quantity undelivered on 31st Deccmb0r, 1919, ou that account. Lo~;al8ales con;;ist of all requirements (within the State) for the year 1D20, less ;;alel:l of low grade unmillable grain

of other seasons sold during this period. Under the provisions of the Wheat ilfarketiny aml TranSJ)(IJ'lation Acll!l20, an amount reprec.llmting the increase in

the price of wheat from 7s. 8d. to 9s. per bushel was made payable on all stocks of flour carried over to 1921. £65,682 has been collected on this account.

bushel. The average realization on the over<>eal'! quantity of 3, tl0,348 busheb delivered by this State is 12s. 10· 97 d. per

The average overseas realization of all States is not yet obtainable. The local sales, together with miscellaneous receipts and" flour stock~ increase" average 7s. 8· 625d. per bushel. The total charges, other than rail freight as per certificates, amount to 2 · 5d. per bushel. The handling charges

are more favorable than for other seasons on account of the greater part of the season's grain being required for local use and handled direct by fiour millers.

Progress payments amounting to 7 s. Gd. per bushel, less rail freight as per C<'rtificates, have been made.

Season 1920-21. -Receivals to date 38,443,822 bushek The average realization ou deliveries made by Victoria to date of Account for the Overseas Pool is 8s. 8· 2'Jci. per bushel on 20,887,8GG bushels, bnt thc:;e Victorian deliveries cannot be taken as the standard of the whole pool.

Local sales to date of Account, including miscellaneous receipt.,;, average 9s. 1· 38d. per bushel on 3,4£:19,495 bushels. As the transactions of this Pool cover a period of six (G) mouths only, they do not give a reliable indicat-ion of final

reslllts. Transfers of timber and iron have been made to this Season at expert valuation, and complete shed accommodation provided at seaboard for the exportable surplus. The ehargc under this heading will be considerably redueed by realization.

Progress payments, amounting to 5s. per bushel, have been made to date of the Account, but a further advance of ls. 3d. per bushel was paid on 5th July.

Balanoe-8!teet~Liabilitie!5.--The full amotmt of the eredit balance shown for e1wh season does nut necessarily belong to Victoria. Each balance represents the unadjusted credit for both Overseas aml Local Sales made by Vietoria, the .Overseas sales being subject to apportionment on an Australian Pool basis.

Assets.--The principal item is the debit to the Australian Wheat Board on Geneml Pool Aceount for proceeds of shipments against which cash has not yet been received by this State. Materials, plant, buildings, furniture and fittings are now held solely on account of Season 1920-21.

Details under the various headings have been omitted, but these have been July given in the full statement oi accounts furnished to the Auditor-General and Governor in (;ouncil, in ar:eordance with the provisions of the ·wheat l\'Iarketing Acts.

Published statement!! have appeared on 19th Deecmber, 1Hl7, 27th Kovmnber, Hll8, 12th November, 191!1, and 17th November, 1920.

D. S. OMAN, Minister administering the Wheat l\farketing Acts. H. J. BAKEH, A.l.(;.A., Manager, Victorian Wheat Commission.

By Autlwrity : ALBtm'l' J. ;u UJ.l,ETT, Government Printer, Melbourne.

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