BRUNSWICK STATE FARM.

EXPENDITURE. ______________________________________________________________________________________

                                        Year.                                                                              Loan.

______________________________________________________________________________________

                                                                                                                                        £       s.     d.

1906-7 ... ... ... ... ... ... ... 440 6 3 1907-8 ... ... ... ... ... ... ... 8,650 17 6 1908-9 ... ... ... ... ... ... ... 8,915 11 7 1909-10 ... ... ... ... ... ... ... 1,255 18 1 1910-11 ... ... ... ... ... ... ... 904 14 1 1911-12 ... ... ... ... ... ... ... 557 16 0 1912-13 ... ... ... ... ... ... ... 1,773 6 7 1913-14 ... ... ... ... ... ... ... 651 5 4 1914-15 ... ... ... ... ... ... ... .... 1915-16 ... ... ... ... ... ... ... 173 5 0 1916-17 ... ... ... ... ... ... .. ....

                                                                                                                       ______________________
                                                                                                                              £16,323      0     5      

_________________________________________________________________________________ No interest on expenditure has been added in the departmental books.

Expenditure and receipts for past five years. ____________________________________________________________________________________________________________

            —                                              1912-13                 1913-14                      1914-15               1915-16                1916-17

____________________________________________________________________________________________________________

                                                              £     s.  d.                   £      s.   d.             £      s.  d.               £      s.  d.              £      s.  d.

Expenditure ... ... ... 2,569 0 8 3,424 8 10 2,753 5 10 2,787 19 9 3,363 13 6 Receipts ... ... ... ... 1,198 1 10 1,898 14 5 1,053 0 4 1,007 13 5 1,521 15 1

                                                     _________________________________________________________________________________
                                                         1,370 18 10                1,525  14   5         1,700   5   6            1,780    6  4           1,841  18  3

____________________________________________________________________________________________________________ No profit and loss account has been made up for these farms, for no profit has been made. The loss shown represents the difference between the Revenue and Expenditure as per Treasury figures; and in regard to the Denmark State farm, here is a statement in regard to that farm also :—

DENMARK STATE FARM. (Including Butter and Bacon Factories.)

EXPENDITURE. ______________________________________________________________________________________

                                        Year.                                                                              Loan.

______________________________________________________________________________________

                                                                                                                                      £         s.    d. 

1912-13 ... ... ... ... ... ... ... 1,265 17 4 1913-14 ... ... ... ... ... ... ... 405 7 7 1914-15 ... ... ... ... ... ... ... 238 17 7 1915-16 ... ... ... ... ... ... ... 649 4 3 1916-17 ... ... ... ... ... ... .. ....

                                                                                                                   ______________________
                                                                                                                                £2,559       6    9           

_________________________________________________________________________________ No interest on expenditure has ever been added in the departmental books.

Loss incurred for past five years. ____________________________________________________________________________________________________________

            —                                              1912-13                 1913-14                      1914-15               1915-16                1916-17

____________________________________________________________________________________________________________

                                                              £     s.  d.                   £      s.   d.             £      s.  d.               £      s.  d.              £      s.  d.

Loss ... ... ... ... 328 12 2 514 0 7 515 11 5 806 16 5 327 1 0

                                                     _________________________________________________________________________________
                                                         1,370 18 10                1,525  14   5         1,700   5   6            1,780    6  4           1,841  18  3

____________________________________________________________________________________________________________