15 Dec, 1919. 



The Beet Sugar Industry. 



725 



On 31st December, 1912, the assets were taken at an operating valuation, and 

 a first balance-sheet was prepared for the six months ending 30th Jiuif. 1013. 



£ 8. d. £ .y. (/. 



Liabilities at 30tii June, 



1913 .. .. 86,276 14 11 



£86,276 14 11 



Assets — Land, Plant, 



Equipment, &c. . . 64,647 2 5 

 Debtors, &c . . 4,377 5 10 



Stocks .. .. 13.673 6 2 



Loss, half-year after charg- 

 ing Interest and Depr-^- 

 eiation . . .'. 3,579 6 



£86.276 14 11 



1913-14. 



1.000 acres were harvested for 7,432 tons of beet, producing 920 tuns of sugar. 

 Tlie price of Ijeets was 23s. per ton. Another dry period was experienced, and 

 the compulsory growing of beet on both the Boisdale and Kilmany Closer 

 Settlement Estates was discarded, as they were found unreliable without irriga 

 tion. Beet-growing by the factory was also discontinued. Where irrigation 

 was tried, the results proved most satisfactory, but the settlers did not then 

 show sufficient interest to encourage the Government to proceed with an irriga- 

 tion scheme. 



Liabilities at 30th June, 

 1914 



£ 



100,906 17 



£100,906 17 7 



Assets— Land, Plant, 



Equipment, &c. 

 Debtons, &c 

 Stocks 



Profit qnd 



LossA/c 3, .179 6 



Loss for year 

 after In- 

 terest and 

 Deprecia- 

 tion 10.304 1.1 1 



63,927 6 



3,309 15 



19.786 



<l 



13,883 15 7 

 £100,906 17 7 



1914-15. 



990 acres were harvested for 8,843 tons of beet, producing 1,182 tons of sugar. 

 Tlie price of beets was 23s. per ton. Although a dry year, a very favorable fall 

 of rain during the growing season occasioned a satisfactory crop, but it was 

 estimated that 1,500 tons of beets were diverted for stock feeding piirposes. 



Liabilitie.s at 30tli June, 

 191-) 



>l 



107,657 5 9 



£107,657 5 9 



<h 



1915-16. 



461 acres were harvested for 4,928 tons of beet, producing 560 tons of sugar. 

 Owing to local difficulties, and tlie uncertainty of seed supplies coming to hand 



