CAB129-37 — Page 628

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APPENDIX IV

CPERATING STATEMENT FOR 1954/55

WITH 20 UNITS UNDER CROP

OPERATING ACCOUNT

£2,763,000 ft Value of Crop on site:-

roduction Costs

Groundnuts: 251,000 acres

@ £5.482

Sunflower:

289,000 acres

@ £4.800

F.C. Overheads

́1,000,000

alance to Profit & Loss Account

2,253,000

£6,016,000

preciation

lance available

PROFIT AND LOSS ACCOUNT

£1,156,000

1,097,000

£2,253.000

77,770 tons Groundnuts

£3,546,000

96,110 tons Sunflower

2,470,000

£6,016,000

Balance brought down

2,253,000

The crop values given assume yields of 750 lbs. per acre and prices of £55 per ton c. & f. for groundnuts and £35 for sunflower, i.e. the prices now current. It is obvious that a prudent rovision of these prices would show a loss assuming that yields, the ratio of groundnuts to sunflowers and estimated costs remained the same.

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£2,253,000