Hon. Alvin Hamilton (Minister of Agriculture):
Mr. Speaker, I have a statement to make to the house with regard to the 1961-62 oats pool. The 1961-62 oats pool has now been closed and the government has authorized distribution of the final surplus on producers' deliveries of 24,911,122 bushels of oats to the 1961-62 pool. The final surplus is $4,301,349.92. After deducting the Prairie Farm Assistance Act levy and final payment costs, and after adding estimated additional interest earnings, the final payment on the 1961-62 oats account will be 17.26659 cents per bushel. This compares with an average final payment of 14.094 cents per bushel in the case of the 1960-61 pool.
The final payments for the principal grades of oats delivered to the 1961-62 pool are as follows:
Final Payment (cents per
No. 1 Canada western 17.024No. 2 Canada western 17.024No. 3 Canada western 16.777No. extra 3 Canada western 17.024Extra No. 1 feed 16.777No. 1 feed 17.767No. 2 feed 19.747No. 3 feed 21.727
The first cheques with respect to this pool will be issued tomorrow, November 27.