DAIRY PAY-OUT

Auckland Star, Volume LXXII, Issue 171, 22 July 1941, Page 3

DAIRY PAY-OUT

N.Z. COMPANY"

SURPLUS OF £1,422,243

HAMILTON, this day. 'ill >i surplus of £1.122.24:1 in tho profit and loss account, including amounts duo suppliers to the company s butter, cheese, milk powder and evaporated milk factories, the Now Zealand Co-operative Dairy Company will pay out to suppliers in full at the end of the month, except dried milk suppliers, who will receive a substantial portion of what is due and a final payment later. In a statement to-day Mr. C. .1. Parlane. general manager, said the deferred payment to he made to shareholding suppliers to tiie butter department is 2,GOOJd. which makes a total avcra.ce navment to butter suppliers of lfi.:{olod. «>r including cartage. Hi.6l2nd per lb. Pavmcnts to be made to suppliers to the company's 2 1 cheese factories vary iccording to local conditions, the iverage over all factories, excluding town milk sales, being 15.2153 d per lb butterfat. The average pavment :o be made to suppliers of the company's evanorated milk factory at Matangi will be 10.:?r>.">6d per lb butrerfat. excluding share credit. Suppliers to the three milk powder factories will be advised within the •lext few days of the surpluses ivailable in their respective groups. In addition to the above payments hose suppliers who placed their msiness with the company wi'l eccive ;» rebate of 5 per cent on heir purchases through the trading lepartment. Purchasers through the nachinerv department will receivt; tverage rebates considerably in •xcess of this figure.