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SURPLUS OF £1,518,535

Special. HAMILTON, this day. In a statement to-day Mr. C. J. Parlane, general manager of the New Zealand Co-operative Dairy Company, said the total surplus in the company's profit and loss accounts for the 1944-45 season amounted to £1,513,535, this including amounts due to approximately 12,000 suppliers to the company s butter, cheese, milk powder and evaporated milk factories. Mr. Parlane said deferred payment to be made to shareholding suppliers to the butter department was 2.799 d. The total average payment for finest quality butterfat, including cartage, is 20.6144 d. and for all grades, including farm cost allowance, 20.0451 d, or, including cartage, 20.43512 d. This payment does not include rebates or profits from trading departments. Payments to be made to suppliers to the company's 24 cheese factories vary according to local conditions, the average over all factories, including farm cost allowance, being 22.4524 d. Suppliers to the company's milk powder factories, evaporated milk factory and town milk groups will be advised within the next few davs of the surpluses available in their respective groups. Every effort is being made to pay 'Out all surpluses in full at the end of the present month.

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Bibliographic details

PAYMENTS DUE, Auckland Star, Volume LXXVI, Issue 174, 25 July 1945

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PAYMENTS DUE Auckland Star, Volume LXXVI, Issue 174, 25 July 1945

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