P.P.C.S. Surplus A Record £665,825

Press, Volume CIII, Issue 30588, 3 November 1964, Page 20

P.P.C.S. Surplus A Record £665,825

(New Zealand Press Association) DUNEDIN, November 2. The Primary Producers’ Co-operative Society Ltd. achieved a record £665,825 surplus for its members on the marketing of their lambs and sheep for the 1963-64 export season.

This was announced today by the society’s chairman (Mr T. McCristell), of Balclutha. The £665,825 surplus on schedule will be distributed to members throughout the South Island at the rate of 8s 3d for each exportable lamb and 4s lOd for each exportable sheep marketed through the society. Total stock handled—--1,701,498 lambs, sheep and cattle—was within 8000 of last season’s record figure. The society now handles over 13 per cent of the total South Island export lamb kill. Total Surplus Mr McCristell said this season’s record surplus was £102,000 greater than the previous record of £563,824 in 1961-62 and brought the total surpluses achieved during the last three years up to £1,476.472. “I am sure that 0ur.7000 members will be well pleased with the results of the society's marketing achievements overseas. “It is significant to note

that in the last three seasons alone, the society’s surplus has averaged 6s 9d a lamb or 2Sd a pound above schedule rates.” Mr McCristell said these results showed clearly that schedule rates had reflected an ultra-conservative value for stock, and farmers would be well advised to consider this carefully before disposing of their product