Alliance rebates to farmers of $7.7M
PA Wellington Alliance Freezing Comtpany, of Southland, has declared a full supplier rebate for the 1984-85 season of $1.50 a head for lamb, $1.87 a head for sheep and $3O a head for cattle, amounting in total to $7.7M. An interim rebate was paid out in October 1985.
Alliance said the final
rebate declared by directors is 50c a lamb, 62.5 c a sheep and $6 a head for cattle, amounting to a cash payout of $2.4M to 3600 farmer shareholders in the region. In announcing the payout, the Alliance chief executive, Mr Sandy Murdoch, said the final rebate is being paid fully in cash, even if the full standard shareholding is not held.
"While all farmers need cash at present, our decision to pay out to everyone will be of particular benefit to new shareholders, most of whom are new entrants to farming and who probably have the greatest cash need.”
Mr Murdoch also indicated that returns from stock killed to date this
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19860201.2.145
Bibliographic details
Press, 1 February 1986, Page 22
Word Count
170Alliance rebates to farmers of $7.7M Press, 1 February 1986, Page 22
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in