CHEESE AND BUTTER

Evening Post, Volume XCIV, Issue 135, 5 December 1917, Page 2

CHEESE AND BUTTER

IMPERIAL PURCHASE TERMS.

Factory directors have received from the National Dairy Association of Xew Zealand, Ltd., advice of the terms of the Imperial Government's purchase of cheese and butter

Tlie price for cheese is 10d' per lb f.o.b. ocean steamers. Factories are required to pay all storage up to an average ot three months. For instance, if halt the cheese was held in store for two months and the other half for four months, factories would require' to pay all storage, as the average would only be three months.

■ Factories must also carry all risk of insurance^until the cheese is placed f.o.b. ocean steamer, but Mr. Massey has promised to do his utmost to- have the Imperial Government carry all risks from factory door. In the meantime factories must attend to their own insurance to f.o.b. ■ ■'•

An advance of £6 per crate of cheese .will be made after the produce has been in-store for 28 days. Applications for advances must be made through the Government grader in the same way as last season,. with the exception that it must be proved to the grader's satisfaction that the cheese is protected by insurance in store.

The price for butter is 157s per cwt f.o.b. ocean steamer for first grade, and ■Is per cwt less for. every point below first grade. : Factories to participate to .the extent of 50 per cent in any profits made by the'lmperial Government when selling the butter in London.

Exactly the same terms apply as to storage. The insurance is the same ae. for cheese., with the exception that before the- profits (if any) can be paid to factories all storage must be paid from such profits. ; ==— '■ . •

Advances of £3 10s per box will be made on the same terms as advance is made to cheese factories.

The Imperial Government has refused to buy. third grade cheese. Nblhine has been definitely stated regarding whey, milled, and dairy butters; but Mr.' AKfesey has cabled to' ascertain if these will be accepted.