BONUS OF £20,000

Feilding Star, Volume 9, Issue 3792, 9 August 1932, Page 5

BONUS OF £20,000

For Cheltenham Suppliers

DIVIDEND PROVIDED FOR CAPITAL AND INCOAIE TAN PAYMENTS TO RE MADE. BEFORE THE END OF THIS MONTH The balance sheet of the Cheltenham Co-operative Dairy Co., discloses a, surplus of C20,*"304. After providing for dividend on share capital and income tax thereon tho directors arc recommending that the balance lie paid out by war of a hodiu- amounting to 1 3-1 Gd per on the full season supply of but-, terf a t. As the dividend oirly absorbs a comparatively email amount, some- ; thing over £20.000 will ho paid in bonuses*. Arrp.tU<xemo-nts are now being made to make the payment immediately following tho annual meeting, to ho held on Aucru*-*. 2.1. I-tfist season 2142 tons of butter were made at Making from 43G4 tons of cream supplied by - Q f>7 suppliers. The aver acre test of the cream wa s 40.51 per cent., and the overrun amounted to 2T.lf> cent.