SEASON'S PAYOUTS

King Country Chronicle, Volume XXX, Issue 4872, 18 July 1936, Page 4

SEASON'S PAYOUTS

N.Z. DAIRY COMPANY. In a statement made yesterday, Mr. C. J. Parlane, general manager of the New Zealand Co-operative Dairy Company, Limited, said that the deferred payment that would be made by his company at the end of August would amount to 2.3384 d per lb butterfat to the shareholder supplier, or, including the deferred payment already made on June and July butterfat, a total surplus of 2.422'd per lb, making the total payment for finest quality butterfat supplied for butter making during the 1935-36 season, including cartage subsidy, 1/1.0579d, whilst the average payment for all grades would be 12.9451 d per lb, the direct delivery payment for finest grade butterfat being Is 1.1716 d per lb.. The deferred .payment would be disbursed as follows: August, 1.502 d per lb; September, .502 d; October, 1.502 d; November, 2.502 d; December, 3.oo2dj.January, February and March, 2.502 d; April, 2.002 d, and, subject to realisation of stocks, a cash payment of .502 d per lb butterfat on May supply. In addition, a shareholders' bonus of .25d per lb butterfat would be paid over the full season on all butterfat covered by shares.

The monthly advance payment on butterfat supplied (Juring June would be Is per lb for first grade butterfat for butter making free of share credits, and Is Id per lb on first grade butterfat for cheese-making.