Farming Notes

Matamata Record, Volume XVI, Issue 1445, 27 July 1933, Page 7

Farming Notes

THE DAIRYING SEASON.

MORRINSVILLE COMPANY.

Return of 9.374 d for Butter.

Suppliers of she Morrinsville Cooperative Dairy Company will receive an average return of 9.3.74(1 per pound of butterfat supplied during the 1932-1933 season, according to the 11th annual report,, which is to be presented at the annual meeting on August 2.

The company’s output -Of butter increased by 650 tons, or 30 per cent., to the record figure of 2790 tons for the season.

The report states:— “ With a market fluctuating from 110 s, London, at the date of our last annual meeting down to 675, London, in April, our statement that the season has been a difficult one to produce satisfactory returns in will not be gainsaid. The result achieved is gratifying when reviewed in the light of all the circumstances. The larger proportion of the output has, in accordance with custom, been sold

I on a consignment basis.” ? Summarising the position, the nett

! result is:— Pence. j Average Advance (all grades), j including. Collection . . 8.635 Bonus Paid on July 15 .. .500 1 Bonus Due .. .. .. .200' ! Dividend .. .. .. .039 Total 9.374 A dividend of 4 per cent, on paidup share capital is recommended.