BUTTER PROFITS.

Northern Advocate, 20 July 1915, Page 1

BUTTER PROFITS.

~ ' THE PUBLIC'S MISTAKE. A MAUNGATAPERE EXPLANATION. A blunt explanation was mado at, the annual meeting of the Maungatapere Co-cpsrative Dairy Coy. by Mr Hill, a shareholder, yesterday. Referring' to the balance sheet, which showed a credit balance of .OSiilO 43 2.d, £ 312S 2s 10d being distributed as bonus, he said that people in the tov/ns were under the impression that dairy farmers were coining money. If the people get hold o , ' the balance sheet they would be confirmed in their opinion. Let thorn suppose, however, fer exam;'?, that a saw mill manager deducted lOs per week from the wages of every employ co and that he hold th.money until the end cf the year.. M U'.n c'oi-e of the prriod thnt. man-a'-'er could Iftlk nbo\i" n «■:•>■■■' -U'.V surplus, but what would tho people say? ToAvnßpcople got erroneous impressions. The Dairy Coy.'s balance represented the wages which the suppliers had earned last year but did not receive. Those wages were very hardly earned too! The Chairman remarked that the Company did not pay up all that was due last year.