EXTRA MILLION THIS YEAR.

New Zealand Herald, Volume LX, Issue 18355, 22 March 1923, Page 7

EXTRA MILLION THIS YEAR.

MONEY FOR DAIRY FARMERS,

[BY TELEGRAPH.OWN CORRESPONDENT.] •'■' V-' "* HAMlLTON."Wednesday. The remarkable increase in , butter-fat payments' in the Waikato this season, as compared with last, was the subject of a statement to-day by Mr. "W. Goodfellow, managing director of the . New Zealand Co-operative Dairy Company, Limited. ' •' •• •'■--,; " For the months of November, December, January and February of last' season, when the disastrous slump experienced in England in dairy produce was reflected in the low advance .payments- to the primary producer here," said Mr. Goodfellow, "the New Zealand Co-operative Dairy Company, Ltd., paid oil* a total of £808,759. For the same four months of this season, the advance payments will comfortably -exceed £1,500,000, so ■ that this company alone has put into distribution for this period £700,000 more than was available in the same space of four months last season. As about 75 per cent; of the total butter output of the Auckland province is contributed by the New, Zealand Co-operative Dairy Company, Ltd., these figures mean, allowing for a similar excess in the proportionate payout's of other companies, that as nearly as possible an extra million in hard cash has been distributed in the past four months over the same period for last season." \-'/■■'.. :. •:■'■ >s •;:•■•'>