RETURNS FROM BUTTER.

New Zealand Herald, Volume LX, Issue 18387, 1 May 1923, Page 6

RETURNS FROM BUTTER.

EXTRA PAYMENTS THIS YEAR.

TOTAL OF £1,238,516;

TEN MONTHS OF SEASON.

rBY TEI.EGRAPH. —OWN CORRESPONDENT.] HAMILTON. Monday. The manner in which the dairy industry has contributed to the recovery of sound trading conditions in the South Auckland province is shown by some interesting figures which were quoted to-day by Mr. W. Goodfellow, managing director of the New Zealand Co-operative Dairy Company, Ltd. " The ' extraordinary production of butter-fat in the past season, together with the satisfactory advance payments made, compared with the preceding season," said Mr. Goodfellow, "have had tho result of putting into circulation for the ! past 10 months, compared with the camo j period of the preceding year, an extra | amount of £1,238.516. The actual advance payments made this season total £2,884,921, compared with £1,646,415 at this stage last year. t "It is very gratifying indeed to record such an expansion, particularly as it is i contributing very definitely toward tho rapid recovery of normal trading conditions after the recent depression. Farmers are now rapidly ridding themselves of the , incubus of debt that necessarily accumulated' in some cases when butterfat prices dropped so suddenly, and, moreover, are beginning to come slightly upon the market for luxury articles, such as | motor-cars. In ono week recently the agent of one' American make of car concluded 25 sales. '' This recovery in the purchasing power of the farming community is a good* thing for everybody, particularly as the dangers of speculation are now fully realised. The tendency is to put money into definite productive improvements and so increase the carrying capacity of farm lands. " The extra production initiated under | the spur of the depression is likely to be continued, and it will be found to have contributed a very great deal to the development and progress of the South Auckland district. In this way some measure of good may be said to have come out of what was at tho time a very hard thing."