BUTTER – FAT PAYMENTS.

New Zealand Herald, Volume LX, Issue 18460, 25 July 1923, Page 12

BUTTER - FAT PAYMENTS.

OPOUFUAG DAfRY COMPANY. : * , ADVANTAGE WITH CHEESE. [BY TELEGRAPH.— CORRESPONDENT.] WUAKATANE. Tuesday. The chairman of the Opouriao Diary ■ Company, Mr. Walter . Reid, states that ' v the company has manufactured 668 tons of cheese and 100 tons of butter for the past season. The company's, payment on cheese would average Is 8d per lb. butterfat for the whole season. The company ' would carry forward £640 to the resoivc fund. If a further £40 had been received it would have > enabled the company: to have paid out an additional £d per Id. on • cheese. '; 1 ; With regard- to buttgr, the company was. only enabled to average Is 43d per lb, butter-fat.> Progress payments by the company for the season had amounted to Is 3d pier lb', butter-fat. Cheese suppliers would thus get a further .-cash bonus of 5d per lb. butter-fat on cheese. Of this 5d > bonus, .3d had already been paid,\ and the . remaining 2d-would be paid immediately after the annual meeting of the i company in August. The butter suppliers had already received their bonus of lfd.

TATUA DAIRY COMPANY'S; YEAR. PAYMENTS-ALMOST Is 100 PER LB. [BY TELEGRAPH.— OWN CO3RKSPONDENT.] .-.'■:•:! ! ; • ; MOKKINSVILLE, "Tuesday! )'■' ,;>'-■• The annual meeting of the Tatua Dairy Company takes place next month. The company will i make a total payment to suppliers of Is 9.82 d per lb. butter-fat for ; the season, v The annual report states: "The payments to suppliers during the season amounts to 17.65 d. From the surplus of £5944 a 2d supplementary pay- ! .' ment was made on June 20."■ 1923/ leading | a balance of £5204 19s Bd. It is proposed to make a further supplementary payment ..of 2d on August 1,1923, after the annual meeting, and to recommend a dividend of :• '5 par > cent, ;• on paid-up capital. This .will make a total payment to suppliers v; of Is 9-.82 d per lb. butter-fat. During the year 577 tons- of cheese were manufactured. ; This represents a -decrease on last year, but during the; early part of the _.;_,season, owing' to the good prices offering : " for cream, the milk was separated and butter-fat sold. The October and Novem- ;. ber output of cheese realised very satisfactory- prices, the last shipment making 150s. ? From Dtecember. 1 to the end of March the whole of the exportable out- , .put was sold-' privately. Owing to the ; rapid fall in tW price of cheese on the :: London market .this sale was greatly to■ ;: . ; our advantage.; The average grade was 91.36.,.' During .the;year* a 25 h.p. motor ; h and three-ton refrigerator were ; installed. I : This plant has proved satisfactory, as, in. addition to a/saving on shrinkage, th« y ■;.- quality shows a marked improvement."