BUTTER-FAT PAYMENTS.

New Zealand Herald, Volume LXIV, Issue 19799, 21 November 1927, Page 7

BUTTER-FAT PAYMENTS.

CAMBRIDGE AND BRUNTWOOD , \ '.., _ ■ TOTAL OF £36,000 FOR OCTOBER. [BY TELEGRAPH. —OWN CORRESPONDENT.] CAMBRIDGE, Saturday. The Cambridge and Bruntwood Dairy Companies are making advance payments for October supply totalling £36,000 today. The Cambridge Company will pay out £31,000 on the.basis of Is 6jfd per lb. for cheese and Is 5d per lb. for butter respectively, against Is 4d and Is l£d respectively for the corresponding period last The company's supply shows an increase of 10 per cent. For the similar period the Bruntwood Cheese Company received 66,6001b. of butter-fat,- which is a decrease on the corresponding period of last year of 12931b. The pay-out amounts to £SOOO on a basis of Is 6d per lb. butter-fat. TELEGRAMS IN BRITAIN. ANNUAL DECLINE SINCE 1920. COMPARISON WITH DOMINION. An intimation was recently given to the Union of Post Office Workers by the* British Postmaster-General that a decline m telegraph, traffic made decreases in the telegraph staff, both rank and file, inevitable. Official figures show u continued diminution in the number of inland telegrams. The total was 78,269,000 in 1912, and in 1920 it was 82,500.000 Since then the number has'' decreased yearly, and in 1926 it was 49,783,000. It was stated that the increased use of the telephone by .the public had had the effect of reducing the telegraph traffic. In comparison with the volume of in* land telegraph traffic in New Zealand, and having regard to the proportions of population, the British figures appear to be remarkably low. In the last fivo years, the number of telegrams forwarded in New Zealand has steadily increased from 6,106,951 to 7,043,209, or roughly one-seventh of the British total for last year. In the same period, the number of telephone toll messages has increased from 7,406,257 to 9,329,017 Simultaneously, there has been a large expansion of the telephone service, the number of telephone stations having increased from 107,036 in 1923 to 137,307 this year. BRITISH CAPITAL ISSUES. HIGHEST TOTAL SINCE 1920. I Issues of new capital in the United Kingdom during tho first nine months of this year, according to returns compiled by the Midland Bank, amounted to £201,858,000. This compares with £175,770,000 for the corresponding period of 1926, and is the largest total since 1920. The compilation excludes all direct borrowings by the British Government for national purposes, shares issued to vendors, allotments arising from the capitalisation of reserve funds, issues for conversion, or redemption of securities previously held in the United Kingdom, or short-dated bills sold in anticipation of long-term borrowings. Compared, with a year ago there has beeen a falling off in the amount raised on bfihalf;of,fprcigrj borrowers, namely, £33,163,000, as against £36,884,000. India, the Dominions, and the Colonies have also taken slightly less, namely, £44.190,000, in comparison with £45,015,000. On the other hand, the amount raised for borrowers in the United Kingdom has increased from £93,871,000 to £124,505,000. Doubtless a fair proportion of the money raised lately by British undertakings has been spent on developing interests overseas.