BUTTER-FAT PAYMENTS.

New Zealand Herald, Volume LXVI, Issue 20257, 17 May 1929, Page 15

BUTTER-FAT PAYMENTS.

THE TE AWAMUTU COMPANY.

GREAT INCREASE IN OUTPUT. The To Awamutu Co-operative Dairy Co., Ltd., made 53 tons of butter in April, compared with 38 tons for the same month last year. The output for the 11 months to date is 743 tons, compared with 471 tons last year. The average butler grade for the month was 92.07.

The company is making a cash advance payment of Is 4|d per lb. butter-fat for finest quality cream supplied in April, and shareholders will be credited with an additional per lb. The amount of the cash payment is £6657, compared with £4599 for April, 1928, when the rate of advance was Is 4d. The total amount paid for the season to date is £97,124, compared with £57,586 last year. Messrs. G. Spinley and G. E. Churches retire from the board of directors, but are eligible for re-election. OUTPUT AT HIXURANGI. INCREASE IN ADVANCES. [by telegraph.—own cob respondent. ] WHANGAREI, Thursday. The output of tho Hikurangi factory last month was 83 tons sc\vt. 2qrs. 22)1)., against 81 tons, llcwt. 2qrs. 251b. for April last year. For the. present season to date, the output amounts to 1257 tons scwt. Oqrs. 41b., an increase of 190 tons 9c wt. Paying Is for finest, the company distributed £10.709 14s 8d for last month's butter, against £9638 7s 9d for the previous April, when the price was Is 3id. So far this season the advances total £160,004 12s 6d, compared with £124,954 3s.