MONEY FOR BUTTER-FAT

New Zealand Herald, Volume LXIX, Issue 21344, 19 November 1932, Page 7

MONEY FOR BUTTER-FAT

OCTOBER ADVANCES COMPANIES IN WAIKATO [FROM OCR OWN correspondent] HAMILTON,- Friday An advance payment at the rate of lid per lb. on the 80,9251b. of butterfat received for cheese-making during October will be made by the Bruntwood Co-operative Dairy Company, Limited, to its suppliers. The total distributed will bo £3709, as compared with £3654 for October of last season, wheri an advance on the basis of Is per lb. was made on the 73,0381b. of butter-fat supplied: The supply of butter-fat handled by the company to date is about 10 per cent greater than that for the corresponding period of last season.

Suppliers of the Sunny Park Co-opera-tive Dairy Company, Limited, will receive a total advance of £3968 at the rate of per lb. butter-fat, as against £4275 for October of last year, when the rate was lid per lb. The Norfolk Co-operative Dairy Company, Limited, lias decided to make an advance payment of lOd per lb. butterfat, the total distribution amounting to £2495. A bonus on last season's supply will bring the total pay-out up to 12Jd per lb. For October, 1931, when £2813 was paid to suppliers, the company's advance payment was computed ab Is per ib. ' The To Awamutu Co-operative Dairy Company, Limited, will pay out 9id per lb. butter-fat on the supply for October. Shareholders will be credited with an additional per lb. The Hinuera Co-operative Dairy Company, Limited, has fixed its advance r;>.*c at 9Ad per lb. butter-fat. The disbursement will total £9461, compared with £9024 for the previous October, when the rate was lid per lb. An advance at the rate of lOd per lb. on the 24,0001b. of butter-fat supplied, a total distribution of £IOOO, will be made by the Kakepuku Co-operative Dairy Company, Limited, which manufactures cheese. For October of last year, when the disbursement totalled £948, the rate of advance on the 20,6821b. of butter-fat handled was lid per lb.