MONEY FOR BUTTER-FAT

New Zealand Herald, Volume LXX, Issue 21493, 17 May 1933, Page 7

MONEY FOR BUTTER-FAT

PAY-OUTS IN WAIKATO THE NEV ZEALAND COMPANY [l'EOil OUR OWN COKRKSPONDKNT] HAMILTON, Tuesday The directors of tho New Zealand Co-operativo Dairy Company, Limited, have decided to advance the company's shareholders 6Jd per lb. butter-fat for cream and milk supplied for butter and cheese-making during April. For the corresponding month last year the payment was lOd for butter and lid for cheese. The Hinuera Co-operative Dairy Company, Limited, will make an advance payment at the rate of 6d per lb. butter-fat compared with 9£d per lb. butter-fat for the previous April. Suppliers of the Norfolk Co-operative Dairy Company 1 , Limited, will receive a pay-out for butter-fat for the manufacture of cheese of 6d por lb., compared with lOd per. lb. in the corresponding month last year. An advance at the rate of 6d per lb. butter-fat will be made by tho Sunny Park Co-operativo Dairy Company, Limited. The advance last year was at the rate of lOd per lb. butter-fat. CAMBRIDGE AND BRTJNTWOOD • INCREASE IN PRODUCTION [by telegraph OWN correspondent] CAMBRIDGE. Tuesday J The Cambridge Co-operative Dairy Company, Limited, will make an advance payment for the April supply, at tho rate of 6d per lb. butter-fat supplied for butter-making and 7d per lb. butter-fat supplied for the manufacture of cheese. The aggregate will bo £10,774, compared with £10,056 paid out in the corresponding month last year, when the rate of payment was 9d and lid respectively. The pay-out for the season to date is £153,027, compared with £164,612 for tho same period in tho previous season. The higher total paid out for the April supply this year, although prices for butter-fat have considerably decreased, is due to a large increase in tho supply. The Bruntwood Dairy Company, Limited, will pay out at the rate of 7id per lb. butter-fat supplied for the month of April, the total cheque being £l6Ol 5s 8d for 51,2111b. of butter-fat. For the same month last year thp pay-out was at the rate of lid per lb., but with a produtcion of 28,2891b. The total cheque for April, 1932, was £1296.

TE AROHA-THAMES VALLEY

RATE OF 6}D A POUND

[from our own correspondent]

TE AROHA. Tuesda'y

The To Aroha-Thames Valley Cooperative Dairy Company, Limited, made an advance payment this week to shareholders at the rate of 6Jd per lb. butter-fat at the farm gate, in respect of April supply. The pay-out for the April supply last year was at the rate of 10Jd.