DAIRY CHEQUE

New Zealand Herald, Volume LXXII, Issue 22166, 20 July 1935, Page 16

DAIRY CHEQUE

-PAYMENT IN PKOYINCE EXTRA £400,000 EXPECTED BETTER LONDON MARKET THE BONUS DISTRIBUTIONS It is estimated that the average payment to dairyfarrners in the Auckland province for the season now ending will be about 9Jd per lb. butterfat net. The net payment in the previoys season was probably p. shade under 9d per lb. -.Approximately, every Id per lb. 'butter-fat is worth £1,000,000 to the province. On this basis, the increased payment this season means the distribution of about £600,000 more. However, the production in the province is about 3 per cent lower for the season, and this probably reduces the extra distribution to from £350,000 to £ 100,000. Bonus payments for tho season are made generally in July and August. Most of the factories were conservative 'in their advance payments during tho ■'season and because of this, and the -fact that London spot prices are now ■about lis per cwt. above the level last iyear, tho average bonus payment ■should be somewhat higher than last o>ear, In the case of consignment factories, the butter now being sold in London was manufactured some months r ago, consequently it is difficult to arrive at an accurate estimate of the season's cheque. It is probable that the bourse of tho market during the year •lias favoured factories consistently consigning their produce rather than the forward selling factories. If anything, the reverse was the case in the previous two seasons. This result is natural in' any market showing steady improvement.

Cheese factories have ■ not fared as ■u ell during the season as the butter factories, judging by the trend of London prices. There has been some mention of certain cheese factories turning over to butter production, while the ■dual factories in the province have been considering their position.

TE AROHA-THAMES VALLEY * 10iD FOR JUNE SUPPLY [from our own correspondent] TE AROHA, Friday The monthly pay-out of the Te Aroha- ' Thames Valley Dairy Company for June supply will be at the rate of 10Jd per lb. butter-fat, plus §d per lb. by way of jbonus under the new scheme of distribution. THE KAIPARA COMPANY DISTRIBUTION OF 10iD PER LB. The Kaipara Co-operative Dairy Factory Company, Limited, is making an advance of IOJd per lb. for finest grade butter-fat supplied in June, compared •with 9d per lb. for May supply. Payment will be made to-day. There will also be a distribution.of £10,606 in further payments for the past season.

THE KAITJEKE COMPANY DECLINE IN PRODUCTION The output of /the Kaitieke Co-opera-tive Dairy Company, Limited, 30 miles from TaumaruT4ui, for the year ended Way 31, was 7SO tons, a decrease of 46 tons. There is £10,555 available, and this will enable a distribution of lfd iper lb. over the whole season's supply. Payment of £d per lb. was made on June 27, and the balance of lid will fee available' early in August. This will bring the average payment for butterfat for aVI grades to 9.03 d, or with cream cartage and railage added, to 9.585 d per lb. The quality of butter, both export and local, was well maintained, ythe directors state." / OPOTIKI ASSOCIATION , /THE PAY-OUT FOR JUNE ,/ fjlT TELEGRAPH —OWN CORRESPONDENT] OPOTIKI, Friday f The Opotiki Dairy Association will .pay out to-morrow lOd per lb. for the fiime supply of butter-fat and id per Ib>i. extra for the supply during Novemppr to February inclusive. The association paid 10(1 per lb and id extra for January and February, paid \>n July 20, 1934.