AID FOR DAIRYING

New Zealand Herald, Volume LXXII, Issue 22194, 22 August 1935, Page 7

AID FOR DAIRYING

WIDER SUBSIDY SCHEME SMALL AMOUNTS INCLUDED PAYMENT THROUGH FACTORIES The scheme now in operation whereby financial assistance is available to the dairy industry for the modernising of equipment has been slightly amplified and provision lias been made for the payment of subsidies on sums of less than £lO. Details of the adjustment are set out in a circular sent to dairy companies by tho Executive Commission of Agriculture. The circular points out that inquiries have been received from a number of dairy factory companies as to the possibility of aggregating, through the medium of the dairy factory companies, small items of expenditure by individual suppliers, in order tha.t the Unemployment Board's subsidy may be made available in cases in which the individual amounts are less than £lO. The board's subsidies under the scheme now in operation are not payable in cases iij which the amount expended is less than £lO. The commission approached the Unemployment Board, and pointed out that only in exceptional cases would a dairy farmer expend more than £lO in one season on such items as new cans, retinning cans, and the purchase of a cooler. It was suggested that small expenditures on these and similar items might be aggregated by the dairy factory company concerned, and an inclusive subsidy paid to the company for division pro rata among the suppliers affected. The Unemployment Board has agreed to the request of the commission. "The board," states the circular, "requires an individual application to be made by each supplier, covering the work to be done and the purchases to bo made, tho application to be recommended by tho Dairy Division officer for tho district. Tho company will then prepare an application in its own name, summarising the items covered by the individual applications, and forward it, with the individual applications, through the usual channel. W hen the work is completed, tho usual certificate will be required. Tho company's application should embody or be accompanied by a declaration to the effect that the subsidy will be distributed pro rata among the suppliers concerned. The amount of the aggrogate subsidy will then be paid to the company.

"The same procedure will apply, and subsidies will be payable, in cases in which a dairy factory company itself sells to suppliers milk and cream cans, coolers, and other equipment, and contracts with suppliers for the retinninc of their cans."

GOLD LOWER AGAIN BIG LONDON TURNOVER QUOTATIONS FOR SILVER (Received August 21. 7.35 p.m.) LONDON. Aug. CO Fine gold is quoted to-day at £7 0s Id an oz., compared with £7 Os 2Jd yesterday. To-day's price is equal to tho lowest this year. About 400 bars of the approximate value of £1,15/ ,000 were disposed of at the figure named. Silver is quoted at 29d an oz. spot and 28 9-lGd forward, compared with 29d and 28 15-16 d yesterday. The quotation for silver at per fine oz. is 31 5-10 d., same as yesterday.

BRITISH EXCHEQUER EXPANDING REVENUE COMPARATIVE RETURNS (Received August 21, 6.5 p.m.) British Wireless ItUGBY, Aug. 20 The latest weekly Exchequer returns show that ordinary re\enue, excluding self-balancing items, amounts to £221,432,126, compared with £218,005,371 at the corresponding date last year. Receipts under this head for the week were £20,453,772, against £13,006,885 in tho corresponding week of 19:54. . . . . The revenue is £6,426, higher than at the corresponding date last year. Revenue from customs and excise is £2,652,000 greater. Receipts from estato duties and stamps also are higher, and the yield from income tax. in I "suite of the concessions under the Finance Act. are only £230,000 less. The total ordinary expenditure, excluding self-balancing items is £276,530,582. against £264,tm,«5<i4 at the corresponding date in 1934.

LARGE CHEMIST FIRM i INTEREST IN NEW ZEALAND Representatives of Boots The Chemists, England, have been on a visit to New Zealand to investigate the trade conditions here. The legal adviser and secretary of the company, ,Mi. A. Stigden, who is at present in Auckland, stated yesterday that under favourable conditions it might well bo expected that the company's activities mi Hit be extended to New Zealand as a result of this visit. A very careful survey of business conditions in both islands had been made, he said. The company is one of tho largest firms of chemists in the world, having an immense manufacturing plant comprising the most modern pharmaceutical laboratories, in which are engaged a large number of research and analytical chemists. The company also has over 1100 shops in the British Isles. Mr. Stigden will return to hug and via Canada and will leave Auckland by the Mariposa- on Saturday. BUTTER IN LONDON PRICES REMAIN STEADY The London butter market is steady, with the pi ice of choicest waited New Zealand unchanged at 94s per cwt. Clieeso «i Iso is stendv, white Ikmiiji quoted at 4Ss 6d to 495, and coloured at 47s 6d to 48s. , Merchants have received the following cablegrams, dated August -0, fiom their London principals:— New Zealand Producers' Co-operative Marketing Association, Limited.—Butter: New Zealand, finest, 945; first, 935; Danish, 108s. Cheese: White, 48s 6d to 495; coloured, 47s 6d. Both markets are steady. , . A. H. Turn bill I and Company, Limited, from W. Weddel and Company, Limited—Butter: Danish, 108s; New Zealand, salted, 945; Australian, 935. The market is quiet. New Zealand cheese: White, 495; coloured, 48s. The market is steady.