BIG DAIRY CHEQUE

New Zealand Herald, Volume LXXII, Issue 22194, 22 August 1935, Page 10

BIG DAIRY CHEQUE

DEFERRED PAYMENTS DISTRIBUTION OF £629,391 NEW ZEALAND COMPANY PAST SEASON'S SETTLEMENT [from our own correspondent] HAMILTON. Wednesday Deferred payments aggregating £629,391 will be paid to suppliers of the New Zealand Co-operative Dairy Company, Limited, on August 31. In making the announcement at the annual meeting of the company to-dav the general-manager, .Mr. C. J. p ar ' j lane, said including the cost of cart, age, the payment to suppliers for finest quality butter-fat would be 10.1675J per lb., while the average payment over all butter-fat received for buttermaking would be 10.0644 d, the par. ment to direct delivery suppliers being 10.2812 d per lb. butter-fat. The aver, age deferred payment*to be made to supplierr would he 1.8078 d per lb. Continuing, Mr. Parlane said the par. ment to the company's cheese groupi varied according to circumstances and conditions, the average over all f ac . Tories, excluding East Tamaki, being 10.346 - The payment to East Tamaki suppliers, including town milk sales, was 13.414 d. In addition to butter prices, casein suppliers had feteived an advance pay. ment of l.oOd, and there was a further payment to be made of 1.0588 d per lb butter-fat on August 31. Deferred payments totalling £413,?17 were paid to suppliers for the 1933-34 season. The payment for finest quality butter-fat delivered direct to factories was 9.50 d per lb., and.for finest quality butter-fat delivered through the com. pany's cartage services, 9.38 d per lb. The payment to cheese suppliers ranged from 9.67 d age over the company's 18 cheese fao. Tories being 10.41 d per lb. The bonus payments made to sup. pliers on Auguist 3], 1934, averaged l.Old per lb. butter-fat, which, to- i gether with the amount previously paid on June and July supply, brought the average honus payment to l.Ood per lb., or a total of £351,755. This sum, including the bonus paid to cheese and casein suppliers, made the total pay. ment £413,717. Bonus payments made by the company at the end of August, 1933, totalled £381,101, the increase for th» 1934 season being £32,616. £200,000 IN THE MANAWATZT DISBURSEMENT THIS WEEK ' [BY TELEGRAPH—PRESS ASSOCIATION] PALMEBSTON NORTH. Wednesday Bonuses allocated by the majority of dairy companies in the Manawatu district on last season's supplies are being paid this week. The aggregate exceedi £200,000. For five companies alons the aggregate iis £135,600, including Levin, £30,307; Shannon, £21,000; Awahuri, £22,000; Cheltenham,. £43,500; New, Zealand Farmers' Dairy, Union, £IB,BOO. m