DAIRY FACTORY PAY-OUTS
S )r i —lll your issue of Monday there appears a very interesting comparison of dairy company's pay-outs. To a certain extent these pay-outs are slightly misleading, because, where dairy companies pay interest 011 share capital their pav-out would appear to be slightly lower than those companies which do not pay interest on share capital. To illustrate this 1 would make" a comparison between the pay-outs of the Cambridge and Bay of Plenty dairy companies. The Cambridge Dairy Company paid no interest 011 share capital their total pay-out being 13.833 d' per lb. butter-fat over all grades. The Bay of Plenty Dairy Company paid 5 per cent interest 011 share capital equal to .041 d per lb. butter-fat so that their total pay-out was 13.846 d per lb. butterfat over all grades or slight!v higher than the Cambridge Dairy Company pay-out. Costs to f.o.b. per lb. butterfat for the respective companies are Cambridge, 1.716 d; Bay of Plenty, 1.693 d. W. E. Singleton.
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New Zealand Herald, Volume LXXIV, Issue 22805, 12 August 1937, Page 15
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166DAIRY FACTORY PAY-OUTS New Zealand Herald, Volume LXXIV, Issue 22805, 12 August 1937, Page 15
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