FINAL PAYMENTS

Te Awamutu Courier, Volume 65, Issue 5502, 24 July 1942, Page 2

FINAL PAYMENTS

NEW ZEALAND DAIRY TOTAL SURPLUSES £1,209,176 In a statement issued yesterday Mr C. J. Parlane, general manager of the New Zealand Co-operative Dairy Company, Limited, said that the total surpluses in his company’s profit and loss accounts for the 1941-42 season amount to £1,209,176, this including the amounts due to suppliers to the company’s butter, cheese, milkpowder and evaporated milk factories. The deferred payment to be made to shareholding suppliers to the butter department is 2.4301 d, which will make the total average payment to butter suppliers 16.2599 d per lb butterfat, or, including cartage, 16.6127 d per lb butterfat. Ttys payment does not include substantial trading rebates. The payments to be made to suppliers to the company’s permanent cheese factories vary according to local conditions, the average over all excluding town milk sales being 18.2631 d per lb. butterfat. TEMPORARY CHEESE FACTORIES The average payment to suppliers to the seven temporary cheese factories operated by the company is 17.7260 d per lb butterfat. However, several of these factories started very late in the season, and in view of present circumstances the payment to be made to suppliers'at several of these centres will be a matter for discussion with the Government. The average payment to be made to the company’s suppliers to the evaporated milk factory at Matangi will be 19.3140 d per lb. butterfat, excluding share credits. The suppliers to the three milkpowder factories will be advised within the next few days of the surpluses available in their respective groups. Every effort is being made to pay out all surpluses in full at the end of the present month, but owing to staffing difficulties through military service and prevailing sickness, there may be a slight delay. NEW CHEESE FACTORY A start was made on Wednesday with the erection of the new cheese factory at Hairini for the New Zealand Co-operative Dairy Company, Limited, to replace the factory that was burned down. The new building is expected to be ready for the machinery to be installed in eight weeks’ time.