BONUS FOR FARMERS
N.Z. DAIRY CO. SUPPLIERS. £381,101 DISTRIBUTED. Bonus payments totalling over £381,000 were posted to shareholders of the New Zealand Co-operative Dairy Company, Ltd., yesterday. The distribution to butter suppliers will be £319,673, representing an average of 1.0699 d per lb butterfat, and, with the bonus to be paid to cheese suppliers, the total will be £381,101. At the end of August last year £303,255 was paid to butter -suppliers, so this year’s distribution represents an increase of £16,418. The bonus rates for this year are as follows: June to May, §d (shareholders’ bonus); November, .785(1; December, .785(1; January, .285(1; February, 1.285 d; March, 1.755 d; April, 1.785 d; May, .290 d. The bonus should be in the hands of suppliers to-day. About 9000 suppliers will share in the distribution.
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Bibliographic details
Waikato Independent, Volume XXXIII, Issue 3046, 31 August 1933, Page 5
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132BONUS FOR FARMERS Waikato Independent, Volume XXXIII, Issue 3046, 31 August 1933, Page 5
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