MONEY FOR BUTTER FAT

Waipa Post, Volume 37, Issue 2217, 2 October 1928, Page 5

MONEY FOR BUTTER FAT

THIS SEASON’S INCREASE IN WAIKATO. The aggregate pay - outs advanced to the suppliers, of 12 co-operative dairy companies operating in tne Waikato for butter-fat supplied" during August totalled £290,853 compared with £257,904 for the corresponding month last year. The aggregate amount advanced for the first three months of the new season has totalled £500,850, .against £414,771 for the coi’responding period last year. ■ The pay-out for August was on the basis of from Is 5d to Is 6d for butter and from Is. 6d to Is 9d for cheese. The companies mentioned are the New Zealand Co-operative, Cambridge, Morrinsville, Te Aroha, Te, Awamutu Hinuera, Tatua, Norfolk Downs, Bruntiwood, Sunny Park, Kakepuku and Raglan. Of the foregoing companies, Te Aroha is the only one which is run on a proprietary basisi The Kakepuku factory, which was closed during July, opened again for August and showed a substantial increase in pay-out over the corresponding month of last season. The total pay-outs of two ‘ proprietary companies—Taupiri and the Waikato Valley—are not available. Their rates of pay-out are Is 51d and Is respectively (for butter making), compared with Is s!d in each case for the same month last year, , Commenting on t'he detailed figures, our Hamilton contemporary (the compiler of the list) points out that the rates of pay-out cannot be taken as a fair basisrof comparison as between companies, in that some of the companies are paying out on a superfine basis, and those which are co-operative do not make final payments. for each mon|th but issue advance payments pending the sale of their produce on the London market. Trie New Zealand Co-operative Dairy Company advanced during August £237,477, an increase of the sum of £18,302 over the payment - for August last year, and the correspond'ng payments for the Three months of each season are £415,544 and £352,850. These payments, of course, represent a great proportion of the whole Waikato pay-out. Te Awamutu Dairy Company advanced £5,245 for August, an increase of £2,459 as compared with August, 1927, and for the quarterly period the figures were £7,725 and* £4.209. Kakepuku Dairy Company’s payment for August was £605 —an increase of £ll9. For the three-monthly period The figures were £785 and £562 respectively. The increase for all the companies is over 20 per c^nt. — a very good indication of the “progress of dairying in these districts, combined with somewhat better prices on the Home market and the mild spring weather this year. For thq quarterly period the Newi Zealand Dairy Company’s payment, shows an increase of 17.74 per cent over the whole of its extensive territory. Te Awamutu Dairy Company’s increase is 83.67 per cent, iand that of thd Kakepuku Dairy Company 39.67 per cent. The others are: Cambridge 18.98 oar cent, Morrinsville 34.09 per cent, T(j Aroha 56.206 per cent, Hinuera 70.29 per cent, Tatua 21.07 per cjnt, Norfolk Downs 43.39 per cent, Bruntwood 8.09 per cent, Sunny Park 30.18 per cent, and Raglan 52.205 per cent. It is interesting to note that Bruntw/ood shows the smallest increase and Te Awamutu the greatest.