BONUS FOR BUTTER FAT

Waipa Post, Volume 43, Issue 3328, 28 July 1931, Page 8

BONUS FOR BUTTER FAT

WINDFALL FOR FARMERS. Because of a favourable exchange reaction, farmers will find their an)nual August bonus unexpectedly increased, according to the New Zealand Exporter, which states: Contrary to the expectations of all excepting those in the know, the month of August will prove one of particular affluence to the dairy farmers of New Zealand. It is the practice of dairy companies to pay what is generally termed a bonus to their suppliers during this month. The name fo realty a mjisnomer, m that the ‘bonus’ is really a deferred payment due to their farmer suppliers for produce bf the previous season supplied an “ln°the season just ended advances have been most conservative; in addition, the exchange has Ne ™ a |f a “ strongly in favour of the New land farmer, since his . * ° and paid been sold for English money and pam for in New Zealand currency, this exchange provides a totally unexpected 12s a cwt for produce already sold. Authoritative figures have been secured which disclose the amount ot the bonus to be declared m Augu £2,000,000 for butter suppliers ana £500,000 for cheese suppliers, tms amount will be paid over m cash to dairy farmers, and will be additional or supplementary to the usual monthly advance for supply sent to the factory in the ordinary way. Coupled together, the amount of money which will be paid out to farmers m August will amount to the enormous figure ot £3,250,000.”