The Wanganui Chronicle AND PATEA-RANGITIKEI ADVERTISER. "NULLA DIWES SINE LINEA." WEDNESDAY, DECEMBER 14, 1892.

Wanganui Chronicle, Volume XXXVI, Issue 11704, 14 December 1892, Page 2

The Wanganui Chronicle AND PATEA-RANGITIKEI ADVERTISER. "NULLA DIWES SINE LINEA." WEDNESDAY, DECEMBER 14, 1892.

A large attendance of farmers is looked for at the Dairy .Factory meeting this afternoon. The more the prespects of the proposed co-operative butter enterprise is looked into the more do they give assurance of success. . If butter factories can be made to pay handsomely in Victoria, how much greater is the prospect of their doing so in a district like this. What has been accomplished on "the other side" is shown by the following report on the Warrnamhool factories which we take from the Melbourne Argus of November 22 :— " The butter factories in this district continue to flourish apace, and it has been clearly demonstrated that the establishment of these co-operative institutions has proved the salvation of many hundreds of struggling farmers. Present indications tend to show that this season's butter will realise highly satisfactory prices in the Home markets, and, consequently, dairymen and farmeis are jubilant over the prospects. On Saturday Measrs M'Meekin Brew , St. Quintin, and Co , _ the agents of numerous factories, received a cable message from London advising that a large proportion of their butter realised 126s per cwt.- This referred to the first consignment, which was forwarded by the s.b. Austral. The Value of the large quantity of butter exported by district factories to date is about £25,000. The splendid profit of £4718 3s 3d has been made by the Grasmere Cheese aud Butter Factory Company during the past 12 months. The paid-up capital of the company amounts to £3000 only, so that the proitt is equal to about 150 ppr cent, on the amount invested in the concern. At a genoral meeting of shareholders held in Warrnaiubool on Saturday last, the "half-yearly statement of accounts was presented. This showed that a profit of £2GOB 11s Gd wag made during the six months ending 80th .September, and it wasdecided to dispose of this by paying a dividend of 7 per cent, on the capital, and also a bonus of ljd a gallon on nil milk supplied during the half-year. This will absorb £1800, and the balance is to be carried forward to the next jear. Inclusive of dividends, the suppliers of milk to the factory have received nearly 5d agallon througloutthe 13 months. To give an idea of the extent of tlm company's operations, it may te mentioned that the sale of butter for a period of six months realised £G935 14s 3d. Cheese (mfuio by the Canadian system) brought in a return of £127 18s, the price obtained being from 6.]d to 7d a pound j £140 3s 7d was received ' for skim milk, and the amount of the Government bonus on butter exported was £1903 10a 7d. The receipts from all sources amounted to £0177 4s 3d. The chief item of expenditure was in the purchase of milk.amounting to £5807 11s 6d."

Mr George Signal, of Porewa, Marton, lias just returned from the 'i'aupo country with a largo mob of cattlo. He is about to proceed again on another trip, and is already inundated with commissions to act for a large number of farmers, and it is computed that Mr Signal will bring down abcut a thousand head of cattle with him on his return. Mr W. B. Abbott, who is on a flying visit from the 014 Country, contemplates accompanying Mr Signal .on hisjojirney. Should he do so, a eplomjid opportunity will be open to him for seeing much, more of the North Island interior than would otherwise be the case. Although Mr Abbcti is here for a visit only, his presence is the stepping stone fo a commercial enterprise of Khich wo shall hear moro latter on. This Kentle«ian jn p.p present the guest of Mr Signal^ '"