SHORTER PERIODS
FOR DAIRY COMPANY LOANS As a means of easing the demand from suppliers for financial accoirimodation, Mr E. H. Rhodes, chairman of directors, stated at the an-« nual meeting of the Te Awamutu Co-operative Dairy Co. Ltd., that it was proposed to shorten bjr one month the period of accommodation j terminating the advance on January 20th instead of February 20th. He gave the reasons that actuated the directors in that decision, which was principally due to the fact thati large quantities of buttep were in cool store before shipment. The Government assumed responsibility when the butter was placed aboard ship — and only then. But at one period of the season the company had £79,000 worth of butter in the cool stores —and it had to finance to make the customary advances to its supplier*.
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https://paperspast.natlib.govt.nz/newspapers/BPB19390901.2.3.2
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Bay of Plenty Beacon, Volume 1, Issue 57, 1 September 1939, Page 2
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137SHORTER PERIODS Bay of Plenty Beacon, Volume 1, Issue 57, 1 September 1939, Page 2
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