DAIRY PRODUCE SALES.

Dominion, Volume 3, Issue 771, 21 March 1910, Page 10

DAIRY PRODUCE SALES.

: ' "THE SOUTHERN SCHEME. . ..'■The f itU - -- details ■' of tho South Island «cheine for the holding of monthly sales '•of-dairy produce are set forth' in a circular'drawn iip'by Mr. .J. R'. Scott, secre;*ary of L Island ;Dairy ,'Associar tio'n.:.'; :This has been ' dispatched, to all /members','of the , association, with a re--quest that they mil give it their consideration before' the annual meeting on June •1:- '-.■ ■..■.■?.■'' ' -'

"1. Your committee, after duo consideration of this matter,: resolved upon a scheme as under, and if sufficient signatures it will-be put into ■operation on. our about October 20 of this year:—'.: ,-"2. . Each factory signing to advise ..the secretary approximately (says, within, 10 per. cent, more or less) the quantity of cheese or butter- available; for 'two fortnightly. shipments, commencing in November.

"3. Each factory so doing to (undertake'to: pay (for the first season anyway) 'the sum of 2s. 6d. per ton'.to -the :■ 'jciation: on each-ton of cheese offered for / St,', whether sold or not. (See clause 17.). ■ "4. Each factory :to . have the right of ■fixing its Reserve .price at any. time up to one hour before advertised time of ■ auction sale. '."5.. All sales will' be made on Govern-' I' .ment grade,, f.0.b., Bluff, Durfedin,. or ' Lyttelton—Butter, if second grade, Id. per' lb.-less; cheese,-Jd. per lb. less; 4 :; "6. Weight to. be correct. as certified by. Government .'-'/ •- ' '■ /■■/ ' But ter—-Half-pound per 561b. box to - le allowed'taTe. V '''8; Cheesie—Shrinkage allowance to- be El.per.cent., thisibeing,the London Pro-' duce Exchange rule.. "9. Insurance to be provided by buyer from .factory .-door. to -London, • thoughBale is f.o.b. - -, t "10. All.'.cheese whi(di, may be , unsold - to be consigned by the association to two,firms in London to be selected by. the, association as; its selling agents.- * , "11.: Commission • not :to exceed 2 per cent. These firms to provide bank credits and insurance, available" in . every, town: at Bank of New Zealand, iNational Bank of New Zealand, and-Bank of New South Wales. The association to draw on these -firms, for the advances made to' factories . .. -on • ■■ - • "12. Terms of all sales are cash against . . b.l.,_at bank, in- any . town: where bank' 4 account is. kept. ' .- ,' '"13: Auctioneer for the association, to '. bo-'appointed'-by. : the 4 directors. . "14. The '. secretary will make . out all . b.l. -if requested to do so,'" and-deposit, them' at sellers" bankers' in any town within ■ four days of: each'shipment.' - "15. The sales at first to take place .. monthly in' Dunedin, as . most central, end duly 'advertised and buyers notified by circular. "16. The . expenses of . carrying -out this 4 scheme, are 4 estimated approximately at— : .Auctioneer's license or salary, ,£SO; extra. clerical- labour and-'other expenses, J5200; ,' contingencies, say, ,£'so; total, JC3OO. .. "17.1f the 25., .Gd.. .per ton paid by factories- as. above proves over the ex-, penses,' any . balance ■to be returned pro ■ ratai to the factories, on the amounts they' have\SO paid. ' /'■ i ' ■ "18. From the foregoing it will be apparent that the! association Tecommends : ■•. a .trial of: this .system: for;.the ..whole.of : next season's - export, - beginning. about October 20 next. ~ 4 .v'l9; It 4 lies with the factories them#gjeS. as.-.t° the r j,SUccess of', this, -: indi pWvided'Mvfirst a,reasonable limit ■is upon offerings, ...the. undertaking '. .Is likely to be* most successful. '" ' - ■ . '20. The • committee .and secretary should be ablej.toiadvise-factories as: to; ft reasonable limit. .: ' ."21. Factories should let it be clearly" understood that they, will sell- or consign only through the: association, and that : consignments .will only, go to the finns 'r apppinted^^-by .the-association; - . '■■ ■ 22. - The 'success , of/the, /whole- scheme depends upoE' th 6 uiiiiy of -'th© factories using, this association as,--the machinery ■ to, this: end'and supporting the scheme .loyally.

v.-'f23. The agents appointed in london Till send; cables from time to time to the association as 'to the price? and prospects, and these Tvill be repeated'as con;fiden(ial. telegrams to the factories' subscribing to this scheme only."

NEWS AND NOTES.