THE BUTTER FUND

Dominion, Volume 12, Issue 179, 24 April 1919, Page 8

THE BUTTER FUND

DISTRIBUTION OP PBOFITS. ''The Rod. W. D. S. Mac Donald, with the Board of Trade, is dealing now with the payment* to be made to producers of butter , under the equalisation scheme asreed upon- Inst year in respect of the output for the season -1917-18. The Government has received from the Imperial authorities the' sum of ,£307,000. this beinjf 50 per xent. of the- profit on the sale of the butter in England. By agreement with the factories this sum , has been credited to an equalisation fund, and it is being applied to pay an interim distribution of one penny and one-eighth 'on butter exported, and one halfpenny on butter sold locally. Up till the -present .£215,000 of this money Las been distributed, .representing 90 per ■cent, of the amount to Ire paid: in this dividend: .. There will be a balance remaining, and some more adjustment will have to bo done to give tho whole ■amount to the persons entitled to receiveif.'.- : ''"■■ ""' '■■ ... ' , . '. .Last.year .three factories stood out ot the- equalisation, scheme, but it is hoped that this yeai 'airof them will come in. Tae''bu'tter producers have been fortun"afe'tLis year in that practically all the •exportable surplus has been, got. out of the country. "Since the necessity for military supplies hae diminished, there ia not such a demand for cheese, and a large quantity has been left in store here. At 'present there are between '400.000 and 500,000 crates of cheese iu