DAIRY UNION.

Gisborne Times, Volume XXIII, Issue 1816, 24 July 1906, Page 2

DAIRY UNION.

I'IUiSS ASSOCIATION ' Wellington, last night. The annual .epoit of the N Z Firmer*,’ .Uiuy Union shows new shares taken up since the beginning of the year were no lias a numfcor than 480, the shares representing £I2OO of new c,p:tal being subscribed. The result of the year’s waking is that a larger amount is available for distribution than in any previous year cf tho ojmpany’s existence, ani this not. withstanding that la-ger advances were paid cut each month than lait yoar. This has beon brought about obi,fly by the I bettor prices prevailing both at Homo and locally, but also very largely by considerab e reductions in the working expenses Ibe directors leccmmend that the surplus be divided among those suppliers who ! . 0 “ right propottion of shares, sooord ; ing to the quantity of butter fat supplied a, the r-ito of { 1 per lb cn the total for the year. The directors, eoeing that the high prices ruling in London wero inducino mo;t other companies to oontinue ehipPing much later in tho year, wisely re framed from f. l owing the same policy and stored a much larg-r quantity of butter in New Z.alard than is their usual pract cj. Tho result is that, owing to very few companies holding stocks, the Union row has tho satisfaction of selling nearly JOO tons at a price equal to 123 s in I L mdom Suppliers to ihs Dairy Union will thus reap oansidera 1 la bene6t by this foitunate circumstance. Thequantity of butter manufactured during the year was 851 tons. The balance-sheet shows a surplus of £4616. Advances to suppliors for the year have been—August September, October, May and June 9J, ana lor the intervening months Bid. It S o "A“gu,r 1V ' a '*» “HI-July