RECLAMATIONS?
.WILL THESE BE v\ ANTED? The turn of the butter market has given dairy farmers cause for anxiety. Too Te Puke correspondent of the Auckland Star says:— Many of the dairy comp.'.nicy; operating through the Bay of -plenty, who have yet to dispose of large quantities of hist season’s butter, have announced and distributed among suppliers' their bonus payment. In mat. ing up their balance-sheets many companies took their unsold sticks in + n account at approximately laSs per c-u t. The market i,s now much lower than that figure, which, however, appeared to-lie quite a /reason'lli>!io assessment, several weeks ago. If the market fails tc recover, or if it falls still lower, some of the companies might find themselves in the unenviable position of having to make reclamations from their suppliers. The fear of this, however, is n. t great, for there appears to lie plenty of confidence that the market will.soon turn for the better. Reports state that factories operating in Poverty Bay district are likewise in the same predicament.
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Hokitika Guardian, 11 October 1930, Page 7
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172RECLAMATIONS? Hokitika Guardian, 11 October 1930, Page 7
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