LOW DAIRY PAY-OUT

Hokitika Guardian, 16 December 1932, Page 8

LOW DAIRY PAY-OUT

7d A POUND AT CAMBRIDGE. COMPANY CHAIRMAN'S COMMENT. CAMBRIDGE, December 13. The Cambridge Da.ry Company has decided t 0 advance only Yd par lb. for butter-fat supplied in 'November for butter making. This in the lowest advance for butter for over 25 years. The pay-out for butter-fat for ebee c making will be lOd per lb. About tweth’rds of the company's supply is tor cheese.

Commenting on the low advance this morning the chairman reviewed the circumstances leading up to the present situation. He said the larger monthly pay-outs in the early months of the season had been based on the butter market stabilising in the region of 100 s per cwt, and no one in the trade couF then have forecast a slide in the market down the present quotation of 82s.

After referring to the general reflection of the present rates generally, Mr Anderson said it would be impossible to face a continuance of the position and drastic remedies would hav© to be taken to meet it. It wa, s to be regretted that the remedies so far roiggested had met with that sectional Opposition which, for some years, had put self-interests before the welfare of the country. The hopes of thoiran.d'--of dairy farmers that the Government would take some measures to meet the position h‘’d been dispelled by Parliament adjonrning until January 26 and for the next few months the butter producers must carry on or be carried on nnt'l some relief is forthcoming. Th* situation had not, even the compensation of a favourable productive sea-on, continued Mr Anderson, nrd it would take the willing co.operat'on of all romect'-r] directly 0.. indirect-’ with the dairying industry to help the producers alone Imivl their inconm improved. Jt could not be without ■some sacrifice in every direction.