WAR AND BUTTER.

Pukekohe & Waiuku Times, Volume 3, Issue 224, 25 August 1914, Page 4

WAR AND BUTTER.

DAIHY ASSOCIATION'S CIRCUL.AU. Under date AtKUst sth Mr ti. b'. , I'i.cey. general nian.-ger of the New j , Zcaltnd Dairv Association, Ltd., , is:ued the following circular :- "On the 21st July we issued a ; circular setting forth the payments I for the pa t teason, and indicating | the rates t) Le advanced during ttej early months of the present season. | Since then tlmost the whole cf Europe, including Englar.d, has been ; plunged into a war of aucb magri-! tu.ie as to menace the political, Eccial, and industrial life of the '■ «?hols werld. Ihe present rosition j jj without prectdent, eith'r in I aicitnt or medern history, and it is impos.ible to forecast events. U is, however, certain that theie will be much suiferitg, anxie'y and loss We in New Zealand must necessaiily participate in these, ani help io bear the burdens of Empire. Mea while, the ui.foreseen developments a.e engsgiog the earnest j atte. tion of the Association's directors, and they dir.ct me to | announce t) shareholder ar,d sup- j pliers that every possible care is j Leing exercis.d, and will be exer- i cised, in conserving their interests. ; rortunately, tne Association occupi s an especially strong tinancial position, which will minimise its risks and dangers in lacing the unprecedented fcituation which confronts the world. Thus the outlook, though fraught with great fcazjrds, is hopeful, ar.d it faced calmly and unitedy will doubtless result satisfactorily. Owing to the strain upon the word's hnance, it is probable that the monthly advances for butter-fat will need to be adjusted, and therefore the rouiication on this point in our circular of the 21st July last are withdrawn, and instead I have to advise that the cirectors will fix the advance rate from month to month, and so that it may be as high ai possible the final decision will Da defttred until shortly before pajmerts are made. 1 would remind shareholders and suppliers that the lower adance, if it became necessa'y, will not ba a tinal oisadvantage, as everything earmd by our co-operative company willj be divided amongst the cc operators in ihe usual way, and there is reason to expect thai the fiml payment will be a sati<factory one. Suppliers to the As:ociati n a:e asked to have confidence in their directors during the present crisis. Our manure and casein business hai been done principally with Germany. Trade with that ctuntry is impossible at present, and other avenues are being investigated. Manure shipments due in August and September will probably be delivered in the ordinary way, but deliveries f r some months following are improbable. Ws will defhiiely advise those cor.cirnid at an early dat;. We will also notify early whether il will be possiile to carry on the casein department during the war."