NOTES AND COMMENTS

Te Aroha News, Volume XXVII, Issue 4431, 3 July 1909, Page 2

NOTES AND COMMENTS

It is ft sign of progress when the various Butter Companies throughout the Thames Valley, report an increase in business. Of late years dairying has progressed by leaps and bounds. At the meeting: of the directors

Our Dairying Industry,

of the New Zealand Dairy Association, held at the company’s office on Thursday afternoon, it was

announced that the payments shortly to he made on acoount of “ quantity bonus ” for the season will amount to £9043. This is an advance of £2493, or 3GAJper cent, over last season’s similar payment, which indicates the satisfactory growth of the company’s business. This “ quantity bonus,” which for the largest creamery will amount to per lb. on all tho butter-fat supplied, is one of a number of clearing-up payments for the season. It is an adjustment between large supplies and smaller ones, which are proportionately more costly to handle, and is part of the schedule payments which, added to the advances made, already aggregate for the season £153,593. The further final payment for the season, in addition to interest on the share capital, will bo the division of “ profits,” which m a co-operative company is the whole of the difference between the several amounts previously advanced and the net sum which is realised for the company’s, output, distributed qigong the milk-.supplying shareholders only, on a bulter-fat basis. The actual amount cannot be ascertained until after the annual balance, now pending. It is, however, understood that it will be of a very substantial character. The total disbursements of tho company, including •* profits ” yet to be divided, wages expenses, cartage, contract payinpnt§, pailages, and all Outgoings + are estimated at about £225,000 for the year. " * * * ♦

AlfoNCf the objects for which the Premier proncces to raise a loan is the purchase qf native lands, fqr which £IOO,OOO is allocated. There is no doubt that tho Government should move more rapidly ;n this direction, but it seems to us that the object could be attained

Native JjANPS.

without having recourse to the market, We have often

suggested that a system of myrqpqfc hy debentures would have many advantages. Everyone knows that handing ovpr large sums of moqey to the native has a demoralising tendency. TbP mpney is qqickly wasted m very questionable ways, and the natives get little permanent good from it. If they were paid in debentures they could only handle the annual interest, and arrangements could be made for paying the principal over whatever the natives satisfy tbe authorities that the money will be spent in developing their jand qy in sqme rpmuqeyative object. The native land que tiou is one of the most important that still faces the Government and we regret that it will hardly receive proper consideration this year. That is to be regretted, because \ye believe that the reports of the reppnt Dative land commission have bred fiopgs and suggested fqlqe ideals to the native. Sqonpror jatpr, Parliament will have to consider these reports and determine on a policy. At the present their hesitations on the subject is the ipain stumbling' block to the develop inpnt of country.