THE DAIRY INDUSTRY.

Taranaki Daily News, 4 June 1918, Page 5

THE DAIRY INDUSTRY.

MEXT SEASON'S BUTTER. In a communication to shareholders in the New Zealand Dairy Association, Mr. 11. E. Paeey (managing director) says: "It is yet too soon to attempt a forecast of the payments upon this season's butter-fat. The deal which followed the Wellington meeting and which covers the sea-son's exportable butter, provides for a payment of 17&s per ewt, plus 50 per cent, of the profit realised by the sale of the butter. There is a difference. of opinion as to the point where the division of profits should be made and the amount to be paid to dairy companies will, to a considerable extent, be determined by the decision on this point. Personally, I believe the payment beyond 175s should bo substantial, and with others, have done the best' possible to secure recognition of the point involved. The decision will materially influence abutter companies' payments for butterfat this season. (Because of the uncertainty herein, a final forecast is at present impossible. I can, however, say that even though an adverse decision is given on the poiint referred to, our suppliers are assured of a substantial 'bonus' payment, but such tonus' will ,be considerably larger if the decision is favorable. r-ho large stock of butter which we had on hand at the beginning of the present season has been very successfully marketed, while this season's prospects are further improved by the fact that in our last annual accounts provision was made for all charges whidh had accrued in respect of interest, storage, etc.

"The question of the disposal cf next season's butter has engaged attention for some time past. A Dominion committee of dive ha 3 been set up to carry on the negotiations, Mr. Goodfellow and 11 being the Auckland members of such committee. Mr. Ellison, tie London representative ol the National Dairy TssOr 'ciation, will be associated with the comggitte* jvitU n^gotifcUosi,^