NEW ZEALAND DAIRY ASSOCIATION.

Wairarapa Age, Volume XXX, Issue 8510, 14 August 1907, Page 5

NEW ZEALAND DAIRY ASSOCIATION.

SPECULATORS TOO SANGUINE. By Telegraph—Press Association. AUCKLAND, August 13. The Directors of the New Zealand Dairy Association, in their annual report, congratulated the shareholders on the completion of another successful season. The striking feature of the season, the report states, has been the large prices paid for butter at the beginning of the season by sanguine speculators in the colony, and the comparatively poor sale results of the same butter in England, and the heavy losses made by these speculators. The quantity of milk received during the season has been 96,448,159 lbs, and the total butter made has been 4,029,139 lbs. This latter amount is an increase of 835,0811bs over the preceding season. Payments to milk-supplying shareholders, including interest and profit bonus calculated on a butter fat basis, are for winter butter fat, including profits —uniform price at all creameries—almost exactly lOfd per lb; for spring, summer and autumn, on quantity supplied to the smaller creameries, 9Jd per lb; for spring, summer and autumn, on quantity supplied to the larger creameries, IOJd per lb; average for season over all creameries 9.9-10 d per pound. The butter fat quality of milk received —average of all the creameries —has been 3.724 per cent. The overrun has been 11.41 per cent. It has taken 23.937 lbs of rnilK to each lib of butter. The skim milk test — average over all creameries—has been 0.064 per cent.

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United Press Association— By Llectiic Telegraph Copyright.