PIG MARKETING

Wairarapa Times-Age, 10 July 1939, Page 3

PIG MARKETING

CO-OPERATIVE ASSOCIATION

ACTIVITIES.

FURTHER PROGRESS MADE.

Although the total Dominion export killings of pigs for the season have shown a drop of approximattely 105,000 pigs compared with last year, the firtal figures of the New Zealand Co-op Pig Marketing Association show a reduction of only 24,000 pigs, indicating that the association has more than maintained its position during the year. Altogether the association has marketed 127,875 pigs and 239,000 bobby calves on behalf of producer members. The association’s turnover for the year stands at the figure of £475,173. this substantial figure indicating the rapidly increasing value of pigs and bobby calves to the dairy-farmer. Despite the general increase in costs, the association’s administration ox-' penses were only 2.19 per cent of its turnover. A total of £344,095 has already been distributed during the season to suppliers of calves and pigs, and there is a net surplus available for distribution among pig suppliers of £1(5.935, this being exclusive of share credits.

This surplus, which it is intended to distribute to suppliers late this month or early in August, shows producers the highly satisfactory total realisations on their pigs, since the association's advance payments this year have been maintained at in excess of 90 per cent of the total net value of the pigs supplied on consignment. Only by the increasing strength of its financial position and the very liquid nature of its assets has the association been in a position to follow this policy. A complete schedule of final payment rates will be shown in the annual report to be circulated to the association’s 8,000 suppliers and members at the end of this month.

The association’s subscribed capital now stands in excess of £31,435. some 4.000 additional shares being applied for and allotted during the season.