Calculating Dividends. 



the patrons according to the amounts of butter fat fur- 

 nished by each, in the same manner as in the above case, 

 after the price of a pound of fat has been obtained. 



The price per 100 Ibs. of milk can be calculated in the 

 same way as at creameries, by multiplying the test of 

 each lot by the price per pound of fat. * 



i Suggestions regarding the organization of co-operative creameries 

 and cheese factories will be found in the Appendix, following Table XV. 

 Draft of constitution and by-laws for co-operative factory associations are 

 also given in the Appendix. It is hoped that these will prove helpful to 

 farmers who are about to form such associations. 



