^ 



MILK DEALERS 



The following is a breakdown of the bond account by the different 



types of securities and compared with June 30, 1969. 



July 1, 1969 July 1, 1970 



Bonds 327,800 359,800 



Bank Books ■ 1^9,410 139,535 



Stock 44,900 44,900 



Miscellaneous 3,500 



Surety Bonds 510,456.83 498,483.01 



Real Estate Mortgages 36,300 30,300 



Life Insurance Policies 5.900 1,400 



$1,118,256.83 $1,074, 41'?. 01 



FORECLOSURES: 



During the fiscal year there were no foreclosures on milk 

 dealer surety bonds although several foreclosures were averted 

 by means other than the legal foreclosure process. 



GENERAL: 



Several of the large milk producer cooperative associations 

 have offered full supply contracts to the milk dealers and this 

 method of supplying the dealers with milk appears to becoming the 

 business of the future years. 



