Resources this article, and with better means of manufacture, packing, and transportation, there is no reason why Prince Edward Island should not compete successfully in the British market with the commodity from other countries. In the summer of 1896 and the winter of 1897 the output of the butter factories amounted to 225,802 lbs., the value of which was $41,706.37. In 1899 the quantity of butter made in 30 creameries was 722,614 lbs., valued at $139,057. In 1901 the value of butter made was $132,792, in 1902 $152,889, and in 1903 $1 13,977,25. Many factories are now making butter during the winter season, and cheese during the summer, and the number of creameries is steadily increasing. The average yield of butter from milk passed through the separator is about 4 lbs. for every 10 gallons of milk of 10 lbs. each, so that the average cow produces annually from 150 to 200 lbs. of butter or 400 to 450 lbs. of cheese. The yield of milk from fairly good milking cattle is approxi- mately 400 to 500 gallons per annum, although from 600 to 800 gallons per head are frequently obtained from selected herds. The rate paid for milk at the factories at present prices of cheese should average between 75 and 80 cts. per 100 lbs. There were in operation in the Island during the census year 47 factories, of which 27 made cheese and butter; 15 made cheese only; and 5 made butter only. The total value of the product was $566,824. In 1891 there were 4 cheese factories in the Island, and the total value of the product was $8,448. The Island is exceedingly well adapted for the Dairying industry, and when the supply of milk becomes greater, it will fulfil its destiny as the Denmark of America. Exhibitions of live stock, farm, garden and dairy produce and manufactures, have, for a number of years, been held at Charlottetown, Summerside Georgetown and other places. The provincial fair at Charlottetown in connection with horse races under the [79] Exhibitions