14 February 1997

Lord Rayleigh cash

FARMER creditors of Lord Rayleighs Dairies, which went into liquidation last November and was subsequently sold to MD Foods, this week received a first dividend worth 5.53p in the £.

Further payments up to an estimated total of 15p in the £ are anticipated in the summer, once the liquidators have settled a number of disputed claims.

"We hope to resolve these as soon as we can, without recourse to the courts," said Chris Barlow of Coopers & Lybrand.

In total, £11.4m is owed to unsecured creditors. &#42