Dairy Company's Year

Bay of Plenty Beacon, Volume 4, Issue 148, 29 August 1941, Page 5

Dairy Company's Year

"I think we can congratulate 'ourselves on the fact that this year we have had a record as far as butter output is concerned," said Mr W. A. McCracken, chairman of the Rangitaiki Plains Dairy Company, at the annual meeting of suppliers at Edgecumbe yesterday. "There were 5103 tons manufactured which constituted an increase of 496 tons on last year, or approximately 10 per cent. The increase was due -to favourable climatic conditions and' the Childness of lastt winter." The meeting, though the attendance was smaller than usual, was less contoversial and its general "tenor may be perhaps drawn from the remarks of Mr R. E. Blair, the manager, who stated that he had been impressed with the general goodwill which was voiced by 'the speakers, as existing between the suppliers, the directors and the -staff. Chairman's Report In his rex'ort Mr . McCracken -dealt with the items as under:— Quality: 23,879,747.51bs of cream were received and were graded as follows: Superfine 67.43 per cent. First Grade 32.15 per cent, and Second Grade .42 per cent. The butter • manufactured therefrom graded: Finest 73.15 per ccnt, First 'Grade 26.21 per cent, and Second Grade .64 per cent. Buildings and Plant: During th:* year additions" amounting to Os 5d Avere made to Edgecumh? buildings' and factory plant,. Dfi preciation on the Company's usual sound basis has been provided for. Pig Farm: The nett return foi the season is £2351 13s lid, equi valent to 9/2% per ton of butter. Factory Store: The year's turn 'over is £79.692 19s 2<l. This show? a decrease of £923 16s 8d on the re cord turnover of £80,616 15si lOd foi the 1939-40 season. The reduction of. £3,364 8s Id in realisations foi fertilisers more than accounts foi the decrease mentioned.

Payout Season 1939-40: The esti "mated average payment last season exclusive of cartage ahd interes l "was 16.177 d per lb butterfat. Thi* figure was sustained. Payout Current Season: The ratf •of advances to suppliers over the "whole of the 1940/41 season wa? 13.829 d per lb of butterfat over alj •grades. During the financial yeai the sum of £39,264 3s 3d was dis tributed fo suppliers representing a deferred payment of Id per lb. over all grades supplied during th( season. A final payment of £46,21.' 19s 3d will be ma le during Augus' und will be equivalent to 1.177 ci per lb of butterfat over all grades. "This will make a total cash payment of p er ]j 3 butterfat at farm £|ate over all grades. "Store Rebate. Dividend, Cost of Laboratory nml Veterinary Departments account for a further .181 d per lb, making the total effective return to suppliers 16.187 d per lb -over all grades. With the addition of cream cartage .260 d per lb of butterfat, the total return to suppliers is 16.447 d per lb of butterfat over all grades. Valuation of Butter Stocks: Export stocks have been valued at the Guaranteed Price according to grade, and patted butter for local sale at per lb. directorate: Under the provisions "of the Articles of Association, Messrs C. F. Eivers, lan B. Gow, W. A. McCracken and John Riini retired this year. Messrs C. F Eivers, lan B. Gow, W. A. McCracken and John Riini bein* «gain nominated and there being «o other nominations these Directors have been declared duly rejected for a further term of office. Dividend: Your directors mend that a dividend at the rate xiLl P ! r CGnt absor hing the sum o,< i-16l os od be paid on all capital P'Hd up to the 30th June, 1941. Change Over to Cheese: A good niany of tlie Company's supplier? have been asked to change over from cream supply and supply roilk to either the Opouriao ComSpany or to their, own Company's

RANGITAIKI PLAINS SUPPLIERS ANNUAL MEETING HELD RECORD OUTPUT FIGURES

new cheese factory. The director* arc most appreciative of the generous and loyal manner in which both cream and milk supplierShareholders have responded to the call for increased cheese production and intimated their willingness to work and share together on a truly co-operative basis. The dividend as recommended was endorsed by the meeting, while Mr Miles Hamill Avas re-appointed auditor for a further term at r« lee of a hundred guineas. The chairman's honorarium Avas fixed at £200 Avith an alloAvance of £60 for traA'elling expenses, and directors fees at £1 per meeting plus travelling expenses. Messrs E. J. Bell, McDonald and Mullins Avere re-appointed scrutineers. A 'hearty vote of thanks to the chairman, the directors and the staff was moved by Mr X. W.' Sumner and carried by acclamation. Mr McCracken responding said that the year had been a very strenuous one, intensified towards the latter end by the cheese change o\ r er. There Avere many problems' ahead but Avith the co-operation of shareholders, he Avas sure they would be overcome. He trusted that next annual meeting Avould find the Avorld at peace again and a more settled state of affairs prevailing. Mr R. E. Blair, for the staff, returned thanks, adding that Avar condltions had made it difficult to maintain the same employees for long. HowcA 7 er all Avere doing their best and he hoped for even better efficiency in the future. With the goodwill of the suppliers it Avas up to the staff to deliver the goods.