PRODUCTION UP AT RANGITAIKI DAIRY FACTORY

Bay of Plenty Beacon, Volume 15, Issue 88, 28 August 1950, Page 6

PRODUCTION UP AT RANGITAIKI DAIRY FACTORY

Increased production during the past season, compared with the previous one, was recorded by the chairman, Mr S. C. Spence, in his annual report to the annual meeting of shareholders of the Rangitaiki Co-operative Dairy Company Ltd. at Edgecumbe on Thursday. The report read: —

Output: 5721 tons loewt Iqr 4ibs of creamery butter were manufactured during the past season compared with 5413 tons Bcwt 3qrs 24 lbs for the previons year, an increase of 308 tons 7cwt. Iqr clbs.

Quality of Cream: 26,669,299.51bs of cream were received and were graded as follows: Superfine 83.15 per cent, first grade 16.79 per cent, and second grade .06 per. cent. New Factory

Buildings and Plant: The sums spent on additions to buildings and plant are set out in the schedule of properties and plant under the heading of additions. A new factory for the purpose of manufacturing dried buttermilk powder was built at a cost of £9,940 9s Id and plant for the factory represented an expenditure of £23,825 15s sd. Proper allowances have been made for depreciation and all buildings, machinery and equipment have been maintained in first class order. Pig Farm: The past season must be looked upon as one of the most successful on record. With a reduced supply of buttermilk the farm has shown a profit of £3,067 18s Id and the amounts in the books, appearing under the headings of

development account and new farrowing houses, have been substantially reduced. During the coming j-ear the buttermilk will be used solely for the purpose of making dried buttermilk powder. The drying of the buttermilk is a most satisfactory method of disposing of this by-product and your directors express the hope that this branch of the company’s manufacturing operations will always be a more remunerative proposition than pig farming.

Factory Store: The turnover for the year was £172,576 16s Id, an increase of £17,425 17s 4d on the previous year. Rebates at a rate of 6 per cent on all purchases from the trading store were paid to suppliers and amounted to £B,OOB 3s. Other departments contributed £Bl9 10s 7d by way of a 6 per cent allowances. The grand total for rebates amounted to £8,827 13s 7d. representing ,202 d per lb butterfat. Payout Season 1948/49: The estimated payout was 27.131 d per lb of butterfat, and the actual payout was 27.13 Id per lb of butterfat. Season’s Payout

Payout Current Season: During this season an average advance of 25.41 Od was paid over all grades. A further Id per lb butterfat over all grades was paid for the twelve months ended June 30, 1950. The amount standing to the credit of the appropriation account will allow a further payment of 2.440 d per lb butterfat. The total payments for the season will therefore be as follows: — Butterfat Advance (Average) 25.410 d. Deferred Payment (1/7/49 to 30/6/50) I.OOOd. Deferred Payment (to be made 20/8/50) 2.440 d. Dried Buttermilk Factory: This has been operating since the end of December last and during approximately six months 150 tons 4cwt 1 qr 41bs of dried buttermilk powder was manufactured. Practically all of this powder was of export quality and favourable prices were realised. Retiring Directors

Directorate: The directors retiring by rotation are Messrs C. F. Eivers, lan B. Gow, C. R. Wilson and H. B. White. An additional vacancy has been brought about by the death of Mr James Jamieson. For many years Mr Jamieson took an exceptionally keen interest in the affairs of your company and devoted much time and thought towards its activities. He did not know the meaning of the word complaint so far as his own serious illness was concerned. We miss his counsel and his friendship.

Laboratory Department: Shortly after the directors’ decision to close this department Mr F. S. Hodson, our former bacteriologist, met his death under tragic circumstances.

Veterinary Service: Mr L. F. Rees, our senior veterinary surgeon, is now well known to our suppliers and enjoys their confidence. We extend to Mr Rees our thanks for a job well done under difficult conditions. Mr J. Moxham, after qualifying in Australia at the end of last year, agreed to join up with us again and is now our assistant veterinary surgeon. The directors feel that these officers are giving good service and that they are co-operat-ing with the' Board, departments, and the suppliers.