THE FARM INDUSTRY.

Dominion, Volume 2, Issue 603, 3 September 1909, Page 8

THE FARM INDUSTRY.

dairy. factory reports.; ;' some .".marketing' troubles. : ('■•': .''- ; mere:'Mere;c6mpany; v/ fourteenth annual report of tho Merc Mere. Dairy; Company, to be .proscnted'.. to shareholders to-morrow, states' that, but for. tho kss.made by;tho default ;by- Messrs.. Bovins and Baker, this'would have'been the most satisfactory, season- ever experienced ■ by tho company. ; . At.tho commencement-of < last season the- directors sold-the season's butter to.Messrs. Bovins; and .Baker.'at lUd.'" ; pcr lb., less J-per cent., but owing, to tliisfirm' 'going into liquidation in January the balance bad \to ■be :'consignod !at current rates. ; ( ¥ h the. profit, ami'loss, account '.this item appears :■/Bovins.'and .Baker, bad debt, £2297 .10s'.-od.)- The.quantitv of milk received was 8,010,6141b., being'an. increaso of 798,0301b., which produced.29B,oo9lb,' of butter-fat. Tho amount, of commercial., butter .mado was 331,2961b:' .Tho over-run was 11.16-per cent.-, and. it took 24.171b.: of'-milk to make one pound of butter.' The average .test was 3.71. 'Owing to the-heavy expenditure incurred in: altering" the Ohangi: creamery into the main factory.' ;tho ; directors', could -riot' recommend a 'dividend; '■; The average pay-out. for'last season, with tho 'exception of Decern, ber, was 9.91 d;, and if olio add to this the 'amount of new work, charged to'the season's :working expenses, it would have brought 'tho"pay-out. up'.t0,10.74d. . , ' , ) The .late .'secretary-, Mr. ,D!. J. 'Williams,, had-resigned,' and Mr. W.' A.Quiri had been fill .the - vacancy.' : Mr! - .J. Hamblyn had been.; retained as. manager.' The'retiring directors are Messrs. A. Bissett,' J. Lander.jjirid .F.'Howaixl. . Tho. last-named two offer ■ wemselves ■ for 're-election; ... .',