DAIRY FACTORY BUSINESS.

Dominion, Volume 3, Issue 911, 2 September 1910, Page 8

DAIRY FACTORY BUSINESS.

.;.;;. MEEEMEEE .COMPANY. .■ . The. directors of',-the .Meremere (South' iTaranaki) Dairy; Company have.reported to , "the shareholders/that tho company'had /a very ■favourablo ■season, anda'.highly satislactorj" return through consigning. The quantity oi inilk received/was 6,G51i,2411b., and owing to : the: secession of a number of pur, former suppliers . this amount /wasV. somewJiat less ithan that of the preceding year. The butter-fat totalled 249,1801b;., and the amount of commercial butter-' manufactured Was 281,1251b., giving an over-run of 12.82 per cent. =" It -required 23.671b. 'milk to produce ,11b;., of.' butter:--.. Tho. average , test.was 3.95. The directors havo now,,decided to■ instil. .-a pasteurisinK plant. . The profit and 1 loss account shows, a -credit balance o£ «E97G 2s". 9d./ ... . ;..'The .balance-sheet; .showed" £13,545 re-, ceiyed for butter, 'and with .sundry - receipts from other sources" ii. total income of --,£13,631 '7s. iOn'.the oxpenditure-side. w^i;e:—Paid to suppliers, it; 10,321 11s.-M.; ocean' freight, :J&QI, ss. carting, and freezing, £252.165. Id; \ salaries, £199 18s.; repairs: and renewals,- £118 Bs.-Bd.; : goods,.£sol os. 3dii general.charges,/£37J, :lls.,Sd. / y; '--:\ir- ...V //',/;.. ;... ■ ■■ri--,;•:;.] ' ■■\ : , The' annual meeting- 1 of., the v Kaupokonui ■.(Taranaki) ' Co-6p'erativ'e.Dairy Company,./.vrill :v..bo'..' 1 .-]ield.-'-,'oii ...Sep;teniber.;.'s.':' The- , ' annual'/ report -,an--nounces -an increase of 11-"-per;,cent, on, 'the'm'ilk' receiTedi, It-is proposed ,to. pay- , ■a-dividend of 6 per cent. on v fully paid-up shares,.absorbing the sum of £712.25..1 d.; a r further''payniDnt of ljd. per:lb. .on.all buttor.-fat/supplied ;during .the r-year, .•wliich.OTll'ab'sprb'asum/of £12,200:145. '9d.,. making: the: total" payment .for tho; I'season" 11.55 d. per : lb. of.. fat exclusive of .the: rebate to ! shareholdersj,pi',s per. cent. 1 , oh; their: store: purchasps;; following.. are the statistics;for .the year's mahufacT •tures'-r-Milk,. 52 j 317,4701b.;/iticrease 11 per: cent.;Vfat," 1,952,1181b.;. cheese;-2198, tons,; ;butter,M2£ ■ tons;-.milk to lb. : of oheesiv ;10.51; -eWrago'tcst;' 3.73;.-'.Somo of the'disbursements, during..-;'the ...-year•■-.■ we're':—■ Ocearif freights,-' .£lo,«ff :Bs. M. i • f oiv milk,' • £83l541".lGs:;-8d.;,salaries", , -£5289 15s.'; 9d.; cheese'sold-during ...tho: year, represented :'£119,635-12s: l , i io4.;vbutterj £97 14s. sd. The.Xstore account-ogives, the profit for tho yearDaSjilOliK.l'Js. ,9d.;- in addition there, are accumulated ,profits frbmUast 'year of :£2279 3s, J Sdjj.the^shareh'olders', debate': amounts "to / £750.; ' stores' ..sold-; during', the./yearV' £19,477M55..:0d:!',;'i.;hb ! profit and loss account, shows : a balance . of ! £8282 18s. Wd. pn June 30 ;of; last-year,, from 1 which : -further' payment's'; .amounting, to''£737o 10s.fid.;were;pajdVto suppliers; 9s'j-;pd.;-'directors' fees, -')£79 -16s. ;,. ; llonie ; consignments, £315 ,14s';/MiV"'leflvi,ng,^'jfsmaJl^pa : Jan'co.-;to'./ i lie: 'brought'for.ffard;;/;-; , '■ ~ i]v.;;'j i 'l'--'»--;'.'■'. V■-'/ '-:''&■■',?■':'''■'-.} *" '.%':''"•"'■■'.'■■'.,}.':.-'.ft;-:.:)v~;'': j , -, ■}■-• ;. ; ;'■;'<The^/annual■ .-report of othe/; Kiverdald' ' (Tarrinaki); Co-operative'. Diiry ;Company,'s : directors: states: that..after/writing'/'bit" 10.per:.cent; -all!-.-round' for-;-'- depreciation,/ . : £32l'7s;.'-5d.,'' .-''therq -refhains a ;credit. ; balance: of 'vFronV 'this ..your ■director^:.propose to make : ; a. further' paymentof one; penny, and one--eighth""(lid.-);--for the; butter-fat : supplied within \the .period : August};l, , ; ; ':l9o9;Wto :April 30,"'1910,: absorbing :4s; .lOdt, ialso.■tho/'payment '..the:'rate' of 6 per. cent./per:.anrium: : on'-- ; all :/fully-.-.paid-up shares,' absorbing ;£24-t'.S2s.:-' 3d.,-, and it ,is proposed' to carry ■'■•'forward:;.the/ ■'balance'^of^<7.; ; ls.v7d;I of ntatiyear's. account.',' .The,'general store lias ■ again : had' a : successful,year. . Suppliers and-their.'share-milkers: have; been "allowed a. :rcbato of 10 pcr ; cent, on" their. ;'p'ufchases, and': credit'balahc'e.'of .'£51.155. J.(1. ; .has -been' .placed/.to ; the,;credit■'of >the !geifiral ■ stemg. Wrtlaingii ..a&aunt., ;: ; ;Tho; statistics :for the ..'season': were : shown '.tts\ under;-.the figures-for/the;.previous : year:-:bniiig':.in : ; Jiare : ntlieses':-r-lil)s. milk, 16,831,881 (16,253,525);,t0tal lbs..-'■■'butter. •fat.;'--640;016 ; '-(631,41'4):;.."lbs/ , cheese , made,. j>414.400 (1,443,227);,butter:'made,; ; .119,124 !(64,'456);/;.average;-.tost 'during 'cheese--Shaking,.3.722 (3.844); average test during biitter-makiiig, 4.289;' (4.348); -lbs. cheese per lb. butter-fat, -2.G32 :(2.513) • lbs. milk : ;por lb. , ' cheese,.: 10.20 : .'(10:35); lbs.: milk 'pe'r.lb.: butter, .20.09 '(20.38);;;. over-run, ;16 ? .;(12.8). rPaymente;; for ;the'-stasohi.in-' finding, .farther • :, .Vpayment^-August' ( .- to' 'April. inclusive,'/.i2fd;;:- May; June,/.and .diily,V;;lld.; -(ivera'ge, payment .ifor .-whole i se'asori,:i:'l2iossdi ;, : .--The ,-,. balance-sheet; ■showed cheese- sales 1 to ' -hate' ' realised ;',£31,607.';155.,' and. butter/..£5455.-.The •'general: store account sales') totalled '£5510, ;-nnd rebates to •' siippliers ,yrero 6hown -at '£366. ; Chief item's of .expenditure, in .the. ■iactory;: business-;. , ! were: /.and .^ages,;l£l2Bs; r requisites/',£1324.v!165.; icaitage;' railage, arid shipping, '£807 16si; •fuel, £327;,.' electric power, £171; 16s;; te--pairs and renewals; , '£l9o '175,; .depre.cia-;.tipn;-£32l;;milk;:account,;£29,333M2s. /...

■::; •;•';.. .;;.:/.■■■.. ■ .■ ■;■, !>v ■ - 'ij.There-'was. a': large attendance at .the meeting" of 'the. Nireaha'-.'i'.cheese :factory. '-At.i this ..close , , of;; ...th'o. : . meeting: "(states, ail exchange); a' payment of. ljd. ■ vras .' made;-to •.'.siippliera, making. a total Ujif;. iljd;- for the season,; also.' a dividenci- ■• of : . six per cent; on , ; paid-up, capital. ■', The outgoing directors, ; Messrs. Alberthseh and Hardyment, :whq retired by rotation.Vwere ■re-elected: ;■;, The .'chairtnah, 'Mv: .-AlbertliJ . was!'tToted.'a ; :b6nus'.'of ;ten'"guineas.,