CHELTENHAM DAIRY CO.

Dominion, Volume 4, Issue 1206, 15 August 1911, Page 8

CHELTENHAM DAIRY CO.

TWELVE MONTHS' WORK. f f;; vin ?, i ' t ; i th f w 'Khteenth annual report of .tho Cheltenham Dairying Company, which is to bo presented at the shareholders meeting on August 23: Tho directors regret that, owing to a "ring the latter part of the milk supph. the profit and loss account shows a credit balance of only ,£2Bl os. !ld„ and this amount has been written off for depreciation. During tho past year a record price has been paituJo suppliers, and, as will be seen by the balance-sheet, tno business has been run 011 an economical _ basis. The price paid to suppliers during the season was lid. for July and August, and lffld. for the remaining ten months. The directors have the property formerly mvnert 1 ii ? - " owi }, Dairy Company at I'ewa, and this partly accounts for the increase 111 the overdraft. Out of twelve entries in the winter shows, thj butter gained five nrst prizes, four seconds, two thirds, and one fourth. Daring the-year 7,386,0871b. of milk were received, and 118,7821b. of cream, these yielding 319,433.151b. of but-ter-fat. The average, monthly test was and tho average cream test was 35.720. The total butter manufactured was 379,4141b.