KAUPOKONUI.

Dominion, Volume 4, Issue 1221, 1 September 1911, Page 8

KAUPOKONUI.

Tho fourteenth annual report of .the Kaupokonui Dairy Company states that the business showed a solid growth, notwithstanding tho disorganisation brought about, bv tlie fire, and-it was hoped this season to distribute goods several times weekly to the branches by the returning cheese wagons, and thus increase the trade considerably. Tho year had been further notable for the inception of cowtesting in the district by the Department, of Agriculture, and this was to be continued. Market prospects for tho ensuing season were very bright, and arrangements already'inade assured the company of good prices. Through tho loss of store profits by fire the directors regretted that they would be unable to recommend payment of a bonus oil store purchases. During the year 52,219,94!)1b. of milk were received, producing 1,917,9061b. of butterfat. Cheese made totalled 1,788,5911b. (2187.7 tons), and butter 119,7701b. (53.1 tons) pounds of cheese to fat, 2.598, and pounds of milk to cheese, 10.35. . Average test showed 3.73. The profit and loss account, after writing off ,£1022 !ls. for depreciation on properties and plant and a' charge of .£l5B Is. 4d., additions and alterations to stable to Tender it suitable for a cheese factory, showed a surplus of <£15,211 195., which Hie'directors proposed disposing of as follows:—lnterest on shares at G per cent., .£7Bl 17s. 2d.; a further payment for milk of ljd. per lb. on all butter-fat supplied from July 1 .to Stay .31, absorbing, i 11,045 7s. 9d., making the "total payment for the season 12.018 d., and leaving a balance of ,£417 lis. Id. to be carried forward. < The balance-sheet gives details of-the turnover. Tho paid-up ; .>rid;:diie capital iis about .£20,000; but the assets and liability account shows .that total >£57,885, being largely in excess of all liabilities,. shareholders, bank, creditors, mortgage, etc.