MARTON DAIRY FACTORY.

Dominion, Volume 6, Issue 1601, 19 November 1912, Page 10

MARTON DAIRY FACTORY.

SECOND ANNUAL REPORT. The second annual report of the Marton. Dairy Factory Company, Ltd., coloring the period to September 30 last, slates:— v "Unfortunately, during tho year the factory .and contents were totally destroyed by lire, involving a, very heavy lo.'is lo the company.. However, the insurance helped your directors to place matters on a sound footing, and arraugcmeuts were promptly made to send the supply to the Rata factory till the premises could be reerected. This was started at once, with the satisfactory result that in just over a month ; cheese was being made in tho new building. The land, piaiit, and buildings, now show as separate items in the assets of the company, and arc placed at a low valuation, so it is not thought necessary to make any depreciation this year. Your directors decided this season to consign the output through Messrs. Weddcl and Co., Ltd., with very satisfactory re : suits, "Marton" cheese topping tho market on two occasions. • "The result for the year's working shows, a profit of £69 4,5. 6d., which with the balance carried forward from last year, .£69 13s. Gd., makes a total of .£l3B 18s. Prom this it was decided:-1 o write off the balance of preliminary oxpeises; ,£BO, and your directors recommend that j.the balance be disposed of in the following manner:—That the manager and secretary receive bonuses of .£7 and M respectively, and the balance be paid to tho shareholders, as a bonus, in proportion to the butter-fat supplied by them. "The following table shows tho working of the company:—No. of suppliers, 1G; milk received, 906,2241b.; average test, '4.0-1; lbs. butter-fat, 36,696.178; cheese; made, 97,0801b.; cheese exported, 31 tons 12 cwt. 1 qr. 3 lb.; cheese destroyed in fire, about 90001b.; quantity of milk to make lib. cheese, 9.29; lbs. of butter-fat to one of cheese, 2.10. There was paid for milk .£2095 12s. lOd.; wages totalled .£203 7s. 6d.; interest accounted for .£6l Ids., and iusuranco for ,£2O 19s. 9d. The mortgage account was reduced from .£750 to w£6oo.