DAIRY COMPANY REPORT.

Dominion, Volume 7, Issue 2232, 19 August 1914, Page 8

DAIRY COMPANY REPORT.

; f REXDALE ■■>■. ;-The 'fifth annual report of-,tho J ...Eex-.. '. - dale Co-operative Dairy Compatiy^states, that the milk delivered: at; the .factory.: was 6,922,0221b., it contained 259,138.74 i'lb. of butter-fat, and produced'6B2:42B lb. (301 tons 13 cwt.):..of ; cheeseY.-.Thp^ average test was 3:743. ' of cheese;manufactured the: , previous season was 204£ons],6.cw,t;'; TThe quan- •■ titl of milk iequircd per-lb'l , '- bfchee.se ■ was 10.141b.,. one pound' of butter-fat ■"■:"produced'2.63lb''. , of'".cheese? and the cost : '. of manufactiire.iivas .41cl.:;pn : :truck:■;•'•■ ■ '•.>■■: The sum or £361 l'6s.'9d..was>eceived ■'•' from the-sale-of--.butter-fat- separated- ■■■ from whey, this:being,,sold at IOJd. per lb. on' trucks ' 'The -cbstToT separation; ,is included in'the. average cost of nianu- '■-. facturing I.,••;,•?. ■. . .-. : ■'' During' •tlie'.-.year.i-tlio,-building \and Quipping :of. : a..rbpm;for';;the)scparating ■'fore Decombei'ji.aiid .ihe'.cgmpahy;theTp ;, "■.. fore lost a Rood-deal^bf..'b'utter'-f.at;'.; : THc , '■cost iof'.tho building,,(whicbXisCaufficient; , ly large .and ■rcoiiycnieiitr for-'^';butt<}r.i ;■■ making plaiit ; i¥b-'b(i'-installed ; if;«ece3--sary) was ■£ls3'los.,'aii'd''of- , the' : iplan,f;'' £311 Bs. 6ji '■ : Aft§r.''paying .aUVadvaiice.' - to' suppliorsv'bfl'£i2i9u6';.l.os; :ld., them remains a crcditMo: profit'land Joss ■ of •■■■' £2479 3s. -9J;i ; ;w|i]ohWtli6vJ[Urecibrß''- , • Rest slimild'-bq''apprbpnated by'the, , payment to suppliers of ab'omw.of 2jd. per. lb. ! on butter-fat supplied, and the pay-/ niont of 6; per cent, on capital paid up," the balance to be written off the plants The average payment for butter-fat for • the season will thus bo'.l4}d. per lb. The company increased its nominal capital from £1500 to £3000. Of this sum.£lß22 is " The retiring directo'fs"sire .Jlgjsrs.'G'; R. Benninson and F. Peters, who offer themselves for-'-ie-elcption'.f , '*.**.■*%-. '-. ;.: THE BALLANGE COMPA'M I 'V f Tho r,cpp.rt ; qf; thh "~ Ballance Co-operative t-ißairy l Gquipaiiy states that, tho output,has. beeii.iare- . coi'd one,; surpassing ."t'ha'ii'of'lhst year' ' by over 50 tons_,.or ije.ar.ly ten,p_er,cent..';! the prices realised, ,1 although- , not'-quite . U|> to those of tliq previous season, must ! bo dcenied, : iiiithe pro-' vious.season, the .directors pursued .a policy of Vlividing.i.i'hc d.utpsitjia'cqnaidrerable quantity was ; sokl for American , account, within the. pbnTfnioii',- and a smaH'quantity was shipped Home on consignment; events proved the wisdom of. this policy, , and but for the unfortunate- ..strike which occurre7l~'Ta*sPyear,>V;thq «fesulfs ■-.'■ would have coilw'gnment shipjiieiits'arrive'd ■/jjdmojori : a •' demoralised il)arket;'.arid :the;prices real- . : isod were very corned. Advaiices to sharehblclers-sup- ■'. plying throughsut the season have been made at. Is. per .for. butter-fat, with an additqinaild.'iivJul.vV'and there' remains a surplus,of £1836.135...7 d. available, which the directors propose to allocate as |"follqws:—A fiirthor payment to shareliplders-of'-jd.''pcr\l6:-on but- ■ tcr-fat supplied throughout- the season ; Oi per ctint.''dividend oii'paid-up capital, and to write the balance off for depreciation, v; .•"™" l^ , ";!•■•■ . . .In conjunction' with' a number of Won'lvilhrdairymen a'.Cnw-testing Asso'rintiqn inaugurated laat spring, under the ; auspicfs oF this company,-and n. considerable number of our settlers have derived benefits from its opera-, tions.. w;:;:rr;;^~I'.: . . , For the ensuing eeason K is afpre-^

Bent , quite- impossible to givo any forecast, the great -nat which lias unfortunately broken out having temporarily cut off all overseas inquiries, save those for American and Canadian account, biit doubtless within a short time the position will- be more elcsu'ly defined, and we can only look forward with confi-.deiico-to a speedy and successful issue. The' directors letiriug this year are Messrs. H. Croad and J. Mathew6, who offer themselves for re-election.