KOKATAHI DAIRY FACTORY COY

Hokitika Guardian, 1 September 1928, Page 1

KOKATAHI DAIRY FACTORY COY

CHAIRMAN’S REPORT. It gives me tho greatest pleasure in presenting this, the Twenty-ninth Annual Report and Balance Sheet, and congratulating you on same. For the season just ended, the Company has received from its suppliers 236,2711b5. of butter fat, from which has been made 281,8991b5. commercial butter, being 125 tons 16 cwt. Q qrs. 171b5., which is an increase of 17 tons, 15 owt., 2 qrs, 11 lbs. over last season’s output.

The increase is no doubt due to the very excellent season, ulso cream received from new suppliers, which again speaks very well for the welfare of the Company. Your Directors have ljjucJi pleasure in reporting a most successful season just ended, and in spite of a low and erratic market, your Directors, with prudence, were able to dispose of your butter to the very best of advantage, . thus placing the Company in a position which enables them to recommend a very handsome final payment. The amount of export butter sold was 243,3lßlbs. the -balance Being sold on the local market, of which we have had a very largo increase. Your Directors have so far made an average payment to the suppliers of 14.46 d per lb. and recommend a further final payment of 3.54 d per lb. on all biitterfat supplied last season, making the average payment for the season Is 6d per lb. and also recommend a 5 per cent, dividend. We must again congratulate Jdie Manager and staff for t|ie very high quality butter made during the past season, all butter having been graded finest, the average grade being over 94 points. We must also congratulate him on winning the Dairy Control Board’s Glass “A” Silver Cup for the most improved grade for the season 19271928, which is most gratifying to tho Company as it places us amongst us the highest grading factories in New Zealand. Your Directors deemed it necessary to replace the old churn with a larger and more modern churn and have to report that the plant is now in first class order, and appeals to the suppliers to exsTcise the greatest of care with their cream so as to ensure that it will reach the Factory in finest condition, thereby assisting the staff in manufacturing a superfine quality of butter.

The retiring Directors, under the Articles of the- Association are Messrs J Fleming, S. Havill and T. O’Neil. The retiring auditor is Mr J. W. Morris. All these gentlemen are eligible for re-election.