WATAROA DAIRY FACTORY COY. LTD

Hokitika Guardian, 20 September 1930, Page 3

WATAROA DAIRY FACTORY COY. LTD

The 18th annual report of the above company to be laid before the general meeting of .shareholders at Matainui, on Sat(frcl;iy, 27th September, is aafol-’lmys:—fN-Nv 7. ' Yourlfpilrectofs ’have {iuurlie pleasure iri suhrfiitting herewith the 18th ansheet for the year ended dlst July. - - puringt the season under review a serious decline in ,he price ol Futeer was experienced, and the present outlook does not offer any. promise of more than a slight improvement. Ritv farmers', generally, are faced vri-.ii the prospect'of ccmimenciug-another seas n with prices established on the new low level. Some consolation .can perhaps be obtained .from the: fact that the phase of declining prices is not confined to the ibiivy industry. By this it is not suggested that the misfortunes of others should give any satisfaction, but rather that decreased prices must apply to many of the farmers’ purchases. There was ah increase of approximately 4 tons in the season’s output. The Company for the first time undertook the cartage of the cream to the factory, a move which has apparently given general satisfaction and although the cost or this lias been taken; into consideration in recording the cost of manufacture, the latter does not' show any increase. !

Local sales show a.;, considerable increase, due largely to*the untiring energy of vour Manager... Of the butter made for export, that part of the output to the end of December was sold to Messrs Dalgety and Co. Ltd. at a satisfactory price, while the remainder was shipped on consignment. A portion of the latter is still unsold. Your suppliers have been paid 12jd for. all butter-fat from . finest grade cream supplied, and it is expected that a further payment of l|d per lb. will yet he made, bringing the total pay-, ment to Is ltd per lb. The retiring Director is Mr G. Nisson. The retiring auditor is.Mr M. H. Houston. These gentlemen are again eligible for election. Particulars of manufacture:—Cream received 159,6081b5. Butterfat 63,001,77lhs. Butter manufactured 75,8141bs or 33 tons 16cwt 1021bs. Average test 39.47. Over-run 20.34 per cent.. Total cost per lb. butter-fat —To factory door 3.11 pence. To f.o.b. 3.89 pence.