LOCAL DAIRY FACTORY

Marlborough Express, Volume LXXVI, Issue 240, 12 October 1942, Page 3

LOCAL DAIRY FACTORY

THE ANNUAL REPORT. BRIGHTER SEASON ANTICIPATED. The twenty- eighth annual report of the Blenheim Co-operative Dairy Factory Company, to be presented at the general meeting on Tuesday, states that the output for the season was 293 tons, a decrease of 43 tons compared with that in the previous year. This decrease was partly due to further suppliers being changed to cheese and also to the demand for milk for Army supply, which was drawn from cream suppliers to this factory. This decrease has resulted in an increase in costs to f.o.b., being .161d more than last season. In respect of the previous year, 1940-41, the estimated season's average payout for butterfat (all grades), quoted in last year's report, was 14.72d, which was the amount aetually paid out. In respect of the current year the unsold patted butter at the factory has been valued at ls 3!d pdr lb, no bulk butter for export being on hand or held in store. Ad'vances to suppliers for the season were on the basis of ls ld for finest grade. The average advance for all grades being 12.70d. The balance in the appropriation account for the year is £5673. Of this amount it is proposed to pay on August 20 ld per lb butterfat over the season, and ld on September 20. This will leave a balance which will make a final payment available later in the season. "The forthcoming season looks brighter with the change back to butter," states the report, and your directors look forward to an output of approximately 500 tons, with considerably reduced costs to f.o.b." The directors recommend that a dividend of 21 per cent. be paid to shareholders on pald-up capital, involving an amount of £86 16s. The advances to suppliers last season amounted to £28,776. The export saies of butter amounted to £16,372 and the local saies to £25,427. V-