DAIRY INDUSTRY

Manawatu Standard, Volume LVII, Issue 214, 10 August 1937, Page 2

DAIRY INDUSTRY

AWAHURI COMPANY. INCREASED PAYOUT. The report to be presented at the 40th annual .meeting of the Awahuri Dairy Factory Company. Ltd., states: “The directors have much pleasure in congratulating the suppliers on the increased payout for the year, the increase being 1.1990 d. per lb. The amount of butter made was 17 tons less than the make for the previous year, being some 1310 tons as compared with 1327 tons for the previous year, The fall in make was caused by the most extraordinary weather conditions experienced during the middle part of the year. This year marked a distinct change in the order of things in that all export butter was taken charge of by the Government under what is known as the guaranteed price, and although prices are better when compared with prices realised during the last eight years, it must also be noted that manufacturing costs are higher. However, the directors are of the opinion that this will be no surprise, as it is in keeping with the general trend of matters. It is terv pleasing to again report that the giade of our butter is still very good, the average grade for the year being 94.253, and although this figure is not quite as good as last year it is very gratifying to be able to again record that our butter is still one of the highest graded butters in the Dominion. The amount manufactured during the year Was 1309 tons 12cwt. 22 lb. ~ “The average advance paid to all suppliers on all grades ol cream during the season was 11.5096 d l>er fat. A further payment of 2.75 d per lb is being made on August 20, making a total nett average payment of 14.2596 d per lb. A dividend of 6 per cent, on the paid-up capital is provided for in the balance of appropriation account. . . “There will be three vacancies to lie filled on the hoard of directors at the annual meeting, owing to the ment in ordinary course of Mr E. O. Bond and Mr A. Montgomerie, who are both eligible for re-election. Ihe third vacancy is caused by the resignation of Mr A. J. Baxter owing to his transfer to Wellington. .The retiring auditors, Messrs'-Dempsy and Litchfield again offer their services. Ihe best’ thanks of the shareholders are due to the whole staff, for the ieiy efficient manner in which they have carried out their respective duties. The report is signed by the chairman of the board of directors (Mr A. Campbell). ■ ... „ The statistics are as under (the- figures for last year being shown in parentheses): — Pay-out previous year per lb butterfat (season average), 13.06 d; pay-out current year pel' lb, advance, 11.5096 d, butterfat surplus, 2.i5d. Number of suppliers, 319 (324) ; pounds of cream received. 6 217,6871 b (6 303,3531 b); pounds of butterfat from cream, 2,400,1781 b (2,422,4191 b) ; average butterfat test of cream, 38.6244 (38.4306); total charges, including repairs and deprecation, up to f.o.b. at per pound butterfat, 1.730(1; (1.354 d); cream graded finest grade, 96.4242 (96.2222); cream graded first grade, 3.3(09 (3.5586) ; cream graded second grade, 1999 (.2192) ; quantity butter made, 2,933,5261 b (2,972.6761 b); over-run, 22.2222 (22.715); average grade butter, 94.253 (94.770).