KAIRANGA COMPANY.

Manawatu Standard, Volume LVII, Issue 222, 19 August 1937, Page 9

KAIRANGA COMPANY.

YEAR REVIEWED.

THIRTIETH ANNUAL REPORT

The 30th annual report of the Kairanga Dairy Company, to be presented at the annual meeting by Mr J. Devine, chairman of directors, reads as follows:- —“The season has been a particularly favourable one for the production of dairy products and the company’s output shows a considerable increase. The quality of our produce manufactured has been maintained at the previous high standard. Since our last report the guaranteed price to be paid for all butter and cheese exported was brought into operation on August 1, 1936, and the payment is now made by the Primary Products Marketing Department. We would emphasise to suppliers the necessity for constant care in respect to their milk arid cream, if we are successfully to obtain the differential payments to lie made by the Government for the various grades of butter and cheese manufactured during the coming season. The affairs of the company must he regarded as gratifying, and the finances are in a healthy condition, The store department again shows excellent results, the sales having reached a record figure, and suppliers are realising .more fully the advantages of supporting this department oi the company. “In accordance with the regulations we have to report that the final payments made per pound of huttertat supplied during the 193.>-36 season amounted to as follow: Butter suppliers, 12 902 d ; whey cream supphers, 9 318 d; Longburn milk supp hers. 12 815(1; TCairanga milk' suppliers, 12.750 d; Fit jr-herhert milk suppliers, 12.681(1. Deferred payment: Ihe bal ances for appropriation are as follow: Factories’ accounts, £IB,2JG 13s Gd,

store account, £1320 7s 4d. The average of advances made is: Longburn butter, 11.546 d; Kairanga wliey butter, 10.501 d; Longburn cheese, 12. Slid; Kairanga cheese, 12.512 d; Fitzherbert cheese, 12.512 d. The directors recommend that the balances be disposed of as follow:—(1) In making a further payment of 2 l-12d per lb. fat on all supply received during the year for buttermaking. (2) In making a further payment of 2d per lb. fat on all supply received during the year for whey buttermaking. (3) In making a further payment of 1 7-16tlis d. per lb fat on all supply received during the cheesemaking season at the Longburn factory. (4) In making a further payment of 4-sths d. per lb. fat on all supply received during the cheesemaking season at the Kairanga factory. (5) In making a further payment of id per lb. fat on all supply received during the cheesemaking season at the Fitzherbert factory. (6) In making a 6 per cent, dividend on paid-up capital. (7) In making a 4 per cent. rebate on all store purchases. The payments above mentioned (on butterfat only) will bring the factory advances to: Butter supplies, 13.629 d; wliey butter suppliers, 12.501 d; Longburn milk suppliers, 14.072 d; Kairanga milk suppliers, 13.449 d; Fitzherbert milk suppliers, 13.364 d. Large quantities of produce still remain unsold. The export butter and cheese stocks have been valued on the basis of the Government’s guaranteed price, according to grade, and the stocks of butter and cheese held for local sales have been valued on a parity with the Government’s guaranteed f.o.b. price. The thanks of the shareholders are due to the management and staff for their endeavours in the interests of the company. “The directors retiring by rotation are Messrs W. W. Gosling, J. Ky' e > J. J. McEwen and D. Prouse. They are eligible and offer themselves for re-eleetion. Mr W. Hunter, auditor, retires and offers himself for re-elec-tion.”

The statistics of the company’s operations are given ns follow, those for the year 1935-36 being given first in< each instance and those for the 1936-37 season second:—Total_ quantity butterfat received, 2,177,7511 b, 2,347,4301 b; total quantity butterfat, cream suppliers, 1,491,6771 b, 1,590,071 lb; total quantity butterfat, whey cream suppliers, 158,0711 b, 200,1461 b; total quantity butterfat, Longburn, 147,6371 b, 156,8321 b; total quantity butterfat, Kairanga-, 227,9341 b, 248,910 lb; total quantity butterfat, Fitzherbert, 152,4321 b, 151,4711 b. Average test, cream suppliers, 38.U6 per cent., 38.606 per cent.; Longburn, 4.425 per cent., 4.597 per cent. ; Kairanga, 4.755 per cent., 4.833 per cent.; Fitzherbert, 4.657 pey cent., 4.757 per cent.. Average cheese yields: Longburn, 2.492, 2.452; Kairanga, 2.411, 2.387; Fitzherbert, 2.381, 2.350. Overrun : Creamery butter, 21.1103 per cent., 2117/ per cent.; whey butter, 21.519 per cent., 21.813 per cent. Produce manufacture : Creamery butter, 866 tons 8 cwt., 875 tons 3cwt.; whey butter, 87 tons 7cwt., 110 tons lewt.; Longburn, cheese. 127 tons Gcwt., 158 tons 13cwtj Kairanga cheese, 186 tons 4cwt., 247 tons lGcwt.; Fitzherbert cheese, 136 tons llcwt., 151 tons 3cwt. Average produce grades: Creamery butter, 93.918, 93.963; whey butter, 88.956, 88.522; Longburn cheese, 91.527, 91.975; Kairanga cheese, 91.523, 91 357; Fitzherbert cheese, 91.566, 91.770 . , The auditor, Mr W. Hunter, in the course of Ids report, states: —“In accordance with the provisions of the Dairy Industry Amendment Act. 1922. I certify that for the twelve months ending June 30, 1937, (1) the weight of butter manufactured from eapli pound of butterfat used for the manufacture of butter was 1.21171 b. (2) The weight of - whey butter manufactured from each lb of butterfat used for the manufacture of whey butter was 1.21811 b. (3) No unsalted butter was manufactured. (4) The weight of cheese manufactured from each pound of butterfat used for cheese manufacturing was: Longburn, 2.452; Kairanga, 2.387; Fitzherbert, 2.350.”