Mangawhata Dairy Coy.

Manawatu Times, Volume 67, Issue 111, 4 September 1942, Page 3

Mangawhata Dairy Coy.

The 27th annual report of the Mangawhata Co-operative Dairy Coy., Ltd., states that the finances are in a sound position. The average px-ice advanced for the 12 months amounts to 17.983 d per lb of butterfat, and it is not proposed to make a further payment. The increased yield is due to the manufactux*e for two months of super-fatted cheese, this being done under instructions from the Dairy Division. We wish to congratulate the manager on having the highest gz-ade of cheese exported through Wanganui for the past season. In respect of the year, 1940-41, the estimated payout to suppliers for butterfat (all grades) was 17.866 d, as quoted in the report of that year, and the actual payout was 17.826 d. In respect of the year, 1941-42, the dairy produce unsold at date of balance was valued at the Government guaranteed price for each grade. It is estimated that the season’s average payout to supppliers per pound of butterfat (all grades) will be 17.983 d. It is not proposed to pay a dividend on share capital. The directors thank the manager and secx-etai-y and their respective staffs for the attention paid by them to the interests of the company.