HINUERA DAIRYING.
INCREASE OF OUTPUT. The annual report of the chairman (Mr. C. F. Seaward) of the Hinuera Co-operative Dairy Company, Ltd., should make pleasant reading for the company’s suppliers. The following are some points taken therefrom: Output.—A very satisfactory increase in the quantity of butter manufactured is revealed, the output being 346 tons to the end of May last. A-S an instance of the progress of the company, the following statement shows each season’s make of butter since the company was formed: —
Bonus. —All the stocks of butter unsold at the end of the financial year have been disposed of at the valuation shown in the accounts, and nett cash progress payments have been made during the season to the extent of Is 4.33 d per pound on total butterfat supplied. In addition to the interim bonus of d per pound on the season’s supply to be distributed on 20th July, and after allowing also for a further id per pound, credited to the capital accounts of shareholders, and returned in cash where shares are fully paid up, the directors recommend the distribution of the sum of £2855 16e 4d as follows: £ s. d. Interest at 5 per cent, on Paid-up Capital at 31/5/25 250 15 3 A Final Cash Bonus of .96Sd per lb. . . 2605 1 1 £2855 16 4 The cost of cream cartage for the year works out at .21Gd per pound butterfat, and the final total butterfat payment for the year, amounting to £50,104 12s Id, averages Is 6.61 d per pound. Manager.—Mr. Watt having resigned in order to join the Dairy Division, Mr. T. H. Robinson was appointed to fill the vacancy. "With the installation of the new plant, which is now in hand, the factory will be capable of turning out over 500 tons, and cartage routes have been considerably extended in order to cope with new supply already offering. During the year a six-roomed cottage has been built for the butter maker. Also, the sinking of two artesian bores has resulted in splendid water supply ample for all requirements.
Year. Tons. Butterfat Payments. 1923 . . 147 1/5.73 1924 . . 275 1/7.05 1925 . . 288 1/6.14 1926 . . 346 1/6.61
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Bibliographic details
Putaruru Press, Volume IV, Issue 142, 22 July 1926, Page 3
Word Count
363HINUERA DAIRYING. Putaruru Press, Volume IV, Issue 142, 22 July 1926, Page 3
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