FARM NOTES.

Putaruru Press, Volume VII, Issue 299, 1 August 1929, Page 6

FARM NOTES.

THE SEASON IN REVIEW. MORKINSYiLLK FACTORIES. Directors’ Annual Reports, j Tatna Company’s Position. A successful year’s operations is reviewed by Mr. W. Darrall, chairman of directors of the Tatua Dairy Company, in the 15th annual report, 'which is to be placed before suppliers at the annual meeting next jnonth. The total cheese manufactured was 928 tons.

41 The machinery and plant are In jgood order and repair and the tory is well equipped to manufacture on the new economic basis,” states the report. “From the surplus as shown by *the balance-sheet it has been decided to make a payment of one penny on January and February, .arid two pence on March, April and Slay butterfat supplied, bringing the payment for the season at that date -to Is 7d per pound butterfat. From ■the remainder, subject to realisations, it is intended to make a further payment of one penny per pound butterfat over the season. It ts recommended that a dividend of 5 per cent, be made on paid-up capital. Including this payment, the total payment for the season will be Ts 8.21 d.”

The retiring directors are Messrs. ‘ J. M. Allen, J. Baker and W. Dar- ‘ rail, who are again available, and A. j G. Crowe, who has resigned. j The annual summary of statistics , ! is as follows, last season’s figures being given in parentheses:— Cheesemaking. Pounds of milk, i 19,861,004 (17,344,587); average test, 14 (4) ; pounds of butterfat, , ; 739,737 ( 681,547); pounds of cheese, ’ 2,078,799 (1,905,003); yield of cheese per pound of butterfat, 2.81 (2.79); | pounds of milk per pound of cheese, 9.55 (9.11); fat in whey cream, j 40,224 (35,669). I j Separating. Pounds of butterfat, j 59,773 (40,906). ! MORRIN SYIL.BE COMPANY. Sound Financial Footing. A further substantial increase in production is recorded in the seventh annual report of the Morrinsville Dairy Company, to be presented to the annual meeting of suppliers. The total output of butter for the season was 1212 tons 9 cwt, showing an increase of 335 tons 14 cwt, easily a record for the company. The' report states that the assets of the company in land, buildings and plant have been kept in an excellent state of repair, and ample depreciation has been allowed for. A i further cottage has been built during the year, factory buildings further extended, and a new freezer, motor and cream vat added. Ample accommodation is now available for all

prospective supply. The final balance of the revenue account is £12,171 16s. In order to pay dividend, auditor’s fees and directors’ honoraria £IOOO of this is earmarked, leaving a balance of £11,171 16s available for distribution at May 31. A bonus paid on July 20 absorbed £4685 17s Bd, leaving a further balance 'of £6485 18s 4d. The directors propose a final payment of .675 d upon all butterfat supplied during the season, absorbing a further | £6325 18s lOd, and carrying forward i the balance of £159 19s 6d. I The average return for butterfat, irrespective of grade, is 18.778 d per ! pound, a summary for the season being as follows : Advances, 17.155 d ; collection, .448 d ; bonus on July 20, I 1929, .500 d ; bonus due, .675 d ; total, , 18.778 d. I The finance and trading department has rendered exceptional service to suppliers during the past season, the net profit earned being added to the finance department reserve.

The directors recommend the payment of a dividend of 5 ’ per cent, upon amounts paid up on shares. This is equal to ,069 d per pound of butterfat, making the gross payment, inclusive of dividend, 18.847 d. As is again reflected by these accounts, credit is due to the staff for the manner in which all work has been carried out. This season costs are down to a minimum. The retiring directors are Messrs. ,T. E. Leeson, D. T. Davies and B. J. Pirrit, all of whom are eligible and offer themselves for re-election. The directors recommend that the board should he increased from seven to nine in number. The prospects of the company are particularly bright, the report concludes. It is in an exceptional financial position, and with the continued cn-ope’-"tion of the suppliers further successful seasons are assured.

The annual summary of statistics for the years 1923 to 1929 inclusive is as follows : Suppliers, 90, 120, 160, 170, 200, 240, 280 ; tons of butter, 247, 356, 530, 545, 758, 877, 1212 ; overrun, 1.2094, 1.2128, 1.2153, 1.2074, 1.2045. 1.2057, 1.2CT2 ; cost to f.0.b., 2.6, 2.08, 1.82, 1.76, 1.53, 1.43, 1.37 ; average payment, 18.08, 19, 18, 18.139, 16.139, 17.893, 18.864.

CAMBRIDGE COMPANY. Satisfactory Year. The season’s statistics of the Cambridge Company, with those of the previous year in parentheses, are as follow: Buttermaking. Number of suppliers, 357 (340); pounds of milk received, 3,512,381 (3,419,073); pounds of cream received, 2,348,809 (2,190,639); pounds of butterfat received, 1,102,895 (1,020,154); tons of butter made, 600 (622); average test, 4.54 (4.52); average price realised per pound, Is 5.01 d (Is 5.68 d). Cheesemaking. Suppliers, 204 (198) ; pounds of milk received, 47,068,576 (55,491,731); pounds of butterfat received, 1,876,905 (2,272,010); average test, 3.98 (4.09); tons of cheese made, 2152' (2592); tons of whey butter made, 392 (70); average price realised, 9.85 d per pound (9.61 d). BRUNTWOOD COMPANY. High Average Payout. I The report to be presented at the 15th annual meeting of the Bruntwood Co-operative Dairy Company, I which manufactures cheese, states that advances were made during the year at the rate of 17.53 d per pound of butterfat. During the year 11,660,004 pounds of milk were received, yielding 452,981.411 b of fat. From this 545 tons of cheese were made. The average test for the season was 3.8849, and the average grading 91.6101. The cost of manufacture was !.38222d per pound. The board proposes recommendations which will bring the total payout for the season to date close to 20d per pound of butterfat. Extensive improvements are at present being effected iri the factory, the major portion of which were made necessary by insanitary conditions.