N.Z. DAIRY ASSOCIATION.

Pukekohe & Waiuku Times, Volume 6, Issue 302, 17 August 1917, Page 2

N.Z. DAIRY ASSOCIATION.

Past Year Reviewed The 17th annual meeting of shareholders in the New Zealand Dairy Association is to be held at Pukekohe on August 30th next. In their report covering the past year's operations the directors state that values again ruled high. Manufacture has vastly increased, and the association's turnover for the year would exceed £1,250,000 when the accumulated stocks had been realised upon. Butter held at the end of June was valued for stock-taking purposes at Is 5d per lb. To the end of June last the Association paid £34,621 6s 7d to the butter-fat levy fund, and to the same date its compensation from this fund amounted to £6545 0s lOd The quantity of milk received during the year was 97,790,7721b for butter manufacture, and 20,870,1591b for cheese manufacture. The quantity of cream received was 18 222,4901b. The but-ter-fat paid for for butter manufacture was 11,025,9081b, and for cheese manufacture 746,096J1b. The manufacture during" the year 13,219,5481b butter and 1,989 6611b cheese. The over-run was 19.8 per cent, and 2.61b of cheese were made from each lb of butter-fat. The average butter-fat quality of milk was 3.788 per cent., and of cream 40.2 per cent. The skim milk test average over all creameries was 0 04 per cent. For all-the-year-round supply, qualified by shareholding, including daily delivery from September to March direct to central factories at Pukekohe, Ngaruawahia, Frankton, and Waiuku, the average payment for the year was 21 48d—practically Is 9Jd—per lb butter-fat, including the butter-fat levy. This payment would compare favourably with any other payments in the province, and probably throughout the Dominion.' Where the railway was used, payment was £d per lb butter-fat less. For daily delivery, from September to March, inclusive, a premium of >d per lb butter-fat had been paid. The Association's suppliers at Matangi cheese factory, who were qualified by shareholding, would receive an average payment of 22 327 d per lb butter-fat, for cheese manuficture, the similar avenge for all cheese factories being 22.170 d per lb butter-fat. These payment to cheese suppliers constitu ed a record for the Waikato. They also included the butter-fat levy. The sum of £264,211 9s 91 had been allocated for the final profits on butt.r-fat, the rate per lb being h\i for supply to butter factories, and from rs|.l"to 2-d p?r lb for supply to chee>e factories With the butterfat lew added, these rates would be fid and 4d to 3jjd respe t ; ve!y. The Association had now five che?se factories, having erected a new factory at Oordonton during tin past year. The statem-mt of accounts shows that in the butter department the sales were £914,023 3s lid with stock on hand £25G,743 Ss Id, a to al of £1,170,763. Amongst the chief items of expenditure were, pure'ias?* £992,203 ; export consignment rharges, £65,444; anl butter-fat levy, £31,936. The balance shown is £62,48G which, with other receipts amounting to £597 14s, gave a total of £63,084 2s 11 and constituted the working expenditure, less £IOO 15s 2d balance in hand.