N.Z. DAIRY ASSOCIATION

Pukekohe & Waiuku Times, Volume 7, Issue 404, 27 August 1918, Page 1

N.Z. DAIRY ASSOCIATION

ANNUAL REPORT

The annual report of the N.Z. Dairy Association to be presented at the annual meeting of the Company, to be held in Hamilton, on Friday next is as follows:

The General Trading Account shows sales for theyearof £1,330,410 19 and the Agency of £46,027 Is 4d, making a total turnover of £1,376,438 Os 4d. These are record figures in both departments. During the year milk powder has been manufactured at the Association's factory at Matamata; also at Matangi, where a temporary plant was used. A permanent factory is in course of erection at Matangi, and is expected to be completed early during the coming season. Early in the year, the business of the Association was amalgamated with that of the Eureka Co.op Dairy Company, Limited. The quantity of milk received during the year was 58,366,5391bs for butter manufacture, and 20,550,9771bs for cheese manufacture. The quantity of cream received was 18,730,7351b5. The butterfat paid for for butter manufacture was 9,905,9041bs and for cheese manufacture, 756,6031b5. The manufacture during the year was 11,831,0751b5, butter 1,959,859 lbs cheese, and 3,550,441 ibs milk powder. The overrun was 19.4 per cent, and 2.591bs of cheese made from each lb of butterfat. The average butterfat quality of milk was 3.77 per cent and of cream 411 per cent. The skim milk test average over all creameries was 0.03 per cent. For all-the-year-round supply, qualified by shareholding, including daily delivery from September to March direct to'central factories at Pukekohe, Ngaruwahia, Frankton and Waiuku, the average payment, including the 4d per lb mentioned herein, for the year is 20.54 (over Is BJd) per lb butterfat, which sum may be increased when final payments are received from the Government on acconut of profits. This average payment, your directors believe, will be a highly satisfactory one to the Association's suppliers. Where the railway is used, payment isl-Bdper lb, butterfat less. For daily delivery, from September to March inclusive, a premium of jd per lb butterfat has been paid. The Association's suppliers at Manawaru Cheese Factory, who are qualified by shareholding, will receive an average payment of 24.56 per lb butterfat. The sum of £142,213 7s 9d plus amounts which accrue under Government profit scheme, has been allocated for the final payments on butterfat, in terms of contract as embodied in conditions of supply, the rate per lb. to suppliers qualified by sharehold ing being 4d for supply to creameries and butter factories, and from 13-Bdto3 5-8 d per lb. for supply to cheese factories. This payment of 4d per lb assumes and is subject to a further payment on account of profits under the Imperial Government scheme for the past season of about 19s percwt. less equalisation in respect of local business. The amount coming to the Association on this account has been estimated on a conservative basis. The final payment to suppliers is expected to be somewhat greater than is here indicated. Of the said 4d per lb, 2d per lb will be paid early in September, and the balance will, subject to the foregoing payment from the Government, be paid when present accumulation of butter has been cleared and the profit payment is received from the Government. Of the similar payments to cheese suppliers, about half will be paid early in September, and the balance after shipment of cheese btill in store. During the financial year the Association resumed, under the provisions of "The Dairy Industry Act," 7,502 of its shares. The Directors who retire by rotation this year are Thomas Crosby Blackett and Robert Hugh McKenzie, who have respectively represented the Upper and Lower Waikato districts. Both gentlemen offered themselves for re-election, and in the absence of other nominations are returned without opposition. The auditor, Mr Seering Matthews, F.P.A. (NZ; F.N Z A A offers himself for re-election