MIDHIRST DAIRY FACTORY

Stratford Evening Post, Volume XXVII, Issue 64, 15 July 1915, Page 2

MIDHIRST DAIRY FACTORY

TWENTIETH ANNUAL REPORT.

The following annual report will be placed before Shareholders at the general meeting in the Midhirst Hall on the 20th inst., commencing at 12.30 o'clock.

The following figures show the working results: — Season 1913-14—Milk received 38,028,900, average test 4.0, lbs. fat 1,520.548. butter made 1,791,614, lbs

milk to lbs butter 21.22, over-run 17.52. Season 1914-15—Milk received '39,144,(511, average test 4.0, lbs fat 1,579,811, butter made 1.864,483, 11., milk to lbs butter 20.09, over-run iIS.O.

The Balance-sheet shows a surplus of £18,040 3s 9d, which will suflice to make a further payment of 2§d over the whole of the butter-fat for the season., The suppliers will then have been paid at the following rates:— August 14fd, September to April (inclusive) 14kl. .May 163 d. Number of suppliers 200. Average payment for season 14-40 d. Cost of manufacture .92d.

I The following Directors retire by rotation, and are eligible for re-election : '—Messrs P. Keightley, P. J. Petersen, and Angus Wright. Nominations for vacancies on the Board must be in the hands of the Secretary not later than 12 o'clock noon on Saturday, 17th July. 1915.

You will be required to appoint an Auditor in place of Mr T. H. Penn. who again offers his services. The Working Account showed the .payments to suppliers to be £76,665 \ui 3d, wages, etc. £2049 Pis. fuel £737 13s 2d, boxes £1850.18s 3d, requisites £487 12s, repairs and renewals £"l3 Os 10d, insurance £132 (is 10d. depreciation £507 7s 6d.—£7138 lis Id. Railage £sll (is (id, cartage £2Ol 10s 4d, freezing charges £494 2s Sd. interest £23 0s Bd, discounts £27 9s Od, rates, rents, and taxes £l3 2s 7d, office charges £SO Is Bd, audit fee £ls 15s, directors' honorarium £124 10s, agricultural instructor £3O. Empire Defence Fund £3OO, sundry expenses £7l 12s Id, balance due to suppliers £18,040 3s 93. Total £103,855 18s 9d. Butter sales and in store £103,042 2s Bd, buttermilk £55 9s 4d, premiums on shares £7O. transfer fees £7 5s Bd, profit on stoics sold £Bl Is Id. Total, £103,855 18s 9d.