DAIRYING INDUSTRY

Sun (Auckland), Volume II, Issue 433, 15 August 1928, Page 12

DAIRYING INDUSTRY

MORRINSVILLE COY.’S YEAR The success of the Morrinsville Cooperative Dairy Company, Ltd., during the six years it had been in operation had far exceeded all expectations, said the acting-chairman, Mr. F. W. Seifert, at the annual meeting of the company yesterday. Its suppliers had increased from 90 to 240, and its output from 247 tons to 877 tons. The grade had increased from 91 points to an average of over 93 points, while the cost of manufacture had decreased from £23 10s a ton to £l3 10s. In other figures the cost of manufacture to f.o.b. had been reduced from 2.6 d a lb butter-fat to 1.43 d a lb butter-fat. Three nominations were received to fill the two vacancies on the directorate. The elec-Lion will take place by postal voting. There was a large attendance at the annual meeting of suppliers to the New Zealand Dairy Company’s factories at Waharoa. Mr. F. Hughes presided. A vote of appreciation was passed for the services rendered in connection with dried milk production by Messrs. McGill, Ryan and Casey. A vote was taken for the election of members on the local suppliers’ committee, Messrs. Ryan, Hughes, Gunn, Casey and Barker being the successful candidates * • * The 18th annual report of the Pio Pio Co-operative Dairy Company, Ltd., states that the season’s output amounted to 396 J tons, an increase of 45 tons over the previous season's figure, and 90 tons more than was made two years ago. The average cash advance payments amounted to Is 4.8 d a lb, and it is proposed to make further payments of 1 5-8 d a lb for the months of December, January, February, March and April, and 5-Sd a lb for May, bringing the average for the season, irrespective of grade, to Is 5.555 d a lb. It is also recommended that a dividend of 6 per cent, be paid on all paid-up capital. The company was awarded the 'Weddell Cup for the highest grade of butter manufactured, with an average of 94.095 points. The retiring directors. Messrs. P. .T. "Wall, J. E. Trust and N. Early are eligible for reelection.