N.Z. DAIRY COY.’S YEAR

Sun (Auckland), Volume II, Issue 434, 16 August 1928, Page 12

N.Z. DAIRY COY.’S YEAR

LARGE SCALE PRODUCTION BIG BONUS FOR SUPPLIERS During the season 1927-28 the New Zealand Co-op. Dairy Company Limited’s factories handled 35,338 tons of dairy produce. On this an average advance payment of over Issd alb for butter-fat has already been made, and approximately half a million sterling will be distributed in the form of a bonus payment to suppliers this month. The annual report of the company remarks that the season has been a rather remarkable one. It commenced under conditions of great promise, indicating probabilities of a record output. As the season wore on the greater part of the territory was severely stricken with drought, but in the total, the output slightly exceeded that of last year, which was a record. The output for the year was as follows : Tons. Tons. 1927-S. 1926-7. Butter 26,072 25,772 Cheese 4,250 5,019 Casein 723 767 Milk powder 4,110 4,114 Condensed milk .. .. 183 The stocks of dairy produce unsold at the end of the season had. in accordance with the usual practice, been valued at prices which it was believed would be realised when sales were effected. The liability on 27 debentures of £I,OOO each, securing the assets of the Te Awamutu milkpowder group, was extingLiished during the past season, and the developing account in this connection was written off. An additional sum of £25,500 had been placed to the reserve which now stood at £54,357 7s lid. “The total average price paid for butter-fat of superfine grade will be 17.496 d.” continued the chairman. “In addition the payments made by the company for subsidy on cream cartage and railage on cream amounted to .196 d, thus increasing the average price paid at central factories. A further amount equal to '.115d a pound butterfat has been placed to reserve, making the total amount for superfine 17.807 d a pound. Cheese factories will, in accordance with their respective manufacturing results receive varying payments. Casein supplies have, in addition to butter payments, received an average premium of 1.98 d a pound butter-fat in cash. A further payment of .5d to casein suppliers will be credited to shareholders on capital account. All prices stated above are conditional upon unsold produce realising at sale the value placed upon it for balance purposes.” BUTTER AND CHEESE Cable advice received by the Loan and Mercantile Agency, dated London, August 15, is: New Zealand choicest salted butter, 104 s; cheese, Ills to 114 s. Market firm. CHICAGO WHEAT MARKET (United P.A. — By Telegraph — Copyright) (Australian and N.Z. Press Association.) Reed. 9.5 a.m. CHICAGO, Wed. Wheat.—September, 1 dollar 11* cents a bushel; December, 1 dollar 16i cents; March, 1 -dollar 20 5-8 cents. LONDON TALLOW MARKET Dalgety and Co., Ltd., report receipt of the following cablegram from their London house, dated August 15: — “Ta110w.—574 casks offered and 70 per cent. sold. Mutton, fine, 445. Beef, fine, 455; inferior, 385.” COMPANY REGISTRATIONS The following private companies have been registered in Auckland: — The Palmer Ward Construction Company (N.Z.), Ltd., builders and contractors; capital, £I,OOO, divided into £1 shares; subscribers, Bernard G. McGinn and James G. Wright, 500 shares each. The Auckland Station Estate, Ltd., to deal with certain land; capital, £B,OOO, divided into £1 shares; subscribers, Frank Macfarlane, 1,023; Edward W. Batey, I, B. A. Laurie, 454; Charles C. Laurie, 454; Edwin T. Laurie, 453; Ethel L. Lambert, 3,791; Maude M. Harris, 451; J. W. Lambert, 200; and John A. Holloway, 148 shares. D. Hay and Son, Ltd., nurserymen, etc.; capital, £3,000, divided into £1 shares; subscribers, R. L. Thornton, 2,050; J. C. Sperrin-Johnson, 100; N. R. W. Thomas, 200; H. T. Goldie, 200; C. V. Houghton, J. M. Coleman, M. Hodgkins, and F. S. Roper, 100 each; and T. L. Lancaster, 50 shares. M. D. Taylor and Co., Ltd., manufacturers and general merchants; capital, £I,OOO, divided into £1 shares; subscribers, C. H. Furness, 1, and W. H. Furness, 999 shares. AUCTION NOTES William a. Horne, Ltd., will offer by public auction at their rooms, Horne’s Buildings, corner of High Street and Vulcan Lane, ' to-morrow, Friday, at 1 p.m., acting on instructions of the second mortgagee, house of 7 rooms and modern conveniences, in fair reoair throughout. Known as No. IS Norman Street and situated on the corner of George Street and Norman Street, Dominion Road. Handy second section trams. J. R. Robertson, Ltd., will sell by auction at their rooms, opp. J.C.L., Queen Street, on Friday next, at 11 a.m., on behalf of a shipping company, radio sets and supplies of every description. Mr. J. R. Robertson will conduct the sale.