OAKURA DAIRY COMPANY.

Taranaki Daily News, Volume L, Issue 61, 16 October 1907, Page 3

OAKURA DAIRY COMPANY.

_ Tne nintu annual report of the Oakura ! Dairy Factory Company, 1 ■td„ has reached u5 from the secretary, It. E. \\. Garner. The report congratu-: ites the shareholders on the highly' atisfactory result of the year's operaions. The total amount of milk re-!vifift-ir W f,. 5^25,4121b, containing 09,66016 of butter-fat, from which was aanufactured 233,5691b of butter (104 ons oewt Iqr lib), the overrun being _\f P cr cent - The average test was .79, and the quantity of milk required o make lib of butter was 23.651b. The ; urn of £B7IO 5s 8d has been distributed mongst the shareholders, being at an iverage price of 9.97 d per lb of butterat, which forms a record in the history f the company. After writing off the nm of £212 14s 6d for depreciation here remains the sum of .£277 19 s 9<j a carry forward. The directors have ecided to pay an additional bonus of id per lb on butter-fat supplied last eason, which will amount to £203, and >e the balance, £74 Itls od, for plant enewals"ror next reason and in reducion of the bank overdraft. The pi'osects for next season are good, and the i rectors have again sold the output at . satisfactory price. The following figures were attached o the report: jfumber of suppliers, >5; milk received, 5,525,4121b (Oakura actory 1,629,0051b, Timaru creamerv !,524,3171b. and Pitone creamery 1,372i•901b); average of butter-fat, 3.79 per ent.; quantity of butter-fat received, !09,6651b; quantity of butter made 133,56911); quantity of butter made p«r wund of lmtter-fat, 1.1111); average >riee received for butter-fat, 10.48 d per b; cost of manufacture (including depreciation and all working expenses), j 1.60 d per lb; average price of butter-fat i aid to suppliers, 9.97 d per lb. j The profit and loss account shows ; that £B7IO 5s 8d was paid for mill; i md £399 5s for wages and salaries; j naintenanee of buildings and plant cost £94 Is 3d, _and the disposal of produce (exclusive of freight) £164 5s Od; cartige absorbed £72, and fuel £lO2 10s Id. 3n the credit side Butter sales brought in £10,199 19s 7d, buttermilk £lO lis. Assets show an excess of £277 19s 9d aver liabilities.