CAPE EGMONT DAIRY COMPANY

Taranaki Daily News, Volume LI, Issue 277, 17 November 1908, Page 4

CAPE EGMONT DAIRY COMPANY

The eleventh annual report of the! Cape Kgmoat Co-operative Dairy Company, lo be laitl before the annual meeting of shareholders in the l'ungalvhu 'lown Hall on Thursday next, is as follows :

_ The amount juf milk .reeeivtol »aa i,U18,247 lbs, being 1.103,228 lbs in ex eess.ot the previous year. Shareholders received an average of 11.38 a per lb butter fat delivered at the cheese factory, and an average of !UiOd per V delivered at the butter factory, making! an average of 11.23 d for the year, being I.2Ud more than the previous season with only a butter plant. Table of quantities and averages: Milk received at cheese factory, (i,453,114 libs : milk received at butter factory, 505,113 lbs ; butter-fat total (cheese and butter factories), 285,741 libs ; average tesit 3.78; cheese made, factory weights, 611,377 3bs ; sieving -weights ((shrinkage deducted), 593,081 lbs, or 204 tons 15 cw-ds 2.521bs cheese (factory weights) was made from 1 lb butter-fat, or an average of 2.45 lbs cheese (selling weights) 1 roSii 1 lb but ter-fat. Butter madcy 25,1)52 lbs; over-run,. 11.81 per cent. Milk to make 1 lb butter, 21.77 lbs ; average price received for cheese f.o.b. 5.57 per lb, average price received for butter f.0.b., 10.89 d per lb. After paying advances on milk received, there remains a gross balance to credit '«f

£604 lis 2d. which, after deducting I £ 106 3s 5d for depreciation, £345 9s | 4d, already paid to shareholders as final advance and 5 per cent, dividend on paid up shares, £BO Is, there remains a credit balance of £l2 17s 5d to be carried forward. During the past 6eason 290 new shares have been allotted. The directors have pleasure in congratulating the shareholders on .the sue; cess of the past season's work in the manufacture of cheese, a success which

shows that the expenditure incurred in the erection of the cheese factory was quite justified; the prices ruling in tile Home markets for cheese enabling the company to pay higher prices for

milk than if butter had been made. The present reason gives promise of even lr.'tter prices. You will be to elect two directors in place of Messrs Thomas Harvey and A. Geo. Wade, who retire l>v rotation. Tt will be ueeessarv

to elect an auditor in place of Mr M. J. Brennan, who is eligible for re-elec-tion."

Mr W. MoT-ach!,™ will move at the meeting. "That the end of the Company's financial year lie altered from August 31 to June 30."