DAIRY FACTORY MEETINGS.

Taranaki Daily News, Volume LIII, Issue 141, 23 September 1910, Page 3

DAIRY FACTORY MEETINGS.

MANGOREI COMPANY. The fifteenth annual report and bal-ance-sheet of the Mangorei Co-operative Dairy Factory Company, Ltd., for the year ended 21st August last, to be laid before the annual meeting of shareholders to be held next month, is as follows: Your directors have again the pleasure of bringing before you the balance-sheet and accounts showing the operations of the company for the past year. There has a»«aiu been a gratifying increase in the amount of milk received, whilst the prices re Used on the Home market have been highly satisfactory. The following figures show the eoirparison with, the previous two jWSi—Milk received: mil H 2loMibs; IMS, 13/456,(Ui)ibs; 1008 12.r82.2031.b5. Butter-fat received: 1910, 703,591 lb v. 100!), 605.6971b5; 1908, 504,5/31bs. Bucter made: 1910, 810,975 lbs; 1909, 633.65.V.b5; 1908, 573,5031b5. Over-run, 1010, 15.20 per cent; 1909, 14.52 per cent; 1908, 13.72 per cent. Lbs. milk to each lb butter: 1910, 22.451b5; 1909, 22.281b»; 1908, 22.(>21b5. Average test: 1910, 3.86, 1909. 3.91; 1908, 3.89. Amount paid to supliers: 1910, £33,031 15s lid; 1909, £25,582 15s lOd; 1908, £21,340 2s Id. Rate per lb butter-fat: 1910,11.2G7d; 1909,10.13 d; 1908, 1«.15d. The sum of £250. 12s 9d lias been paid out as a dividend at 5 per cent, on share capital; £029 3s lOd Ins been written off for depreciation; and a balance of £33 17s brought forward. The suppliers to the Mangorei creamery have requested the directors to instal a plant for pasteurising, the skim milk; you will be asked to consider the question of equipping all the creameries and the central with such plants. You will be required to elect three directo-s in place of Messrs Shoemark, Wells and Chattcrton. who retire in rotation, and are eligible for reelection; also an auditor in p':ice of Mr. Pavies, who again offers his services.

ngaere company. '' The annual meeting of tfl" Ngaere Cooperative Dairv Co.'s shareholders was held in' t..e factory on TWesdav, Mr. Wm. Mori-'fm (chairman of th" directorate) pre.sid : !ig'. About thirty shareholders attends!, fl'ie seventeenth annual report read (inter alia): '"Toxi directors have pleasure in again' presentine a baln.nceshi ■■■',' ' ; xlicative of 1 a prosperous season. Th' I.'tput h'\s cyee&led th ■■'. of any former year, and if p'ricTft's' have 'iot come up to the ...ghvst level, they have yet been very good. W>> have receiv d equal to S.b'fi' 1 f.o.b. for our cheese, and have paid out on butter-fat slightly over 11 %d' per lb. Cost of manufacture and marketing, all included, was .907 of a penny per lb of cheese." A table of statistics appended was as follows:—Lbs milk received, 11,746,842; average test, 3.87; total amount of but-ter-fat, 455,(516; commercial cheese manufactured, 1,162.2001b5; milk to make lib cheese, lO.LLlbs; and lbs of cheese made from lib butter-fat, 2.55. The balance-sheet showed that £25,338 had been received for cheese sales; other small amounts brought the total income to £25,375 ISs 4d. " Chief items on the expen'iture side were wages £941 6s, requisites and fuel £1054 10s, repairs and renewals £122 I's, depreciation £l2O, milk account £21.35'5 lis.