DAIRY COMPANY'S REPORTS.

Taranaki Daily News, 31 July 1915, Page 3

DAIRY COMPANY'S REPORTS.

MAXWIREf. The (twentieth annual report of the above company conveys the directors' pleasure in submitting the results of the most successful year of the company's life. The quantity of mill; received was ■l7,!)US,.'>:fc2i l b, an increa.se of very nearly a. hundred thousand gallons oil the previous year; the -butter fat yield was 'o!M,f>43Lb, the butter made 80S.&58 lb, over-run 10.7« i, H> of milk to lb of ■butter average test 3.1)0. (During tiie year .Oi,8o!) 7s 3d has been paid to suppliers, being equal to li'.Sd per lb of butter fat. After deducting £134 15s (><i for depreciation, there remains in hand a balance of £i2B3ti !)s, which will allow of a further payment to suppliers, and bring the total payment for the yiar up to l.'H'SSd per lb. There is every indication of the present high prices for ibutter continuing throughout the coining season. Two directors are required in place of (Messrs. Marsh and Rowlands, wh 0 retire in rotation, and are eligible for re-election; also an auditor in pCace of Mr. Davies, who again offers his services.

KATMATA. The third annual report and balancesheet shows that the amount of cheese made during the twelcve months was 331 tons 12e\vt Oars IMb. The irregularity of shipimcntsi Home during the ptiist season, had caused a considerable delay in realising on the cheese made, and consequently there was a considerable quantity in the freezing works on May 31, some portion of which had to be taken at an estimated price only, for the punposcs of the balance-sheet." Out of the surplus of .£2013 lis the directors proposed to make a further payment of 2.fld per Lb of butter fat for the season, and to carry forward the ■balance of £3O Ms i)d. '.Suppliers 'will have then received a fraction more than 1'2.0d per lb of butter fat for the season. The services of Mr. Lucy and M". lVrcival have been secured for another year. All the directors retire from office and only 'Messrs. ,T. Dohson, ]!. (.'. Powell and !•'. Braeegirdle. are eligible for re-election. An auditor will also be elected. The services of Mr. Hopson are again available as auditor. Milk received 4,(j8,"),7i57U>. butter fat 183.042, cliee.se made 4(!0.4]3, average test 3.02, lb of milk to lb of cheese !1.4. lb of cheese to lb of butter fat 2.71.

ItAIIOTU. At a meeting of the directors held after the annual meeting on Thursday. Mr, W. C. Ilreeu was re-elected chairman.