STRATFORD FARMERS' CO-OP. ASSOCIATION.

Taranaki Daily News, 22 July 1918, Page 3

STRATFORD FARMERS' CO-OP. ASSOCIATION.

ANNUAL REPORT. Tlic ruuuial general meeting of the Stratford Farmers' Co-operative Association will be held shortly. The. balancesheet shows Ih.it for the season 1910-17 s;.](>ii,Gß9ib of milk was received, makingl 1,G21,2441b of butter. The average test -was 3.94 and overrun 15.5, the cost nf manufacture being 1.35 - In the 1017-1S season 25,f1r,0,7">2Lb of milk was received, making 1.31fi,Q.?31b of buttter. The average test was 3.0, overrun 15.3, . and eos(. of amnufacture 1.-SSd. Cheese > manufactured was '!)2,'i2,"lb, the milk ] received being '!,fi7">,7(iolb, yielding ■ 203..55131b fat;'pounds of milk'to lib ' cheese, 0.491b- and pounds of cheese to ; lib of butter-fat, 2.411b.. The' bivttefivovking account showed a balance of , £23.610 os Cd- To meet extra cool storage- accommodation, one farthing per lb of butter-fat has been sot aside and a i further payment of 4 ">-3d per pound I to be paid'out this month ( £23,103 ISa lid), leaving £506 0s 7d to be carried forward, 'bringing the average payment ■ for butter-fat to Is .Wrt. A further payment will be made by the. Imperial Government on butter purchased last vear. Cheese showed a balance of £4400 10s Cd. Considering the rear was well advanced when cheese-making commenced, the operations are very satisfactory. The payment for 1010-17 reached Is Sd per lb. The balance of surpluses (£3OOB 14s 2d) has been placed to credit of reserve account, which now stands at £4301 Ss 10d, the frewins company showing a profit of £3lO 15s for the'year. A loss of £271 l">s lid, at Robson Road, had been written off. Mr ft Binel? (chairman) will probably not be a supplier of milk for the eontinor season, and intends resigning after the annual meeting. ,