DAIRYING INDUSTRY.

Taranaki Daily News, 17 August 1921, Page 8

DAIRYING INDUSTRY.

THE PAST SEASON. IiEPORT OF MANGATOKI COMPANY. The annual meeting of the Mangatoki Cooperative Dairy Company is to be held in the Public Hall to-day (Wednesday). The annual report states: Your directors have much pleasure in being able to report a satisfactory year’s working, though very adverse circumstances have ouade tne year an extremely difficult one for your management, in which Irregular shipping, Patea grading store fire, th<’ high cost and uncertain supply of factory requisites, together with changing from cheese to butter in the middle of the season, have been principal factors. The changing from cheese to butter, though entailing heavy extra expenditure, has proved exceptionally good business, and will probably enable the company to finally pay between 2s 3d to 2s 6d per lb. butter-fat for the past year, as well as meet and provide for the heavy expenditure in arranging for butter making, and the taking in of the large* surplus stocks of factory requisites at prices to meet the falling markets. After writing oft £875 for depreciation, there remains a balance of £22,860 19s 7d; your directors recommend the payment of 5 per cent, on all paid share capita 1; this will absorb £769, leaving £22.091 19s 7d for further distribution—approximating 5 3-Bd. As 2s per lb. butter-fat has already been paid, the approximate total should be 2s 5 3-Bd. Supplying shareholders are, however, distinctly advised that this es- . timate may be exceeded, or on the other rand, I not realised, as we still have a considerable amount of cheese in transit, although the upward trend of the market is all in our i favor. ’lt will probably be towards the end of 1921 before complete returns are available. The retiring directors are Messrs. I'. IL Anderson, A. C. Pease, and J. Marx, who are eligible and offer themselves for re-eldc- ‘ Statistics appended to the report showed:— ! Total milk received, 25,653,2061b5., giving i I 991.74911)5. butter-fat; average test, 3.86; toI ial milk used for cheese. 1U,042,3351b5.; test, i 3.G4, giving 449 tons 17,cwt. iqr. 121bs. fac- : tory cheese; milk used for lb. cheese, 9.96 ■ lbs; cheese yield to lb. butter-fat, Z.751b5.; | milk used for butter making, 15,G10,8711b5.; I , test, 4 per cent., giving .625,4091b5. butter-fat : and 331 tons, 9cwt. 2qrs. 221bs. creamery I butler; over-run, 18.7 per cent.; pounds of , milk to lb. butter, 20.7; total whey butter : made, 13 tons IcvA. ISlbs.; total casein I made, 102 tons. 12cwt.; cost per lb. but- | rer-fat to f.u.b., including depreciation, ■’ per lb. The profit and loss account showed that the sum of £99,027 had been paid against milk, wages and §taff allowances £5941 14s 9d, railage, freezing and grading £2530, boxes, and crates £2-565, requisites £3701 19s, power and fuel £2333 9s Gd, repairs to plant £4125 17s lid, cartage account £lll2 2s Bd. After other items were allowed, there was a balance lo> appropriation account of £22,868 18s Id. Butter brought in £93,573 Is 2d. cheese £57,195 15s 2d, and caseu\ £5295 16s 9<l. THE MAKETAWA COMPANY. The report of the directors of the Makelawa Dairy Factory Company, to be presented ito the annual meeting of shareholders on j Thursday, August 25, states; The quantiiy of butter made was 151 tons llcwt. 2qrs. 161bs. The surplus amounts to £5225 16s 4d. which will allow of a further payment to factory suppliers of 4.4 d per lb., and to creamery suppliers of 13d per lb., which will bring the total payments to 2s 7.08 d per lb. of butter-fat. To this will have to be added the equalisation fund payments fot local sales when same is received. The directors propose to make a payment of 4.4 d per lb. to factory suppliers, and 4.3 d to creamery suppliers at the annual meeting. which will amount to £5221 19s Id. Suppliers for case- , In have had an advance of 2d per lb. butterfat, and there is a further Id per lb. due from the Casein Company. This will bring the total payment for the season to 2s 10.08 d. You

will he asked to appoint two directors in place I of Messrs. IV. Corney and D. A. Brown, who ! retire by rotation and are eligible for re- I election. | The report showed the following figures re- | luting to the factory working:—Lbs. of milks received, 6,652.909 ; Ins. of cream received.’ 30,146; lbs. of butter-fat, 287.403; lbs. oft butter made. 339,880; butter to 11b. of butter- i fat, 1.182; average test milk, 4.11; average 1 Test cream, 46.3. Under the beading of expenditure the workIng account showed: Milk and cream £31,949 | 7s 2d; fuel, requisites, repairs, wages, £297? 16s 7d; export charges, £780; casein £l4lO 6s Bd. Butter receipts were £40,880 18s lid, ; and casein £l4lO 6s Bd. There was a bal- ; ance to surplus account of £5063 9s Id. i