HAWERA CO-OP. DAIRY COY.

Taranaki Daily News, 18 July 1922, Page 7

HAWERA CO-OP. DAIRY COY.

ANNUAL REPORT. The report to be presented at the annual meeting of the Hawara Co-op. Dairy Coy. states that the season has been one of violent fluctuations as regards prices of butter and cheese, and it is considered by the majority of the producers that these fluctuations have not been solely due to the prevailing economic conditions and the law of supply and demand. The time was considered opportune for providing better methods of marketing our produce, ami a committee has been set up comprising representatives of the dairy industry in both the North and South Islands, and this committee met in Wellington on July 13 to endeavor to formulate a marketing scheme suitable and acceptable to the Industry aS a whole in New ZeaJand. Your chairman is a member of the committee, and it is hoped that he will be able to report to the annual meeting the outcome of the committee’s deliberations. Last season’s estimate of pay-out was 2s 0 l-16d per lb of butter-fat and it is pleasing to record 'that this estimate was exceeded by 1.1-16 d per lb, the final payment for 1*920-21 season being 2s' l%d per lb but-ter-fat. This season cheese unsold has ‘■'been estimated as follows: 2000 crates afloat at OJd per lb f.0.b., and 3955 crates awaiting shipment at 6d per lb f.o.b. Included in these totals are 1600 crates of part skim cheese. This estimate is considered safe, and on the basis

of it a payment for the season of Is 3|d per lb butter-fat could be made after allowing for interest on shares absorbing £B5l 16s. The new butter room at the Glover Road factory, recommended by the directors and sanctioned by the suppliers, is already in the course of construction, and its completion will equip the factory, with a full dual- plant.

The statistics for last year and those of 1914 below quoted will be read with interest, figures in parentheses denoting returns for 1914: Pounds of milk received 51,559,915 ( 32,736,786); pounds butter-fat, 2,042,959 (1,231,520) ; average test, 3'96 ( 3.76); cost of manufacture per lb (cheese), .77d '(.54d); total charges (including repairs and depreciation; up to f.o.b. ocean steamer on butter and cheese, worked out at per lb butter-fat, 4.14 d. Used for cheese-mak-ing; Pounds of milk, 48,468,617 4(M); pounds' of nutter-fat, 1,894,403 (1,113,502:); pounds of cheese made, 5, 025,301 (3,005,625); pounds of milk to make 11b cheese, 9.644 (9.91); pounds of cheese from lib butter-fat, 2.652 (2.699); average test, 3.90 (3.7'3). Used for butter-making: Pounds of milk, 3.091,298 (2,935,382); pounds of butterfat, ,148'557 (118,081); pounds of butter made (including starter butter), 193,575 (136,151); pounds of milk to make lib butter, 17.49; overrun, 18.91; average 4.80.