THE DAIRY INDUSTRY.

Taranaki Daily News, 15 August 1922, Page 7

THE DAIRY INDUSTRY.

KAKARAMEA COMPANY. The twelfth annual general meeting of shareholders of the Kakaramea Co-operative Dairy Company, Ltd., was held on Friday. Mr. A. Pearce (chairman) presided over a good attendance. In moving the adoption of the annual report and balance sheet, the chairman said that as.far as their factory was concerned, they had come out a,s well as any of their neighbors. For the first two months of the season Is 6d had been paid out. For the remaining months of the season Is had been paid. He thought that the road to increased production lay in dairy farmers using good bulls. It would be a good idea if the Government would bring in a law to prevent the dairy farmer from rearing heifers unless they were by a bull with a sufficiently good butter-fat pedigree. He was not advocating pedigree stock because all pedigress were not' good milkers. A shareholder asked what it cost to market ♦he company produce. The chairman replied that it worked out at about 3d per lb for dieese, or per lb of butterfat. It was asked why it was that proprietary concerns could pay out more per lb butterfat than Kakaramea. The chairman said said the overrun from home - separated cream was always high. At Kakaramea suppliers were paid for the whole of the cream in their milk. The chairman said that the Whenuakura factory had written asking for their co-opera-tion in appointing a dairy instructor. The Kakaramea company had replied stating that they approved of the suggestion, but said that they did not think it would be much good unless the inspector had the backing of the Government. The chairman’s honorarium was fixed at £35 and directors' fees aX 10s per meeting. Mr. Dwyer submitted a list of names of suppliers who were willing to go in for .association testing. At a subsequent meeting of directors Mr. A. Pearce was re-elected chairman. STATISTICS FOR SEASON 1921-1922. Cheese-making.—pounds of milk, 10,227,028; pounds of butter-fat, 389,420.4 ; test, 3.8; pounds of cheese, 1,041.741 ; pounds of milk to 11b. cheese, 9.81; pounds of cheese to lib. butter-fat, 2.67; average grade, 91.59. Butter-making.—Pounds of milk, 1,065,823 ; pounds of butter-fat, 475,347; test, 4.45; pounds of butter, 56,112; pounds of unilk to lib. of butter. 18.99; uver-run, 18.04; average grade, 93.1. Totals for seasons 1920-21 and 1921-22: Pounds of milk: 1921-22, 11,292,855; 1920-21, 9.454,811. Pounds of butter-fat: 1921-22, 436,955.1; 1920-21, 364,877.8. Test: 1921-22, 3.868; 1920-21, 3.81. Whey butter: 1921-22, 37,2521 b. CAPE EGMONT COMPANY, The twenty-fifth annual meeting of the Cape Egmont. Co-op. Dairy Company, Ltd., was held at the Pungarehu hall on Saturday, when Sir. M. Fleming (chairman of directors) presided Over a fair attendance. The annual report stated: The year just passed has been a most anxious one for your directors on account of the violent fluctuations of the home markets. However, it has proved a fairly successful season for your company.. The smallness of prices has in a great measure been counter-balanced by the except Leija I supply, owing, to a great extent, to the climatic conditions prevailing during the season. During the year the new curing room. was put in hand by the builder,s, and as soon as it is completed the work of fitting up the butter machinery in the old curing room will be put in hand. When this work is completed you will have one of the most up-to-date dual plant factories in the province. During the year Mr. WV. R. Wright resigned his position on the directorate, «nd Mr. P. C. Smith was elected in his stead. The business of the stere department has been well maintained, the salefi showing very little falling off as compared with previous years. The store jnanager, Mr. W. McKenna, resigned his position at the end of the year, and Mr. H. Pennington has been elected to fill the position.

The statistics for the year were given as follows, figures for 1920-21 season being given in parentheses: Milk received for cheesemaking, 11,435,0781 b. (8.912,8731 b. : butter-fat received for cheese-making, 434.343.21 b. (334.324.71 b.) ; cheese made, 1,152,9261 b. (898,279 lb.) ; lb. milk t<V lbs. cheese, 9.91 (9.92) ; lbs. cheese to lb. butter-fat. 2.65 (2.68) ; average test, 3.79 (3.75) ; milk received for butter-making, 377,7501 b. (361,1301 b. ; butterfat received for butter-making, 16,310.91 b. (15,693.21 b. ; butter made, 19,8931 b. (18,585 lb.) ; over-run, 21.9 (18.4) ; average test, 4.31 (4.34) ; manufacturing cost, 3.80 d per IH. but-ter-fat (4.06 d per lb. butter-fat) ; other charges to f.0.b., 1.15 d per lb. butter-fat (1.39 d per lb. butter-fat) ; paid suppliers (including interest on shares), 15.24 d per lb. butter-fat (23.64 d per lb. butter-fat). Average grades: Cheese, 90.75 (91.09) ; . creamery butter, 88.25 (90.18) ; whey butter, 89.17 (88.70). Whey butter to 'the value of £2113 5s 6d was , manufactured during the year.

In moving the adoption of the report and balance-sheet, the chairman said taken all through the year had been fairly satisfactory. One pleasing thing was that the cost of manufacture showed a considerable reduction. They had not effected the best sale of their produce; however, he considered the payout was quite up to the standard of other factories. He considered the balance-sheet quite satisfactory. Tn regard to the store account, there had been some misunderstanding, but this had now been straightened out. Tl4* l auditor submitted a report In which he stated the missing vouchers had been found, and he was now satisfied with the accounts. The store had made a. good turnover during the year, £ll7 worth more goods being sold than during the previous year, and in addition to repairs and interest the overdraft had been reduced considerably.

Mr. P. Brophy seconded the motion to adopt the report and balance-sheet.

A number of questions were asked in regard to the working of the store department during the year and the keeping of the accounts. These were answered by the chairman and secretary to the satisfaction of the meeting, and the report was adopted without further discussion.

Messrs. H. R. Neilson and P. C. Smith were the retiring directors, and again offered themselves for election. Messrs. H. Campbell and W. Corbett were also nominated. The ballot resulted: Smith 275, Neilson 171 (elected), Corbett 155,* Campbell 110. Mr. G. W. Rogers was re-elected auditor.

At the conclusion of the annual meeting an extraordinary general meeting was held to consider the fallowing resolutions: (1) That the capital of the company be increased to £12,000 by the creation of 4000 shares of £1 each; (2) that article 3 of the Articles of Association be altered by the substitution of 131 b. for 191 b.

In regard to the first, the chainman said they had all their shares allotted, and whilst suppliers had to pay the levy they were not entitled to a shareholders’ privileges. As to the second, he -thought this was a very good idea. Suppliers wishing to take up shares in the future would be required, by the proposed alteration, to take up one share for every 131 b. of butter-fat supplied in December. If this were not carried, future shareholders would-be having the advantage of all the improvements which had been undertaken without having to contribute towards the cost. After a short discussion both resolutions were carried unanimously, the second being subject to confirmation at a subsequent meeting.