TAUWHARE CHEESE FACTORY.

Waikato Argus, Volume XI, Issue 1009, 30 July 1901, Page 2

TAUWHARE CHEESE FACTORY.

The annual meeting of the milk suppliers of the above factory was hold at the offices of the New Zealand Loan and Meroan ile Agency Company, Limited, Hamilton, yesterday, and there were present: Messrs A. Ramsay, James Shaw, J. Guest, B. S. Jones. G. Grigsby, D. Shaw* O. Ramsay, S. Tickelpsnny, W. Waltam, C Green, F. H. Worthington, C. Shaw, W. K. Jones ami G. W. Same, in the chair. The annual report and balance-sheet were read as follows: —The total quantity of milk received was 2,319,7061b5., containing 85,3051b of puie butter fat, the average butter-f at percentage of the milk, therefore, being 3 - 67. The total quantity of commercial cheese manufactured was 219,2741b. The average weight of milk uted to make each pound thereof was 10'571b. The average weight of commercial cheese made from each pound of butter-fat was 2'571b, The total cost of manufacturing each pound of cheese sold was - 80 d per lb. The amount already p«id to suppliers for their milk is £2348 4s 7d, and adding the surplus available for distribution, £ll7B 5s sd, the total payment to •uppliers equate per I#» of butterfat, after paying Is per lb for all the butter-fat supplied during the three winter months.

Balance-sheet at 30th June, 1901 : Liabilities: To New Zealand Land Association, Limited, balance due, £855 12s 3d ; to profit and loss account, balance, £1,178 5s 5d ; total, £2,033 17s Bd. Assets : By property, premises and plant, £855 12s 3d ; by New' Zealand Loan and Mercantle Agency Company, Limbed, £782 13s Id ; by stocks on hand—sundry material, £46 0s 4d ; cheese, £349 12s; total, £2,033 17s Bd. Statement of revenue and expenditure : Expenditure : To milk account—payment to suppliers, £2,348 4s 7d ; to charges account—wages, £272 5s 7d ; to cases, £lOl 8s lOd ; to bandage, cloth, etc,, £43 2s 2d ; to rennet, annatto and acid, £34 I6s 9d : to fire insurance premium, £l2 7s 6d ; to interest, £5 12s fid ; to coal, £54 13s 3d ; to salt, £l2 4s lid ; to cartages, £4B 2s 6d ; to stationery, postages and telegrams, £4 12s 7d ; to depreciation of property, £54 7s 5d ; to rent, £54 12s 6J ; to sundries, £35 11» 3d ; to profit on year’s working, £1,105 11a 3d; total, £4,187 13s 7d. Revenue : By cheese accountcheese sold, £3 755 11a 7d ; by cheese on hand, £349 12a ; by rent of piggery, £B2 10s; total, £4,187 13s 7d. Profit and loss account Profit: To profit now available for distribution to milk suppliers, £1,178 5s sd. Loss: By balance at 30th June, 1900, brought forward, £477 6s 7d ; to surplus on estimated value 1900 cheese, £7l 10s ; total, (less bonuses paid to suppliers, £476 2s sd). £72 14s 2d ; by profit on working at June 30th, 1901, £1,105 lla 3d ; total, £1,178 5s sd. We have audited the books of the Tauwhare Cheese Factory, and compared them with the vouchers, and have found them to be correct. —F. H. Worthington and James Shaw, auditors. The were adopted and general satisfaction was expressed with the result of the year’s working. It was stated that practically the whole of the output of cheese had been sold in the local markets by the agents, the New Zealand Loan and Mercantile Agency Company, and the quality had been such as to give entire satisfaction to consumers, and secure for it most favourable reports from the Government graders and most important of all, enable the agents to obtain top prices. The suppliers felt that a large measure of credit was due to Mr Jackways, the factory manager, whose efforts to turn out a first-class article had been untiring. It was unanimously resolved that the conditions as to the supply of milk to the factory for the ensuing season be the same as those in force hertofore, and after some farther detail business had been transacted the meeting terminated with the usual compliments to the chair.