BUTTER PRODUCTION

Wairarapa Times-Age, 12 August 1941, Page 5

BUTTER PRODUCTION

MAURICEVILLE DAIRY CO. ANNUAL REPORT. DECREASE IN SEASON'S OUTPUT. (“Times-Age” Special.) The fifty-second annual report of the Mauriceville Co-operative Dairy Co., Ltd., states: “The output for the season was 750 j tons, a decrease of 225 tons compared with the previous year. This was entirely due to a change over to cheese of very many of our suppliers adcouifiing for approximately 400 tons of butter. The very favourable dairy season helped partly to make up for this loss of supply. With our usual supply we would have had an output of approximately 1150 tons. As could bo expected, the decrease in output has resulted in an increase of costs to f.o.b.

"For the ensuing season we expect to lose to cheese factories a further 200 tons of butter. This has necessitated a drastic alteration in the method of collecting cream in those districts where only small suppliers are left.

"In accordance with the Dairy Industry Accounts Regulations. 1939, we have to report as follows: —(1) In respect of the previous year, 1939-40, the estimated season average payout pei’ pound for butterfat (all grades) which was quoted in our last year's report, was 16.057 d which was the amount actually paid out; (2) in respect of the current year: The unsold butter in grading store has been valued at the guaranteed price for export, and the unsold butter at the factory has been valued at Is 3d per lb. Full allowance has been made for all accrued charges, such as levy, freezing and storage, and all charges to f.o.b. The estimated season average payout per pound of butterfat (all grades) which should result from the disposal of unsold butter at values named above, should be 15.6136 d.

“During the season, advances to suppliers were at the rate of 14d per lb for finest butterfat. The average advance payment for all grades is 13.8636 d. The appropriation accountshows a balance of £10,269 13s 2d available for distribution. On July 20 a further payment of Ud per lb butterfat was made, absorbing £10,044 13s lid, and making the total payment for the current season 15.61360 per lb butterfat, all grades. “Your directors recommend a dividend of 5 per cent on paid-up capital as at May 31, 1940. This will absorb approximately £lO9 10s, leaving a balance of £ll5 9s 3d to be carried forward. You will require to elect two directors to fill the vacancies caused by the retirement of Messrs W. F. Rogers and H. C. Mortensen by rotation. They being eligible, offer themselves for re-election. You will also be required to appoint an auditor and fix his remuneration for the ensuing year. Mr A. Keith, A.P.A. (N.Z.) again offers his services. The thanks of shareholders and suppliers are due to the staff and cream collectors for their good services during the year.” The report is signed by Mr V. K. Lemberg, chairman. .