RECORD OUTPUT

Waikato Times, Volume 121, Issue 20269, 11 August 1937, Page 14

RECORD OUTPUT

SUNNY PARK COMPANY. “GOVERNMENT INTERFERENCE.” CHEESE SUPPLIERS’ LOSS. (Special to Times.) MATAMATA, Wednesday. The 21st annual meeting of suppliers of the Sunny Park Co-opearr : ve Dairy Company. Ltd., was held at Te Poi yesterday when there was a good attendance. Mr J. Bell, chairman or directors, presided. The annual report stated that the output during the past season had been 388 tons or butter, 19 tons of whey butrer and 380 tons or cheese. The total supply or butterrat was 1,053,2-571bs, which was a record for the company. The directors report Tor the 1935-38 season had estimated an average pay-out 'exclusive or cartage; or -12.143 d Tor butterrat for buttermaking, arid t3.599d for butterrat for clieese-maklng. The actual final payouts were 12.48 d Tor butter and 13.59 d Tor cheese. The final payments Tor tJhe immediate past season over all grades for butter were estimated, clear or cream cartage, as being 1 3.372 d for butter and 14.609 d ror cheese. The balance of the bonus would be paid on August 20. Chairman’s Views. In his address Mr Bell stated that the operations or the company had again shown an increase In production. The Increase In butterfat supplied had been 40,6561bs and had been wholly In cheese supply. The total output or cheese had been 380 tons as against 229 tons the previous year, while butter had decreased from 459 tons to 408 tons. The Increase In butterrat supplied had been 4 per cent. “We have now had one year under the guaranteed price,” said Mr Bell. ‘‘lt Is not for me to suggest what your opinions are, but I think It Is my duty to point out to you some or the efTects on the Industry. I am sorry to have to talk politically, but with the amount or Government Interference with our business It Is Impossible to discuss It without mentioning politics. The price fixed by the Government last year would seem approximately to balance sales. The cheese side of the account, however, Is very different as, with the exception of two or three weeks, cheese has been selling in England at prices In excess of the guaranteed price, and cheese producers In the Dominion are in consequence heavy losers. Had we been allowed to market our own cheese, on our own account, I feel sure that cheese factories would be paying out somewhere In the vicinity or Is 5d per lb butterrat.” The report and balance-sheet were adopted. , Dividend on Paid-up Shares. The retiring directors, Messrs T. A. Hopkins, H. G. Mudford and J. Kerr, were re-elected unopposed. Messrs Sanson and O’Meara, of Hamilton, were reappointed auditors. On the motion or Messrs J. G. Goodwin and F. Hitchcock the recommendation ol‘ the directors that a dividend or 3 per cent, be paid on rully paid-up shares was approved. It was decided to commence the manufacture or cheese on August 21. It was decided to urge upon the Government that the whole or the surplus In the cheese-marketing uccount be paid out to cheese factories.