THE NEW ZEALAND CO-OP. PIG MARKETING ASSOCIATION, LIMITED

Press, Volume C, Issue 29625, 22 September 1961, Page 15

THE NEW ZEALAND CO-OP. PIG MARKETING ASSOCIATION, LIMITED

29th Successful Year

It was gratifying to be able to report another successful year’s trading in all departments and yet another record turnover, said the Chairman of Directors of the New Zealand Co-operative Pig Marketing Association, Limited, Mr W. A. Phillips, at the twenty-ninth Annual Meeting. Some 250 shareholders from all parts of New Zealand were present. Turnover, including that" of its Subsidiaries, was £5,295,000, an increase of £40,000 over that of the previous year, said Mr Phillips. With the continuing loyal support of its shareholders, as in the past 29 years, the management was confident of further progress in the current year. Mr Phillips went on to state that the Company’s Subscribed Capital now stood at £413,000 and was paid up to £172,000, while, the com-

pany’s effective operating funds had now reached a total of £1,040,000. Year-ending Final Pay-

ments to suppliers of Pigs, Bobby Calves, and Boner Cattle amounted to £177.000 and it was certain, said Mr Phillips, that these Final Payments, when added to the Advance Payments made at the time of receipt of livestock. would leave no room for doubt with suppliers, that they were well repaid for their support of their own co-operative company. N.Z. Operations The dairy farm livestock handled during the year, including pigs, bobby calves and cattle, totalled 569,000 head, said Mr Phillips. The company’s operations extended over both islands, as did also those of its Subsidiary Bacon Companies. The Chairman outlined the considerable advantages to suppliers in having a national spread of bacon factories to process its baconer collections and distribute the manufactured product direct to the retailer by its fleet of insulated vans. These advantages were again conspicuous last year, when export markets offered a much lower

return for all classes of pig meat than that procurable on the local market.

The Company's four Kiwi Bacon Company subsidiaries in Auckland, Palmerston North, Christchurch and Milton (Otago), had continued to expand, said Mr Phillips, and their distribution of manufactured pork products now accounted for a substantial share of this market.

Continuing, Mr Phillips said that last year’s local demand for baconer pigs produced the highest average return to producers on record in the industry, and that market prospects for the current year remained bright for producers. It is also worthy of mention that the value of pig meat to producers has remained at record levels whilst on all other classes of meat, values had shown a substantial fall. Mr Phillips reminded suppliers of the company’s very substantial baconer needs to satisfy the requirements of its bacon factories and appealed to them for emphasis on their baconer production for supply to the company in the current year. Less Skim Milk The production of dried milk products continued to make inroads on the supply of skim and whey milk for pig food, said Mr Phillips, and was showing its effect on pig meat surplusses for export. The increasing manufacture of both cheese and casein would further deplete supplies of pig food, but this notwithstanding, available supplies were still ample to greatly increase production if the will to do so asserted itself. In his concluding remarks. Mr Phillips drew attention to the fact that over the past 29 years, the company had been developed into a very sound and progressive marketing organisation, and that its future progress and consolidation depended only on the sustained and increasing support of the company’s cooperative services to producers. —-PB.A.