PARKVALE CHEESE CO.

Dominion, Volume 1, Issue 276, 14 August 1908, Page 3

PARKVALE CHEESE CO.

PAYS 12Jd. FOE BUTTER-FAT. ' .TIIO eighth annual report of the Parkvalo CoToperative Dairy Company, to be presented t-o .'shareholders--°at Carterton, on "Wednesday, August :19, states-that the factory was opened on September 2, 1907, and closed on Juner3, 1908; during- which" time 3,473;4171b. of milk wcro received, .beiing a decrease of 1,774,8271b.-' on last' season's'supply. .This is for by the*yery dry season and also on ao-' count of the largest property from which last season's supply was drawn having changed ownorship. The yield of butter-fat was 132,-, 062.081b., from- which 334,8631b. of cheeso wero made. ■ Each pound of butter-fat yielded 2.531b. of checse, -and each pouiul of cheeso required 10.371b: of milk: The'tests ranged from 3.2 to'6,'the,average being 3,8'. 140 tons of cheeso wero snipped to London, tho'bal-'-' ance 'being -'available 'for tho New Zealand trade.- : ; '

After setting aside £66 14s. as a-dividend of 6 per cent, on the subscribed capital, and writing £55 lis. .lid. oft for the'depreciation of plant and buildings, there remains i a-bal-ance-of £1788 7s. Id. due to suppliers, making tho actual price paid per pound of but-ter-fails. ; o}d.v.:equal t6;4.89d;-por-gallon of' 10^lb. "of-imilk. diJlhraff diredttsrs" Gaskin,.N;.Johnson, 'and-'WiW-l' Ellis) retire,, and tntPclfii'Sfc! Wff <s®er«thteaS6lV(i§ "fijf!- Mekction'. ■ .- •••

;„The : cheese' 1 sold-' during the-year" realised £7870 55.-9 d- - Tho suppliers •to'the'factbry number'about. 40.