CITY MILK DEPOT

Dominion, Volume 21, Issue 172, 21 April 1928, Page 10

CITY MILK DEPOT

- SUCCESSFUL YEAR’S TRADING PROFIT OVER £9OOO Reporting on the year’s operations of the city milk department, the. chairman of the committee Councillor W. H Bennett) made the follow ing statement to the City Council last night “Our trading account shows a profit of £9175 10s. Id., which, though less by some £6400 than that of last yeai, is' accounted for by the higher price paid to the producer, amounting to £l4OO this year over that of last yea*, and also to the fact that for foul months of last year the price was 6-'d. per quart to the consumer. Uns accounts for approximately £5OOO. There was also a slight increase in wages granted bv the Arbitration Court during this year. After transferring the above profit to the appropriation account, this account showed a credit balance ot £29,607, from which has

“Of the latter amount on the above schedule £2OOO was for new machinery recently installed, and our freehold propertv has been added to by £3709 19s. BcL, being amount expended so far in the purchase of the new station site. Percentage of expenses to revenue has decreased 0.88 per cent. “The above statement leaves us with £9175 to meet the estimates loss on this winter’s trading, brought about bv the increase in winter cost of milk over and above that charged to consumers. On the whole, the council and citizens are, I think, to he congratulated on the year’s working ot the milk department.” “Very Satisfactory Position.” The Mavor said that he thought the council could congratulate the- chair■man and committee on the very satisfactory position. It had been a very trying year for nil trading concerns—outside the City Council. They had had a verv good veat with all their concerns, 'and it was interesting to find the milk department in consonance with the other trading concerns of the council. The milk committee reported that the daily average milk sales for March amounted to 4996 gallons, being an increase of 5.33 per cent over the sales for the corresponding month of last vear and that the cream sales showed a decrease of 4.99 per cent, on the sales for the corresponding, month ot last year.'

been deducted- items covering:— £ 3. d. Expenditure under section 126 Public Revenue Act 51 10 0 Contributions to era ployees’ superannuation fund 220 18 6 Travelling expenses, . genera! manager’s visit abroad ;•••_• 723 18 3 Balance of preliminary ’ expenses written off .. 1,502 3 6 Transferred to depot reserve fund 4,900 0 0 Transferred to new station reserve fund 10,000 0 0 Alterations to Rahui factory and plant 2,329 18 10 £19,728 9 0