ECONOMIES EFFECTED

Dominion, Volume 24, Issue 286, 29 August 1931, Page 15

ECONOMIES EFFECTED

Rbngorriai Cheese Company ' - - Masterton, August 28. “During the..past/year/ the whole of the company’s-output of cheese has been forwarded on consignment. The prices realised for the various shipments have .been the lowest recorded for many years; every effort has therefore been made to run the factory as economically as possible,' with the'-.result that the manufacturing and overhead -charges show a decrease on last year’s figures equivalent to within a fraction-of Id per'lb of butterfat," states the annual report'presented to the annual general meeting of shareholders In the Rongomai Cheese Company “The sum of 9d per lb has been advanced to suppliers for butterfat received during September and October, 1930; 8d per lb was paid for the months of November and December, and-from January to May, 1031, the advance has been 7d,” continues tlie report. “It is proposed to pay a further. Id per lb for the months from January to May, 1931, at the annual meeting.” It Is anticipated that the final payout for the season will be.fi 5-10 d. The appropriation account shows a balance available for distribution of £25 12/-. w'hich it was recommended should be Utilised to pay a 5 per cent, dividend on paid-up capital, which will absorb £22. The remaining £3/12/- to be carried forward. ■ .-.AX'-i/"-.,',-, Two retiring directors, Messrs. C. Davie and C. Schnell, were re-elected unopposed. Mr. , T. M. Bedding was re-appointed auditor. Output at Mangawhata Palmerston North, August 28. “The output of cheese for nine months was 428 tons 12 cwt., which is a record for the company, the average payment to date has been 10.55 d per lb, and when accounts are finalised there should ‘ be a further small return to come," states the sixteenth annual report of- tfie .Mangawhata Dairy Company. The total amount of milk used in cheesemaking during the season was 8,937,3801 b, with an average test of 4.05. The average grade of the cheese manufactured was 02.401. ' Whakarongo Company. "It is pleasing to report an increased supply; since the company entered into the butter and casein business the output has been doubled," states the annual report of the Whakarongo Dairy Company, Ltd. It was stated in the report that the plant had been written down by a considerable amount—on this action being questioned by the suppliers, who expressed tho opinion that the company should pay out another id per lb. It was recommended that the item for depreciation be reconsidered ,by the directors, and that they endeavour to.pay tho suppliers another id per lb for butterfat. On the advice of the chairman, the motion was amended to apply to the coming season.