DAIRY FACTORY RESULTS

Evening Post, Volume CX, Issue 49, 26 August 1930, Page 12

DAIRY FACTORY RESULTS

It is with a certain amount of hesitation, states the "New Zealand Dairyman," that dairy company directors present their annual balance-sheets to suppliers this year. Owing to a fair amount of unsold produce and the possibility of refunds and reclamations, final adjustments presented particular difficulties. So much is certain, of course, that the season's returns will be well below last year's, and as fairly high advances were made during the earlier months, the usual bonus will, in many instances, be conspicuous by its absence. The same authority gives average prices, paid for butter-fat over 28 years, ranging from 9.80 d, per lb in 3901-2. 12d in 1913----14, rising between 1915-16 from 16.82 dto 24 56d in 1917-18, and up to 33d for 1920----21. Then the price fell away to 16.15 din 1921-22. lifting next year to 19.50 d, and standing at roughly ISVkI to 18%d^ for three years following; receding to 15.27 d in 1926-27, rising again to 17.12 d for 1027----28, and reaching 18% d for 1928-29. The average for last season, when all are worked out, should show a decline on the 18% d average. However, in the case of three North Auckland co-operative companies, whose balance-sheets have been analysed for the ."Dairyman" by Mr. Or. J. J Feil, F.1.A.N.Z., returns are 14.92 d per lb; 20.02 d per lb, and 18.08 d per lb. The 3929-30 average may approach, if not reach, the desideratum of 18d per lb when skilled examination of all data available is completed.