MORRINSVILLE REPORT.

Evening Post, Volume CXVIII, Issue 28, 2 August 1934, Page 14

MORRINSVILLE REPORT.

In reviewing the past year's work of Morrinsville Co-operativel Dairy Company, Mr. F. W. Seifert said in the season just closed, the factory turned out 3053 tons-of butter, representing some' £250,000 if an average of £80 a ton was allowed. There were 470 suppliers, against 90 in 1923, the first year of the company's operations. The company now had 20 factory employees and 13 collection lorries were operating. • The consistent reduction in - production costs each, year was commented upon by Mr. Seifert. He' said that in 1923 there were 247 tons of butter made, the costs to f.o.b, being 2.6 d per lb. This year the output was 3053 tons and the costs to f.o.b. had fallen to .96d, a figure that seemed almost down to bedrock. In 1923, the payout was a shade over Is Cd per lb butterfat, and it had fallen this year to 9.39Gd.

Costs would haye1 to be reduced, and tf interest could be brought down to i per cent, the position would be greatly improved. The local marketing of butter was also discussed by Mr.' Seifert. He said at present one company fixed the price, and the costs and trouble involved made local marketing hardly worth while. It was understood that the Government was about to adopt the Sinclair scheme. It wag not desired to see the price go up by 2d per lb, but an increase of %d or. Id would improve the position. -»