BRITISH DAIRYING

Evening Post, Volume CXXI, Issue 129, 2 June 1936, Page 12

BRITISH DAIRYING

USE OF SURPLUS MILK

The British Milk Marketing Boardis fast becoming a big direct manufacturer of butter and cheese, and is bu>ing and equipping, and building, factories in variouL parts o£ the country to deal with surplus milk. "One-third of all the milk produced in this country is sold to manufacturing firms at the absurdly low average price of 5d per gallon," said an oilicial of the board in an interview with a London journal. •'Our business is to sell all we possibly can in liquid form, but both supply and demand make big fluctuation* and the board wants to be able to utilise the whole supply, however large in the best interests of the farmer and of the community." Factories manufacturing butter and cheese from surplus liquid milk are being added to in Cornwall, Cheshire, and South Wales, and existing factories are being equipped with the most modern plant and machinery. Where skim milk is available it is being used in stock feeding.

PETERS ICE CREAM YEAR The account of Peters Ice Cream Company. (N.Z.), Ltd., Auckland, show a net profit of £2790, an increase of £1046 for the year ended April M. The dividend for the year has been reduced from 8 per cent, to 6 per cent, reauiring £900. Directors' fees absorb a further £100 and the floating balance | fs increased from £1485 to £3275. The directors state that, in spite of adverse weather conditions, an increased quantity was treated. Three branch factories were established. Owing to increased business offering, the company was a?ain extending its premises ■at Newmarket and purchasing additional refrigerating plant. It is proposed to increase the capital of the company from £15,000 to £25,000 by the issue of 10,000 additional shares of £1 each. The company's total assets have increased from £19,621 to £22,684.

ROBINSON ICE CREAM DIVIDEND. Directors of Robinson Ice Cream Co., Auckland, report a net profit for the year of £3773. The sum of £3616 was written off as depreciation, and £llbd provided to meet income tax during the year. A total of £11,515 was exoended on new and up-to-date additions to the factory and plant. The directors recommend payment of a dividend for the year at the rate of b per cent., payable on June 10.

PRICE OF EGGS. First grade eggs were quoted on the Wellington wholesale market today at 2s 5d to 2s 6d a dozen.