HAWERA DAIRY COMPANY.

Hawera Star, Volume XLVIII, 11 July 1924, Page 3

HAWERA DAIRY COMPANY.

ANNUAL REPORT. The annual report of the Hawera Co-operative Dairy Factory Co., Ltd., for the year ended June 30, 1924, to be piesented to the annual general meeting of shareholders on July 28, states: Last season’s estimate of pay-out was Is 7Ad per lb butter-fat, and this estimate was exceeded, the final payment for the 1922-23 season bringing the total up to Is 7.77 d per lb butter-fat. This season all butter and cheese made has been sold, and. it has been possible to arrive at the final payment for the season, which will be 2d per lb butterfat on the supply from July to January, and 4d per lb butter-fat on the supply from February to June. This brings the total up to Is 7d per lb butter-fat for the 1923-24 season, and the final payment will be made on the day of the annual meeting. Interest on shares has been allowed for as usual, and absorbs £ll6B 6s 3d, also the levy under article 23 of the company’s articles of association, which amounted to £2067. The retiring directors are Messrs H. Barr, H . E. Johnson, and AY. H. Reynolds, and they offer themselves for re-elec-tion. It will be necessary to appoint an auditor and fix his remuneration. Mr V. B. Stratton does not seek veelection, and your directors desire to record their appreciation of his services to the company'. Statistics attached to the report are as follows, the first figures in each case being those for 1924, the second those for 1923, and the third those for 1914: Pounds of milk received, 52,465,791, 55,461,436, 32.736,786; pounds of but-ter-fat, 2,101,982, 2,215,909, 1,231,520: average test, 4.006, 3.99, 3.76; total charges (including repairs, depreciation, and interest on shares) up to f.o.b. ocean steamer on butter and cheese, worked out at per lb butter-fat, 3.84 d, 3.78 d, . Used for cheese-making: Pounds of milk, 29,693.557, 32,094"884. 29,801,404: pounds of butter-fat, I, 1,275,694, 1,113,502; pounds of cheese made, 3,059,058 (1365 tons 13 evvt Oqr 211)), 3.367,535 (1503 tons 7owt lqr 311)). 3,005,625 (1341 tons 15cwt 3qr 21.1 b); pounds of milk to make lib cheese, 9.706, 9,530, 9.91; pounds of cheese from 11b butter-fat, 2.737, 2.639, 2.699; average test. 3.76, 3.97, 3.73. Used for butter-making: Pounds of milk. 22.772,234. 23,366,552. 2,935,382; pounds of butter-fat. 984,568 , 940,215. 118.018; pounds of butter made (including starter butter). 1,197.412 (534 tons Ucwt Oqr 201 b), 1.139.315 (508 tons 12 ••wt lor 231 b), 136.151 (60 tons 15cwt 2qr 151 b): pounds of milk to make 11b butter. 19.37, 20.94, ; overrun. 19.34. 18.64. : average test. 4.32, 4.02, : pounds of butter made from 11b of butter-fat, 1.1934. 1.1864, i : percentage of unsalted butter to total butter manufactured, . 4.54. .