DAIRY COMPANIES.

Hawera Star, Volume XLVIII, 12 August 1924, Page 7

DAIRY COMPANIES.

WHENUAKURA. f (From Our. Own Correspondent.) The annual general meeting of ,the shareholders of the Whenuakura Cooperative Dairy Company was held at the factory at Whenuakura on Saturday afternoon last, Mr. W. H. Southcombe, chairman of directors, presiding over a large attendance. In moving the adoption of the bal-ance-sheet, the chairman said the company had had a very successful year, and would, he thought, compare with any other cheese factory, and he hoped suppliers would do their best to increase the supply. He also congratulated the staff on the good work done during the year. After several questions had been answered the balance-sheet was adopted. Messrs F. Parsons and F. Besley were elected to the directorate. In thanking shareholders for re-elect-ing him, Mr. F. Parsons exhorted them to use their best endeavours to see that nothing but good milk was brought to the factory,' remarking that it was impossible to produce ' a first-class article from inferior milk. ;. For the position of Messrs J. K. Mitchell, J. Thomson, and Burdekin were nominated, Mr Thomson being elected. Mr. W. Back, moved the motion standing in his name: “That the rate of interest to be paid on fully paid up shares be fixed at the annual meeting each year.” In speaking to the motion Mr. Back; said his reason for moving in this direction was because, in the first place, he thought it was unfair to pay interest at all, and secondly, because he thought that before any interest was paid, the supplier should get all that was earned by his produce; but if interest was going to be paid, then let thfi_rate be fixed after the result of each year’s work was known. The motion was seconded bv Mr. J. M. Hurley. Mr C. Honeyfield moved as an amendment, “That interest at the rate of 4 per cent, be paid annually on all fully paid up shares.” Seconded bv Mr. Hotter. On being put to the meeting the amendment was declared carried A long discussion took place over the question of whether non-share-holders supplying cream should be put on the same footing as those supplying milk, and it was eventually decided to leave the matter in the hands of the directors to fix up. ■ Before the close of the meeting, Mr. C Honeyfield mentioned that efforts were being made to raise funds for the erection of a hall at Whenuakura, and he would like those present to assist the committee in their endeavours. Mr. J. T. Bourke had very generouslv given a fine site for the building, and following on the lines of what was done by the Lowgarth settlers when raising funds for a hall, he w'ould ask them to raise one calf each for the hall fund, and to those who did not milk he would suggest the gift of one lamb. By such means a very fine addition to the funds already in hand would be made without any hardship to anyone. The chairman thanked the members for their attendance, and hoped the ensuing season would be as satisfactory as the past season. A hearty vote of thanks to the directors and staff closed the meeting. At a meeting of the directors held after the annual meeting Mr. W. H. Southcombe was re-elected chairman. It was decided to join the proposed Soiith Taranaki Dairy Companies’ ederatiou.

MANGATOKI. The twenty-fourth annual report and balance-sheet to be submitted to the annual general meeting of shareholders of the Mangatoki Co-op. Dairy Co. states: In presenting the twenty-fourth annual report and balance-sheet, your directors have again to report an increased output. With the exception of a small amount of home separated cream and of the supply during the winter months, the whole of the milk received was manufactured into cheese, which has all been consigned. At the time of closing the books some 160 tons was unsold, and has been taken in lit 85s, London. With the present market prospects a substantial credit balance is likely. Progress payments of Is 4d per lb for July, November and January, Is 6d for August, September. October and December, Is 2d for Ferruary, and Is for March, April, May and June have been made, making an average payment for the season of Is 3.6 d per lb butter-fat. After providing for depreciation £IOOO, and allowmg for interest on paid-up capital £950, the balance, as . disclosed by the balance-sheet, available for distribution will bring the year’s payment to approximately Is 5.6 d per lb butter-fat or a further 2d per Hi. Of this amount a further payment will be made on August 20 of per lb for the month of February, and 3id per lb for the months of March, April, May and June. Your directors recommend the payment of 5 tier cent interest on paid-up capital. Matters in connection with shipping will be dealt with by the chairman in his annual, address. The t retiring directors are Messrs Marx, Pease and Anderson, who are eligible for re-election. You will be required to appoint an auditor. Mr Burdekin’s services are again available. The following statistics were attachto to the report, the figures for 192223 being given in parentheses: Total pounds milk received, 33,754,186 (32,681,215) ; total pounds butter-fat. I’n (1,315,155); average test, 3.945 per cent (4 per cent); total charges, including depreciation, per lb butter-fat to f.o.b. ocean steamer f.344d (3.904 d). Used for cheesemaking: Pounds butter-fat. 1,236,524 (664,348); pounds cheese made, 3,339,123—1490 tons 13cwt 2qr 111 b (1,722 - 482—768 tons 19cwt lqr 61b); yiel<f"of cheese from lib butter-fat, * factory "eight 2.71 b (2.6641 b); commercial weight, 26321 b (2.5971 b). Used for ™ tt s'.'~ niakinK: Pounds butter-fat, 110,(06 (668,807); pounds butter made, 133,431—59 tons llcwt lor 111 b (789.(13—306 tons llcwt lqr 131 b); overrun, 20.51 per cent (18.11 per cent); pounds whey butter made, 71,792—32 tons lcwt (33,992 —15 tons 3ewt 2qr) • e / y ., wh€ y butter P cr ton cheese: 48*Jb (ml). M ANUTA HI. The fifteenth annual report to lie presented at the meeting of the Manutahi Co-op. Dairy Co. states: — The proceeds of the produce already disposed of has enabled your directors to make a payment to the suppliers of Is 3d per lb butter-fat over the season just closed, and the balance carried forward will provide for a further small payment when the balance of the produce now on the' water is disposed of. Tou will be asked to appoint an auditor and fix his remuneration. Mr J. f). C Thomson again offers his services to the company. You will be asked to elect three directors in place of Messrs H. S. Scown. A. F,. Wills and H. Hamilton, who retire by effluxion <f time. These three gentlemen again, oiler themselves for re-election.

The summary for seasons 1919-20, 1920-21, 1921-22, 1922-23 and 1923-24 is as follows: 1919-20.—lbs milk, 7,350,773; lbs butter-fat, 274,942; lbs of cheese, 724,025; lbs milk to lbs cheese, 9.898; lbs cheese lbs butter-fat, 2.64; cheese test, 3.740; weight of cheese, 323 tons 4cwt 2qr lib; whey, 7 tons 2cwt Iqr; creamery, 1 ton 19 cwt 2or. ' 1920- lbs milk 6,569,235; lbs butter-fat, 246.286.3; lbs cheese, 567,648; lbs milk to lbs cheese, 10.290; lbscheese to lbs butter-fat, 2.59; cheese test, 3.739; weight of cheese; 253 tons Bc\vt lqr 4lbs; whey, 7 tons 3cwt; creamery, 14 tons 3cwt 2qr 91b. Clieese-making. 1921- lbs milk, 2,844,290; lbs butter-fat, 111.076.1; lbs cheese, 298,198; lbs of milk to lbs of cheese, 9.87; lbs of cheese to lbs of butter-fat, 2.63; cheese test, 3.9; weight of cheese, 129 tons lcwt Oqr 261 b; whey, 2 ton£ .Scwt Oqr 91b. ' 1922- lbs milk 4,105,409; lbs but-ter-fat, 154,365.4; lbs cheese, 407,484; lbs milk to lbs cheese 10.07; lbs cheese to lbs butterat 2.64; cheese test, 3.75; weight of cheese, 18l tons IScwt 2qr; whey, 2 tons 13cwt 2qr. 1923- lbs milk, 7,854,126; lbs but-ter-fat, 304,614.1; lbs cheese, 526,329; lbs of milk to lbs of cheese, 9.5; lbs cheese to lbs butter-fat, 2.61; cheese test, 3.877; weight of cheese,.369 tons 17cwt 3qr 211 b. Butter-making. 1921- lbs milk, 4,696,820; lbs but-ter-fat, 177,098.3; lbs butter, 209,897; lbs milk to lbs butter, 22.48: test, 3.79; overrun. 17.95; creamery, *93 tons sewt Oar 171bs. 1922- lbs milk 4,498,720: lbs butter-fut, 177.531.9; lbs butter, 226,-i 825; test, 3.79; overrun, 18.5; creamery, iOl tons.scwt Oqr 251 b. 1923- lbs milk, 658,756; lbs butterl’at, 25,240.5; lbs butter, 47,894; test, 3.66; overrun, 18.08; creamery, 21 tons 7cwt 2qr 14lbs; whey, 10 tons lcwt, 2qr 21bs. Cream.—39,6B4, 13,88-4 (1922-23). 40,347*, 15,346.1 (1923-24). Total foir Season. 1921- —lbs milk, 7,541,110 (increase 972,875); butter-fat, 288.174.4 (increase 41.881.1); test, 3.82 (increase .08). 1922- —libs milk, 8,004,129. crease 1,063,019); butter-fat, 331.895.3 (increase 43,920.9); test, 3.80; lbs cream, 39,684; fat from cream, 13,881.4; average cream test, 34.97. 1923- lbs milk, 8.512,882 (decrease 91,247); butter-fat, 329,854.6 (decrease-2.040.7); test, 3.8; lbs cream, 40,347*; fat from cream, 15.346.1; average cream test, 38.03. KAKARAMEA. The fourteenth annual report to -he presented at the meeting of the Kakaramea Dairy Company states: The bal- ’ ance standing to the credit of. the appropriation account will provide for ,a further substantial payment for butteyfaf, supplied. You will be - asked to elect four directors in place of Messrs A. .Pearce, J. Dwyer, and F. Bell, who retire by effluxion of time and are eligible for re-election, and Mr. J. D. Fairweather, w r ho has resigned. You will be asked to appoint an auditor and fix his remuneration. Mr. J. K. Mitchell, your retiring auditor, again offers his services. Statistics for season 1923-24: —For cheesemaking: Pounds of milk, 11,503,894; pounds of butter-fat, 452,293.5; test, 3.93 ; pounds of cheese, 1,175,961; pounds of milk to lib of cheese, 9.86; pounds of cheese to lib butter-fat, 2.5999; average grade, 92.98. For buttermaking: Pounds of milk, 559,666 ; pounds of butter-fat, .27,810.7; test, 4.97; pounds of butter, 32,536; percentage of overrun, 16.9; pounds of butter to lib of butter-fat, 1.1699; percentage of un.salted butter made, 19.9655: average grade, 92.