DAIRY COMPANIES.

Hawera Star, Volume XLVII, 25 July 1928, Page 4

DAIRY COMPANIES.

ANN UAL MEETINGS STRATFORD.

Mr. J. B. Richards, chairman of di lectors presided, over the filth annual meeting ol tiic Stratford Farmers L-o-operatne yesterday, about 70 suppliers ueing present. ju.o chairman congratulated the company on a very sue cssful season, the salient features being the deeiea.se in cost of manufacture and also expenses to f.o.b. The former bad shovrn a decrease of 1.41 per Hi of butter and .91 in cheese while the latter had been reduced from 2.55 and 3.51 respectively to 2.43 and 3.43. The pay-out, he said, had. up to date, totalled 16.61 for butter and 16.84 for cheese, while suppliers of casein had received 2.09. The supply of butter-fat had shown an increase on last year of 70.003- lbs; equal to 3 per cent, for the season, very satisfactory considering the very dry season.

The growth in the company, said the chairman, had been remarkable, and tho output was now 670 tons- of butter and 1300 tons of cheese. Tlie financial position way very sound and reflected great credit on the directors in the past , who had been responsible for the policy of paying for assets and having a /•’ edit balance in hand. The grading figures showed a small proportion less of finest butter and elreese for the season, due, he considered, to a tightening up of the Department in grading. The yield over all the creameries l had been 2.58 in tbe average and the test 4.24, last year’s yield having been maintained in spite of an increase in test. He added that one per -rut. in yield on a 10(1 per lb sale meant Id per lb additional payout. In conclusion, lie paid a tribute to the good work of the manager and staff.

MIDHIRST. Mr. \V. Vickers (chairman) presided over the 33rd annual meeting of the Mid hurst Dairy Company yesterday, when about 150 suppliers were present. The report showed that during the season 35.043,6081bs of butter-fat had been received (as compared with 35,288.6891bs for the previous year). The average test-had been 4.43 (4.44). hut-ter-fat 1 ,G27.6941b5. including 79,6911bs from cream (1.048.9501b51. butter made 1.971 2361 bs n.988.0211b5b over-run 21.0859 (20.5628). The balance sheet showed a surplus of £10,24 8 0s Bd. which would- suffice to pav a first and final bonus of 1 5-Sd per lb butter-fat- over tbe fat supplied from September 1 to Mav 31. making an average of Is 6d per lb for the season. with 2d per lb for casein, making a total of Is 8d per lb. There would be a further amount to come from the New Zealand Casein Company in July, i which with the amount of £IOO7 3s 8d /already in hand, would be paid out as a bonus in August. The cost of manu-Pnctiiv-Q was 1.48 d clast season 1.52cD. The total receipts for butter, etc. had Kern £137.591 2s Id. and for casein £14.794 13s 4d. Sneaking +o tbe motion of adoption, the chairman said the pay-out ranked with the highest butter factories in tbe Dominion and working expenses had sb-own a decrease. Despite the- dry season and a ebnseouent small decrease in output, tbe better nrices enabled the tot-a.l amount paid- to suppliers- to be increased by £9482. while about£2"l 7 has- yet- to come. He commented favourably on the work of the new casein plant and the year's- trading for Die store. U° referred to the- purchase pf 40.090 hnit+e-r boxes .at. a reduced figure, and said this would lie as oood ns a reset-re- arrjost loss on the Box Company’g- -shares.