DAIRY COMPANIES.

Hawera Star, Volume XLVII, 13 August 1928, Page 5

DAIRY COMPANIES.

ANNUAL MEETINGS. MELRGsE SUPPLIERS, There was an attendance of sixte< shareholders at the annual meeting . the Melrose Dairy Coinpanyfi on Satu day, Mr. G. W. Williams (chairma] presiding. The statistics for the year erid< June 30, 1928, were: Pounds of mil received, 2,877,553; pounds of butte fat, 115,567; average test 4.01; factoi hay-out per lb butter-fat for last seasc (1926-27), Is 3.77 d; number of su] pliers, 11; number of cows supplyin factory, 512; average pounds of butte fat pef cow, 225; total charges (indue irt'g repairs and depreciation, but nc including interest on shares) up f f.o.b. ocean steamer on butter an cheese, worked out at per lb butte: fat, 4.37 d. Used for cheese-making.—Pounds c milk, 2,762,908; pounds of butter-fa 109,819; pounds of cheese made (fa< fpry packing weights corrected froi grade notes, less 2£ per cent, fo shrinkage), 130 tons, 12cwt. Oqrs. 191 b pounds of milk to make one pound c \cheese, 9.44; pounds of cheese to 11 butter-fat (gross 2.73), 2.66; averag test 3.97; pounds of cheese from 1001 milk, 10.58. Dealing with the past year’s working the, chairman said that the director h'ad 1 decided to' sell to December at Bid fairly close to consignment companies but the figure received for the balanc< turned out to be below the marke realisations'. The business had beei rail well, but f.o.b. charges had beei slightly higher in proportion to th( xhilk supplied. Interest also had beer too high, and a special meeting woulc be held to go into the question. Prospects were good and a large sup ply was probable, which was desirable, because another vat could be used at little extra cost. , Excellent work had been done by the xii’anager and staff, who had run the factory economically and well, and they were to be congratulated on their gobd results. , Messrs W. Dunlop, G. Wallace, and Gf. W- Williams were re-elected unopposed to the directorate. ; Messrs Lehnon and Tristram were reappointed auditors.

RIVERDALE COMPANY’S ANNUAL REPORT. T.he review of the year’s working for Riverdale. to l>e submitted to the annual meeting on August 20, is as below: Pinal returns on the produce handled' under the Dairy Control Board’s pooling scheme during the 1926-27 season realised a much higher figure than was anticipated at last balance, enabling the pay-out for that season to he increased to Is s.}cl. The balance' lias been placed to reserve account. Of the cheese manufactured 1 during the season just closed, the make up to the end of December was sold at BJd per lb f.0.b.. and February to April make at 9d per lb f.0.b., the remainder being forwarded on consignment. The balance from the manufacturing account, after allowing for the payment of interest on share capital, will bring the average pay-out for the season to Is Bjcl per lb butter-fat. The directors recommend the payment of interest on share capital at a rate of four per cent per annum. The successful operations of the store have enabled the directors to return to purchasers 10 per cent on all goods purchased, excluding manures and net items. The retiring directors are Messrs. E. A. Washer and J. W. Snowdon, who, being .eligible, offer themselves for reelectfom Mr. F. G. Willcocks, having left this district, has resigned from the directorate. Statistics. - Milk received, 20,245,8321 b; butterfat from milk, 821,5791 b; average test, 4.058; number of suppliers, 61; average number of cows supplying factory, 3260; average pounds butter-fat per cow, 252; total charges (including export levy, repairs and depreciation) Up to f.o.b. ocean steamer at per lb butter-fat, 3.25 d. Oheesemaking.—Milk received, 19,735,1161 b; butter-fat from milk, 796,9681 b; average test, 4.038; cheese made (checked packing weight), 2,166,9421 b; pounds milk to make lib cheese, 9.10; pounds cheese from lib butter-fat, 2.718; pounds cheese from ,1 1001 b milk, 10.97; whev butter made, I 50,7361 b- ; . .Bhttermnking.—Milk received, 510,- 1 7161 b; butter-fat in milk, 24,6111 b; 1 average test, 4.818; pounds butter : made, 30,268; pounds butter per lib ; butter-fat, 2.2298. 1

PIH AM A COMPANY. A WONDERFUL YEAR, There was a large at ton dance of supplier's at the 31st annual meeting of the Pihama Co-optrative Dairy Company on Saturday, Mr J. D. C'onaglen, •chairman o>f directors, .presiding. 'The results of the year were the "best secured, said the chairman, in his review, since the slump years. He added that they h'ad made a new record 'by putting out nearly a hundred tons more produce than last year. The directors’ report stated: The season has proved very successful, both the cheese, .and butter departments showing a big increase in supply. The directors decided early in the season to follow a selling policy and August, September and October cheese was disposed of. The Nbvember-Deeembef mlake was forwarded on consignment and later in February the January to May make was again sold. Payments have been made to suppliers at Is 7d' per lb butter-fat and the final payment to-day of 1 jd will bring the total to Is BJd, plus i per cent, interest on shares. The butter centralisation was again' carried oh during the season and the quality handled was double that of the previous season. The indications are that this department will show- a big increase again for the coming season. Statistics were as follow (1927 figures in parentheses): — Milk received for cheese-making, 1(5,688,6541b (14,796,6001 b); butter-fat received for cheese-making, 079,170,41 b (59(1,333.91b); cheese made, 1,814,1141 b (1,604,6511 b); lb -milk to 11b cheese, o‘l9 (9.32); lb cheese to lb butter-fat, 2.67 (2.07); average test:, 4.06 (4.04); total milk received, 17,295,5101 b (16,278,0501 b); total butter-fat received, 708513.31 b (069,705.0 Tb); manufacturing cost per lb butter-fat, 2.7'2d C2.64d); other costs to f.0.b., 3.23 d (1.29 d). Favtotv averages were. —lOenfral factory: 8.513,332 Tb milk; 351,365.91 b of bntt'er-f at; 94-1,4851 b cheese; 9.041 b milk to I.lb cheese; lb cheese to lb butter-fat, 2.67;' average test, 4.12. ; fSkee't Hoad: 4,580,3371 b milk; 184, ] 740.61 b butter-fat; 496,9141 b cheese; P.2 lib milk to lib cheese; 2.68 lb j cheese to lb butter-fat; average test, ■ 4.03. Waiteika: 3,594,9851 b milk; 143,063.91 b butter-fat3,594,9851b , milk; 143,063.91 b butter-fat; 375,7151 b , cheese; 9.561 b milk to lb cheese; 2.261 b i

1, cheese to lb butter-fat; 3.97 average 1 test. | CHAIRMAN'S REVIEW, s In. moving the adoption of repor and balance sheet the chairman sai< the results wore very creditable con sidering the dry season, and sfcressei the fact that suppliers were making more use of fertilisers and to obtain ing more from their land. This hac 0 j: taxed to the utmost the central factory r _ and provision would have to be mad< Q \ for an extra vat. This would b( ' easily done because with wise foresighl the directors had allowed extra roon: in the building. The wisdom of this r _ policy had :been amply proved. The chairman said the directors hac (n considered prices ottered last year sc p. good that they could not turn them l(T down, and in consequence they had the line pay-out of Is Bid for cheese, j. The prices accepted were 9id f.o.b. for }t September and October, and January 0 to May 9d f.o.b, while in the middle c | part of the season they decided to r _ J consign. An av erage price of ninepenee over the season had been realised. Tire yield bad been well maintained by the manager, despite the somewhat adverse climatic conditions, and the n use of waxing plants and the help of , r the dairy instructor had been of ma- . terial benefit and had been largely re,l sponsible for the good results secured, k The waxing had saved a considerable e amount in shrinkage, which had been a factor in lessening costs to f.o.b. t and was this season only 11 per cent. Re--r ferring to the previous season the chairs man said that they pay-out had been a halfpenny better tiian lie had esti--3 mated, realising Is 4Jd. This year 3 the position was much better, and lie t had to congratulate cream suppliers on j getting Is 7d per lb for finest, with a , penny per lb as the result of central--3 isation. The turnover in cream had i nearly doubled during the season, the [ realisation figures being £25,000, as against £-13,090. Centralisation had . resulted in a trebling in output on its second year, 70 tons to 206 tons, much ■ more than he could have expected, although in previous years he had fore- - cast a great future for home separation in western Taranaki. Suppliers, too, had increased till they were nearly • double last year. Capable management by the general manager (Mr. A. F. Neilson) and staff had been responsible for a decrease in costs of manufacture of about a farthing per pound, while increased supplyhad assisted in this direction. It had been stated, he understood, that Piliama charged Id cartage, but he would draw attention to the fact that Pihama also paid out Is 7d per lb. A definite guarantee had been given that centralisation expenses would not cost more than one peny. This guarantee had been needed because of the rumours that Pihama wanted the cream to pay off the new factory. This was not so, and the centralisation policy actually resulted in a reduction of manufacturing costs. The use of the deodoriser had been discontinued, because it was necessary , to have a high uniform quality to com- ‘ pete in the local trade, arid this trade had enabled a liberal advance to sup- j pliers to be made. | A new 30cvvt. truck had been pur- , chased during the year to cope with | ] the increased work, and the driver, Mr. . 1 Crofsky, was entitled to credit for his , good work. ‘ The butter maker (Mr. W. Cooke) had done excellcrit work, which had resulted in the Pihama butter having a moisture content of 15.23 per cent., , as compared with the Taranaki average J of 13.8 per cent, for whey butter. This ■ proved that whey butter makers were c not giving the matter enough care, j Pihama gained no less than £350 in j this. way. ~ The average for full cream butter was 15.08, and the very large output was a great credit to the two men employed. u The chairman gave credit for the 5 support of the branch managers and h staffs, and also the secretary, who kept u him well informed on every subject of t value. P

Air. J. S. Tosiand, seconding the motion, said reserves were acemnulating, and he considered they would be able to meet calls on the Box Company shares. A study of all dairy company balance-sheets showed that few had made a. - better pay-out than Pihama. In reply to a supplier the chairman said that while the HaAvera Company Avas paying out Is 9d, that factory was in, a different position from “one roof” factories.

The secretary remarked that Pihama had to pay 11s 6d per ton for transport to Avhile the latter company had the railway line at its door. The chairman, in reply to another question, said directors had been observing the vacuum container system,

and Mr. Tosland gave information on a new system of packing cheese in waxed paper which was being tried out. A question, as to the extraordinary proportion of milk to cheese at Waiteika was answered by the general manager, who attributed it to the drought conditions

The chairman said tlie building ac-

count was dealt with by issuing fullypaid shares to shareholders pro rata.

id eserves had increased, and were made up of balances' carried forward and

shares bought and reallotted. The motor truck reserve had gone when the old truck was sold. Grading fees and port charges were

slightly higher, because of increased output. Boxes, crates, fuel, power, and stores were all increased also, while new trays had more than paid for themselves.

The report and baiac-e-sheet were adopted. Three directors retired by effluxion of time and four were nominated to fill

the positions, Messrs J. D. Conaglen, A. Allan, M. Brophy, and P. O’Sullivan. Messrs Conaglen, Allan, and

O’Sullivan were elected. Mr. 11. J. Newman was re-elected auditor at the same fee. Votes of thanks were accorded the chairman and directors, the ladies (for refreshments), and the Press. At a subsequent meeting of directors Mr. Conaglen urns re-elected chairman.

ELTHAM DAIRY COMPANY

PAY-OUT OF Is 9Jd FOR SEASON

The report to. bo presented at the thirty-sixth annual meeting of the ETtham Dairy Company notifies shareholders that the realisation of last season’s produce yielded a. much better price than was anticipated at the date of the balance-sheet. The total payment to suppliers for 1926-27 but-ter-fat was Is 5d per lb for cheesemaking and ’lsr 4.0 d per lb for buttermaking. The usual policy of consignment had been adhered to, in spite of unusually high prices being offered for f.o.b. sales, and the action of the directors had been justified by the subsequent course of London prices. Suppliers had already been paid Is B.)d per lb lmt-ter-fat for .cheesemaking and Is 5d per lb butter-fat for but term a long, and after estimating unsold produce on a. safe basis the balance in appropriation account would enable the final payment of Is 9ld for cheese and Is 6d for butter. The whole output of cheese from Oc-

tober 20 had been waxed, and this experiment had proved quite satisfactory, a saving of approximately 1$ per cent in shrinkage being effected, while the appearance and quality of the cheese had been pronounced satis>factory to buyers. JULY STATISTICS.

The amount of butter-fat' received luring the month of July totalled 18,3921 b, which was an increase of 46 per cent on the July production last year.

The pay-out for the month of July was Is 6d per lb butter-fat-.

OPUNAKEi DAIRY COMPANY

ANNUAL REPORT,

The annual report to be presented to the annual meeting of the Opunake Dairy Co., Ltd., on Thursday next is as follows :

The twenty-ninth annual report and balance-sheet shows that the season has heen a successful one, the output of Cheese being an increase of 56 tons 14 cwt., and a satisfactory saving in working expenses' has been effected. Cheese manufactured to November 15 was sold on open consignment to Messrs W. Weddel and Co., Ltd., a satisfactory offer /being received, the balance of the output was sold on f.o.b. terms to Messrs W. Weddel and Cb., Ltd.

Advance payments to suppliers per lib butter-fat cm account of cheese-making hiave been made as follows: August Is 6d, Septemiber Is 7d, October to June (both inclusive) Is 6d. Mi’ D. W. Smith tendered his resignation of the position of manager as from March 31. Mr G. Marshall capably carried out those duties fo the end of the year. Mr H. H.. Gilshnan being appointed manager from July 1, 1928.