DAIRY INDUSTRY.

Hawera Star, Volume XLVII, 20 August 1928, Page 12

DAIRY INDUSTRY.

ANNIU-AT, AIEFTING OF SFIAtRE-

HOLDERS

WHGNUAIvU-RA. COMPANY

The 27 th annual meeting of the Wfo«iiuuKunb Dairy .Cbmpany was held on wuitui’day, Air .if. Parsons presiding over an autend-anee of nearly fifty snarehoklers. Toe directors’ annual -report read as follow®: “The pay-out to date has been Is 7d for cheese and Js 4.64 cl for butter, and further payments to he made will bring the amounts up to Is 7i<l and Is sid, respectively. The retiring directors j are Messrs Back and Honey fie Id, and they offer themselves for re-election. Mr ALurphy has tendered his resign a tion, as he is leaving the district, and it will be necessary to fib! the vacancy. Statistics were as follow: Pounds of milk received, 15,738,767 ; pounds of butter-fat (milk), 626,778 ; pounds of buter-fat (cream), 189,796; average test (milk), 3.98; average test (cream), 38.42; average lbs of butter-fat per cow, 221; total charges (including repair® and depreciation, but not including interests on shares) up to f.o.b. ocean steamer on butter, cheese, and casein, worked out at per lb of bu-tte-r----fat, 3.65 d. Used for cheese-making. —Pounds of milk, 11.589,440; pounds of butter-fat, 459,035; pounds of cheese made (factory packing weights, less 2.) per cent, shrinkage), 1,232,289 (550 tons 2owt Oqrtei 91b); pounds of milk to be make lib cheese, 9.3878; pounds of cheese to lib ibuttor-fat, 2.6890; average test, 3.96. , . _ . . Used lor bnitter-making.—Pounds of milk. 4,149,327; pounds of butter-fat (miiilOi), 167,693; pounds of cream received, 493,997; pounds of butter-fat (cream), 189,796; pound s of butter made (excluding starter butter), 428,004 (191 tons Gowt 3qrs Sib); over-run 19.8649; average cream ;test, 38.42; ■ average milk test, 4.04. AVhev blitter made: 1.4 tons Qcwt 2qrs 161‘b. ...... Statistics, main factory: Pounds of iiul'lk .received, 1.1,756,968; pounds or butter-fat (not-.including starter), 466,331; pounds of cheese, made (factory packing weights, less 2i ]>er cent, shrinkage), 1,232,2891 b; average test, cheese, 3.90; butter, 4.04. Pura Pu,ra (butter-making).—-Pounds of milk received, 2,151,223; pounds of butter-fat, 86,945, casein made, 46 tons °cwt Oq.rs. 41b; nomids of nitrogen, 7,438.66. ‘ , . . „ . Westhcilm (bu tter-m ale i ng).—Ron nds of milk received, 1,830,576; pounds of butter-fat, 73,502; casein made, 4/ tons 9ewt. 3qrs. 261 b; pounds of mtroge n, 6,568.22. Moving the adoption of the report and bailaiice-sheet the chairman said he considered that the results of the season, when the dry spell was allowed for, were satisfactory and the supply well maintained. The milk showed an increase of 416.6601b5, butter-lat 3.163 lbs and cream 24.079!b5. There was a slight decrease in -average test. The disposal of the last season’s pro-' ditee had, said the chairman, occasioned the directors.much, thought and seeing that there was. no proof of the high prices offered at the opening, would be continued, they resolved to sell hall or the output. The average for the second half was 8 7-Rd per lb, while the amount above the contract 159 tons had realised 9 5-Rd. Butter was sold till October at Is sd. Alter the lva t , season -a consignment policy was adopted but the Christmas market proved disappointing. Fifty tons was -sold locally, at an average of Is 4.6(1. Tiber a! advances weie -available because ol the f.o.b. sales, and the sea-son's payout resulted in Is 7.jd pins 1-Rd for finest, and Is SJ-d for butter. The lieavv running cost of the branches, he said, was iesponsib e lor the payout not being better and "as resolved to close West holm bra lien. This with careful attention to details would help to- largely reduce costs ol manufacture. There was a loss on casein at the branches and the plant ami buildings- at Westholrn would be sold. It was estimated, that there was a loss of £1999 on the branches. Referring to quality the (ilia inn an congratulated suppliers on their ear© and attention Lo in-ilk isupplies ami by means of -grading of milk, a. cheap lair ami effective method- of control, and a great improvement had been ell eel eel. Cheese- grading reports were the most satisfactory for many years and the co-miina.ily had- secured 12th place in the list of factories. He thanked the- directors, secretary, mia-linger and staff, lor consistently good work. In -reply to a question, the chairman said they were going to do their best for Pura Pura factory and hoped suppliers' would ‘second’ the effort. Referring to figures in the halanoe--payout not. being better and it was tons of cheese, aid 54,042 lbs of fart. ■HBf.nd tlie branches been working on own thev would not have paid out HHvlthiin lid of the min in factory. OartHHRge was -largely responsible for high ~ ’ there foine: an increase of £SOO dip- to cream cjollecting. iPti-ra. Pura, paid the chairman, had turned on the best casein in the Dominion. • inor to supplier. h-e addo a ttiat thi- n-cisit-Mon of the company was very sound. -Carting, if cut out. would save IVd per lb of -fat, and it- was estimated tlint the two branches were responsible for a loss of 2-1 to the main factory.J

The re-port and balance-sheet were adopted. Messrs Back, Hioneyfield, W. Do-wald and J. Smith were nominated fo-r the directorate which Air D. Hurley retired because of leaving the- district. Messrs Smith. Back and FTonevfiekl were elected. Mr J. D. G. Thomson was re-elected auditor -at the- same fee as last year. The chairman’s honorarium was fixed a.t £SO. Mr Parsons refusing to accept an honorarium of £IOO. Mr Murphy proposed that directors’ fees be increased to _ 15s per meeting, but the meeting decided to grant 10s per meeting. Air Dwyer gave- notice of Ms intention to move at the next annual meeting to eliminate proxy voting. At the fi-rst meeting of the new board Air Pan-ions wa-s re-elected chairman.