CO-OPERATIVE DAIRYING.

Hawera Star, Volume XLIX, 13 August 1929, Page 10

CO-OPERATIVE DAIRYING.

RIVERDALE COMPANY. ANNUAL, REPORT. The Riverdale Co-operative Hairy Company •will 'hold its 35th annual meeting at Inaha. on Monday. The report to be presented by the directors is as .follows: The final returns for the .previous seasonunsold produce .justified the estimate of Is B§d per lb. average payment. The balance has been placed to reserve account. All produce manufactured during the season just closed was forwarded on open consignment, and at the dosing of the books a. large quantity of unsold cheese was valued at 85s per cwt., London. Upon this valuation, and after allowing for the payment of interest on share capital, the balance from the manufacturing account will bring the average payment for the season to Is 7d per lb. butter-fat. Your directors recommend the payment of interest on share capital at a rate of 4 per cent, per annum. The store has again enjoyed a successful year, and your directors have been enabled to return to purchasers 10 per cent, on all goods purchased, excluding manures and net items. The retiring directors are Messrs E. Bourkc, W. Duggan and W. R. Auton, who, being eligible, offer themselves for re-election. The statistics for the season are as follows, the figures for last year being given also: Milk received, 1929, 20,512,3531 b., 1925, 20,245,8321 b; butter-fat from milk, 843,9251 b, 821,5791 b; average test, 4.114, 4.058 per cent; pay-out per lb. butterfat last season, , Is Bf-d; number of suppliers, 02, 01; average number of cow® supplying factory, 3205, 3200; average lbs. butter-fat per cow, 203. 252; total charges (including export levy, repairs and depreciation) pp to f.o.b. ocean steamer at per lb. butterfat, 3.24 d, 3.250. Used for . cheese -making:. Milk received, 1929, 20,253,0091 b, 1928, 19,735,1101 b; butter-fat from milk, 831,5721 b, 790,90811); average test, 4.100, 4.OSS; cheese made (checked packing weight). 2,221,3411 b, 2,166,9421 b; lbs milk to make lib cheese, 9.11, 9.10; lb® cheese from lib butter-fat, 2.671, 2.718; lbs cheese from lOOlbs milk, 10.96, 10.97; whey butter made, 59,9201 b, 50.73 Gib. Used for butter-making: Milk received, 1929, 258,6841 b, 1928, 510,7161 b; butter-fat in milk, 12,3531 b, 24,6111 b; ■average test, 4.775, 4.818; lbs butter ■made, 15,101, 30,268; lbs 1 buffer per lb butter-fat, 1.2224, 1.2298.