DAIRY INDUSTRY

Hawera Star, Volume L, 30 July 1930, Page 9

DAIRY INDUSTRY

HA AY ERA COMPANY.

ANNUAL REPORT

The report to be submitted: at the annual meeting of the Hawera Co-operai tire Dairy Company on Monday next, is as follows: —

“The pay-out for the 1928-29 season (including interest and the amount applied in payment of shares) was Is 5 l-16d per lb butter-fat. This figure slightly exceeds the estimate given in the last annual report. This season all cheese, has been sold 1 with the exception of 1860 crates, which have been taken in at equal to- 7)d per lb f.o.b. On the basis of the accounts the estimated pav-ont for the season will be Is 7d per ib’butter-fat (including the amount applied in payment erf shares) ancl adding share interest the total becomes Is 7.2 d pier lb butter-fat. Interest on shares has been allowed for as usual, and absorbs £2343 8s 3d. The retiring directors are Messrs A. L. Campbell, TL. 15. Johnson and AY .H. Reynolds, a,n;d they offer themselves for re-election.”

HANGATOIKI COATPANY. The report of the directors of the Manga to ki Dairy Factory Company, the 30tk. in the history of the company, to he •presented at the annual meeting on Avgust 6. congratulates .suppliers on the satisfactory results of the year’s working, notwithstanding adverse market conditions. “From the figures shown in the manufacturing and marketing account., shareiioildie.i's will note with satisfaction that costs per Ib butter-fat to. f.0.,b. ocean steamer have been su'bs.tantia.lly a’©dueed this year, trough t about by the considerable decrease, in the manufacturing costs. At the time of balancing there’""remains unsold 5905 orates of eheoshe (478 tons), which has been brought into anconnt at 63d l>-i' lb f.o.b. Finni t;h°> balance to the' credit of appropriation aocount the directors recommend th® payment of 5 .per cent interest on shares, which will absorb £1390. or 21d; per lb ibutter-fat. The retiring directors are- Messrs Pease, Ahbot-t and Willis who. being eligible;, offer themselves for re-election.”