COMMERCIAL.

Hawke's Bay Tribune, Volume XVII, Issue 209, 18 August 1927, Page 9

COMMERCIAL.

DAIRY CONTROL, MEETING OF BOARD. Wellington. August 17. The Dairy Control Board met today, Appreciation of Mr C. Motion's services was placed on record and the appointment of a successor was held over. The past year’s work was reviewed and the annual report and balance-sheet were adopted. The export levied on cheese for the past year was £59,960 Is 2d. interest on investments £3023 8s 6d and total income £62,983 9s Bd. The expenditure, excluding advertising amounting to £19.667 3s Id. was £54,416 4s 7d The accumulated funds were drawn on to the extent of £11,199 18s. The sum of £2050 16s lid remained for distribution on the first butter pool, and 95 per cent, on the second pool, sold at an average price of 158 s lid. The remaining 5 per cent, would only slightlv rise the general average. The total of he marketing charges was 19s per cwt., the net return thus being 140 s, permitting the payment of Is 3 l-8d for finest grade. Is 25-8 d for first grade, and Is 1 5-8 d! for second grade. Returns for cheese pool: 87 per cent, sold at an average of 83s 3d. The remaining 13 per cent, selling at present improved prices, should bring the average to approximately 84s With thfe total charge apprbsimately 14s, a net return of 70s ner cwt. or 7jd per lb should be averaged. It was anticipated that the whey butter pool will finally average Is 2 l-8d first grade and Is 1 l-8d second grade. A suggestion to share jointly with the Meat Board Mr Forsyth’s services in London was not approved. and 1 a committee was set up to inquire regarding possible appointees and report next meeting.