KAIKOURA DAIRY CO.

Kaikoura Star, Volume LXIV, Issue 65, 21 August 1944, Page 2

KAIKOURA DAIRY CO.

JUBILEE YEAR. The 50th annual meeting of shareholders of the Kaikoura Co-operative Dairy Company, Limited, takes place on September 4, it being the jubilee year of the company. Great strides have been made since the company started operations,, and now has an up-to-date factory with 181 suppliers. The aim of the directors was to produce 500 tons of butter for the jubilee year, but unfortunately, due to climatic and other considerations this objective was not attained. The nearest approach to the quantity was in 1942, when 459 tons were manufactured, falling to 439 tons in 1943, and 396 tons this year. However, the company has earned a reputation for the quality of its butter, and the manager (Mr J. S. Aitken) and his staff are deserving of commendation on this achievement. Several valuable trophies were won at the various shows. Last year the average grade was 94.141 per cent., and this year 94.412. Statistics for the year ended June, 1944, are as follows: — The year ended with a balance of the appropriation account £6680 12/2. The directors propose to a further payment of l§d in cash, absorbing £5732 5/; make a further payment in shares of l-16d in shares equivalent to £l9l 1/6; pay a dividend of 6 per cent., totalling £535 6/5; and carry forward (including provision for taxation) £22 J 19/3; a grand total of £6680 12/2-. The above figures include the farm cost allowance of .767 d per lb butterfat.

The pay-out for the current year (advance) 14.960 d; estimated surplus 1.9375 d; season average payout 16.8975 d; number of suppliers, 181; pounds of cream received, 1,858,130; pounds of butterfat from cream, 733,727.0; average butterfat test of cream 39.48 per cent.; total charges per lb butterfat, 2.477 d; total creamery butter made 396 tons 17 cwt 31b; overrun 21.15 per cent; average grade of butter, 94.412 per cent. Payout for finest grade cream at farm gate: Advance 15.0000 d; final payment 1.9375 J; collection costs .3720 —17.3095; add dividends, . 1750 —17.4845 d.