THE DAIRYING SEASON

Matamata Record, Volume XVII, Issue 1546, 26 July 1934, Page 6

THE DAIRYING SEASON

MORRINSVILLE COMPANY ■ - t Record Output of 3053 Tons . l • Return of 9.396 d Per Pound The twelfth annual report of the Morrinsville Co-operative Dairy Co.’ Ltd., to be presented at the annual meeting on July 31, announces that the output of 3053 tons of butter for the past season was a record for the company, being an increase of 262 tons over the output for 1932-33.

Suppliers will receive a total return of 9.396 d per pound of butterfat for the season, subject to unsold stocks on hand realising the values placed upon them. Advances to suppliers (all grades), including cost of cream collection (.259d) amounted to 8.262 d per pound of butterfat. A bonus of £d per pound of butterfat over the whole season was paid out on July 20. The dividend of 4 per cent, on paid up share capital recommended by the directors is equivalent to an average of .040 d per pound, and the balance available for distribution is estimated at .594 d.

The directors retiring by rotation, Messrs. James Brown, B. J. Pirrit and D. T. Davies, all offer themselves for re-election. Effect of Dry Autumn “ Weather conditions during the year may be described as having been fair,” states the report. “After an excellent spring dry weather set in during the autumn ahd continued so long that the fall that was caused in the output could not be recovered when more favourable weather set in during the late autumn. In spite of this the company's output of butter increased by 262 tons. Cream Collection |d Pound “ Further reductions in costs are shown under practically all headings. The cost of cream collection is now practically one farthing per pound of butterfat, as the result of progressive reductions since 1925, when the cost was .611 d per pound. Marketing Outlook , “ There have been visible for some time certain favourable factors in trade in Britain,” states the report in conclusion, “ which should have been reflected in better prices for dairy produce, but these conditions have been offset by .ever-in-creasing supplies from all countries. Perhaps the coming season may see the long-looked-for rise in values.”