THE DAIRYING INDUSTRY.

Marlborough Express, Volume XLI, Issue 176, 27 July 1907, Page 7

THE DAIRYING INDUSTRY.

REPORT OF A-COMPANY

[press association.]

PALMERSTON N., July 26. The New Zealand Farmers' Dairy Union's balance-sheet, just issued, shows that the Union had a prosperous year. During the past year 221 new shares were issued, and £4537 distributed amongst the shareholders, in addition to the usual monthly payments. During the season 867 tons of butter was manufactured, being 16 tons in excess of last year. After careful consideration, the directors decided not to erect cheese plants, but to continue butter-making. During the year the Union advanced £65,770 against butter-^fatreceived. The gross proceeds from sales were £93,768. There is still in hand £3158 for distribution amongst suppliers and shareholders. The quantity of milk received was 45,761,093 pounds. It took.an average of; 23.30 lbs of milk to one pound of butter. The tests ranged from 3.38 to 5.03, the average being 3.8. The number of pounds of butter made was 1,943,258.