DAIRY INDUSTRY

Manawatu Standard, Volume L, Issue 220, 13 August 1930, Page 7

DAIRY INDUSTRY

ASHHURST COMPANY. OUTPUT FOR SEASON. SEVENTEENTH ANNUAL REPORT. The Ashhurst Co-operative Dairy Co., Ltd., has experienced, a good season, and the seventeenth annual report to be submitted to shareholders and suppliers by the chairman of directors (Mr J. C. Williamson) is as follows:—The output of cheese for'the season was 158 tons, 18cwt, 3qrs, 81bs, all of which was sent on consignment, with the exception of 2i tons required for local consumption. The prices realised on the London market showed a marked decline on the previous year’s figures, and it is apparent that we are faced with a period of lower values for our produce. According to reports from the United Kingdom, the indifferent quality of much of the New Zealand cheese has undoubtedly been a contributing factor in weakening the market. The remedy for this is largely in the hands of the producer, who, by maintaining the good quality of his milk, will materially assist in the manufacture of a good article. Your directors recommend that tins question be fully discussed before the commencement of the new season.

The purchase of a standardising plant was effected during the season, and the bulk of our output was standardised. The benefit of this process was discounted, considerably hy the low prices obtaining lor butter, but figures will be placed before vou at the annual meeting, giving the results as far as they can be ascertained. The balance to the credit of the appropriation account is £833 17s Id, which your directors recommend be dealt with as follows:—(1) To make a further payment of Id per lb on hutterfat supplied in January. (2) To make a further payment of 2d per lb on butterfat supplied in February. (3) To make a further payment of 4d per lb on butterfat supplied in March, April, May and June. This will absorb £643 13s'6d, and bring the average pay-out for the season to a little over Is 5d per lb. (4) To pay a dividend of five per cent on paid-up share capital as at June 30, 1930, which will require £llO 3s 6d. This leaves a balance of £BO Os Id. Since the year’s accounts were finalised, your directors have disposed of all the export cheese which was unsold at the 30th June (and which, for balance purposes, was valued at f.0.b.) at 7£d f.0.b., which will ensure a further payment on March, April, May and June butterfat. In accordance with the articles of association, two directors retire, viz., Messrs J. Evans and T. Paton, both of whom, being eligible, offer themselves for reelection. Mr J. W. Whitaker retires from the position.of auditor, and offers himself for re-appointment. Summarised statistics are as follow: —Total lbs milk received, 3,410,751; average test, 4.03; lbs milk sold, 8022; lbs cream extracted for standardising, 16,180; lbs milk for cheesemaking, 3,386,549; average test, 3.83; totals lbs butterfat received, 137,467.28; butterfat in milk sold, 352.96; butterfat in cream extracted for standardising, 7,321.93; butterfat and cheesemaking, 129,793.39; cheese manufactured (grade weight), 158 tons, 18cwt, 3qrs, 81bs.; lbs cheese to lbs butterfat used for cheesemaking, 2.743; lbs of milk to lbs cheese, 9.512; cost of manufacture and to f.o.b. per lb cheese, 1.49 d; cost of manufacture and to f.o.b. per lb, butterfat, 3.86 d.

NEWBURY DAIRY COMPANY. ANNUAL MEETING. The annual meeting of the Newbury Dairy Coy.., Ltd., was held on Monday at the factory on Rangitikei Line. The chairman of* the company, Mr E. W. Collins, presided over a good attendance. , The chairman referred to the death during the past year of Mr H. Penberthy, a director, and said the loss would be greatly felt. They had a good manager, Mr W. T. Knvan. The factory and buildings were in good order, the average test was high, and he thought the suppliers would agree with him when he said that liberal advances had been made on their butterfat. He hoped to be able to announce that further payments would be made when accounts were finalised. • The annual report of the directors stated: “We welcome the increased supply received from several farms, and hope this season to have the three vats full, and consequently, expenses lessened. For the whole of last season casein has been manufactured with, we trust, profitable results to suppliers. Our cream has gone to Cheltenham, and the casein to the New Zealand Casein Coy., the latter on a strong market, anil we are advised of a further payment which will enable an additional payment of id being made to suppliers, making the total advance on casein 2d per lb. This makes the total advances for butterfat and casein Is 4'd per lb. The quality and condition of the casein is very favourably, commented on by the officials at Aramoho, and your directors would like to place on record their appreciation of the manner in which the manager, Mr • T. Krivan, has discharged his duties. We deeply regret the removal bv death of one of our most valued colleagues, Mr H. Penberthy. His counsel and advice will be hard to replace. The usual dividend to shareholders of five per cent is recommended. Mr A. \V. Hamlin is the retiring director, and is eligible for re-election. There is also a vacancy caused by Mr Penberthy s death. -Summary: lbs milk received, 3.641,328; lbs butterfat, 1u9,43d.00, aV MeSr S t A*’w! 3 Hamlin and S Knight were elected directors and Mr W. Hunter re-elected auditor. , Tire usual dividend of 5 per cent uas declared on paid-up capital Various bonuses were voted to the staff. ■ ADVANCES FOR MONTH. The directors of the Rongotea Company have decided to make ail advance on the basis of isi 3dper lb. of butter-fat for July supply. Thw month’s bonus cheques will also be dis Company has fixed its rate of payment for July supply Is 4d The Awahuri Company has decided to make an advance Is 3d per lb. of butterfat for July supply.