SUCCESSFUL SEASON

Manawatu Standard, Volume LX, Issue 219, 14 August 1940, Page 2

SUCCESSFUL SEASON

KAIRANGA, DAIRY COMPANY, A successful season, with a sound financial position and increased output, is reviewed in tlie report to be presented to the annual meeting of the shareholders o' the Kairanga Co operative Dairy Coy . Ltd., by Mr J. Devine, chairman of directors. The report is as follows: —The -weather during the late summer and autumn was ideal and to this is attributed a good nicasure of the increased output received. Ibis increase in production was equal to 2.42 per cent, for creamery butter, .406 per cent, for whey butter and 11.15 per cent for cheese. The average grades of ox ported produce compare favourably _ with those of last season, and wo again ap peal to all suppliers to endeavour to improve the quality of their milk and cream so that those grades can be improved, The company has completed another successful Season and the financial position continues to be very sound indeed. The store trading department shows a further increase in sales on the previous season. Large quantities of produce remain unsold. Ihe stocks of export butter and cheese have been valued on the basis of the Government's guaranteed price. according to grade, and the stocks of butter and cheese held for local sales have been valued on a parity with the Government s Internal Marketing Department prices. Ihe final payments made per pound butterfat supplied during the 1938-39 season amounted as follow: —Longburn butter suppliers, 16.2834 d; whey butter suppliers, 14.617 d; Longburn cheese suppliers, 18.3595 c!; Fitzherbert cheese suppliers. 17.044 d. The average of advances over all grades made for the current year are: Longburn butter suppliers, 13.9734 d; whey butter suppliers, 11.989 d; Longburn cheese suppliers, 14.9925 H ; Fitzhcrbort cheese suppliers, 15.258 d Deferred payment: The balances for appropriation are: Factories accounts, £22,786 4a 4d; store trading department, £1566 12s 3d. The directors recommend that the balances be disposed of as follow : Jn making a further payment of 2.375 d per lb. fat on all supply received during the year lor bultcrmakipg; in making a further payment of 2.6875 d per lb. fat on all supply received during the year for whey buttermaking; in making a further payment. of 3.75 d per lb. on all supply ’ received during the cheesemaking season at the Longburn factory; in making a further payment of 2.625 d per lb. fat on all supply received during the cheesemaking season at the Fitzherbert factory ; in making of a 5 per cent, dividend on paid-up capital; in making of a 4 per cent, rebate on store purchases; in transferring the sum of £250 from the store appropriation account to the store building reserves: to pay ' income and Social Security taxes. The payments above mentioned (on butterfat only) will bring the factories’ averages over all grades to: Longburn butter suppliers, 16.3484 d; whey butter suppliers, 14.6765 d; Longburn cheese suppliers, 18.7425 d; Fitzherbert cheese suppliers, 17.883 d. The thanks of the shareholders are due to tho management and stall for the efficient manner in which they have carried out their respective duties. I'he directors retiring by rotation are Messrs J. Kyle, W. W. Gosling and D. Prouse. They are eligiblo and oiler themselves for re-election. An extraordinary vacancy has been caused by the resignation of Mr M. 11. Burineislcr, who has sold his farm and is no longer a supplier ot the company. It is with regret that we accept his resignation, and the directors wish to place on record their appreciation of tho valuable services Mr Durmeister lias rendered while he has been a member of tho board. Thero are therefore four vacancies to bo filled. Tho auditor Mr II J. Rees, retires and offers himself for re-election.

Statistics of produce manufactured are as follow, those for ljst year being given in parentheses:—Creamery butter, 834 tons 9 cwt (814 tons 14 c-wt.); whey butter, 123 tons 9 cwt. (122 tons 19 ewt.); Longburu cheese, 217 tons 14 cwt. (187 tons 19 cwt.); Fitzherbert cheese, 120 tons 5 cwt. (116 tons 3 cwt.).

Butter manufacturing statistics axe: — Payout previous year per pound butterfat (season average), 16.2834 d; payout current year per pound butterfat, advance, 13.9734 d; estimated surplus, 2.375 d; total, 16.3484 d. Number of suppliers, 180 (184); pounds of milk received, 108,005 (122,088); pounds of cream received, 3,999,549 ( 3,965,654); pounds of butterfat receiver! (milk), 5139 ( 6287); pounds of butterfat reoeived (cream), 1,549,607 (1,528,608); average tost (milk), 4.758 per cent. (5.149 per cent.); average test (cream), 38.744 per cent. (38.546 per cent.); total charges to f.0.b., 1.8310 d (1.7987 d); total pounds of butterfat used for creamery buttermaking, 1,537,641 (1,505,681)j pounds of creamery butter made, ' 1,869,160 (1,824,926); over-run butter, 21.5602 (21.202); average grade butter, 94.063 (94.152); cream grade percentages, finest, 91.47 per cent. (93.43 per cent.); first, 8.10 per cent. (5.71 per cent.); second, 0.43 per cent. (0.86 per cent.); milk grade percentages, first, 100 per cent. (100 per cent.); second, ( —); pounds of butterfat in milk and cream sold, 17,105 (29,214). Whey butter manufacturing statistics wore :—Payout previous year per 1 pound butterfat "(season average), 14.617 d; payout current year per pound butterfat, advance, 11.9390 d; estimated surplus, _2.6875d; total, 14.6765 d; number of factories supplying, 22 (24); pounds of butterfat recovered from whey, 21,570 (20,052); expressed as a percentage of fat for cheesemaking, 6.93 per cent. (7.11 per cent.); pounds of butterfat in whey cream received from other dairy factories, 204,921 (206,017); total pounds of whey butter made, 276,548 (275,513); over-run whey butter, 22.101 (21.871); average grade whey butter, 88.685 (88.759); total charges to f.0.b., 2.2319 d (2.1703 d). Longburn cheese, factory statistics.— Payout previous year per pound butterfat (season average), 18.3595 d; payout current year per pound butterfat, advance, 14.9925 d; estimated surplus, 3.75 d: total, 18.7425 d. Number of suppliers, 20 (20); pounds of milk received, 4,393,264 (3,819,585); pounds of butterfat received, 199,987 (171,754); average test, 4.552 per cent. (4.496 per cent,): total charges to f.0.b., 2.9289 d (3.0660 d); pounds of cheese made, 487,628 (421,075); pounds of milk to make lib of cheese, 8.91 (9.3); pounds of cheese to lib of butterfat, 2.462 (2.488); average grade of cheese, 91.066 (91.729); milk grade percentages, first. 98.58 per cent. 99.775 per cent; second, 1.42 per cent. (.225 per cent.); pounds of butterfat in milk sold, 1999 (2540). . . Fitzhcrbort cheese factory statistics. — Payout previous year per pound butterfat (season average), 17.044 d; payout current year per pound butterfat, advance, 15.2580 d; estimated surplus, 2.625 d; total, 17.883 d; number of suppliers, 11 (13); pounds of milk received, 2,439,624 (2.348.697); pounds of butterfat received, 112,994 (110.119); average test, 4.631 per cent. (4.688 per cent.); total charges to f.0.b., 3.2864 d (3.5217 d); pounds of cheese made, 269,431 (260,283); pounds of milk to make lib cheese, 9.05 (9.02); pounds of cheese to lib butterfat, 2.384 (2.363); average grade of cheese, 91.609 (91.798); milk grade percentages, first, 99.32 (99.231); second. .68 (.769).