THE DAIRY INDUSTRY

Manawatu Times, Volume LIV, Issue 7007, 5 September 1929, Page 8

THE DAIRY INDUSTRY

KAIRANGA DAIRY CO. LTD. The annual report to be presented at the twenty-second annual general meeting of the Kairanga Dairy Co. Ltd., to be held-to-day, reads as follows: "The season opened under most favourabe weather conditions and continued so, with a resultant satisfactory increase in the output, approximately 18 per cent, greater than last year. Values of both butter and cheese have, on the whole, been very satisfactory, though the recent break in the cheese market was unexpected. The board pursued the policy of selling and consigning according to the market prospects, and the result were very pleasing. On the manufacturing side, we must report favourably. The quality of our products has been maintained at a high standard. The cost of manufacture shows a gratifying decrease. During the year we made a quantity of standardised cheese, and the experiment was quite profitable. 'The product was well received on the market and we intend to make standardised cheese at our factories next year. The store department accounts record a further increase in sales and show a nice profit. The activities of this branch have been, widened somewhat during the year, and suppliers are urged to give it their whole-hearted support. Financial assistance to suppliers was granted from time to time. These accounts are in a satisfactory condition, and no losses have been made. The nett balances for appropriation are— Factory account, £6,102 16s. 9d; store account, £1,047 14s Cd. And these your directors recommend to be disposed of as follows —(1) In making a further payment on butterfat supplied for cheese manufacture of Id per lb. September, October, November; 2d; December; id per lb. January, February, March; lid per lb. April; thus making the cheese payments Is 9d to end of December and. Is 54d for balance of season. (2) In making a further payment on H.S. cream butterfat of Id per lb. September; 2d per lb October, November; lid per lb December; Id per lb. January, March, April and May. (3) In payment of a dividend of 6 per cent, on the paid-up capital. (4) In payment of a rebate of 5 per cent, on store purchases. (5) in depreciation of, 5 per cent off buildings, 10 per cent, off plant and machinery; £3OO off motor lorries, £46? off the other assets. It should be noticed at the time of writing, the returns for a large quantity of cheese consignments had not been received. However, these have been valued on what we regard as a safe basis. In event of the actual realisations being above the estimates, your directors will be able to authorise a further payment to suppliers. Tho average of advances made are, butter —ls 5.45 d., milk—ls 6.43 d. The thanks of tho shareholders are due to tho management and staff for their endeavours in the interests of the company. The directors who retire by rotation are Messrs D. Buchanan, M. H. Burmeiiister, J. Hastings, and J- Kyle. They a/re eligible and offer themselves for re-election. Tho auditor, Mr W. Hunter, retires and offers himself for re-election. Statistics —Total quantity of milk and cream received, 10,120 tons; total quantity of butterfat received, 949,2101b5.; total quantity of butterfat received, Longburn, 177,158 lbs.; total quantity of butterfat rc-

ceived, Kairanga, 238,4071b5.; total quantity of butterfat received, Fitzherbert, 174,3761b5.; total cream fat, 359,269ib5.; average tests—Longburn, 4.46 per cent.; Kairanga, 4.49 per cent.; Fitzhcrbert, 4.30 per cent.; cream, 38.4 per cent.; produce manufactured—cheese, 582 tons, 17 cwt.; butter, 234 tons, 8 cwt.; whey-butter, 20 tons, 13 cwt. ’ 1