DAIRY COMPANIES STARTING NEW YEAR

Manawatu Times, Volume LIV, Issue 6626, 13 August 1931, Page 8

DAIRY COMPANIES STARTING NEW YEAR

TAMAKI CO-OP. The annual meeting of shareholders of tho Tamaki Co-op. Dairy Company Ltd. was held on Tuesday, when tho chairman of directors (Mr. A. H. Hanson) presided over a largo attendance. The directors’ report gave the following particulars of tho past year’s operations:—Milk used for cheese-mak-ing, August 10, 1930, to April 20, 1931, milk received, Te Euhunga, 11,348,7Sllbs.; Eua Eoa, 4,633,957ib5.; butterfat, 477,789 f.nd 159,4751b5.; average test, 4.21 and 4.09. Cheese manufactured, 1,242,7111b5. and 491,05G1b5.; lbs. of milk to lb. cheese, -9.13 and 9.43; lbs. of cheese to |>. butterfat 2.60 and 2.58; average grade, 91.71 and 92.56. Whey butter made 77,5151b5. Milk used for butter-making at Tc Echunga: Milk lbs. of butterfat, 71,0061b5.; average test, 5.07. Butter making: Cream received, 1,437,3271b5.; lbs. of butter, 550,811; average test, 35.32; butter made, 749,7161b5.; over-run, 20.56; average grade, 93.44. Totals for tho season: Lbs. of milk, 17,352,599.; lbs. of butterfat, 735,773; average test, 4.25. Tho balance-sheet showed that the total amount handled during tho year as £83,554 12s 8d (£44,550 7s cheese, and £38,974 5s Sd butter); advances to suppliers for cheese-making had totalled £26,506 2s lid and to cream suppliers £26,322 7s. Tho credit balance at Juno 30, 1931, totalled £4,973 16s 6d, of which £731 Is had been paid out in interest ou paid-up sharo capital. In formally moving the adoption of tho report and balance-sheet, the chairman gave a comprehensive explanation of tho effect of world conditions and their effect on the dairy markot. He also forecasted an improvement in the demand for cheese and said there was a feeling that cheese was likely to become a better proposition than butter. After some discussion the report and balance-sheet were adopted. The auditor’s report showed the costs of manufacture as follows: 1900, office costs, ■ .10d; manufacturing cheese, 1.93 d; cost butter, 1.25 d. 1931, office costs, .lid; manufacturing cheese, 2.01 d; cost butter, 1.35 d. Election of Directors ‘ The two retiring directors, Messrs. A. H. Hansen and G. E. Eeniilc, offered themselves for re-election and Mr. P Jewiss was a further nomination. The ballot resulted in the re-election of the retiring directors. The question of earthquake insurance was discussed and it was pointed out that this would cost, at present rates, £132. On the motion of Mr. Stephenson, it was decided to set aside a portion of this amount as a special fund for damage in case of earthquake. After several amendments had been disposed of, tho chairman’s honorarium was reduced from £l2o to £IOO. Votes of thanks were accorded to the secretary and his staff, the directors and to the chairman concluded the meeting. . , , At a subsequent meeting or the directorate, Mr. A. H. Hansen was reelected chairman.