Mangawhata Dairy Company

Manawatu Times, Volume 63, Issue 236, 6 October 1938, Page 9

Mangawhata Dairy Company

TWENTY-THIRD ANNUAL REPORT Tho twenty-third annual report of the Mangawhata Dairy Company presented by the directors, states that the company suffered the misfortune of having its factory and men’s quarters destroyed by lire on January 14, 1938. Acting under instructions from the shareholders, the directors proceeded with the erection of a new factory, and this was ready for the opening of the new season on August 1. The directors desired to thank those cheese companies which assisted them by handling their supply until the new building was ready. As the actual stocks of manufacturing materials at the time of the fire were not known, tho statistical figures of costs set opposite the various items would not be correct, although the total would be. In accordance with the requirements of the Dairy Industry Accounts Regulations, 1936, it was reported: (1) In respect of the previous year, 1936-37, the estimated payout to suppliers for butterfat (all grades) was 13.99 d, as quoted in the report of that year, and the actual payout was 14.87 d. (2) In respect of the current year, 1937-38, the dairy produce unsold at balance date was nil. It is estimated that tho Season’s average payout to suppliers per pound of butterfat (all grades) would bo 15.61 d. It was not proposed to pay a .dividend on share capital. Tho statistics were given as follow, those for the season ending in 1937 being given first and those for the season ending in 1938 second:—Payout previous year per lb. butterfat (season average), 14.87 d, 15. did; payout current year per lb. butterfat, advance and final estimated surplus, —, nil; number of suppliers, 20, 19; pounds of milk received, 7,382,908, 4,356,591; pounds of butterfat from milk, 322,512, 182.023; average butterfat test of milk, 4.36, 4.17; total charges, including repairs and depreciation, up to f.0.b., at per lb. butterfat, 3.27 Gd, 3.677 d. Cheese-making.—Pounds of milk received, 7,376,248, 4,356,591; pounds of butterfat from milk received over ‘stage for cheese-making (no deduction for whey loss), 322,206, 182,023; average butterfat test of milk, 4.36, 4.17; pounds of cheese (factory packing weights), 798,412, 450,593; pounds ox milk to make lib. of cheese, 9.23, 9.66; pounds of cheese to lib. of butterfat, 2.478, 2.475; average grade of cheese, 93.202, 92.332. Milk grade averages, first, 99.0 J, 9S.BJ; second, .99, 1.19; pounds of butterfat recovered from whey expressed as a percentage of total butterfat received for cheese-making, 5.65, 5.03.