MAUNGATAPERE DAIRY CO.

Northern Advocate, 11 June 1929, Page 7

MAUNGATAPERE DAIRY CO.

| ANNUAL REPORT. i RECORD OUTPUT. Tlio following- report will be submitted to the annual'.-meeting of shareholders of the Mamigatiipere Co-operative Dairy Co., Ltd., .on July 10: —

“In presenting; this, the twentyseeoud anmuil .report and balance sheet for the year ended April 00, 1020. the directors are pleased to report that the output of butter manufactured exceeded 015 tons —the largest amount that this factory has ever produced in any one year. The butter manufactured shows an average grade of 02.0.10.

“Directors. —Under the Articles of Association, Messrs J. Breslin and V. J. Smith retire by rotation who, being eligible, offer themselves for re-election. “Manager, —Mr R. R. Pringle has been appointed factory manager for the coming season. “Dividend.—The directors propose payment of a dividend at the rale of Sj \>er cent, on the share capital.” ANNUAL SUMMARY. Number of cream suppliers (December month), 104; pounds of cream reeeived) 2,820,107; pounds of butter-fat produced: Grade DM, 41t!,059.4; Grade 90, 002,MM1.0; Grade 88, 57,277.7; 'Grade 80, 1,51M,.1; total, 1,1.17,481.2. pounds of butter manufaetured, 1,.‘179,715 (015 tons 18 cwt M qrs 15 lbs); over-run, 21.295 per cent.; average test of cream, 40.24 S per cent.; highest test of cream, 54 per edit.; lowest test of creanp 20 per rent.; collection of cream per lb. of butter-fat, ,4M2d; cost to manufacture one lb of butter, including boxes, £lOlB 14s 9d and depreciation, £405 10s od, .SOMd; average price realised for butter sold, local and 'shipments and butter on hand, estimated to produce per lb t 10.022 d; average prices (all grades) paid to suppliers per lb butterlat: Advance payment. 17.M01d: advance payment (with deferred payment added), 18.500 d; adv ance payment (witli deferred payment and cream collection added), hs.p.MMd.