Kaitaia Dairy Coy.’s Good Year

Northern Advocate, 27 July 1938, Page 9

Kaitaia Dairy Coy.’s Good Year

The annual report ol the Kaitaia Co-operative Dairy Company Ltd., states that the output for the season ended June 30'last was 2125.562 tons, which represents an increase of 118 tons 2 cwt., or 5.88 per cent, on the previous season. Production during the year was variable as a result of abnormal climatic conditions and low rainfall during the late summer months. Payout. The payment for butterfat for the season 1956-37 averaged 13.443 d per lb., exclusive of dividend on shares and cream collection. For the current season 1937-38 butter graded for export and in store on 30/6/38, (9118 boxes) was valued i or balance purposes at the guaranteed price for the respective grades. Unsold stock of butter held for local trade at date of balance was valued at 1 /2i per lb., less commission and charges. Advance payments for the season averaged . 12.239 d over all grades and-;' with the amount available for distribution. inclusive of dividend on shares, will return for all grades an average af 14.780 d per lb. butterfat. Cream collection cost ,424 d per. lb. butterfat, making the average return over all grades at the farm ' gate 15.204 d per lb. Various Costs. Total charges up to f.o.b. at per lb. butterfat were 2.113 d compared with 2.060 d last year. ‘ Cream collection showed a slight reduction per lb. butterfat, and wages, materials and boxes a slight increase. Fuel and sundry charges were slightly down. The manufacturing charges amounted to 1.01 Id per lb. butterfat compared with ,920 d la?t year.

Distribution of Surplus. The balance available for distribution is £41,693 13s 3d. The directors propose to allocate this amount as follows: Dividend, 3 per cent on paid-up capital, £673; further payment butterfat at 2.5 Cd per lb including bonus of .41 d from the Government, £40,706 2s 6d; transfer trading reserve, £150; carried forward, £164 10s 9d.

Summary. 1936-37 1937-38 Payout previous year per lb. butterfat 13.443d Payout current year including bonus from Government 14.799a Suppliers G49 637 Total charges to F.O.B 2.060d 2.113d tons. tons. Total output 2007.525 2125.562 Average grade of butter 93.895 93.875 Butter grading per- • centages;—• Finest 94.31% 90.43% First 4,49% 8.64% Second 1 20% 0.93% Cream grading percentages: Finest 73.57% 61.42% First 23.45% 34.39%) Second 2.98% 4.19% 1