79-Ton Drop In Kaikohe Production

Northern Advocate, 31 July 1939, Page 6

79-Ton Drop In Kaikohe Production

! [Special to “Northern Advocate ’"l KAIKOHE. This Day. ! “We can feel satisfied that the loss | that we have suffered in the past seaI son has been suffered by others,” said | Mr H. F. Guy, chairman of directors l of the Kaikohe Co-operative Dairy i Company, at the tenth annual meeting I of shareholders. i Mr Guy stated that the company's production had shown a decrease of 79 tons, or 13.9 per cent, against the previous season's output. He expressed satisfaction at seeing such a large attendance of shareholders. as indicating considerable interest in the company’s affairs arid also its solidarity. “Now Zealand has suffered a severe season,” lie said. “Some suppliers think that under the circumstances the directors could have done more, but every company in Now Zealand has faced a similar poislion. In fact, lire majority have shown a greater decrease. than the local factory.” Grading- Maintained. The grading average shown for the season was 94,078, which was approxi-

mutely the same as for the previous season. A deferred payment of 2.',d per lb. bulterfat over the whole season’s supply. and the season’s average payout for all grades is to bo 15.74 d. Payment of 5 per cent on dry shares absorbing £.‘l2 10/- and 3t per cent on wet shares representing £144 2/7, is to be paid out later in the year. In the appropriation account the balance to distributors was £9135 8/10. During the season the number of suppliers was reduced from 296 to j 287 and in Hie current year 2.349.GG9 i lbs. of cream were received compared j with the previous year’s supply of 1 2,705,1221b5. i