KAITAIA DAIRY COMPANY

Northland Age, Volume II, Issue 33, 20 August 1930, Page 4

KAITAIA DAIRY COMPANY

The twenty-ninth annual meeting of the Kaitaia Co-operative Dairy Company was held at the Princess Theatre at 12.30 p.m. on Saturday, 16th inst. The attendance was smaller than that of last year, there being approximately 180 attendants. The Chair was occupied by Mr. Wm. Rose, Mr. L. A. Mclntosh being Secretary.

The Chairman in his opening speech, disclosed the results for the past season’s working, revealing the sound position of the company and the increase of the season’s output as compared with the season 1928-29. The output of butter for the season was 1120.83 tons as compared with 994.95 tons for the previous season. This shows an increase of 175.88 tons or t 8.6%. The amount of nett surplus available for distribution was £13,135 8s lod. The all in costs, for the season just ended, calculated on the basis of lib butter manufactured, shows a decrease when compared with its preceding season’s charges. Comparative figures are : —•

1928-9 1929-30 Value of overrun £25543 £30905 Total expenses £18538 £21908 Av. Exs. per lb of overrun is 0.14 d 11.066 d Av. exs. per lb of butter 2.100 d 2094 d Cost cream cartage .482 .474 „ Manufacture .871 .798 ~ marketing to f.o.b. .378 .410 „ renewals and

maintenance .048 .066 „ farm instruction .037 .020 „ interest .008 .023

„ administration .164 ’.148 „ depreciation .112 .155 „ fuel per ton butter 20/3 18/9 Increases appearing in market charges, renewals and maintenance, interest and depreciation, were attributed to the following : Increase in market charges and interest were due to the inability of the shipping agents to cope with increased production, thereby rendering it necessary to hold stocks in storage and resulting in increased storage charges and loss of interest credits on advances payable on shipments.

Renewal and maintenance being a fluctuating charge is governed by work required in renewing and maintaining plant.

The increase in depreciation is due to additional installation of plant and consequent disgarding of certain units of old plant. Particulars in connection with the grading of cream for the past two seasons are as follows : 1928Finest 1859118 lbs 41.49% First 2439923,, 54.43,, Second 183115 „ 4.08 „ 4482157,, 100.00,, 1929Finest 4042589 >. 77-94% First 931673 „ 17-96,, Second 212248 ~ 4.10,, 5186515 „ 100,00,, The average grade of all butter shipments tor the past two seasons and percentages of the various grades are as follows : 1928-29 1929-30 Boxes Boxes Finest—--23163 64.83% 36856 86.43% First — 9840 27.55,, 4784 11.20 „ Second — 2723 7.6 2„ 1001 2.37,, 35726 100.00% 42641 100.00% Av. Grade 92.46 pts 93.33 pts. The result of the ballot which showed that only 47% had availed themselves of the right to

vote, w-s i c hollows :

E. R. Bird, 505. C. March, 453. D. Kitchen, 386. Mr. E. R. Bird and Mr. C. March, were duly elected. Mr. Kitchen at this point congratulated Messrs. Bird and March, on the result and wished them success during their term in office.

The Chairman, before placing the balance sheet open for discussion asked that the “yelping class of critic,” who got nowhere by his interjections would refrain and so enable the meeting to proceed as expeditiously as possible. Mr. W. Parker made the first step to liven the proceedings oy asking, why the Chairman should state that the cost of cream cartage had come dowh, when the balance sheet showed an increase of .Old as compared with last year. He finished his remark with a vague reference to a faked balance sheet. There were numerous interruptions at this stage of the proceedings, some demanding that Mr. W. Parker substantiate his statement, others demanding that he withdraw his remarks.

The Chairman took the speaker to task, challenging him to prove the accusation or withdraw his remark. This had no effect and Mr. Parker continued to defend his statement. The confusion continued when Mr. Fisher rose to his feet suggesting that Mr. W. Parker had not used the word in its true sense. Continued next W eek