DAIRY COMPANY'S YEAR.

New Zealand Herald, Volume LXVI, Issue 20307, 15 July 1929, Page 9

DAIRY COMPANY'S YEAR.

NORTHERN WAIROA RECORD. OUTPUT EXCEEDS 2200 TONS. GOOD RETURN TO SUPPLIERS. [BY TELEGRAPH. —OWN CORRESPONDENT.] DARGAVILLE, Saturday. The twenty-seventh annual report and balance-sheet of the Northern Wairoa Co-operative Dairy Company shows that a record season has been experienced. Ihe output for the season amounted to 2209.9 tons and the am<uint paid to suppliers was £309,496 10s Id. 'J'ho net price received at the factory by suppliers for butter-fat was 16.85 d per lb, a slight advance on last year's figures. The number of suppliers, G7O, is fewer by 16 than in the previous season. Depreciation allowed during the year 1928-29 amounted to £6146 15s Id, making a total of £45,416 8s Id since the inception of the company. After allowing for depreciation there is a balance for distribution of £23,261 8s lid, which the directors recommend shall bo disposed of as follows: —Interest at 6 per cent, on shares, £1826 Is 6d: final payment, June to May inclusive, of 1.25 d per lb, £21,139 7s 6d; leaving a balance to carry forward, £295 7s lid. The increase in butter made during the year was 224.53 tons. The payments already made and the final payment recommended make the average payments for the season, 13.40 d per lb for butter-fat, and with cream cartage added IO.GOtI per 11). Statistics arcßutter-fat received for butter making, 4,058,760.131b; quantity of butter made, 4,949,6151b; quantity of butter made per lb of butter-fat, 1.2194; average testing of cream, 40 per cent.; lowest test of cream, 22 per cent.; highest test of cream, 60 per cent.; average advance paid for butter-fat with cost of cream cartage added, 18.90 d; average price received for all butter (gross), 17.27 d; average price received per Jb butter (net), 16.85 d; average cost of making lib butter (including cream carriage and all other manufacturing charges), 1.23 d; average cost of marketing lib of butter, .42d; average cost of cream collecting, .50d; average grade of butter, 92.81. HINUERA CO-OPERATIVE. A SATISFACTORY SEASON. An excellent season has been experienced by the llinuer.i Co-operative Dairy Company, Limited, the output totalling 665 tons of butter, an increase of 151 tons compared with the previous season. The average pay-out is Is 6.65 d per lb. butterfat. Interest at tho rato of 7 per cent, has been paid on shares. Administrative costs worked out at 1.945 d per 11). butterfat, or £l4 19s lOd per ton of butter manufactured. During tho year tho ward system cf electing directors was adopted. The election resulted in the return of Messrs. P. Pi,. Hawke, T. Corry, 11. Mann, W. .1. Oates, C. 11. Collins, J. P. Harris, J. E. West, C. Johnston and J. Black. BUTTER-FAT PAYMENTS. THE CAMBRIDGE COMPANY. [CY TELEGRAPH. —OWN CORRESPONDENT.] CAMBRIDGE, Saturday. For tho June supply tho Cambridge Dairy Company will advance on July 20 £4625, against £4560 for the corresponding period of last season. The basis of payment is the same for both periods, Is siil per lb butter-fat. "At the company's Hautapu factory there has been no off-season. To enable the neighbouring Bruntwood Cheese Company to effect extensive improvements to its factory the Cambridge company has for the past three weeks been handling Bruntwood suppliers' milk.