THE DAIRY INDUSTRY.

New Zealand Herald, Volume LXVII, Issue 20629, 30 July 1930, Page 9

THE DAIRY INDUSTRY.

REPORTS OF COMPANIES. PRODUCTION AT KAITAIA. BUTTER OUTPUT INCREASED. An increnso in the output of butter of nearly 176 lons, equal to 10.6 per cent., is shown in the 29th annual report of the directors of the Kaitaia Co-operative Dairy Factory Company, Ltd., for the season ended June 30. The total quantity of butter manufactured was 1121 tons. The total payment to suppliers for butter-, fat, together with th? further payment recommended to be paid from the surplus available, was £140,403, as against £129,416 for the previous season, an increase of"£10,087. The average payment for finest grade was Is 4.82 d a lb. The total paid as premium for finest grade rream was £3301

The directors stated thai the company was fortunate in being üblc to sell forward a large portion of its ortput at exceptionally good prices. The average realisation price was Is 3.6 d The fertiliser branch of the company was well established. !he total value of the fertilisers handled was £5720 and the branch's accumulated surplus was now £605. * The steadily increasing output of dairy produce in the Auckland Province bad necessitated extensive additions to the works of the Auckland Farmers' Freezing Company, Ltd., and the company's quota of the" new capital to finance these extensions was 1046 £1 shares. The directors recommended that the net surplus of £13,135 should be allocated as follows: —Dividend at the rate of 6 per cent, on capital, £760; further payment, at 1.4 d a lb. butter-fat, £11.374; bad and doubtful debts reserve, £219; leaving £202 to carry forward. It was certified that the weight of butter made from eacli pound of butter-fat used in the manufacture of butter was 1.23341b. A motion will be considered by the meeting of shareholders to increase the capital of the company to £40,000 by the creation of 20,000 new A shares of £1 each.

MANUFACTURE OF CHEESE. THE CAMBRIDGE COMPANY. The annual report of tlie Cambridge Dairy Company states that the Output for the season was 2995 tons of cheese. 774 tons of creamery kilter and 75 tons of whey hut.ler. The directors made forward sales of part of the season's make of both butter and cheese and this policy showed to very considerable advantage compared with realisations on tiie consignment market. The company had kept up its reputation for quality, which was satisfactory in view of the adverse reports from London regarding cheese. Monavale and Foncourt factories were first and second in the .season's grading for the Auckland Province. The profit and loss account for the year showed an estimated surplus in the cheese account of £14,649 and in the butter account, £bs3l 17s. These surpluses would allow of the final payments as follows: — Average advance to cheese suppliers, Is 5.03 d; final payment, 1.32 d; total pay-, out, Is 6.40 d. To butter suppliers Average advance, Is 3.3d; final payment, Llosd; total, Is 4.405(1. Messrs. T. Robinson and F. H. Anderson, who retire from the directorate by rotation, offer themselves for re-election.

BRUNTWOOD OPERATIONS. PRODUCTION AND QUALITY. Reporting on behalf of the directors of the Brunt wood Dairv Company, the chairman, Mr. 11. J, Ambmy, stated that advances had been made at the rate of 16.54 d. During the year 12.865.6841k of milk were received, yielding 515,0001b. of butter-fat. From this 1.554,4521k, or 604 tons, of cheese were made. The average test was 3.99733 and the average grading 92.71623. The cost of manufacture was 1.31930 d per lb. The season had been a record one lor production and for duality, the returns showing an average of 74 per cent, of finest cheese. The board recommended that out of the surplus of £2235 a further payment of Id per lk butter-fat lie made, bringing the total pav-out up to 17.54 d per lb. butter-fat. Mr J. W. Bartlett and the chairman retire by rotation, but offer themselves for re-election. OUTPUT AT MORRINSVILLE. PREVIOUS FIGURES ECLIPSED. [BY TELEGRAPH. —OWN COItRESPONDENT.] HAMILTON. Tuesday. All previous production figures were eclipsed by the Morrinsvillc Co-operative Dairy Company, Limited, last season, when the output of its butter factory amounted to 1577 tons as against 1212 tons for the 1928-29 season. The average payment made to suppliers, irrespective of grade, was 16.406 d To this is to bo added the dividend recommended to be paid upon the amounts paid up on shares, which upon the average is equal to .065 d. making the total average payment to eompanv's turnover during ihe 1929-30 season totalled £220.948. Its assets are valued at £50.542. Tim annual summary showed that the number of suppliers had increased from 90 in 1923, when the company was established. to 315 this year. The output had increased from 247 tons to 1577 tons, while the cost of manufacture had been reduced' l'rom 2.6 d per lk f.o.k, to 1.32 d.

HINUERA COMPANY'S YEAR. GROWTH OF OUTPUT. An output ot 687 tons of butter, compared with 665 tons in the previous year, is reported in the eighth annual report of the Hinuera Co-operativo Dairy Company, Limited, to he presented at the annual meeting on August 15. The directors state that an increasing supply rendered comprehensive extensions to the factory necessary This capital expendi-' ture still left the total of the company's fixed assets within the amount of paidup capital and reserves, but in view of the continued influx of new suppliers it, had been deemed advisable to increase the capital to £20,000. The. returns for the season had been greatly assisted by the tacts that butter values in New Zealand had not fallen so rapidly as in the overseas markets and that forward sales for export had proved very profitable. Tho final gross average butter-fat return of Is 4.651 d per lb., ir respective of grade, represented sub stantially more than tho average return from regular weekly sales in Great Britain. Tho average grading of butter made had been 92.754 points. Tho directors recommend that instead of declaring the usual 7 per cent, share dividend the whole of tho bo unce of tho funds available be distributed on a butter-fat basis at tho rate of 1 3-8 d pe ; lb. for butter-fat supplied flo,n ler to May, inclusive. It - cer .t.ed bv the auditors that tho we.fi of bulter made from each pound of bulte -f.it • 1 PlVilb and that no unsalted buttei was manufactured. Tho f o ll^, in K ''j fn lies tor the season arc- included with ro p or tNumber of suppliers, 101; cream received, 3,244,0301b.; average cream test, 39.11 per cent.; buUer-fat recejvecl, 1 268 9511b.; butter made, 1,539,/ Of lb., butter made per 1001b. of butter-fat, 121.331b.