DAIRYING INDUSTRY

New Zealand Herald, Volume LXIX, Issue 21248, 30 July 1932, Page 11

DAIRYING INDUSTRY

NORTHERN WAIROA COMPANY , t PROGRESS LAST SEASON SOUND FINANCIAL POSITION [by telegraph—OWN correspondent] DABGAVILLE, Friday There was an attendance of between 300 and 400 suppliers and shareholders at the 30th annual meeting of the Northern Wairoa Co-operative Dairy Company, Mr. J. H. Stubbs, the managingdirector, presiding. The directors' report showed that tho output had increased by 400 tons for the season, the total for the two factories being 2802 tons. The factory at Kirikopuni had justified its erection. The quality of butter during the season showed marked improvement. Although the butter did not grado exceptionally high, it was of very even grade. This was desirable as it was on consistency of quality that tho produce would build up goodwill. The manufacturing staff was to be congratulated and the suppliers also deserved praise for the gradual improvement in the quality of their cream. y "It is most important that tho supplier* should continue to endeavour to improve the quality of the cream," stated the report, "as by improvement in that direction we will be assured of better quality in our butter." The directors had continued to make reasonable allowance for depreciation and the financial position of tho company was better than: ever. In moving the adoption of the report already published Mr. Stubbs said there had been a great saving in manufacturing costs all round. The total savings during last year had been £9OOO and these would continue. Tho company was now on a very sound financial basis. Its investments were sound and fully worth the value placed on them in the balance-sheet. The balance of the last season's payout would be paid on August 20 and would, through the better prices received for unsold butter amount to more than the £26,000 shown in the balance-sheet. There was a fairly long digcussioD on the method of raising extra capital. The discussion hinged round the position of "dry" shareholders, many of whom had now left the district and could not be located. Eventually it was decided to appoint a committee to confer with the directors and report to a future meeting. Mr. A. L. Billing was re-elected auditor. Mr. 8,. A. Lewis, who is leaving the district, tendered his resignation as a directer after nine years' service. Eulogistic reference was made to Mr. Lewis' service to the company, and a motion' was unanimously carried making him a donation of £lO. Messrs. E. G. Appleton, C. N. Taylor and A. Morgan were nominated for two positions on the directorate. It was decided unanimously to protest to the Minister of Agriculture against the application for an additional licence for a dairy produce grading store in Auckland.

THE HINUERA COMPANY MOST DIFFICULT SEASON [from otm own correspondent] HAMILTON, Friday The annual meeting of shareholders of the Hinuera Co-operativo Dairy Company, Limited, was held yesterday, the chairman of directors, Sir. J. E. West, presiding. In moving the adoption of the annual report and balance-sheet, Mr. West said \ the company's average pay-out was well up to those of other companies throughout the year, although it was the lowest yet made. The past season had been a most difficult one and the production had been rather disappointing, as a marked increase had been anticipated. Tho financea of the company were in a sound position. Market charges showed a substantial reduction on. previous years and represented a saving of l-5d per lb. Commenting on the remarks made by the Governor-General, Lord Bledisloe, at, Matamata with reference to greasiness in New Zealand butter, which he considered was probably due to the large chums used iil manufacture, Mr. West expressed the opinion that greasiness was tho result of over-pasteurisation. Factories with small and large churns had found that the butter manufactured showed no variation in quality, as far as greasiness was concerned. Messrs. J. E. West, H. S. Wright and F. R. Gibson were elected to the directorate. OPERATIONS AT RAGLAN FURTHER INCREASE IN OUTPUT [FROM OUR OWN COl!respondent] HAMILTON, Friday A further increase in the output of the Raglan Co-operative Dairy Company's butter factory at Raglan was recorded last season. In their annual report the directors state that the amount of butter manu- . factured was 437 tons, as against 403 tons 16cwt. for the 1930-31 season, an increase of 8.25 per cent. Of the butter made, 81.47 per cent, was graded finest. Factory and marketing expenses to f.o.b. had been reduced, the saving being £790 to the company. 4 - Alterations were being made to the factorv plant, which would enable costs to be'still further reduced during the coming season. Hie directors stated a profit of £5370 was shown in the profit and loss account, and it was proposed to make a further payment to suppliers of l|d per lb. on all butter-fat received during the season, bringing the total pay-out up to 11.775 d for finest quality delivered at the factory. It is stated indications goint to an early start in production during tho coming spring. For the past season the amount of fertiliser brought into the district showed an increase of about 50 per cent, over that of the previous year. MANUFACTURE OF CHEESE TATUA COMPANY'S RESULTS ' [from our own correspondent] MORBINSYILLE. Friday Subject to unsold cheese realising th» amount estimated, suppliers of the Tatua Dairy Company, Tatuanui, -will receive ft total pav-out for the season of 12.34 d per pound of butter-fat. Thejcompanv, which holds its annual meeting on August 10, manufactured 877 tons of cheese during the season, a small decrease on last year s output. .i-i The chairman's report states that it u pleasing to bo able to report, that the cheese made this year has shov>n a marked improvement in quality, xho buildings and plant are in good order arid manufacturing costs are being steadily ioThe directors recommend a dividend of 3 per cent, on capital.