DAIRYING INDUSTRY

New Zealand Herald, Volume LXXI, Issue 21876, 11 August 1934, Page 14

DAIRYING INDUSTRY

SUNNY PARK COMPANY

STEADY INCREASE IN OUTPUT PAST 3EASON REVIEWED [from OUR OWN con respondent] M4TAMATA. Friday The increase in the factory's production of butter and cheese was commented upon by the chairman of directors, Mr. .T. Bell, who presided at the 'Sth annual meeting of the Sunny Park Co-operative Dairy Company at Te Poi vesterday. About (50 suppliers attended. The annual report, details of which were published in the Hkrat/d on August 2. was adopted. Mr.. Bell said the butter-fat received showed an increase of about 14 per cent. This was due principally to improvements on farms. Since 1930 the company's butter-fat figures had increased by 54 per cent. In the past season the directors had been fortunate in selling several parcels of butter on an f.o.b. basis. It had been more difficult. to dispose of cheese in the same way, however, as cheese buyers were not working on an f.o.b. system until well on in the season.

The company's finances were in a very sound position, Mr. Bell said. Buildings, plaut and other property had been paid for from share capital, and in addition there was a useful credit balance.

A dividend of 2| per cent on the amount paid-up on shares at May 31, 1933, was declared. Two retiring directors, Messrs. C. H. Dearlove and H. G. Mudford, were re-elected. Mr. T. A. Hopkins was also elected to the directorate.

The total pay-out for the season was 9.32 d per lb. for butter-fat for butter and 9.55 d for cheese. MILKPOWDER PRODUCTION WAITOA FACTORY'S OPERATIONS

[from our own correspondent]

TE AROHA, Friday

Regret that suppliers had had to face low prices during the season was expressed by Mr. F. Hay ward, the local director, who presided at the annual meeting of suppliers of the New Zealand Co-operative Dairy Company's factory at Waitoa on Wednesday. There was an attendance of about 150 suppliers. Mr. Dynes Fulton, chairman of directors of the company, and Mr. C. J. Parlane, general manager, were also present. Mr. Hay ward said a successful year had been, 'experienced and 4356 tons of milkpowder had been manufactured. The sales for the 12 months totalled 5738 tons. It had been decided to instal new machinery at Waharoa, where a conference of milkpowder groups had recommended that manufacturing should bo resumed. It was recommended that a supplementary payment of .25d should be paid to suppliers on August 20

Mr. Dynes Fulton spoke of his recent trip to England. He said it had been found necessary to increase the advertising to induce a greater consumption of New Zealand butter. This was done particularly to obtain larger sales in the Danish strongholds, the Midlands, north of England and Scotland. Mr. Parlane said the increase in the drying premium was over £3OOO, while the maintenance charges were increased by £700.* Milkpowder sales amounted to £75,000. The average supplementary payment, for dried milk was 1.9243 d. He considered the milkpowder industry to be in quite a sound position financially. The following were elected as the local committee: —Messrs. G. Fisk (Springdale), F. Brown (Waitoa) and P. H. Laxton (Te Puninga).

HATTRAKI PLAINS CO-OPERATIVE

PROGRESS MAINTAINED The nineteenth annual meeting of the Hauraki Plains Co-operative Dairy Company was held at Turua, Mr. A. H. Rogers presiding over a large- attendance of suppliers. The report stated that the output of cheese for the year was 795 tons llcwt., of creamery butter 91 tons llcwt., and whey butter 16 tons 14cwt., an increase of 63 tons 13cwt. of cheese and 15 tons of butter over the last season, making a new record for the company. The average payment for the year had been 8.57 per lb. butterfat for cheese and 8.45 d for butter. Proposals that the directors pay 5 per cent on paid-up capital, and a further Id per pound butter-fat to cheese and butter suppliers, were carried. The retiring directors, Messrs. G. Gray and S. G. Williams, were reelected.

HINUERA PRODUCTION INCREASE IN OUTPUT An increase of 22.36 per cent in production is reported by the directors of the Hinuera Co-operative Dairy Company, Limited, for the year ended May 31. The output of butter amounted to 1264 tons, as against 1033 tons in the previous year. Operating costs were further reduced and were 1.33 d per lb. of butter-fat from factory stage to f.o.b. The larger output necessitated additional packing space and a box room at the factory, which was provided at a cost of £529. A sum of £795 was spent in now plant. A share bonus of id a pound on the total butter-fat for the season and an interim bonus of 2d were paid on July, 20. The directors recommend payment of 5 per cent interest on paid-up capital, and, provided the valuation of unsold butter is realised, a further bonus will be paid later, bringing the total butter-fat payments for the season to 9.34 d a pound, irrespective of grade. In the previous season the average return was 9.74 d a pound.