DAIRY INDUSTRY

New Zealand Herald, Volume LXXI, Issue 21880, 16 August 1934, Page 9

DAIRY INDUSTRY

HINUEEA ACTIVITIES COSTS OF PRODUCTION NEED FOR LOWERING STRESSED [from our own correspondent] MATAHATA, Wednesday There were about 90 suppliers at the twelfth annual meeting of the Hinuera Co-operative Dairy Company yesterday. Mr. J. E. West presided. Mr. West said that in his opinion the only reliable form of improvement for the dairying industry was by way of reduction in costs through a lowering of interest rates, road rates and tariffs. For a long time the directors had endeavoured to secure a reduction in freight charges to Auckland, which cost the company more than the whole of its manufacturing costs, but they had not yet been successful. The present system of electing members of the Dairy Control Board on a tonnage basis, and the policy of advertising only in Great Britain and not in likely new markets, was criticised. It •was decided to recommend to the Government that the system of electing members to the board be altered from a tonnage basis to that of one man one vote. On the motipn of Messrs. J. E. Davidson and S. Gunn, it was decided to pay 5 per cent dividend on share capital. Messrs. J. Cotter and S. Wright, retiring directors, were re-elected, and Mr. V. S. Tyrrell was elected in place of Mr. T. Corry, who had resigned, COMPANIES IN WAIKATO PAYMENTS FOR JULY [from octr own correspondent] HAMILTON, "Wednesday The Morrinsville Co-operative Dairy Company, Limited, has decided to pay its butter suppliers 83d per lb. for finest butter-fat supplied during July. In addition to lOd per lb. butterfat for milk supplied for cheesemaking in July, the Norfolk tive Dairy Company, Limited, will distribute £1640 in the form of a bonus this month.

TOKOROA CHEESE OUTPUT SLIGHT DECREASE SHOWN [from our own corbksfondent] PUTARURTT, "Wednesday In their report to be presented at th» 15th annual meetiug of the Tokoroa Co-operative Dairy Company, Limited, next Tuesday, the directors state that the cheese produced for the season totalled 360 tons, compared with 361 tons in the previous year. The earliermonths of the season gave promise of record production aid the figures at the end of December showed an increase ol 20 tons, but a poor autuinn, with a consequent falling off of the milk supply, had more than offset the results of the earlier months. The season had been one of particularly low prices. Most of the cheese, in the absence of any f.o.b. offers, went forward on consignment, realising at times as low as 42s per cwt. In May, however, the directors were fortunate in making a sale of the balance of the output, totalling approximately 90 tons, at 5d per lb. net, f.o.b. This sale had helped very considerably.

The average pay-out over the season was 8d per lb. batter-fat and a farther payment of 1 l-16d per lb. was made in July. It was anticipated that when the final realisation figures were completed it would be possible to make a further distribution, bringing the average payment for the season up to 9Jd per lb. butter-fat.. BUTTER-FAT PAYMENTS TAURANGA ASSOCIATION ' % [by telegraph—own correspondent] TAURANGA, Wedneeday The Taurauga Co-operative Dairy Association, limited, will pay to suppliers on August 20, for butter-fat of first grade supplied last month, 9d per lb., with a premium of a halfpenny per lb. for superfine quality. A further payment of one penny per lb. will also, be made on butter-fat supplied during the months of November, December ana January. <- VALUE OF HIGH EXCHANGE FEILDING COMPANY'S RETURNS [by telegraph—own correspondent] FEILDING, "Wednesday The importance of the high exchange to dairy farmers was emphasised by Mr. C. G. C. Dermer, chairman of the Cheltenham Dairy Company, at the annual meeting to-day, when he pointed out that the £37,916 for London exchange premium on the company'ti exports was almost sufficient to pay the bonus at the end of the season. The premium this year was greateir by £10,869 than the total of the export charges on the company's butter, said Sir. Dermer. If the exchange rate had been at par the pay-out would t have been no greater than the average advance rate of approximately 7sd per lb. butter-fat.