DAIRYING SEASON

New Zealand Herald, Volume LXXII, Issue 22145, 26 June 1935, Page 13

DAIRYING SEASON

THE RODNEY COMPANY YEAR'S PAY-OUT ABOUT 9D The 10th annual report of the Rodney Co-operative Dairy Company, Limited, Warkworth, for the year ended May 31, states that the season was again a disappointing one for prices, and at no time did values on the English market exceed the average of 87s per cwt., compared with 102s reached during the previous season. The directors had again accepted offers for butter f.o.b. which had been to the company's advantage.

The total butter manufactured was 631 tons §cwt., an increase of 3 tons 9Jcwt. The balance available for distribution is £7798, and the following bonus payments will be made on July 20:—l£d per lb. butter-fat for August, March and April; 2jd for September, October, November and December; gd on January butter-fat; lid on February; and £d on May. The directors also recommend the payment of 4 per cent dividend on paid capital, this making the average payment for the season on all grades just over 9d per lb., compared with 9d per lb. in the previous year. With cream cartage added, the totai payment is 9.01 d, against 9.4 d. The retiring directors are Messrs. A. S. Carran, C. F. Hooper and L. A. Petherick, who are available for reelection. ALBERTLAND CO-OPERATIVE OUTPUT AND PAYMENTS (_FEOiI OCR OWN correspondent] WELLSFORD, Tuesday The directors of the Albertland Cooperative Dairy Company, Limited, in their 32nd annual report state that 841 tons of butter were made during the season, and the output would have been higher had not the July supply been diverted to Hakaru and Rodney, while the company was changing over to its new factory at Te Hana. The new site at Te Hana has proved satisfactory and an excellent supply of water has been secured, the flow being about 35,000 gallons daily. It is proposed to make further payments about July 20 as follows: —For November and December supply, 2§d per lb. butter-fat; January, Id per lb.; and February, lid. As soon as realisations arc received from London further payments should be made at the rate of 2jd for March and April supply, and Id fcr May. This would make an aver ago payment over the whole season at the farm gate on the average grade of 9d per lb. butter-fat. without adding cream carting. The secretary of the company states that since the report was made up the market price in England has improved enough to allow for an additional payment of Jd per lb. over the whole season .

The number of suppliers increased from 108 to 292. mainly from the Hakaru district. The average grade of the butter graded was 93.55. compared with 93.15 last season. There was a hig increase in the turnover of the trading department, goods to the value of £19,316 being sold. The annual meeting is to be held at Wellsford on July 19. Two directors, Messrs. H. M. Neal and J. D. Stewart, are eligible for re-election.