DAIRY PRODUCTION

New Zealand Herald, Volume LXXII, Issue 22172, 27 July 1935, Page 9

DAIRY PRODUCTION

THE RAGLAN COMPANY DECREASE FOR SEASON FURTHER BUTTER-FAT PAYMENT [from our own correspondent] HAMILTON, Friday The books of the Raglan Co-operative Dairy Company, Limited for the 193435 season were closed on May 31 instead of June 30 as was previously the case, and in consequence the annual report covers 11 months' operations only. The chairman of directors, Mr. J. Donn, stated that Raglan had experienced the driest season, this year the district had known for many years, and there had been a decrease of 21.35 per cent in the company's production of butter compared with the previous season. The company made 467*2 tons in 1934-.%, as compared with 595 i tons for 1933-34. .Owing to more strict grading regulations and to the fact that daily delivery ceased two months sooner than usual, there was a wilder margin between cream grading and butter grading. During the last season 68.93 per cent of the cream and 82.8p per ; cent of the butter were graded finest, j while for the previous season 85.48 per ' cent of the cream and 84.08 per cent j of the butter were graded finest. ReI ports on the butter exported had been ! very satisfactory and reflected credit on the staff. The average estport grade, which covered 97 per cent of the output, was 93.154. Manufacturing costs were slightly higher at .87(1 per lb. as against. .Sid last season. The company's trading account turnover amounted to £9450, leaving a net profit of £196. Mr. Donn said the average advance payment for finest grade delivered at the factory had been 8.0334 d per lb. butter-fat. The directors proposed to make a further payment of 1 5-8 d per lb. on all butter-fat received, bringing the total payment for the season up to 9.G58d. It was recommended that no interest be paid on share capital this year. TE AROHA-THAMES VALLEY ADDITIONS TO FACTORY [from our own correspondent] HAMILTON, Friday The fifth annual report of the Te Aroha-Thames Valley Co-operative Dairy Company, Limited, discloses that the company was fortunate in its experience, in that its output for 1934-35 showed an increase, the quantity of butter manufactured being 2352 tons, as against 2262 tons for 1933-34. Owing to the drought, the output, however, was not up to expectations. The company has declared a final payment for the season as follows:—s-8d Rer lb. on j September, October, November, Dej ceinber, February and March butter- ; fat, and id per lb. on April butter-fat. i This brings the total average pay-out, j including cream cartage, share capitalisation and dividend on shares, to 10.1726 d per lb. superfine. Manufacturing costs had been reduced from .740 d to .720 d per lb. Total costs up to f.o.b. j stood at 1.435 d. The loans of £21,500 raised to purchase the business in 1930 had been reduced to £7600, and paid-up capital hrtd been increased by £3740. A dividend of 6 per cent on share capital had been paid. The factory w£»s being en- ; largcd and additional plant was being installed. The company's butter had graded an average of 93.496 for the season. THE BRUNTWOOD COMPANY I AN EXCELLENT PAY-OUT 1 [hrom our own correspondent] 1 HAMILTON. Friday "The season just closed has been a memorable one, inasmuch as our dis- ! trict suffered an abnormal drought during the summer months, when other , parts of the North Island enjoyed a beautiful season of supply," said Mr. W. N. Perry, chairman of directors of the Bruntwood Co-operative Dairy Company, Limited, .in his annual report to the shareholders. He added J that the drought conditions had been entirely responsible for the company's decline* in output. Fortunately, however, copious rains fell in the early autumn and somewhat mitigated the effect of the lower production of the summer months. Mr. Perry said that after all realisations of unsold stocks for the season ended May 31 had been made, the payment for the season attained 10.52 d per lb. butter-fat. During; the season 833 tons of cheese was manufactured. The average test was 4.081297, and the average grading was 91.86£i32. The cost ■ of manufacture, distribution and overhead charges totalled 1.07564 d per lb. cheese. Mr. Perry congratulated the factory management on securing the championship for the Auckland province in addition to first prize for coloured export cheese at the Auckland Winter Show. The annual report said that advances were made during the season at the rate of 8.97 d per lb. butterfat and the surplus in the profit and loss account will allow for a total payout for the season up to date of 10.265 d per lb. An immediate distribution of 1.25 d per lb. over the whole season is recommended. N During the year 17,689,7231b. of milk were received, and from this over 833 tons of cheese were manufactured. CAMBRIDGE FACTORIES DECLINE IN OUTPUT [from our own correspondent] CAMBRIDGE. Friday About 200 farmers, a much larger attendance than last year, were present at the annual meeting of the Cambridge Co-operative Dairy Company, Limited, held in the Town Hall to-day. Owing to a severe drought during the flush of the season, the production of 1 butter-fat decreased by 8.28 per cent, ' according to the annual report. The actual amount handled was 4,409,4501b., which was manufactured into 2821 tons of cheese, 1045 tons of creamery butter and 103 tons of whey butter. I The manufacturing and marketing acj counts for the year show an estimated i surplus in the cheese account of £4838, and in the butter account of £10,122. These surpluses will permit of a final estimated payment as follows: —To cheese suppliers: Average advance payment, 8.874 d; final payment, 0.469 d; total, 9.343 d. To butter suppliers: Average advance payment, 8.036 d; final payment, 1.256 d; total, 9.292 d. Speaking to the report, the chairman, Mr. W. Harhutt, pointed out that during the drought the decline in production was 21 per cent for January and nearly 27 per cent in February. With the breaking of the drought the production of butter-fat recovered quickly, with the net result that the decrease for the whole season was 8.28 per cent. With the outlook for the cheese market appearing unfavourable, the directors decided to stop cheese-making a month earlier than last year. 'This resulted in a decrease of CB3 tons in cheese manufactured, from 3504 to 2521 tons. The three directors who retired bv rotation, Messrs. W. Harbutt, J. W. Garland and R. D. Fisher, were reelected unopposed. It was decided that no interest be paid on share capital i for the past year.