DAIRY OUTPUTS

New Zealand Herald, Volume LXXV, Issue 23103, 30 July 1938, Page 11

DAIRY OUTPUTS

PROPOSED PAYMENTS HAURAKI PLAINS COMPANY OVER 14D FOR BUTTER [liY TEMXRArir —own con respondent] THAMES, Friday In the animal report of the Hauraki Plains Co-operative Dairy Company, which will ho presented at the 2.'ird meeting, to be held on I hursday, the directors state that the estimated payment io suppliers (or tln* season lor cheese was M.!)o7d. tin 1 actual final payment being 10.78.id. and for butter I I.lMilid, tlie actual final payment being 11.OOUd, luiih inclusive of dividend 011 shares, which was e<|iial to . IB2d.

The total chees" manufactured during the past season was Otifj] tons, as coiupai" 1 with *!)(> tons made the previous year, a decrease of l.'i.'!} tons. The decrease is attiibnt >d mainly to the adverse weather experienced hist spring and again in the latter part of the season. I lie total butter nun ufactured was 1•) tons of creamery and 14 tons l.'icwt, of whey butter. Suppliers loj- cheese-making have received an average payment over all grades oi 1 I..'{,S|.)d. while the amount available for distribution in the appropriation account will allow a deterred payment of 2.1078 d. which includes • 212!1d share capital interest. Suppliers for butter-making have received ;in average advance payment over all grades of 12.W:«jd per lb. of hutteria t. while the amount available for distribution in the appropriation account will _ allow a deferred payment of 2.1 lo2d. which includes .212!Jd share capital interest. Ihe jibove amounts include the Government supplementary payments of .21 d per lb. for cheese and .11(1 per lb. for butter.

It is recommended that •"> per cent interest bn paid on paid-up share capital as iitjliinc* 30, ]!),'{<. 'litis amounts io 1'G.57 7s Bd. A supplementary payment will he made at the annual meeting to bring the cheese pavment to Ls 4d and the butter payment to Is the balance to bo paid when final realisations come to hand.

HIGH BRUNTWOOD PAY-OUT. PROBLEM OF SHORTER HOURS [l-'KO.M OUR OWN' COKKKSI'ONDKNT] CAMBRIDGE, Friday At the annual meeting of the Bruntwood Co-operative Dairy Company. the chairman of directors, Mr. W. A. l'erry, indicated that the average pay-out would be 16.309 d. WJii Io the weather had not been .favourable. Mr. Perry said, the chief difficulties in the past season had been the reduction in hours of work in the taetory and increased wages. Cheese could not be made properly by the clock and a great deal of overtime was involved. The company had closed its factory for the past two months. Suppliers had home-separated their milk, the cream being sent to a neighbouring laetory. He felt that if a strong pro~ test were not made, the new award would reduce hours even more. As a result of the shorter hours, the quality of the cheese had suffered considerably. 1 he pay-out would have been greater but for a reduction in yield. However, the test increased, lessening the cost per lb. butter-fat. As a result, costs had risen only from 2.94 dto 3.13 d per lb A resolution was passed drawing the attention of the Minister of Marketing, Hon. W. Xash, to the fact that the price paid for cheese for the season 1937-38 was insufficient to provide the margin of 2d per lb. over butter, as promised, and requesting the Minister to implement the promise.

CAMBRIDGE MEETIKG ST RONG FINANCIA L POSITION [from ouh own cohrespondent] CAMBRIDGE, Friday A large number oi' suppliers attended the annual meeting; of the Cambridge Co-operative Dairy Company, Limited, to-day. The chairman. Mr. W. Harbutt, presided. A supplementary payment totalling £29,584; was made after the meeting. In reviewing the balance-sheet Mr. Mervvii Wells, a director of tlm company, said that it clearly revealed the financial strength of Cambridge, if one deducted from the liquid assets of the company the immediate liabilities, including the £29,58-1 paid out to-day, and also including the further deferred payment of £IO.OOO, there would bp a surplus of £24,152. an improvement of several thousand pounds since last year. "It is reassuring to note that if the fixed assets of the company realise the balance-sheet values, then there is £1 3s 2d to meet every £1 share allotted," added Mr. AY ells. "An examination of the fixed assets shows that their total value is £39,762." The directors' honorarium was fixed at £340, the same figure as last year. 'I he three directors who retired from the board were re-elected. The voting was as follows:—W. Harbutt, 630 votes; R. J). Fisher, 50o; J. W Garhind, 477; C\ Russo, 333.