RACE FOR YIELD OF CHEESE

Otago Daily Times, Issue 23925, 28 September 1939, Page 3

RACE FOR YIELD OF CHEESE

TENDENCY AT FACTORIES A race for yield, which was a fea- - ture in the days of standardised cheese, . is beginning again, according to a statement made by the auditor, Mr H. A. Lennon, at 'the annual meeting of shareholders of the T. L. Joll Cooperative Dairy Company,. Ltd., at Kapuni. “ It is quite apparent to me from my review of several balance-sheets that the race for yield, which was such ai feature in standardised cheese days, f with such lamentable results, is commencing again,” declared Mr Lennon. “ You will find that the Dairy Division ’ will step in and stop it; in fact, it has already made a move in that direction. You cannot have high yield at the ex- ~ pense of tests or weights. Honesty is the best policy. “In comparing pay-outs you should remember that there is no such thing as a really standardised balancesheet,” cpntinued Mr Lennom "Some companies go on prudent lines and [ charge sufficient depreciation; others . do not. Some companies pasteurise; others (not many) do not. Some companies supply hot water, but others do not. Then there is always the " variable quantity of repairs and main- - tenance, depending on peculiar circumstances.” ‘ • ;