TAIERI AND PENINSULA MILK SUPPLY COMPANY.

Otago Witness, Issue 2692, 18 October 1905, Page 23

TAIERI AND PENINSULA MILK SUPPLY COMPANY.

The directors' report of the Taieri and Peninsula Milk Sxipply Company has just been circulated.. The balance tor the year, including the haiance brought forward (£1642) from last year, is £9215 4s, which i* is recomn■ended shall bo dealt with as follows: — To payment of dividend at the rate of 8 per cent, per annum, which will Sibsorb about £1792,

»nd a bonus of Jd pel lb on. the butter fat, in proportion to the quantities received from eacn supplier dutring the year. This will require . about . £4762, and the balance to be ' carried forward to next year's account, £2600 163 2d. The- quantity of milk purchased during the year for 'butter-making was 113,827,498 ipounds, producing 4,410,375 pounds of butter fat. The amount of butter churned was 2217 •tons. The amount" of butter made up was 2194~-tons; the loss in making up 23 tons. The quantity of milk" purchased for selling purposes was 403,506ga1; tha quantity sold Sfl4,ol3gal; the loss in selling, 12,144ga1; amount of cream sold, 68,653 pints; the loss in distribution, 193 pints. During the year ■we erected large refrigerating stores, -which enable us to save considerable sums by freszi«g our butter for shipment to South Africa. The saving on this alone, including the Go'onmenttsubsidy, amounted to'£67ol, besides T?ie chsffges that would have been incurred' ~sor haulage, handling, etc. A complete plant -was also erected foT making butter boxes, at s. cost of £600 ; by this means a saving -of ' about £800 per annum is anticipated. Another ~j?!easing fea-ture l *is -the reduction" of the" rate v «f freight on export butter. This, in the 'coming i season, will considerably assist the company's : finance, and increase 4 the rate to ' "Suppliers.