DAIRYING

Southland Times, Issue 20586, 10 September 1928, Page 4

DAIRYING

THE PUKERAU FACTORY. REPORT FOR THE YEAR. The annual report of the Pukerau Dairy Factory Co., Ltd., for the year ended July 31, 1928, states: —Your directors have pleasure in presenting the 19th annual report and balance sheet for the year ended July 31, 1928, and this shows the past to have been a successful season. Payments from the New Zealand Dairy Produce Board on cheese shipped last season have been received and were disbursed to suppliers, bringing the pay-out on last season’s butter-fat to 1/4 per lb. During the season 174 tons 17cwt. of cheese was manufactured. One ton was sold to suppliers and the balance, with the exception of the December make, wase sold to Wright, Stephenson and Co., Ltd., at 84 per lb, f.o.b. to the end of November and 8 5-8 d for the remainder. December’s cheese was consigned through the New Zealand Producers’ Marketing Association and Messrs Henderson and Co., and realized equal to 9d per lb, f.o.b. Payments for butter-fat were at the rate of 1/6J per lb. Under the calf scheme, 309 calves were put through, the price being 9/- each. It is expected that the price for these will be fully better this next season. Fees for the testing of suppliers’ herds were also collected and paid over to the Southland Herd Testing Association, as in previous years. The prospects for the incoming season are bright, and though your directors have not sold up to the present they are watching the market closely. The directors recommend that a dividend of 5 per cent, on the paid-up capital be paid from the amount carried forward from profit and loss account. The retiring directors are Messrs G. Gordon and J. McDonald who are eligible and offer themselves for re-election. Further nominations will be received up to Thursdav September 13, 1928. The factory’s summary shows:—Milk supplied 3,984,6921b5, butter-fat 147,5861b5, average test 3.70, cheese manufactured 391,7351b5, butter manufactured 74401b5, pounds of milk to lib cheese 10.17, pounds of cheese to 11b butter-fat 2.65.