DAIRYING.

Taranaki Daily News, Volume LV, Issue 127, 16 October 1912, Page 8

DAIRYING.

SUCCESSFUL CANTERBURY COMPANY. By Telegraph.—Press Association. Ghristclnirch, Last Night. The annual report of the directors of the Central Dairjr Company, to be presented at a meeting of shareholders on October 26th, states that the balance for the year, including the balance brought forward (£1364 17s 9d) from last year, was £7558 9s 6d, which the directors recommend should be dealt with as follows:—To pay the usual 6 per cent, dividend (£785), to write off buildings and machinery at the creameries (£1174). tri write off buildings and machinery at the factory (£390). a bonus to suppliers of y 2 d per pound on butter-fat supplied during the year (£3984), to pa.y a bonus of 5 per cent, on wages and salaries to those employees not affected by any award of the Arbitration Court (£94), the balance to be carried forward to next year. All bonuses unclaimed on March 31st, 1913, woiild be deemed forfeited to the company. The total milk supply reseived for tlie year was 48,628,140 lbs. The total cream supply received for the year was 405,546 lbs. The average price paid to suppliers had been 12.39 d, and with the proposed bonus of y 2 d per lb would make the price for t'lie year over Is o%d per lb of butter-fat. The butter manufactured was 2.217,393 lbs, or 980,90 tons, an increase of 58.37 tons on the previous year. Export shipments amounted to 297 tons. The balance (692 tons) was required lor local consumption. The quantity of milk taken to make one pound of butter iwas. 23.5 lbs. The present indications for the coming season were for good supplv and high prices.