TIKORANGI DAIRY COMPANY.

Taranaki Daily News, 12 August 1921, Page 2

TIKORANGI DAIRY COMPANY.

ANNUAL REPORT. Tho twenty-sixth annual report 'of the Tikorangi Dairy Company was as follows.- — ' Your directors have much pleasure in submitting their report and statement of accounts. The balance to credit of the working account is £3501 6s lid, which it Is proposed to distribute as follows:—2%d on fat supplied to March 31. bringing the total payment for fat during the season covered by the sale to the Imperial Government to 2s 9d and 2s B%d per lb. to cream and milk suppliers respectively; also a further payment of 3d per lb. on fat delivered from April 1 to June 30, and when the final returns are received from tho casein company another 3d per lOOlbs. of milk supplied for casein, bringing the total combined payment for fat and casein up to the end of March to 2s 11 %d per lb of butter-fat. The average payment for fat over the whole year is 2s B’4d, plus 2%d for casein. The buildings and plant are in good order, and as the result of continuous writing down, now stand on the books at a very low figure. The retiring directors are Messrs. C. Foreman and J. Foreman, who are eligible for re-election. Milk received, 4,755,5291b5.; butter made, 337,3421b5.; cream received, 247,8301b5.; fat from milk, 194,0581b5.; fat from cream, 88,8591b5,; average milk test, 4.02.