THE DAIRY INDUSTRY

Taranaki Daily News, 12 July 1929, Page 19

THE DAIRY INDUSTRY

KAIMIRO DAIRY COMPANY SIXTH ANNUAL MEETING. SOUND POSITION DISCLOSED. The sixth annual meeting of the Kaimiro Co-operative, Dairy Company was held in the Kaimiro hall yesterday, when Mr. H. W. G. Shoemark, chairman of directors, presided over a good attendance of shareholders. The report for the year ending April 30 stated that the year just closed had been a record one for production, the amount of cheese manufactured exceeding the previous record season—l92s-26 —by nine tons. Early in the season Mr. Scott resigned from the position of manager and Mr. W. A. Cave was appointed in his place. The whole of the season’s produce was on consignment and to date the_ result was as follows: Average pay-out for Sutter’ Is 4.65 d, plus y 3 d to reserve, Is d.lod; average pay-out for cheese, Is 0.67 d, plus |d to reserve, Is 6.17 d. There remained a balance of Id per lb. butterfat over the cheese making period in the sin-plus account, making a total for the year of Is 7.17 d. February, March and April makes of cheese had not yet been sold, and there was every possibility of this cheese obtaining higher prices, with a corresponding increase in the pay-out. A bonus of Jd per lb. over the cheesemaking period would be paid on July 20, and the balance when available. Statistics w’ere submitted as follow: Cheese-making.—Milk, 4,300,6071 b; but-ter-fat, 159,2351 b; average test, 3.70; cheese (gross factory weight), 430.082 lb; lb. of milk to lb. of cheese, 101 b; Jb. of cheese to lb. of butter-fat, 2.701 b; whey butter, 10,9971 b; lb, whey butter to ton of cheese, 571 b. Butter-making.—Milk, 226,4511 b; but-ter-fat, 97821 b; average test, 4.32; lb. of butter to lb. of butter-fat, 1.161 b.; butter made, 11,3981 b. Cheese made for the year was 192 tons Ocwt. Oqr. 21b, whey butter, 4 tons 18 cwt. Oqr. 211 b, and creamery' butter, 4 tons 7cwt. Iqr. 101 b. The cost of manufacture per lb of but-ter-fat to f.0.b., allowing for the cost of manufacture, was 2.5 d per lb for butter and 3.6 d per lb for cheese.

CHAIRMAN’S ADDRESS.

In moving the adoption of the report and balance-sheet the chairman congratulated shareholders on the splendid season they had had, both as regards supply and management ofthe factory. The supply had greatly increased, being a record, while the working expenses had been reduced.

They had already paid out Is 6.17 d per lb butter-fat for cheese, and a further penny was available. Owing, however, to the considerable rise in price as compared with the price at which the cheese had been estimated, it was expected the pay-out would be increased.

At the beginning of the season prospects looked so bright that, although tempting offers to purchase were received from seevral firms, all at the one price, the directors did. not sell. They might be asked why they did not sell, but the fact remained that they did not. All their produce this year had been consigned, and unfortunately this was one of the years when the sellers came out best. He was pleased to report that the financial position of the factory was so sound that the directors had been able to arrange with the bank so that the Id per lb butter-fat deducted towards the reduction of the overdraft could bo reduced to %d per lb, and he thought it could be soon done away with altogether, though probably the joint and several might have to remain'for a while.

Mr. Shoemark pointed out that while the number of suppliers had decreased, those who remained were certainly delivering the goods, as the supply had gone up and their expenses had been reduced and now compared favourably with any company in Taranaki. With new suppliers and the continued loyal co-operation of the present suppliers their working expenses could be further reduced, placing the company in the best position of any in Taranaki.

■STANDARDISED CHEESE.

./hiring the year various experiments had been tried in connection with the manufacture of standardised cheese, but the directors were not altering their present system until they were assured that standardising was going to be a success. However, if standardised cheese was going to bring the same price as fulbcream cheese, there wsis nothing for it but for the company to make standardised cheese, because they could then make butter and cheese from the same milk.

A supplier: Would it pay to manufacture standardised cheese with the milk test averaging 3.70? The manager said the company could make standardised cheese. It was not a question of the test but of the fat that could be incorporated in the cheese. Giving comparisons with two years ago, the chairman pointed out that their output had been 192 tons of cheese, five tons of whey butter - and 4% tons of creamery butter as against 183’/ 2 tons of cheese, 5} tons of whey butter and 2% tons of creamery butter. Wages, requisites, fuel and repairs showed a considerable decrease, the total charges to f.o.b. this year being £2440 15s 4d, as compared with £3339 19s 5d last year. The retiring director, Mr. G. W. Gibson, was re-elected unopposed.

Mr. T. C. H. Nicholls was re-elected auditor. It was resolved that the’ honorarium of the chairman bo the same as last year.

On the motion of Messrs. L. Goppcrth and F. Irvine it was decided not to supply hot water at the factory. No dividend is to be paid on share capital. The shareholders’ appreciaation of the services of the manager and staff are to bo placed on record, and it was resolved to vote the manager a bonus of £7 10s and the first assistant £2 10s.

At a subsequent meeting of directors Mr. G. W. Gibson was elected chairman of directors.