THE DAIRY INDUSTRY

Taranaki Daily News, 25 July 1929, Page 18

THE DAIRY INDUSTRY

OAONUI DAIRY COMPANY THIRTY-THIRD ANNUAL MEETING. INCREASED PRODUCTION SHOWN. The thirty-third annual meeting of he Oaonui Dairy Company was'held in he Oaonui Hall yesterday, when Mr. . Young, chairman of directors, preided over an attendance of about 80 uppliers. The report showed that Statistics for the season were; — Central factory.—Milk, 6,002,61 Gibs; utter-fat, 241,0791b5; cheese, 651,9051b5; is milk to lb cheese, 9.2; lb cheese to js butter-fat, 2.7; average test, 4.016. Arawhata factory—Milk, 6,616,9951b5; utter-fat, 271,3271b5; cheese, 719,9331b5; )s milk to lb cheese, 9.19; lbs cheese o lb butter-fat, 2.65; average test, .1. -<Kpha factory.—Milk, 3,521,3571b5; utter-fat, 152,2031b5; cheese, 397,1841b5; >s milk to lb cheese, 9.62; lbs cheese to j butter-fat, 2.6; average test. 3.982. Totals.—Milk, 16,440,9921b5: bnttcrit, 664,6111b5; cheese, 1,769,0221b5; lbs lilk to lb cheese, 9.29; lbs cheese to 3 butter-fat, 2.66; average test, 4.042. Cheese made to end of December was l>l<l to Messrs A. J. Mills and Co. at

satisfactory figure, and the balance f the season’s make was placed in their ands for disposal on open consignment, t was pleasing to note that the intake f milk had again shown a big increase. The Kina factory, built by Mr. J. W. oon and equipped by Messrs McMillan nd Fredric, was opened during. October, nd was up-to-d.ate in every, respect. . Payments to suppliers had been made uring the season as follows: —June and uly, Is 4d; August to December, Is d; January, and February, Is . 6d; larch and April, Is 3d; May, Is 4d; nd there now remained a balance of 3922 17s Id to be distributed to supliers by way of interest on shares and anther payments. Whey, starter and home separated ream was again forwarded to Pihama or manufacture, and there would be urther substantial bonuses to come as urpluses come to hand. General statistics were submitted as ollows, with those of the previous year i parentheses: —Total milk received, 6,704,5101bs (14,263,1851b5); total but-er-fat received, 677,656.31bs (572,32,'01b5); detailed cost per lb butterit —export charges, ,249 d (.247d); boxes nd crates, .45Gd (,488d); cartage, .30/d ,300 d electric power, ,037 d (.043d); iiel ,264 d (.330d); stores and requis;es, .539 d (.521d); salaries and wages, 85d (1.044 d interest, .081 d (.141d); epreciation, ,216 d (.210d); other barees? ‘2B6d (,315d). Total costs per > butter-fat as, above, 3.420 d (3.639 d CHAIRMAN’S REVIEW.

In moving the adoption of the repoit ndbalance-sheet, the chairman said ire total intake of milk had increased V two and a-half million pounds, and he butter-fat by 105,2241b5. This was very pleasing result, and the sha olders were to be congratulated, as he result amply demonstrated that betw methods of farming were being used, e hoped the same increase would be vident during the coming season. The quantity of cheese made d last season by 128 tons and both he yield of cheese per lb of fat and he average test were higher thani last eason, whilst it took less milk by !21bs to make a lb of hat their managers had, by more up o date methods °of manufacture, given otter returns than they had secured "Regarding additions to the P lant ’ hairman said they <^ sl * tc n d J a new ions to the waxing plant and a ne eceiving vat at the main factorj>. Beore purchasing this machine, the di ctors went very thoroughly into the uestion, and the results more than. justified the purchase. In the sale of cliee the end of December they saved 354 1 13 s 4d. The plant cost £Bo and he wax used cost £47. Thus, in the rst five months of its use the machine laid for itself, and showed a profit of •220. The addition to plant and ma hinery at Arawhata was a- boiler feed lump and that also was necessary fencing and tree planting were carried U A further call was made during the rear’by the Egmont Box Company <>» heir shares, thus increasing that item o los from £lBB4 12s last y ear * Jheese on hand represented all cheese n works and factory taken into stock it Rd per lb. That was considered Ife prFce and should show a good suiilus There were 690 crates more le works at balance-time this year . year, but since closing «ae looks it had all been lifted by Home ’tetners. On the liability side share -apital had again increased by £lld. EARLY OFFER ACCEUTED. At the beginning of the season tne it "o“ were loJtunate la seourmg an er of Did for clieese t 0 tlie , eud { December, which they accepted. Iha lad Allowed them to pay out Is i or butter-fat supplied durmg that p-a-nd The final payment of lid was oe ° ’ made that day. Cheese made from anuary to the end of the season ha« pen consigned and had returned so far atisfactory prices. The receipts show!d an incase of £ll,OOO on the predous season. Cream sales weie sll f ? 1 v less That was caused by the Gov ?nment introducing legislation provenit\kimrnin" of starter milk. The ,uest on of standardising was also in■rodticcd by the same regulations, but Im directois considered it was too much if a speculation to rush into and de- ' to move in the matter until ■hev had more information. It now ap- ' J- t had come to stay, and S company would probably have to eminence standardising during © : °sr S thT a side, all charges •? L exception of fuel, trade exWltl nnd interest showed an increase, >e " SC Jto the extra quantity of produce mndfed. But if they b butter-fat, which, le ’al - was lepantment had becn . ® XC \^ y woU ]d in In regard to repairs they y die coming season have afa y 1 ? fill to face again, as at the cent 'nni-nrv a new pasteuriser had Sb c s i»

with a much larger one, and the boiler funnel had to be removed.

Final payments to suppliers over the cheese period last season finished up at Is 7id. The grading for the year showed an improvement, as follows: —Main factory, 3977 crates, 675, or 16.97 per cent graded finest; 3269, 82.2 per cent, first; and 33, .83 per cent., second. Arawhata, 4405 crates; 440, or 9.98 per cent., finest; 3757, 85.29 per cent., first; 208, 4.73 per cent., second. Kina, 2440 crates; —; 2440, 100 per cent., first. Totals, 10,822 crates; 1115, or 10.21 per cent., finest; 9466, 87.46 per cent., first; 241, 2.33 per cent., second. The company had last year to undertake necessary improvements, and now had the factory up to standard. It would not be necessary to do any further improvements for some years, Mr. Young thought. The factory was now equipped in a manner that should enable the staff to turn out a first-class article, provided the suppliers continued to send a firsit quality milk. The secretary stated that there would be sufficient available to make an average payment of Is over the whole season. Mr. Pennington considered that the cost of renewing the pasteuriser and the separators should be placed to capital account instead of repairs and renewals, especially as heavy depreciation was written off each year. The secretary stated the auditor would not permit that to be done. Mr. Gardner considered some improvement would have to be effected to the Kina factory water supply as it would not cope with an increased output. The directors had the matter in hand, said Mr. Young, but it would prove somewhat expensive. Meanwhile, he pointed out, the Kina Road factoiy had turned out I'oo per cent, first grade. The main and Arawhata factories were also badly off for water. He understood a water - scheme was mooted and the company would' assist such a scireme. Replying to Mr. R. Bayliss, the secretary said there had been a big saving in shrinkage through waxing. ’ All seven directors retired and the election resulted: —Central, one member, J. Young, re-elected unopposed. Arawhata, one member, E. G. Holmes, reelected unopposed. Kina, one member, S. M. Coombe, 447, re-elected; T. Bishop, 218 For the remaining four vacancies there were eight nominations. The ballot resulted: R. J. O’Rorke, 442; S. Ole™, 387; J. Martin, 362; R. Bayliss, 342°°(a1l elected); H: Pennington, T. Gardiner, T. Bishop, W. Vickery. Mr. G. W. Rogers was re-elected auditor. The chairman’s honorarium was fixed at A f< vote of thanks was accorded the retiring director, Mr. T. Bishop, for his services. A motion was brought forward instructing the directors to have the bylaw altered regarding the transfer or shares so as to provide that shares could be transferred other than with land and cattle. After discussion the motion was lost. Votes of thanks were accorded the general manager (Mr. A. McDougall), and his staff, the secretary (Mr. A. J. Brennan) and the chairman. Li"ht luncheon was served by Mesdames S. M. Coombe, E. G. Holmes, Ross and Miss Young Mr. J. Young was re-elected chairman at a subsequent meeting of directors.