THE DAIRY INDUSTRY

Taranaki Daily News, 7 June 1930, Page 15

THE DAIRY INDUSTRY

’ ’ NORTH TARANAKI COMPANY. THIRTY-THIRD ANNUAL REPORT. With the rapid approach of midwinter, secretaries of dairy companies throughout Taranaki are busily preparing for the annual meetings of their shareholders, which generally take place in late June, July and early August. The first meeting is usually that of tho North Taranaki Company, a comparatively large company with headquarters at Urenui, and the annual report of the company, which has just been circulated, is interesting in that it reflects in the main the general experience of the dairy industry throughout the past season As may be expected, the North Taranaki Company’s review this year is a record of higher production and lower pay-outs. “Weather conditions for dairying during the past season were, excellent,” states.' 1 the report, /‘and although we had an increase of only seven in the number of our suppliers, we show an increase of 140,7411 b. in but-ter-fat production. “The quantity of milk and cream received .and the figures relating to production are shown hereunder: Number: of suppliers, .140; quantity of milk supplied (Onaero . 2,422,5741 b., Waipapa 8,893,02Hb.}, 11,315,5951 b.; quantity of butter-fat (Onaero 103,1461 b., Waipapa 400,1701 b.), 503,3161 b.; quantity . of . cream supplied, 1,803,9071 b.; quantity of butter-fat, 691,8191 b.; total butter-fat received by the company, 1,195,1351 b.; lbs. of butter manufactured, 1,483,381 lb.; over-run, 24.11 per cent.; Ibs. milk to lb. butter,, 19.79.; . average test for milk, 4.45 per. cent.; average test, cream suppliers, 38.35 per cent.; cost of manufacture per lb. butter, l;09d; management, .414; charges to f.0.b., .17d; depreciation, .084; total cost, ..1.754. “In view of the buoyant state- of the butter, market in July, last, : the direct■ots, in .accordance .with-.the .:wienes •of (the ‘whole milk’ supplying section of the .shareholders, manufactured ..butter and casein, instead of.butter and cheese. Owing to the serious,, collapse of the butter market in October last, .wie combined, results may not be quite so good : as cheese, but at the. present juncture, ■owing to the large quantities .of butter on the water and rinshipped, we are not in a position to make any reliable comparison. “The results of all butler shipped up to and including the S.S. Port Denison, covering our make up to January 31,"1930, have been taken into account in the balance-sheet; 5793 boxes are on the water and 2008 boxes are still in cool store, awaiting shipment. Is 2d per ,Ib. has been drawn against 195 “boxes, Is Id against 1703 boxes, Is against 925 boxes, and lid against 2970 i boxes. • ' “During the year £73,443 17s 5d has been paid to suppliers, being equal to . 14.75 d per lb. of butter-fat. ‘tyhole milk’ suppliers have also been paid 2d per lb. butter-fat for casein, amounting to £4050 2s 7d. After writing off the sum of £5Ol 10s 6d for depreciati m, there remains a balance of £3323 15s 4d to the credit of profit and loss account. Of this amount £741 14s 10d is profit on casein, and a further pay- ■ ment to milk suppliers in this Bmneetion of 3-8 d per lb, butter-fat will be made on June 20. The balance of profit will be distributed amongst the whole of the suppliers as soon as a few more shipments of butter on the water are finalised.” No cheese and no unsalted butter was manufactured. The ' weight of butter made from -each ]b. of butter-fat ’was 1.24111 b.