KAIMIRO DAIRY COMPANY

Taranaki Daily News, 11 July 1930, Page 15

KAIMIRO DAIRY COMPANY

SEVENTH ANNUAL MEETING FURTHER INCREASE IN OUTPUT; MR- GIBSON AGAIN CHAIRMAN. The seventh annual meeting of the Kaimiro Co-operative Dairy Company was held in the Kaimiro hall yesterday, when Mr J. W. Gibfion, chairman of directors, presided over a full attendance of suppliers. , The annual report stated: We have to record an increase of production, there being an increase of five and a half tons of"cheese. Stocks are considerably heavier than last year and all cheese in store and afloat has been taken in for balance purposes at 7d per lb. Surpluses will not be paid until the season’s account sales are finalised. Ihe results to date therefore are as follows:; Average pay-out for butter, two months, Is YM; average pay-out for cheese, ten months. Is 4.38 d; balance surplus, 1.1 Id. ' The directors regret to report that Mr. L. Gopperth has resigned from the directorate after having served on the board as a director for six years. Of that period he was chairman for three years. To a large extent the present sound financial position of the company is due to his efforts. Statistics were submitted as follows: Cheese-making.—-Milk, 4,425,7351 b.; butter-fat, 165,6301 b.; average test, 3.72; cheese, gross factory weight, 442,8001 b.; lb. of milk to lb. of cheese, 101 b.; lb. of' cheese to lb. of butter-fat, 2.6791 b.; whey butter, 11,2321 b ; lb. whey butter to ton of cheese, 571 b. Butter-making.—Milk, 154,3741 b.; but-ter-fat, 66561 b.; average test, 4.31; lb. of butter to lb. of butter-fat, 1.17351 b.; butter made, 78111 b. ; . Cheese made for the year totalled 197 tons 13ewt. 2qr. Sib.; whey butter 5 tqns lewt. Oqr. 41b.; creamery butter, 3 tons 9cwt. 2qr. 271 b The cost of manufacture per lb. of butter-fat to f.0.b., allowing the cost of. manufacture was 2.5 d per lb. for butter and 3.7 d per lb. for cheese. The balance-sheet showed that cheese sales and stocks had totalled £13,998, whey butter £606, and creamery butter £584. A total of £ll,BlO had been paid to suppliers and there was £765 still available.

CHAIRMAN REVIEWS SEASON. < In moving the adoption of the report and balance-sheet the chairman reviewed the. balance-sheet, pointing out that the company was in a sound financial condition. They had stocks totalling £2993 Iss 5d ana the liabilities to the bank and suppliers totalled only £2668 5s lOd. Requisites showed an increase of £5O, but the increased output of 24 per cent, of cheese accounted for a portion of it and waxing accounted for a further portion. Fuel, however, showed a decrease of £2l on the previous year, and it was interesting _ to note that as compared' with the first year oi operation the cost .of fuel had decreased £lB,' t'hough, the' output had increased by 43 tons. Repairs and lenewals totalled £206, but included in this was the cost of the waxer (£65), plastering and' concreting the whey tank, the road work, shelving and freezer repairs. He pointed out that V ie freezer repairs were due wholly to the manufacture of whey butter which with some concerns was sent outside to be manufactured. After deducting the cost of wax, depreciation and interest there had been a saving of £l2O on waxing owing first to the correct grader’s weights, thus entailing no deductions from account sales, and secondly, owing to the savins in shrinkage. As that paid for the waxer and wax the first year and left a credit balance of £5O it was decided to pay for the waxer out of repairs and renewals instead of capitalising it. ’ Whey butter had netted an average of 12.9CJ per pound. The yield had fallen from 2.70 to 2.67. That, he thought, was accounted for in the main by the quality of the milk received at the factory. He thought a number of suppliers did not realise that the quality of the milk affected the yield as well as the quality of the cheese, and a point in yield was worth-nearly a penny per pound butter-fat. There was also the added water trouble to contend with. That not only reduced the yield but made it more difficult for the manager to work his vats. Of course one realised that a supplier must put a certain amount of water through the machines to rinse the milk out of the pipes but care must be taken to make it as little as possible. He considered that it was certain • that the Government would be putting on dairy inspectors probably before the present season closed, so everyone should try to nut his sheds, etc. in order before the inspector arrived. The installation of a system of boiling water in a shed was regarded as one of the first necessities as it was impossible to make a first-class article without the use of abundant hot water in the sheds.

CLEANSING OF MACHINES. Mr. Gibson said he had always had the impression that one could not use i too much caustic soda in cleaning ma-1 chines, but he had lately learnt that it was a mistake. The caustic soda cleansed the machines thoroughly, but unless it was rinsed out thoroughly with hot water, and it took five rinsings to to do it, it would remain in the pipes and affect the milk by preventing the development of the good bacteria that w as necessary. Ordinary soda, he said, would be efficient with just an occasional washing with caustic soda. Should any supplier meet with any trouble the manager was willing to help. While speaking of the manager ho would like to add that the directors fully. appreciated his work and the keen inteiest he always displayed in the management... . • 7 • In reply to Mr. Pope, the chairman said the whey butter had averaged just under 13d per lb. + Mr J. W. Paterson pointed out that suppliers had been charged an average of is 2Jd> be thought that it .was not’ right for the. directors to charge suppliers so much in order to make the position better on the balance-sheet. ( Suppliers were charged the highest* price ruling on the local .market for whey butter during .-the month of pureht) se, the- secretary said. The price, of course, fluctuated. The company dieI posed of 50 per cent, of its whey butter I locally. Some of the export butter had ( j been taken into; account at B§d, and . I that should return surpluses sufficient i to raisp the average ..pri.ee .by another ; • J? J £ : ® '■ • * 1

their butter to be reduced below the ruling local price ’ the directors would probably accede. He considered the present method the more equitable. ELECTION OF DIRECTORS. There were three vacancies on the directorate. For the east district Mr. J. B. Gopperth was re-elected for the ensuincr three years and Mr. H. G. Taylor was elected to fill the remaining year in succession to Mr. L. Gopperth, who had resigned. For the west district. Mr. A. H. Taylor was re-elected. Mr T. C. H. Nicholls was re-elected auditor. The chairman was voted an honorarium of £l2 12s. Mr. J. W. Paterson moved that the directorate be reduced from five to three. Mr. J. B. Gopperth seconded pro forma; he was opposed to the idea. They were doing all right as they were and should leave well alone. With three directors there was a possibility that if one were sick the other two would have to carry on and the chairman would have the say. There was also the dignity of. the company to consider. They were in a good financial position and the proposal would, save only £l2 a year. It would cost at . least £l.O to alter the articles of association, the secretary said. A special meeting would, be necessary to confirm the motion, and it was difficult, to secure a quorum. Mr. Paterson considered a directorate of three would .work better in the intercets of. the company. At present the five directors, .representing a third of the voting strength of the company, knew anything ..they, decided would be approved by suppliers. Mr. J. B. Gopperth pointed out that there were 20 suppliers so five represented one-fourQi'of the suppliers. The motion, was lost, only two voting in its favour. ' The manager was voted a bonus of £lO. ' T,. , • In reply to Mr, Paterson the chairman stated the grade notes could be published at.thp. factory each month. That would enable suppliers to know the effect, of different fodder. A hearty vote o f thanks was accorded to Mr. L. Gopperth," who had resigned from the directorate. The chairman stated that this year the company was. Consigning its output. Mr. Paterson considered it was not in the best interests .of the company to be continually changing .its chairman. During the seven years of its existence there had been four chairmen. The chairman said he had originated the idea. He did not want Kaimiro to be “a one-man show.” He thought that if each director, had a turn as chairman he would secure necessary exP°At a subsequent meeting of directors Mr. G. W. Gibson was re-elected chairman.