THE DAIRY INDUSTRY

Taranaki Daily News, 2 August 1930, Page 7

THE DAIRY INDUSTRY

SOUTH TARANAKI’S YEAR SATISFACTORY SALES ARRANGED. KAKARAMEA’S PLEASING SEASON. The price realised for the Kakaramea Dairy Company’s produce to date has enabled the dircctora to make advance payments of Is 6d a lb. for butterfat supplied to the end of November, 1929, and Is 4d a lb. for butter-fat received over the balance of the season, states the 21st annual report of the ch.irman, Mr. A. Pearce. The cheese and butter on consignment and not yet sold has been taken into the balancesheet at a conservative figure, and the balance to the credit of the appropriation account will provide for a further substantial payment to suppliers. It' will be necedsary to elect three directors in place of Messrs. A. Pearce, R. J. Watt and P. W. Tong, who retire by rotation,., and are eligible for re-election. * The statistics; for the season are: — Cheese-making.—Quantity of milk received, 13,986,3951 b.; quantity of but-ter-fat received, 513,978.81 b. (net); cheese, 1,509.8851 b.; lbs. of milk to lb. of cheese, 9.263; lbs. of cheese to lb. of fat, 2.937; standardised test. 3.66; average test, 4.33; number of cows supplying, 2331; average yield per cow, 261.7 lb. fat; average grade cheese, 91.587; average grade creamery butter, 91.998; average grade whey butter, 88.868. Butter-making.—Milk, 144,0171 b.; fat in milk, 6778.91 b,; cream (h.s.), 13,498.5 lb.; fat in cream, 5011.11 b.; standardieed creamy 184,9821 b.; fat in standardised cream 92,323.51 b.; over-run, 22 86; creamery butter, 127,9191 b.; whey butter, 30,6721 b. The weight of butter made from each pound, of butter-fat used for the manufacture of butter was 1.22861 b. The weight of cheese made from each pound of butter-fat used for the manufacture of cheese was 2.93781 b. No unsalted butter was made. MELROSE DAIRY COMPANY. PAY-OUT WILL EQUAL Is 6d LB. The 18th annual report of the chairman, Mr. G. W- Williams, of the Melrose Dairy Company states that the output,of cheese up till December was forwarded on consignment and realised market prices. For the second half of the season a satisfactory sale was arranged. After paying 5 per cent, interest on share capital, which equals ,28d per pound butter-fat, and making reasonable allowance for depreciation, ■ the pay-out will equal Is Gd per lb. butter-fat over the whole season; , The retiring directors, Messrs. W. Di nlop, G- Wallace and G. W. Williams are all eligible for re election. The quantity of milk received and the figures relating to,production The° weight of cheese made from each pound of butter-fat used for the manufacture of cheese was 2.65101 b. Butter-making.—Pounds of milk received, 3,366,365; pounds of butter-fat, 144,808; ''average test, 4.30; factory pay-out per lb. butter-fat for last season (1928-29), Is 7d; number of suppliers 13; number of cows supplying the factory, 580; average pounds of butter-fat per 'cow, 249; total charges (including repairs and depreciation but not inclinling interest on shares up to f.o.b. ocean steamer on butter and cheese worked out at’ per lb. butterfat), 3.92 d. Cheese-making.—Pounds of milk, 3,239,662; pounds of butter-fat, 139,272; pounds of. cheese made (factory packin<r weights corrected from grade notes, less 2} per cent, for shrinkage), 149 . tons 12cwt. Sqrs. 21b., 335,190; pounds . of cheese to 11b. butter-fat, 2.40; pounds of milk to make 11b. cheese,. 9.66; . pounds of cheese from 1001 b. milk, 10.35; average test, 4.29. PRICES REALISED BY MELLS. FURTHER PAYMENT TO BE MADE. <; Our output of cheese was forwarded on consignment and has realised market prices,” states th© 32nd annual report of the Mells Dairy Company. There are 704 crates still unsold. These have been taken in for -balancesheet purposes at 75a per cwt. The payment to date has equalled Is 4.62 d over the season. A further payment will be available when final results are to hand. The directors to retire by ' rotation are Messrs. A. Agostinelli and C. J. Hawken, who offer themselves for re-election. The statistics for the , year are impounds of milk received, 6,900,232; lbs. of butter-fat, 311,792'; average test, 4.45; factory pay-out per lb. butter-fat for last season (1928-1929), Is T 9-20d: number of suppliers,. 22; number of cows supplying the factory, 1168; average pounds butter-fat per cow, 268; total charges (including repairs and depreciation but not .including interest on shares up to f.o.b. ocean steamer on butter and cheese worked out at per lb. butter-fat),'3.39d. Used for cheese-making.—Pounds of milk, 6,518,307; pounds of -butter-fat, 291,823; pounds of cheese made (factory packing weights corrected from <. grade notes, less 2i per cent, for shrinkage), 303" tons 2cwt.- 21b.,. 678,9461 b.; .pounds of milk to make lib. cheese,, 9.60; lbs. of cheese to 11b. butter-fat (gross 2.38), -2.32; average test, 4.47; pounds of cheese from 1001 b. milk, 10.41. J . Used for butter-making.—Pounds of milk, 459,269; pounds of butter-fat. 18 752* pounds of butter made (10 tons 2cwt. 3qrt. 171»'22,725; pounds of milk to make lib. of butter, 20.20; over-run, 21.18; average test, 4.08. The weight of butter made from each 'pound of butter-fat used for the manufacture of butter was 1.21181 b. No un- - salted butter was manufactured. The •weight of cheese made from each pound of butter-fat used for the manufacture of cheese was 2.71911 b. MSSE MERE DAIRY COMPANY. FINAL PAYMENT NOT ESTIMATED. In his 35th annual report Mr. J. E. Q’Shea, chairman of the Met© Mere Dairy Company, states that the output 'of cheese was forwarded on open consignment and ft total of 1084 crates is - still-unsold. . Until ‘. further results are , received it is mot, possible'to estimate

*the final payment. The retiring directors, Messis. G. W. Hardjng, J. Lander and W. Savage, are eligible for re-elec-tion. The quantity of milk received and the figures relating to production arc:—■ Pounds of milk received, 7,097,430; pounds of butter-fat, 291,407; average test, 4.15; average pay-out per lb. but-ter-fat for.last season (1928-29), Is 7itd; number of suppliers, 29; number of cows supplying the factory, 1279; average pounds of butter-fat per cow, 228; total charges (including repairs and depreciation, but not including interest on shares up to f.o.b, ocean steamer on butter and cheese -worked out at per lb. butter), 3.60 d. Used for cheese-making.—Pounds of milk, 6,725,429; pounds of butter-fat, -276,599; pounds of cheese made (factory packing weights corrected from grade notes, less per cent, for shrinkage), 308 tons lewt. 2qrs.'24lb., 690,112;. lb.a of clieese to 11b. butter-fat (gruss 2.56), 2.49; pounds of milk "to make 11b. cheese, 9.74; average test, 4.11; pounds of cheese from 1001 b. , milk. 10.26. The weight of cheese made from each pound of butter-fat used for the manufacture of cheese was 2.64361 b. WHAKAMARA’S ANNUAL REPORT. In his second • annual report Mr. 11. R. Scott, chairman of directors of the ;Whakamara Dairy Company, states:— The price -for New Zealand cheese on the Home markets has been at the lowest level for some years, but nevertheless th© results of our second season’s working .must be considered very satisfactory? Some 470 crates of cheese are still unsold. For balance-sheet purposes these have been taken in at 75s per cwt. The pay-out to date has equalled Is G.2d- over the' season. Provided th© unsold cheese realises the -amount at which it has been taken iff, the-final pay-out will be Is 7d over- the season. It is again .-gratifying to note that our working expenses have ( been kept at-a rii'.uimum.

The statistics for the year ended June 30 are: Pounds of milk received, 3,879,240; pounds of butter-fat, 166,582; average test, 4.29; factory pay-out per lb. butter-fat for last season (192829), Is 7 11-12 d; number of suppliers, 13; number of cows supplying the factory, 631; average pounds of butterfat per cow, 264; total charges (including repairs and depreciation, but not including interest on the shares up to f:o.b. ocean steamer on butter and cheese worked out at per lb. butter-fat), 2.75 d. Used for cheese-making.—Pounds of milk, 3,879,240; pounds of butter-fat, 160,582; pounds of cheese made (factory packing weights corrected from grade notes, less 2£ per cent, for shrinkage), 185 tons 3cwt. Iqr. 231 b., 414,787; pounds of cheese to lib. butter-fat (gr05a,2,55), 2.48; . pounds of milk to make 11b. cheese. 9.35; pounds of cheese from 100 lb. milk; 10.69; average test, 4.29. The weight of cheese made from each pound of butter-fat used- for the manufacture of cheese was 2.71861 b. MANGATOKI DAIRY COMPANY. BIG SAVING IN FUEL COSTS. Notwithstanding the adverse market conditions,. the results of the year’s working of the Mangatoki Dairy Company. are .regarded with satisfaction by the directors,- who in the annual report congratulate the shareholders on the position. At the time of balancing there remained - unsold 478 tons of cheese, which has been brought Into account at G|d per lb. f.o.b. From the balance to the credit of appropriation account the directors recommend the payment of 5 per cent, interest on shares,-absorbing £1390, or .2ld per lb. butter-fat. The retiring directors. ■Messrs. A. C; Pease, E. • L. Abbott and C. Willis, offer themselves for re-elec-tion. Messrs. Walkley and Cameron again offer their services as auditors. In reporting on the position of the

company the auditors state: Cheese in cool store at June 30 was valued at 6£d per lb. f.0.b., and cheese shipped and in the hands, of agents for sale was taken in the accounts at an average price of 72s 3d per cwt. All charges to j f.o.b. have been reduced this year. Last year the total charges to f.o.b. were { 3.852 d per lb. of butter-fat, and this I year , they arc 3.616 d, a reduction of G. j per cent, on the 1929 figure. The. inI crease of approximately 9.8 per cent, in 'the quantity of. butter-fat handled no doubt. has some bearing on the reduction. The principal, saving bn the year’s ..working is to be found under the heading of’fuel and power, where the reduction compared with last year is £594 2s sd. In the last decade the company’s financial position has been steadily consolidating, and in the year ended June 30, 1930, a further substantial improvement has been effected. Since 1924 the company’s financial position, lias been; consolidated by £12,370 IJs Gd. In 1924 the current liabilities of t*'c company exceeded the liquid assets by £11,824 16s lOd. This year’s accounts disclose a surplus of £“5O 14s Bd. On comparinnr the year ended June, 1930, with previous, years a steady consolidation will be seen. The output of cheese was 1699 tons, an increase of. 28 tons on the previous year, while butter shows an increase of 87 tons, from 51 tons to 138 tons. The factory statistics, with the figures for the previous year in. parentheses are: Total Ib-s milk received, 36,595,265 (34,985,646); total lbs. butter-fat, 1,583,324 (1,441,626); average test, 4.3 (4.1); total charges, including depreciation, to f.0.b., 3.616 d (3.85 d Used for cheese-making.—Pounds but-ter-fat, 1.325.184 (1.416.055); lbs. cheese made. 3,806,116 (1699 tons 3cwt. 201 b.) (3,743,971 1 (1671 tons Bcwt. 2yrs. 71b.); yield of cheese per lb. butter-fat, 2.87 (2.644). Used for butter-making.—Pound,', but-ter-fat, 258.170' (95.384); lbs. butter made. 310,528 (138 tons I2ewL 2qrs ) (116,294) (51 tons 18cwt. Iqr. 101 b.); over-run, 20.28' pit cent. (21.92); whey butter made, 83,9361 b. ' (93,1281 b. Recovery of whey butter per ton ol c.ieese, 491 b. (55.71 b.