SOUTH TARANAKI NEWS

Taranaki Daily News, 12 August 1930, Page 7

SOUTH TARANAKI NEWS

RESULTS AT KOHI FACTORY. PAY-OUT Is- 4>Vd FOR SEASON-. Tiie annual meeting of the Kohi Cooperative Dairy Company was held at VVaverley yesterday, Mr. C. Oliver presiding over a fair attendance. The directors’ report stated: “One shilling and threepence farthing was paid for butter-fat supplied during the season. The balance shows a gross profit of £794 5s Id. From this amount £ll2 19s 6d has been written off as depreciation on buildings, plant and machinery, leaving a net balance of £6Bl 5s 7d to be carried to the appropriation account. This, together with the sum of £2l 7s 2d already in the appropriation account, makes a total of £702 12s 9d, which your directors recommend to be dealt with as follows: To make an immediate payment of per lb for butterfat supplied by suppliers during the season, this making the total payment for the season Is 4*d. The retiring directors are Mr. W. L, Oliver, who, being eligible, offers himself for re-elec-tion, and Mr. B. W. Harvey, who, as he is leaving the district, is not seeking re-election.” . .

The appended statistics were: Pounds cheese, 404,181; pounds milk, 3,734,448; pounds fat' made into cheese, . 144,647; pounds cheese to lib butter-fat (net), 2.791; pounds milk to 11b cheese, 9.21; average test for season, 4.39; pounds of fat from standardised milk, 19,678; pounds fat made into butter, 1850; pounds milk for butter, 44,395; pounds of butter from lib fat, 1.1009; pounds milk to 11b butter, 20.5; pounds whey butter-fat. 8285.72; total pounds butter made, 2036. In moving the adoption of the report and balance-sheet the chairman commented that 180 tons 13cwt. of cheese, representing an increase of ten tons on the previous year’s supply, had been made. Taking into account the butterfat sold to the Hawera Dairy Company, this was a record output. During the year standardised cheese had been made, which had ensured a gain of id per lb of butter-fat as compared with full cream. Had the price of butter been at its normal level a much larger gain would have been shown. The factory’s average grade for the season, was 91.3 G points. Costs of manufacture showed a slight decrease. The biggest item on the costs side was for repairs and maintenance, which would not be recurring. During the coming season a premium would probably -be paid at Patea on quality, and Mr. Oliver asked all suppliers to take the best possible care of their milk so that a high-class article could be made. With reference to standardising, he warned suppliers against putting an excess amount of water in their milk or of skimming a proportion and sending skim-milk in their supply. This tended to throw the manager’s calculations out ..and might result in modified cheese. As no modified cheese would be allowed to be exported suppliers could see the necessity for being extra careful. Regarding the cost of

making standardised cheese he would like to say that with the exception of a few pounds for a testing plant there was not a penny extra cost. The profit shown by standardising was all being paid to suppliers.

The chairman said that as far C cheese was concerned they had been a Ittle lucky. He did not think that the prices would ever reach the old' levels.Various speakers suggested that the question of deterioration in quality had bln raised in New Zealand, not in London, When the consumers, at Home saw .the producers running their own article down they naturally began to think the cheese was no good. Mr. S. R. Veitch was re-appointed auditor. Messrs. W. L. Oliver and E. Soland were elected to the directorate.