DAIRYING AT TE POPO

Taranaki Daily News, 13 August 1930, Page 16

DAIRYING AT TE POPO

PRODUCTION AGAIN INCREASED.' MEETING OF SHAREHOLDERS. “Production has again increased, the output for the year amounting to approximately 82 tons of cheese,” stated the report submitted to the annual meeting of the Te Popo Dairy Company, in Stratford yesterday. Suppliers had to the date of balance received advances equal to Is. 2|d. per lb. butter-fat, and there was a further £492 to divide. Cheese unsold had been estimated at what was considered a safe figure. The statistics were:—Milk received, 1,748,8891 b.; average test, 4.08; butterfat, 71,0121 b.; cost of manufacture per lb. fat., 2.85 d.; other expenses to f.o.b. per lb. fat, 1.19 d.; total expenses per lb. fat, 4.04 d.; used for cheese making, 1,719,2671 b.; average test, 4.06; butterfat, 69,79711).; cheese (factory weights), 81 tons 16 cwt. 191 b., 183,2511 b.; cheese to lb. of fat, 2.0251 b.; milk to 11b. cheese, 9.381 b.

In moving the adoption of the report and balance-sheet the chairman of directors, Mr. A. W. Budge, congratulated the directors on having sold the last of the output in the factory. He.had been told by an agent that no other company in New Zealand had effected a better sale. There had been no additions to the or to the plant during the year, as the purchase of the new boiler would come into the accounts for the ■ present season. from the disposal of the 1929 surplus suppliers had received a bonus equal to 1.93 d., making a total payment for the season of 18.8 d., £3B 15s. Id. being carried forward. On the working account the estimated payment for the season was equal to slightly less than Is. 4d. per lb. butter-fat, while cheese was selling at prices that would improve on the estimate. The quantity of milk handled having Increased over 11 per cent., the cost of manufacture and marketing were necessarily higher, apart from which the produce had not been shipped so promptly as last season. Storage expenses had therefore been higher. The cartage of cream had also meant additional .expense. Depreciation was higher owing to the butter plant having been installed the year before. Renewals of plant had been greater than usual. • It would be noted that the value of produce as estimated was £lO9 higher than last year, in spite of lower prices. Cheese valued in 1929 at BJd- could not safely be estimated at much over 7Jd. this year. The decline in the value of cream for butter making was even more marked. The company received from the Hawera Dairy Company Is. Old. per lb. butter-fat for whey cream. The report and balance-sheet were adopted without discussion. The retiring directors, Messrs. A. W. Agent and C. T. Cole, were re-elect-ed. A subsequent meeting of directors re-appointed Mr. Budge chairman. Mr, J. 11. Thomas was re-sd-mted auditor.