TARIKI DAIRY COMPANY

Taranaki Daily News, 25 August 1931, Page 16

TARIKI DAIRY COMPANY

INCREASED PRODUCTION

SUPPLIER'S’ ANNUAL MEETING.

YEAR’S OPERATIONS REVIEWED.

An increase in output was chronicled at the twenty-fourth annual meeting of the Tariki Dairy Company yesterday, when Mr. J. Hucker presided over an. attendance of about 70 suppliers. The report stated that cheese was made at Rugby Road from September 1 to February 20, and at Tariki from December 1 to February 20, and butter for the balance of the season. Cheese made at Rugby Road was 205 tons loewt Syr 161 b, and at Tariki 100 tons IScwt iqr 121 b, a total of 306 tons 12cwt Iqr. Creamery butter made was I'sl tons 4cwt Oqr 161 b, whey butter 7 tons lewt 2qr, and. casein curd 138 tons 4cwt 2qr 101 b. The total butter-fat for the year, 551,8391 b, showed an increase of 7731 b, as compared with last season, the supply at Tariki being 261,0861 b, and at Rugby 270,7531 b. There was a decrease at °Tariki of 2361 b • and an increase at Rugby of 10091 b. Suppliers of milk had received advances amounting to £-21,991 5s Id, an average o-f 10.04 d per. lb of butter-fat supplied. Cream suppliers had received £1137 4s 2d, an average of 10.45 d. After writing off £5lO for depreciation there remained a balance of £1197. 2s lid. Further payments would be made as funds were available. All the cheese and butter made to March 16 were shipped on consignment, and the balance of the butter was sold. At the date of balance account sales were not to hand for 1383 crates of cheese, and 1026 boxes of butter, and the realisation of those should add appreciably to the balance available for distribution.

The statistics for the year were as follow: —

Cheese-making: —Tariki: 1,959,3441 b milk; 91,3141 b butter-fat; average test, 4.66; 225,8321 b cheese; 8.671 b milk to each. 11b cheese; 2.471 b cheese to each lb of butter-fat. Rugby Road: 4,231,927 lb milk; 178,3241 b cheese; average test, 4.21; 400,0801 b cheese; 9.181 b milk to each lb cheese; 2.581 b cheese -to each lb of butter-fat. Whey butter: 158,848 lb.

Butter-making:—s,4o3,2lOlb milk; 71,8581 b cream; 282,2001 b butter-fa't; average test, milk 4.74, cream 36.33; 339,:8261b butter; lbs of butter to each lb butter-fat, 1.2042.

The average test for the season was 4.53.

CHAIRMAN REVIEWS SEASON.

Mr. Hucker said the year had. been a very difficult one for the directors as well as the suppliers. No doubt the bone of contention with suppliers would be the change from butter to cheese, but in that respect the directors had done what they considered best after carefully considering the position. It Was pleasing to note that there had been a further increase in supply. The directors had endeayoured to keep costs down and by the installation of the new mechanical stoker had saved £2OO in fuel during the eight months it had been in operation. Had it been in operation the whole 12 months it would probably have saved its whole cost—£29s.

The company had, Mr. Hucker said, owing to the lower prices, distributed among suppliers £13,168 19s Hd less than the previous year. The directors had received, no offers for produce until late in the season. When an offer did come the directors had broken away from their policy of consignment had accepted the offer, and that policy had proved the right one. Mr. Hucker said wages showed an increase owing to the fact that during part of the time they had manufactured cheese. There had been a big saving in electric power due to the installation of the mechanical stoker. They had reduced the wages of the staff and had also reduced the honorarium of the directors voluntarily from 15s to 10s per meeting and of the chairman from-£5O to £35, a total saving of £3B 10s.

Replying to Mr. 8. Chapman, the abairman stated that exchange was worth Id per pound butter-fat on. the produce that had been consigned. Replying to Mr. H. A. Rumball, the chairman stated that the company had sold about 2000 boxes of butter at Is for finest and 11 7-Sd for first. To a supplier Mr. Hucker stated* that so far 10.66 d had been paid for milk and 10.95 d for cream, with a little more to come. Replying to- Mr. Rumball the secretary stated that consignments had not averaged Is even allowing for the exchange. Mr. F. Lawrence said that up to the present the company had gained a farthing per pound by selling. Replying to Mr. Fabish the chairman said that “there had been a payment of nearly 3d per pound butter-fat In casein after paying expenses. ■PROSPECTS OF CASEIN. Replying to Mr. W. V. Harkness as to the’prospects of casein for the comin»- season, the chairman said the casein°company was prepared to advance on the same basis as last year. The matter would be reviewed at the end of the month as it was considered that with the settling of the trouble in Germany the prospects for casein and other dairy produce had improved. The secretary stated there would be a . further . small payment to make on account of casein. Replying to Mr. W. C. Gichard, who asked, whether as stated last" year the cream suppliers had received a halfpenny per pound butterdat more than milk suppliers, the chairman stated that last .year, including casein, the milk

43 per £9B; Auckland Electric Power Board; 1945, 53 per cent, (two parcels), £99 10s; Gisborne Sheepfarmers, £74 10s; Commercial Bank of Australia (two parcels), 13s 6d; Bank of New Zealand, 46s fid, 475; Auckland Gas (two parcels), 23s ' 2d; New Zealand Breweries, 29s 6d; Mo/uroa Oil, ss; King Solomon, 2s 9d; Waihi Grand Junction, 3s 9d; Okarito, 10s. Christchurch, August 24: Sales on exchange: New'Zealand Government 43 per cent. Bonds, 1938, £97; New Zealand Guarantee Corporation, 4s 9d; Mount Lyell, 16s lOd; Moturoa Oil, 4s 6d; King Solomon, 2s 83d, 2s 93d, 2s lOd (three parcels); Okarito, 9s 9d. Sales reported: New -Zealand -.Guarantee Corporation,. 4s fid;. New Zealand R,efrigera,ting (IQs paid), 3a lOd.

supplier received Is 5.3 d, whereas. the cream supplier received 16 3.25 d. Casein had averaged 2.75 d per pound but-ter-fat, so that with that added, the cream suppliers had. actually received nearly a.farthing more than they were entitled to. Mr. Gichard said that Tariki was the only factory.that differentiated as between. cream and milk, but if they did pay cream suppliers a, halfpenny 'more it should be shown in the monthly statements. ' _ . It was stated that with the exception of 24 crates of second grade all the 2700 crates of cheese manufactured at Rugby Road had graded first and of 1700 crates at Tariki all had graded first except five crates of second grade. Mr. Taylor wanted a definite reply as to whether cream suppliers were supposed to get a halfpenny per pound more for their butter-fat than milk suppl’ers, If they were they had not received it this season. The chairman j said that they were supposed to get the extra halfpenny. The season’s payment had not yet been finalised. ELECTION OF DIRECTORS. For the three vacancies on the directorate there were six nominations - Messrs. J. Hucker, F. Lawrence, ,W. L. Jemison (retiring directors), H. A. -Rumball, W. G. Gichard and W. V. Harkness. The election resulted in the return of Messrs. Hucker, Lawrence and Harkness.Mr. Geo. Pullen was re-appointed auditor at the same fee as last year, less 10 per cent. Some discussion took place on the question of manufacturing cheese or butter for the ensuing year. The general opinion was that prospects looked brighter for cheese in the early part, of the season, but some held that with the high average test at Tariki it would be a more profitable- proposition to manufacture butter. Mr. Jemison moved that butter be manufactured at Tariki. and cheese at Rugby Road to the end of December. This was seconded by Mr. W. Taylor. An amendment by Messrs. Porter and Ackland that cheese be manufactured at both branches from September 1 to December 31 was carried by an overwhelming majority. It was made clear that the intention was to make butter after that date unless the prices ruling for cheese were such as to warrant continuing it<s manufacture for a month or so. Whether casein would also be manufactured in the event of the company turning to butter will depend, on the price offering. It was decided to discontinue the sale of benzine to suppliers. A vote of thanks was accorded the retiring director, Mr. W. L. Jemison, and it was resolved to place on record appreciation of his services, of which his fellow directors spoke highly. Votes of thanks were accorded the manager (Mr. H. McCullum) and staff and the secretary, Mr. V T . B. Messenger,, and staff for their loyal service. Mr.' W. <!• Byrn was elected chairman of directors.