KAKARAMEA PAYS 10.5D

Taranaki Daily News, 4 August 1934, Page 8

KAKARAMEA PAYS 10.5D

“AMONG BEST IN TARANAKI” EFFECT OF NEW PASTEURISER. OUTPUT INCREASES ONE-FIFTH. Very satisfactory results from what he characterised as the hardest season in the 25 years’ existence of the company were reviewed by Mr. A. Pearce, chairman, at the Kakaramea Dairy Company’s annual meeting of shareholders yesterday. The payment of a shade oyer IOJd is one of the best for cheese companies in Taranaki, the production has increased 21 per cent, and costs have decreased and working become simplified by the installation of a new pasteuriser, the second of its kind in New Zealand. There was an attendance of 30. In spite of the low prices prevailing, stated the 25th annual report, the directors had been able to make an average advance of 9d a pound over the season. Another payment would make the average 9Jd and when the balance of the cheese was sold tnere would be a further sma'l payment. Statistics for the season were:— Cheese-making: Milk, 18,642,6001 b; fat, 844,233.81 b; average, 4.5; weight of cheese, 959 tons 2cwt. Butter-making: Milk, 199,0221 b; fat, 11,182.41 b; average test, 5.6; creamery butter 5 tons 17cwt 3qr 111 b; whey butter, 23 tons 9cwt Oqr 121 b. Total milk for season, 18,841,6221 b; total fat for season 855,416.21 b; average grade of cheese 92.131; percentage of second grade milk 4.323. An analysis of charges, with those •of 1933 and 1932 in parentheses, was as follows: Manufacture 1.490 d per lb (1.633, 1.842); charges to f.o.b. .320 (.418, .362); depreciation .166 (.195, .256); office expenses .160 (.210, .231); freight and b/1 1.840 (1.473, 1.840); total 3.976 ' (3.929,4.531). The percentage of white cheese made in 1933-34 was 79 compared with 69 per cent, in 1932-33. Gradings were as follows: 1933-34, finest 402 crates, first 12.741 crates, second four crates; 1932-33, finest 298 crates, first 10,528 crates, second 38 crates. The increase of cheese was 2283 crates. The past season had been the hardest since the company began, said Mr. Pearce. The working expenses, however, had been reduced considerably. Manufacture charges had been reduced from 1.842 d in 1932 to 1.490 d in 1934. The only other redeeming feature of the market was that it had remained constant. There were none of the fluctuations of previous years, although the price was low. The payment had been satisfactory and he expected the company would pay a shade over lOjd, which for a cheese company would prove Kakaramea still one of the best paying companies in Taranaki. Mr. F. Ramsbottom emphasised that too much value could not be placed upon the new pasteuriser. Not only had it saved fuel costs, but it had also saved room and probably building expense, and had enabled them to put in another vat. The effect had also been to give suppliers better returns and employees more time. ' Mr. Ramsbottom pointed out the pasteuriser had been largely an experiment, being only the second in New Zealand. The machine seemed to have justified itself. The report and balance sheet were adopted. Messrs. J. Kerrisk and K. A. Carmichael were re-elected directors unopposed. Messrs. Veitch and Clarke were re-elected auditors. The meeting decided to increase the share capital by 2000 shares to bring the allotment to suppliers to one share per 801 b of butterfat.