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WHITE CLIFFS DAIRYING

ANNUAL MEETING HELD DROUGHT AFFECTS PRODUCTION TOTAL WORKING COSTS LOWER. A decrease in production caused mainly by the unusually dry season was recorded at the 27th annual meeting of the White Cliffs Co-operative Dairy Company yesterday when Mr. Eliot King presided over practically a full attendance of suppliers. The annual report and balance-sheet recorded a decrease in butterfat of 39,342 lb., or 17 pei- cent., and a decrease of 52 tons of cheese, or 20 per cent. That was mainly due to the loss of two suppliers and the exceptionally dry season. For cheese-making the factory dealt with 3,901,9111 b. milk, containing 178,4441 b. butterfat, making 441,5001 b. of cheese, factory weights; milk to cheese, 8.831 b.; average test, 4.57. Butter was made during the winter and 178,6251 b. milk were dealt with, contain 93181 b. butterfat, which produced 11,2831 b. butter. The average test was 5.21. After writing off £3OO from the building account there was a credit balance in the profit and loss account of £370 Is 9d. , Since the close of the financial year a sale of cheese in store had been made, enabling a further payment of Id per lb. of butterfat supplied for tire cheesemaking season. That would bring the average payment to 9d per lb. Further payment would be made when all surpluses were received. Cheese had been takn into the account at 4d per lb. The cost of manufacture and putting produce f.o.b. was 2.77 d, interest on building account .10d, written off building account ,38d, levy .06d< The total cost to f.o.b. was 3.31 d.

The following is the table of quantities and averages, with that of the previous year in parentheses for comparison: Milk received, cheese-making 3,901,9111 b. (4,818,5361 b. butterfat, cheesemaking, 178,4441 b. (220,1741 b. cheese, 441,5001 b. (557,7421 b. pounds of milk per pound of cheese, 8.83 (8.63); average test, 4.57 (4.56); average grade, 91.399 per cent. (91.583 per cent); average price per pound of buterfai, (9.33 d butterfat, butter-making, 93181 b. (69301 b. butter, 11,2831 b. (84561 b. average test, 5.21 (5.29); cost to f.0.b., 2.87 d (2.87 d REVIEW BY CHAIRMAN. The final payment for the year ending July 31, 1934, brought the average payment up to 9.33 d per pound of butterfat, remarked the chairman in moving the adoption of the report and balance-sheet. The past season'had been a very disappointing one as far as prices were concerned, cheese remaining throughout the year at a- consistently low figure, while most factories had recorded a decrease in supply owing to the drought conditions during last summer, the coastal districts experiencing the full effects of the dry weather, with the consequence that the company had to report a substantial decrease in butterfat. The dry weather was also responsible for a drop of six points in the yield, and also for the larger quantity of second grade milk supplied. The directors proposed making an additional payment of Id per pound butterfat, bringing the advances up to 9d per pound butterfat, and there would be a final payment as soon as the seasons stocks were all realised. Despite the reduced output the cost of manufacture and putting the produce to f.o.b. remained at exactly the same figure as the previous year, 2.87 d, the actual reduction being approximately £470, practically every item showing a reduction. He rather hesitated to venture any opinion as to the prospects for the current season, but if the more optimistic outlook generally encountered was any criterion then he thought they could look forward with confidence to better prices. Replying to Mr. R. G. Luxton, the chairman stated that deductions for second grade milk were paid into the general account and distributed among all suppliers so that those suppliers who provided the money received a little of it back. He recognised that there was a considerable increase in the quantity of second grade milk, but it must be remembered that last season was an exceptional one from the viewpoint of hot and difficult weather, and therefore was no criterion. He expected there would be a considerable improvement this year. Replying to a further question, the chairman said it was expected there would be a further small payment In addition to the present Id when the season’s working was finalised. The retiring directors, Messrs. Eliot King and G. N. Moodey, were re-elected unopposed. Mr. A. J. Tunbridge was reappointed auditor.

The chairman was voted the same honorarium as last year, £2O. With the consent of the meeting Mr. A. E. Baker withdrew the' notice of motion that he had tabled with a view to altering the articles to provide that a director must be a supplier. Subsequently those present were entertained to luncheon, which was dispensed by .Mesdames Eliot King, H. Wells, C. Lambert; A. E. Baker and S. M. PUrdie, who were accorded a vote of thanks. Mr. King was re-elected chairman of directors. Suppliers expressed pleasure that he had recovered from his recent serious illness and was now able to resume his duties.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TDN19350903.2.135

Bibliographic details

Taranaki Daily News, 3 September 1935, Page 12

Word Count
841

WHITE CLIFFS DAIRYING Taranaki Daily News, 3 September 1935, Page 12

WHITE CLIFFS DAIRYING Taranaki Daily News, 3 September 1935, Page 12

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