Page 3 Advertisements Column 2

Te Puke Times, Volume XXVII, Issue 61, 2 August 1938, Page 3

THE BAY OF PLENTY CO-OPERATIVE DAIRY ASSOCIATION, LIMITED Directors’ Report The attached report of the operations of the Bay of Plenty Co-operative Dairy Association for the year ended, 30th June. 1938, has been issued to the shareholders by the Directors Your Directors have pleasure in presenting you with the Thirty-Sixth Annual Report and Balance Sheet for the year ending 30th June, 1938. The output of butter for the past season was 2,900 tons 3 cwts. 1 qr. 17 lbs., compared with 2,877 tons 9 cwts. 1 qr. 23 lbs for the previous season, an increase of 22 tons 13 cwt. 3 qrs. 221bs. Suppliers numbered 454, as compared with 479 last year, a decrease of 25. Following are the percentages of Butterfat and Butter for the past three seasons BUTTERFAT BUTTER Finest First Second Finest First Second 1937-38 1936-37 1935-36 70.82 78.01 85.62 28.50 21.31 14.06 0.68 0.68 0.32 82.66 93.765 84.43 17.34 6.235 14.65 0.92 Average Grade 93.375 93.73 93.255 35 per cent of the grading was 94 points and over, the premium on this representing £1,156 over the guaranteed price of 13.25 d. The sum of £273,168 9s. sd. has been advanced against butterfat supplied, representing an average payment over all grades 12.328 d. The amount to credit of Profit and Loss Appropriation Account is £60,016 ss. 3d. It is proposed to apply this as follows (1) To pay 5 per cent Interest on Share Capital, absorbing £895 13s. Od. (2) To transfer to Reserve Account the sum of £736 19s. lid. being the amount of the Store Profit for the year, which is shown to the credit of Manufacturing and Marketing Account. (3) To transfer £IOO to the credit of a Reserve for Income Tax Account. (4) To pay out the balance at the rate of 2.625 d per lb. butterfat. This will make the total for the season 14.953 d. over all grades, and including cream carting and interest 15.271 d. per lb. The estimated average payment last year, exclusive of cartage and interest was 13.805 d. per lb. This figure was sustained. Stocks have been valued as follows Export stocks at guaranteed price, according to grade ; patted butter held for local sale was estimated to produce the current market price of Is. per lb. The Trading Department has shown a slight decrease for the year, the sales being £49,873, compared with £49,994 las^year. Following the usual custom, Reserve Account has been credited with the sum of £69 7s. 2d., repiosenting profit on Shares resumed, and non-shareholders deductions made. The retiring Directors this year are Messrs W. E. Singleton, E. M. Beechey and W. E. Bowen, who are eligible for re-election, and have again been nominated. No other nominations have been received. W. E. SINGLETON, Managing Director.

Woods’ Great Peppermint Cure, for bronchial coughs, colds and influenza.

POISON LAID POISON laid for dogs on properties 01 Mr F. Kingston and Mr C. Whitehead, No. 3 Road, owing to sheen being worried. All dogs shot. FOR SALE Artichokes. 5/»cwt. Own Bags. Orders left at Farmers’ Trading Co., Loan Co. or Ring 33d. / 22 BREEDING Cockerels, Black Orpingtons and White Leghorns (extra good laying strains) & settings of eggs 8.0., & F. & W. Runner Docks. Ring 33d. /22 MEETINGS M E J. T. B AECLAY M.P. fdr Marsden Will Address Electors in tne CAPITOL; JjHEATRE MONDAY, AIJGUST Bth at 8 p.m. And at PUKEHINA HALL on TUESDAY, AUGUST 9th . at 2-30 p.m.