DAIRY PROGRESS

Waikato Times, Volume 119, Issue 19945, 23 July 1936, Page 8

DAIRY PROGRESS

l CAMBRIDGE COMPANY. ! OIABON RIVIIWID. . INCREASE IN MANUFACTURES. A successful season is reviewed in the annual report of the cambridge (Jo—operative Dairy company. The report will be presented by the chaiuuan of directors, .\ll‘ \\‘. llarbutt. at the 35th annual meeting of shareholders gt) the Cambridge Town Hall on July “it is pleasing to record that tho season has been a iavourable one." states the report. "and in consequence. the quantity of butter-tat supplied to the company increased by Li per cent over the preceding season. the amount handled being 4,603.6561 b.. which was manufactured into 1678 tons of cheese. 1715 tons creamery butter. and 7” tons of \\liey butter. "The tirst. of the season‘s butter ‘ arrived in England at the and 01 septiembcr on a quickly rising market. iwliicli reached 12!: per owt. during ‘ the third week or Uctober; this point. ‘hO\\C\'Cl‘. was not sustained for more than a day or two. and prices quickly fell to 865 per cwt. within two months. The market remained steady for the following two months with prices ranging from 1005 to 905. when the lowe‘st point. in price level for the season was reached in March-405. Since then, however, the market has stoodily improved. l-‘or balancing purposes. stocks have been valued at an average‘ or was per ch, provision having been made tor all charges. 1 Ohm Market I“. i “ The cheese market ha been sub‘stantialiy in advance of the teat-35 ‘ season. Suppliers will remember how weak the market was 1?. months ago. having relinained about 323 s to 655 per lowt. from November, 193‘, to July. 11933. it started to rise slowly in | August and continued an upward trend iuntii the end or October. On this risilng market the balance 0! last sea—- ‘ son‘s stocks were sold. which is clearly ‘demonstrated by the substantial addi- ‘ tional surplus shown in the cheese apipropriation account of £9233 13. 2d. The market remained consistently ‘ good (or the remainder o! the season. Iwith the exception of a week or two in March. When. in sympathy with butter. it fell below 505. For balancing purposes, stocks have been valued at 57s 6d per cwt., provision having been made for all charges. “its quality of butter manufac—tured by the company has been well maintained. not a. single box of creamiery butter being graded second duriing the season. and of the butter ‘ graded for export. only 11.36 per cent ‘was graded first. the balance being ‘ finest. Unfortunately, with cheese i manufacturing. a. great deal of trouble ‘was experienced during the season with starters and in consequence. the proportion grade‘d finest was less than in the previous year. Payment for luturl'at. . “ Substantial surpluses are revealed in both the butter and choose manuv iaoturlng and marketing accounts. The suppliers [or butter—making have reoolved an average advance payment over all grades of 10.5465 d per 11... whilst the surplus will permit oi .i final payment of 2.1876 d. it is prw posed to pay an interim bonus to but—ter suppliers on July 30. equivalent to 2d per lb. butter-fat over the whole season. The balance. together with any further surplus on realisation will be distributed as a final bonus. Thou payments are exclusive 0: cream carta e. 8“ For obsess—masking. suppliers have received an average advance payment of 10.8386 d per lb. and the surplu“ill provide tor a further final payment o! 2.399“, of which it is proposed to distribute this equivalent 0! 2 i-8d as an interim bonus on July 30. i 936. The balance. together with any further surplus on realisation will be distributed as a final bonus. “ The whole of the company‘s plant is in efficient order. A butter packer and scales were installed at the’ Hautapu butter {actor-y. whilst the boiler at on Lssmlngton factory was replaced. Adequate provision has bean made for depreciation." The two retiring directors are Messrs F. H. Anderson and T. Rob—inson. Mr Anderson will be seekinl re-election. but Mr Robinson has up nounced his retirement. 5