391 
Co-operative Dairies in Denmark. 
of the general meeting ; that in France it would be difficult to 
appoint officers whose services are at once gratuitous and obligatory ; 
and that it seems unfair, if not illegal, to confiscate profits accruing 
to a member expelled by vote. Subject to these reservations the 
organisation is one which may be recommended for general adop- 
tion. 
An analysis of the accounts of this Kildewceld Dairy for the 
years 1888-91 is given in the report, from which we select and 
render into English equivalents 1 the items necessary to show the 
working of the company for the year ending October 31, 1891. 
The factory was equipped by a loan of 1,792?. at 4 per cent., redeem- 
able in sixteen years. Four Burmeister and Wain centrifugals are 
used. 
Number of shareholders . . 
163 
Milk dealt with in the year 
. . . 621,708 gallons 
Average number of cows 
1,240 
Annual yield of milk per cow 
, , . 501 gallons 
Daily yield of butter . 
653* lb. 
For each 1,000 lb. of milk treated there was — > 
Expended Received 
From sale of 37 - 42 lb. of butter . « 
• 
S. 
37 
a. 
4 
Receipts from other sources . . . 
t 
9 
9* 
47 
1* 
S. 
d. 
Carriage 
1 
5 
Fuel 
0 
7 
Salaries 
0 
10 
Barrels 
0 
7* 
Interest and accounts .... 
0 
7* 
Repairs ...... 
0 
2* 
4 
8* 
4 
3* 
Difference paid to the shareholders 
42 
10* 
To find the return from the milk to the share. 
holder we must add to this the sum ere- 
dited to sinking fund of loan 
0 
4 
And the profit he makes by reselling 920 lb. 
of separated milk and buttermilk, bought 
from the dairy at l*d. per gallon 
and 
resold at 2*c? ..... 
• 
9 
CO 
Return from 1,000 lb. milk . . 
• 
62 
5* 
Each cow produces therefore about 13? 11s. 0 d. annually. 
By a comparative table showing the returns of nine whole-milk 
1 The Danish lb. has been taken as English lb., the Danish crown (100 
ores) as 1.4 francs, and the franc at 25 to the £, 
