ET Penny was also one of the Directors of the Cheltenham Creamery and Butter Factory which operated between 1895 and 1905. The Factory marketed a brand of butter known as “Gilt Edge,” well known at that time throughout the entire state. Penny was one of the original committee and when land was found and the Creamery preparing to get underway, a company was formed to run the Creamery with Penny, Allnutt and Wilson elected as Directors of the company. The cutting of the butter into one pound pats was not easy until one of the chaps invented the first butter cutter, a series of wires which became known as the ‘Invicta Butter Cutter’. "(Whitehead, G. J. The Cheltenham Creamery and Butter Factory, Article Ref. 259, City of Kingston Historical Website)(Everest LePage, Article 201, City of Kingston Historical Website) (Caulfield and Elsternwick Leader January 26, 1895 page 5)(Tom M. Farmilo, Senior Horticultural Adviser – Vegetables (first published in the “Victorian Vegetable Growers’ Digest”,summer, 1970 now available on the Ausvegvic.com.au website)"