THE DAIRY SEASON

Bay of Plenty Beacon, Volume 1, Issue 57, 1 September 1939, Page 5

THE DAIRY SEASON

THE TE KAHA COMPANY ANNUAL MEETING HELE> There was a large attendance at the annual meeting of the Te JOalia Co-operative Dairy Company, held at Te Kaha on Saturday. There was a large attendance presided over by the chairman of directors, Mr Haukine Paora. The directors' report ) and the balance sheet were presented The chairman in his report stated that this was the ■ first season that, there had been a decrease in. the com pany*s output. There had been a decrease of 62 tons over last season, the chief reason being that they had experienced the worst climatic conditions during the year for a long time. There had been no growth in the spring, the summer had been a dry one, and there was no growth in the autumn, so that the cows went •into bare paddocks for the winter. The suppliers now had a lesson that they should provide for as without feed they could not get production. The decrease had been general throughout New Zealand. There had been no reports yet of any factory showing an increase. There had been one pleasing feature during the year in that the average grade had gone up and they had manufactured more finest butter. The chairman also referred to the rising costs to dairy companies. The principle of the guaranteed price was good, said Mr Paora i and the old system was played out. The price, however, was not enough, but should be the same as fixed by the 1 advisory with added costs taken into consideration. The chairman moved the adoption of the report and balance sheet, which w r as seconded by Mr W. J. Swinton and carried. Mr N. W. Oliver presented the auditor's report and also brought greetings from the native trustee, Mr O. N. Campbell. The report was adopted on the motion of Mr P. Ngamoki and seconded by T. Mekerapata. The following w T ere elected to fill the vacancies on the* directorate:Haukin, Paora, C„ W. Fairweather, M. Waititi. The Native Trustee was re-elect-ed auditor. The resolution to amend the articles of association by an alteration to the basis of shareholding by members was adopted. A resolution lo the payment of fees to directors was defeated. . Mr A. H. Cato moved that the 1 articles of association be altered to read: "That the number of direc. tors shall not be more tha | -five and that three shall form a quorum/' This was seconded by Mr C. W- Fairweather and carried.. A resolution to the effect that the company was in "favour of the guaranteed price principle, but that the factor of increased costs and a just reward for labour should be taken into consideration was adopted. On the motion of Mr A. W. Cato, thanks were passed to the chairman. d ! rectors, secretary, manager and staff. The payout by the company was af the rate of 14.5773 d per lb butteffat. compared with 13.3575(1 per lh hntterfat for the previous season. Sales of butter during the year amounted to £30,203 13s. The statistics showed that the num be>* of sunnliers increased from 134 f: ° ir7 ''"nns the year. The overrun nn while the average grade. u " 4 -+~~ was: 92.11.