Page 2 Advertisements Column 1

Bay of Plenty Beacon, Volume 2, Issue 200, 16 August 1940, Page 2

Rangitaiki Plains Dairy Company Limited gILVER JUBILEE 1915-1940 We publish below an outline of the Rangitaiki Da'iry Company s founding growth, and present day organisation. From its inception in 1919, this company has developed to such an extent that it is now the second largest, and one of the most progressive. Da.iry Companies in New Zealand. ON the 28th day of April 1915, a meeting of Rangitaiki. Plains settlers was held at the residence of Mr. John William Sumner. Those present were Messrs. W. Taylor, R. J. Bentley, C. J. Luxton Snr., C.J. Luxton Jnr., G. Greenup, A. C. Martin, A. L. Luke, J. Judge, E. Hooper, Joseph Smiith, F. E. Walker, F. L. Sumner, A. B. Barr and J. W. Sumner. Mr Sumner was elected Chairman. The meeting resolved: — (1) • THAT a Co-operative Dairy Factory be established in the district. (2) THAT a Factory site be selected. (3) THAT the Provisional Directors consist of seven members; viz., Messrs J. Wm. Sumner, G. Greenup, C. J. Luxton Jnr., A. C. Martin, R. J. Bentley, W. Taylor and J. R. Judge. A FACTORY site was selected at what was known as Otarere (now Awakeri). On this property stands the first Factory Manager's original cottage and part of the Factory building, this latter being used to-day to garage several of the Company's trucks. Mr W. R. Knight was appointed the Company's first Factory Manager. The position was advertised as follows: — Rangitaiki Plains Dairy Company, Limited WORKING MANAGER WANTED FOR NEW CHEESE FACTORY. Four vats floor space, 2 vats guaranteed for opening; splendid • prospects. Apply by June 30th 1915, to CHAIRMAN, Otarere, Bay of Plenty. THE first Annual Report and accompanying Accounts for the 10 months ended 30th June, 1916, are given below:— RANGITAIKI PLAINS DAIRY COMPANY LIMITED NOTICE is hereby given that the First Annual Meeting will be held in the FACTORY on MONDAY, 24th July, 1916, at 2 p.m. to receive the Annual Report and Balance Sheet; to consider Mr R. J. Bentley's application to be relieved from liability under the cow guarantee; also to consider any other business that may be brought before the meeting. _ ■ • L. BUDDJLE, Secretary. ]S[ o te. —Proxies must be delivered to the Secretary not later than WEDNESDAY, 19th July, 1916. FIRST ANNUAL REPORT AND BALANCE SHEET OF THE RANGITAIKI PLAINS DAIRY COMPANY LIMITED FOR 10 MONTHS ENDED 30th JUNE,, 1916. To be laid before the Annual Meeting of Shareholders at the Company's Factory on ' Wednesday, 30th June, 1916, at 2 p.m. . ' DIRECTORS: Chairman—C. J. Luxton. Messrs W. Taylor, J.Carson, G. Greenup, A. C. Martin, A. G. Sparks. YOUR Directors have pleasure in laying before you the first annual Report and Balance Sheet. The position (is not perhaps as satisfactory as coulcl have been desired in view of the high prices ' that have been received for the output; the actual net profit being £414 4s 4d, after allowing £119 for depreciation and writing off £29 18s 7d of the preliminary expenses of the Company. As against the high prices that have been received, however, the prices of all classes of good,s have increased to a large extent owing to the war, which has mad,e the cost of production almost proportionately heavy. The Government requisitioned from the Company's output 15 tons of first grade, full-cream cheese the price for the above being per lb. f.o.b. ocean steamer. The 15 tons was duly consigned'from the factory but lit has been only recently ascertained that 21 crates thereof were second grade. This was not ascertained until after we had sold the balance of our output to Messrs. A. S. Pate'rson and Company, and consequently thte Company has failed in satisfying the Government requisition by li tons. The rest of the output was sold to Messrs A. S. Paterson and Co. at different times at prices 7id, B|d, and 9d. ' -.on * t, -u i, ij" mi The total number of suppliers throughout the season was 13, all of whom are shareholders. The amount of milk received was 1,412,357 lbs, which yielded 57,229 lbs of butter-fat. The total amount of cheese manufactured was 132,400 lbs. _ _ You will be asked.to appoint three directors, two in place of two (to be chosen by lot) of the present directors, and one in place of Mr J. W. Sumner, who resigned in March last. You will also be asked to appoint an audit 0l for the coming year. C. J. LUXTON, Chairman. Balance Sheet as aft 30fth June, 1916 LIABILITIES ASSETS Capital—7ooo Shares at Land and Buildings 1701 13 7 £1 each 7000 0 0 Less Depreciation 60 0 0 1641 13 7 Less unallotted 5758 0 0 v . Less uncalled HX 2 312 18 10 59 0 0 726 9 4 ' * ' 00 „. 1C - o Stocks as per sheet 678 16 4 Bank of New Zealand *o<4 it> o D e Mors 18 10 7 Sundry Creditors ' H \ Preliminary Expenses 149 18 7 Profit and Loss Account ________ Less one-fifth written off 29 18 7 120 0 0 £3185 9 10 £3185 9 10 TRADING ACCOUNT FOR PERIOD 10 MONTHS ENDED 30th JUNE, 1916. To Purchases—Milk 3099 10 10 By Sale of Cheese 3887 3 0 Sundries 122 710 3221 18 8 g a j e 0 f Sundries 151 9 3 4038 12 3 Fuel 171 15 2 Stocks —Factory 123 3 0 ' Wages. i?? 1 ? a Auckland 555 13 4 678 16 4 Crates 114 4 4 Freight and Cartage 93 9 0 r Freezing Charges 12 17 10 Wharfage 7 15 6 Materials and Expenses 170 0 5 760 1-. 9 Office Exes. & Salary 52 17 0 1 Tntprpst 96 4 9 Insurance 22 12 6 Balance down 563 2 11 £4717 8 7 : Depreciation on Plant - ~~ ' £4717 8 7 10 per cent for 9 7 mos on £785 ' 59 . 0 0 By Balance brought down 563 2 11 Depreciation on Buildings, 5 p.c. for 9 mos. on £1570 60 0 0 Preliminary Expenses, pro■portion 1-5 written off 29 18 7 148 18 7 , Balance as per balance sheet 414 4 4 £563 2 11 £563 2 11 L. BUDDLE, Secretary.