LEVIN DAIRY COMPANY.

Dominion, Volume 3, Issue 871, 18 July 1910, Page 10

LEVIN DAIRY COMPANY.

[','. ■""■ ANNUAL'MEETING. ■' The eleventh annual meeting- pf the j levin Co-operative Dairy Company, j IA&., is to be held at Leviu on Wednesday. .. ." . ;■" It is stated in the annual report of I', the directors, that the season has been 5 a successful one for business, and that ■;.a net .profit of £1186; 19s. 2d.. has ■ been ; made. That amount has been partly I-absorbed'by'ihe writing-off for depreciation. £659' 12s. 10d. The new faoj. Tory had, according to the report, quite f leached expectations. It afforded the I directors- pleasure to. report that'the i grade notes had shown, the butter to j be of .splendid quality, and, also to /rev J jport that the manager (Mr. Smelliej r had won prizes at the Dunedin and I the Palmerston North slimysi During j. ,the season there had been. an increase j :in the quantity of milk supplied, and a [ result had been increased butter sales, j The whole of the plant had been kept I up-to-date. . ■' j The' balance-sheet presented shows the i jKisition fof the' finances «n May - 31, ; -1910: The assets exceed the liabilities j by £527-6s. 4d. Tlie assets are: laud pmd buildings £3274 19s. Bd., less £135 ! depreciation, £3139 19s. Bd.; machinery Tand plant £5240 12s. 10d., .less £524 i ,12s. lOd.; £47 16; stdeks on hand.£444 i f ;165.v10d.; sundry debtors £1505' 16s. I fid.;; farm, £2178 15s. 4d.; and bills j Receivable, £50; total, £12,035 Bs. 3d. ; The profit and loss account shows that i £21,722 11s.. yd. was paid out to sup- ? pliers. "Wages absorbed £1333 25. , Id. i —£935 10s. Id. at Levin, and £39? j 12s..at Linion. ' The freight costs toI tailed £407 16s. 5d..; and £511 os. 3d.: i was-spent on boxes,-of which latter ;. amount £378 10s. 7d. is written against 1 Levin,-and £132 9s. 8d: against Linton. ; : In interest, discount, arid exchanges, I levin is debited with £275 18s. 7d., and \. linton with £80. Salt, paper, etc., ;: cost £138 Is. lid., and freezing £74 ; 9s. 7d. £159.165. 9d. was spent on ;. firewood for Levin; and £128 Ba. on !■ the fuel for Linton. The butter "sales i- returned £20,331 ' 10s. 6d., ' and the f cheese sales £6610 ss. Id. By way of I. rent £80 10s. was received, and from j. tho can account £2 18s. 3d. j' The .meeting will..be,, asked to elect. ; two directors: Messrs. B. R. Gardiner I and J. Davies retire by rotaton. Mr. !" Davies seeks re-election, and Messrs. J. i D. Brown, E. M. Herrick, and ■• W. I Bead are also candidates.