DAIRY COMPANY MEETINGS.

Dominion, Volume 3, Issue 908, 30 August 1910, Page 8

DAIRY COMPANY MEETINGS.

;■■"■;:.■;.:..■ -.::, , v .; .. v. ■ '.;■ '■'. ■;v" ■■''"■■' •; ; :AWAHOEI. ■•''V'-;;; ■ : Mr. J; A. Cheetham presided at.the au- : ; nual meeting of, the Avahuri Dairy Company. ■' ■-.■.'. ■-'■ ■ y.'-' ■' ' ''.; ■'■■'■ ■■■-.•■ .The annual stated r that the year's working, has been highly, favour-. : able', and the. price paid for butter-fat 'for the whole year-was equal to.lljd; per ,'• 1b. , :, The milk supply increased,• and,' ■ ..with, an average-test : of 4 per' cent., butter-fat largely contributed,to the'.suc'cess attained.? The high quality of the butter made at the company's factory: is. .. fully . attested by the excellent prices :. . realised,-by the: fact that it obtained 'the highest average grado for the season of all the butter shipped from tho port ..'. of-Wellington, and by the prizes awarded ■';• at three.different shows. After• writing' &Vm. 13s. off plant ,'ind: machinery, there. :; remains a sum of .£152 45.-3d. for the dis- ;. posal.of: this meeting,. and'.out J of this ;'. amount-your; directors recommend "that . the!usual 6 per cent, .divided on paid-up ■■■ . capital be voted, which will, then leave a '...' . sum of-iG-J 185.;9d. to -be dealt- with, as , -this;raeetihg , :may decide.■'. ■ ;■". •■ " ':'. : The.report 'was adopted, and* it was. de-, . eided to pay a dividend of 6 • per ;cent: , ■■■■. -and' carry, forward : £M 18s.\ 9d.' . . ■■.■ -.. .The "retiring .':directors,. .1 Messrs. '■. T. :. Sutherley! and E.J. Tunnicliffe, were re l ';■ '■;elected...:. ,: .-.'.'-. .-• ■' "'■•'". ''■.'■ -~.''...-, :■"- '..- ■ ' The .following is .a comparative tablo ■ ihowing prices paid to suppliers'during. -the;seasons. ! ;of-1908-10:—.■■'.,■'.■■■'■ ,' ■'j y), ' : y'.y:^. : "-.'- ',' -1908-9. ; 1909-10. ; "'■ : '':■■'l-., : .- : -••.: .■'■':■--'■ B. d:'. 's.d. '•'•■' ■ ■'..•■■ /July': ...;;:..:„.....:....■• l o ■•■;■ oli * :■ August .:..;..........'... l o ■ .on. ■ : - ■■"September ; 0.11 \ 0 115 ':;'■:■. '.October, ..." 0 10i :. ;0 11*- "-.-: ; ■.'"-' ..'.November....-..!;'. -0 10* 1- 0" ■ ;.-.'■ ; :I)ecember.,.;...> Oil: :.•-■'l 0- -. , .: : - : .V'-;:' 1908-9."; 1909-10;- ::■" ■ - ; ; ',:■■ ;■ ■'"" : ';. . ' s..d. ; ,s.d.-., . . l : : -January, :.....„..„;.;. Oil- '■■-••'■'l ,0 -:■■ ■'■'.. .-: February -•;..;;:..;.:....• 0 IOJ '.■'.. 10 '■' '■:':.. :'March ; o loj''■■'■' o iii.-'\- .'. .'■; Apri1 : .;..........;;....... Oil -Olli.-. ■.-/.■..-.'. May::.' ...;.......;.... l o :.; l o :.- - : :^nne'...;.;.:,....._...;..:..0,ii r;o ~: ;.:-' ; ' ■■■-V-.' :;•■''.- :'' The; annual, report ..of .the Eahotu Conj- . ■:; fpany-is to'be held to-day.,.'- s : ; ; .•.;■'.-•,' The. directors report a material'increase V;- ill the; quantity: ,of- milk handled and ,-'.' cheese' made'.' i.Tho' output of' cheese-was '• -A .shipped; on consignment, and returns so I ■.'■:'-;, far ', received show ■ favourable ..pricos-' ■'■'.'".'.'/Tealised. : During the year agitators have, \ been installed at the factory,: and: have Z'\ ■ proved satisfactory, .and a combined ,-' .churn.and butter-worker- has beep: pro- - . ,cnred 'and installed also.- ' The -purchase-' : i .;iof;these articles accounts for the-'in-. -;' iriease l ;ia-; the: value of • tho .'-factory' , ,.jasj -,•■'• ; . shown- in the balance-sheet; 'The balance* .•■■:r~.to (credit of. p.r.ofit/and loss account on .".•-. closing the -'bßoks'-.-amonnted. to Ss: : '■'\ ,2d., .and ; ' ofithis amount £220 18s. has '. ■ ibeen written off the -whole of the fixed :■;.';..;assets of the company as.depreciation at .: :■'. 5 per cent., and the balance =£8 lls. 2d. : carried forward.' Anticipating:a;;'higher: -.-;-'.• : lango; of prices, than actually ■ 'obtained,; . '■•. : your directors .paid ; out.'liberally ■at the' ;V : .commencement;of .the season, :and .con-: :■'".:' sider'-the payment of : 10.85d. jper lb. of "'■-'■ butter-fat very .satisfactory, , having "/'. gard 'to-prices realised. . ■'•'"-'• '-.'■■ ■'• :• '* .: ; :Statistics for. the year ended June 30,. - '.1910,-i.afe , 'as : .follow:—Milk received,' .-' ..-■'- 7,242,8941b.;: butter-fat, (cheese 252,6441b., . . .'Jjuttor .;15;3551b,); : 267,9991b.; average: test; ; ,-. 3.7; -cheese: made, factory- : weights, , : , ~:• 645,0331b.,': "selling - weights, . ..632,6531b.; : ■:■•. . -weight:of cheese to lib. butter-fat; factory ■; :■<■/ weight, ; : 2.551b,, ■ selling -weight- 2.51b.; ', ;.:'_;.; tutter .made';.. 17,4851b.;: over-run,' 11 -.per :,;•.; ;■} cent; average price:.per 'lb. cheese (f .0.b.) ■'v'V 5.31 d.; average price '■ received . per lb. !■">butter-..(f.0.b.). lid;;:.average,price paid - : : per.lb. butter-fat-10.85d. ■'.',.; ...■; .:; i ; '•: >:.-;T.;L. JOLL COMPANY: : : •T^; .-. .' ■!' Tie.;!report presented at. the. V annual v ■;, meeting of-the. TM. Joll "Co-operative -.." ':.-. .'Dairy i; Company, .Ltd.,. ;-. :• 'Trriting off:.the : sura of .^81439.85. 9d. for '.."■ . flll-Tound depreciation, "•■: there ' remains a •;'■ ' (credit, balance 'of- 145.;.t0' be dealt .:: ■i'with 1 j : your .directors, recommend that ; a . ■ (dividend, at;the-rate of 6 per cent.' "per : -. . tainum, (absorbing' : £2&l. 13s.).be paid .to ': -jshareholders pi'all. paid-up capital; and •:■ :. rthat a further payment of i.Q25d. per lb. ■:;:■ {be paid fof:",butter-fat supplied through- '■.'■'■.' jout , the year,, absorbing the, sum'..of £7SVI ;';,;■■' j4s, 9d., leaving'a balance of'"Jß76-l'/sl. to be ~ Sjcarried'forward .to thle credit of next ;'■'. ••'•'■year's:.:-account.: .This, will ".give 'an :",";: .equivalent, exclusive of interest,-:of. 11162 d. ::, fper';lb". : on-all butter-fat, supplied through- '•'■■ fout-the year; ', '; •" v.': •-' :' The table 'of, statistics showed.— : Pouiid< ■','•. (Of milk received 47,906,429, lbs. of butter7:'- |fat:i;7Bs,o7o,.average test 3.726, lbs. oi ■■■.-.-.- jcheese made (exclusive of shrinkage ai ;'•.' ithe .fate'of Z\ per cent.) 4,593,452,- lbs .-,-:■: .. milk to lib. of cheese 10,407, lbs. milk. t( '".' '' ■'. 'llb.V-of -■; bntter-f at 2573,: cost -of mannf ac ■'.-. .|ture'.per' lb. (f.o.b. Patea) .837. Figure: xontained in the balance-sheet showei: ■~-■■■ pthafc 13s. had been received'foi ~;., icheese'orid i 199 18s.'for butter. Of thii '■;.. ■ amount payments to- suppliers' accountec '■:.:: for ,JE78,770, charges on Home- consign ..;-;■ iment,'.£l4,oGß, wages and salaries .£5193 :-..*oxes" and cases freezing and rail ■y'■-_ iage ..£]202,, firewood and- electric powe , .■-.-..' JE1373;.:' requisite X 2023. : The: report' 'M ;'*doprted;,, ; .;■ . •', ■ '■, ; ,-» .(v , ; , --..':