KAIRANGA DAIRY COMPANY.

Dominion, Volume 4, Issue 932, 27 September 1910, Page 8

KAIRANGA DAIRY COMPANY.

; ANNUAL lIIOETOG. At.,the third; annual. ■ meeting of the Kairanga Dairy Mr,. C.. Collis, presided; ' and there, was a good attendance.^ 'l'ho annual report, roadTho volumo of business, shows a considerable increase oyer.tho jlast' year, 1908-09. The'increaso is mainly 'duo • t6< the . purchase of the Fitzherbert . East .creamery, , which was V«f-fepted:-in last. :, Great praise is [.due to; .the ' l'itzherbert East settlers for 'the 'hearty; support given'- to tho movement; ■ they not' only - agreed to provide ..milk... from,',a. certain, -number of .coirs, but' applied for sufficient, shares iii tho capital ,of tho company-to cover tlio cost -..of. the creamery, and to. make, a contribu-. tion towards the cost of . the main factory. The amount to the credit of tho .profit'' and loss account 'is ~£1072 3s' Id., which: we propose to ask you to dispose of as . follows:—Payment ; of.a dividend of-;'-5-par- cent, on , all■ ,paid-up capital; a bonus; of one halfpenny .(}d.)[ per lb. "on -buttdr-fat. supplied during, the ■ season by all -suppliers folding shares, and the'balance, to: be. written, off - for 'depreciation ! on- ' buildings, .-plant,- and .machinery' accounts. .-The., total-, amount paid :to . milk' suppliers was i£1G,583 17s. 2d., being- equal to.lod-.G742 per lb. of britter-fat, plus the bonus of one halfpenny. (}d.) will make a ..total- payment^,of i11d.1742, nearly equal to ,lld. 3-16ths[ : The. following payments, .were ; made during the ' past', -season:— August, 100!). lid.;' September, 1909. "to February,..l9lo, lOid/; ;March to July, "10]fl,- lld. ,pE>r Ib. for butter-fat.' . ■JXiThoY.-rctiring -. directors} were -again elected.