RONGOTEA DAIRY COMPANY.

Dominion, Volume 5, Issue 1317, 21 December 1911, Page 8

RONGOTEA DAIRY COMPANY.

AX.MTAL MEETIXG, ■' ; The report presented at the fOTen'teonth nnnuaL liieetui;: of the Konjotea Ilairv 1 Uinpany sUited that the early part of tbe season, save promise- of; one of. tlie most succex'-tiil 'year? the co'mpanv has had, b.ut uuf'ortunately. the- stinplV ri'ecreaietl oivinp: to. bad weather'conditions, awl-although pricei ruled high th'e'v tfid pot compensate for.-the decreased oiitput. ?, ISSI'PJ 4 '"> itev wc *£2206 le>s than 1900-10, and tho amount paid to ?uppliers iras reduced in proportion. The ife c f« ot ir® .profit-Mid-loss acconnt' is ASM I9f. ydi|and the directors reeommend that it be divided as follows Payment of ir ti mi- eont. dividend on all - eai)it.:il; a ba'nu? of one farthin^ Ai(U. per.-.tb,. on /liutfer-fatAsiipplied bv ■mrmbers holding shares in tlio capital of the company, in accordance with articles of association, and that' the balance be carried to the reserve -ricoouiit. Ihe average advance to sunpliers for biitteK-fflt was 10.807 a per lb.'; with the tMidition of a- bonus the total 'payment will be over lid. per lb. The folloivinq; are the advances during the SMioii 1910-11 September, 1010, lljd.; October 1910, to April, 1911, ]01d.; May, 19]' i HVd.i Juhe, 1911, HUd.j July and August, 1911, Is. 2d. . •

J 1 ."'"ViiiK the adoption of tho report and balance-sheet, the clinjrwan (Mr,- H. H. Hunt) said the past year woiild be one to remember for two important thing's, the chi'of of ..which was the ei'tfc-" lion "of tho ho'w"factory,'and the'other' was. the long dry. spell, -which hrid afi'cctcd the milk supply considerably.' -JJo-* coipts'were ie.«s tha'.-.i last year, but, (a'k-! in? all things into consideration, t'oev' had come out fairly well. The ehnirrtian' referred to certain' disquieting rnmoursi which required consideration. Outside companies, we're thinking of'establishinga. cheese, fa'ctory, and,-lie pointed out that' it would be unv;ise of those who luid-co-'-operation at. heart to supply proprietary concerns. The ijiiesHon was more important than many thought.' They should' remember that the company had spent' ft large sum of money on their interests'.and if' cheese factories were encouraged they would not' be able to pay out best prices for butter-fat. He concluded his remark's by urging suppliers to. form a herd-testing association. He knew there' were some opposed to it, but the matter was well worth considering. Every supplier, wanted to- get. the maximum 'sup. ply of milk; and- the best way to do thatwas to test and will out tlie-ciills.

The report and balance-sheet were unanimously adopted. ' Mr. O. .T.'Soott was elected auditor, and' Messrs. IV. Da'rragh'and l.\ Bottchcr were. Te-clcctcd directors.