KAIRANGA DAIRY CO.

Dominion, Volume 6, Issue 1560, 2 October 1912, Page 10

KAIRANGA DAIRY CO.

.;,; :jannualseport.. ; ...... ft The nrtli- annual report.-.of. the Kairan-a covering the your ended , n ,- v ■'■:' h 'States tli.it there was a considerable ; increase in the value of. tlic business during the yrar. Very good prices oilormg at the comiiiuiicehiont of tho reason, and tho directors thought it advisable to-sell; a'■ portion of the output, ami, although tho price was'higher than at' tiio .commencement .of any other- senson, tJiR -.net market Rrice at i;ho end of the.season lor butter on consignment was higher than the prico at .which part of .the'.shipments-"were sold. ■ Tho -board were;.however,' able to recoup themselves by diverting; some .of fcho sliipnieiitsi.io l Vancouver. Tho profit and loss account Phoivs.a credit of .£36S 3s. 6d., -wliitfli: thejiircctprs recommend ho divided as follows:—Payment of a dividend -of- 5 ' per 1 cent, on-nil-paid-up capitalra filial-par-ment of-0.39 'per Ik of 'butter-fat supplied .during-'-tho year , by all suppliers holding shows in tho ciipital of this company, in accordance with the articles of Bsscciation; and tho-balance carried forward, l'lie following payments' wero .made during-the financial year:—Au«usti 1912, Is., ab per lb.; -September, October, nnd .November; 1311, ll'd. per lb.; Vt>Mnuer, .1911, May, June,. July, .1012, Is.. ? er .-, I Mv,:< J am\ary,.;:Febrnary, March and P12.11,dd. per lb.,.iiiakin s the.total' ftrjb.■'.. , . -.--.■■. ■■:.;>-.■ - ; .