TAIERI AND PENINSULA MILK SUPPLY CO.

Dominion, Volume 8, Issue 2298, 31 October 1914, Page 10

TAIERI AND PENINSULA MILK SUPPLY CO.

(By lelcerapU— Pres3 Association.' • Dunedin, October 30. 'At the annual meeting of the Taieri and Peninsula Milk Supply Co. held to-' da.y the chairman stated that the year's :- operations had resulted in a loss. This ■' was duo in the first place to the Waterside Workers' strike, at-thd end of (l which several steamers left for England 'together, causing a glut'in the market theroanda serious drop in prices. The company sold the early portion of its butter output, at a good figure, but ■_. then being tmable to secure shipment contracts lapsed, and European couu--1 4ries secured the business; outside markets, the speaker said South Africa had not been by any> means as-good as in previous years, as this country was now adopting a dairying policy the same as tras in i'--~ vogue in the Dominion, and in the near future would grow enough produce for her own",requirements. . The.only time : : when they would come in was ■ when ' :: rinderpest, and: other pests affected the South'-'African cattle.' The company had

boon endeavouring to get produce int< tho San Francisco and Vancouver markets and had met with a certain amount of success, but the action' of the Goveminent in penalising' the South Islahc in tho way of freights had' given th< management .a very big uphill fight •The management had been' lately endeavouring to got produce introduced into Boston, Now York, and Chicago. A small amount of success had' beer achieved, but the disastrous war stop ■pe'd air operations there. In the meantime it was decided that a dividend ol G per cent, be paid, and to become pay. nblo on Februaryl9, 1915.. .