FARMERS' DAIRY UNION

Dominion, Volume 11, Issue 287, 23 August 1918, Page 8

FARMERS' DAIRY UNION

L ANNUAL MEETING.

- The annual meeting of the New Zealand Tannere' Dairy Union, Ltd., was peld in Palmerston North on Tuesday, jle chairman, Mr. T. Pardons, presiding. | The chairman, in moving tho adoption if the report and balance-sheet, said hat all would be satisfied at the position disclosed. The company had beenmaking progress for a good many years pow. . They had, with the 'present meeting, reached the twenty-fifth v'ear park ill their history. Since (lie company started great strides,had been made In the industry, both in price and manufacture; In the first years of the industry it had been a big up-hill fight, and tho small settler had had a hard time, as the prico was only G-Jd. per lb., ind he had to niako a' refund, so that Hiere was little in it in those days, rrom. the balance-sheet they would cee the company was in a good financial position. Years ago they had creameries in different parts of the Wellington broyince, but factories' had sprung" up jfhich had interfered to a certain ex-tent-with this enterprise, and a number pf the creameries were closed. The sompany proposed to pay a bonus of [id. per lb., a dividend of 2i per cent »d write off ,£1037 10s. Gd. in depreciation. The company was now erectiu" I new factory, and he felt that when itwas completed it would bo one of the pest in the Dominion. Ho was pleased fo Bay that one or two of their orHnnl pmployees were still in their employ, Nd a fact that would be heard with interest was that tho machinery which jiad been installed twenty-five years a«o pas still in good working order and frould bo used in tho new factory Tn :onclnsion, he hoped the company and he suppliers would experience an equally prosperous season during the comiii" pear. " j The motion was "seeonded by Mr. Nash j- Mr. Thompson asked if they were to ?xpect something extra from the Govwnment on the butter purchase. Ho Kelieved somo people were to receive a payment next month.

The chairman said nothing was settled in regard to that question. It appeared-that those who sold for home fonsumphon were denied any of the proHts made by the sale of exported butter, vhich ho did not think fair. (Mr. Maul said if their output had peen sold on tho London market instead rtthe local market they would have reServed 2d. per lb. more. j The motion was then put and carried. '.Messrs T Parsons and E. Maul .were reelected directors, and Mr. E. Wilber{pss auditor. .. i'.Hiv'Nash moved ibat the company puton record it 3 appreciation of the 'stall', particularly of Mr. W.-E. Bendnll and Mr. Morgan whose work the director's ' riS "* t)l9 highest estimation. j, The motion was supported bv the chairman ondMr. Maul, aud.was carried with acclamation.