CO-OPERATIVE RENNET COMPANY

Dominion, Volume 12, Issue 226, 18 June 1919, Page 8

CO-OPERATIVE RENNET COMPANY

... .. ANNUAL MEETING; .■"V.'-fßr Reporter.) '. • Palmerston North, June 17.. The third annual meeting.of the New Zealand. Co-operative Rennet Company, Ltd.','"was held to-night,. Mr. W. Fisher (Carterton) presiding. • '. - 1 The directors report, statedaliat. dating year just closed 14,178 calves' veils and 16,500 lambs', veils were collected/ Mr.' l C:;" Cooper had been appointed manager for'a term of years. The total Suinbet'of shares applied'for to date was 14,823; 'on which',£lßs7 6s. had been paid np.l, ,"• ' ■•In-'moving the adoption' of the,report and; 'baljlnce-sheet, • the chairman said preifliSeis ; had been leased at Eltham for the manufacture of rennet. It was up to the factories to supply something more fHStf 14',000:"vell3 if the business was to be' 1 successful. As far e.s lambs' veils ■were" concerned an experiment was being made, and if it turned out a success no difficulty' would be encountered in se-curing-more. The balance-sheet showed that the financial position was'satisfac-' tbty and that a return was made on the mon6y ' expended. ,Mr. J. B. Marks (Mangatoki) said that 'dairy companies should be urged to produce good-quality veils, and to this sufficiently high prices should bo p^id-for them. New Zealand could supply' "lil0;000 veils, and every inducement should ba given to farmers to save their veils. Sir. Marks seconded the motion for the a'doption of the report and bal-ance-sheet; ' : . • ."Mr. W.vD. Powdrell (Kaupokonui) considered that the company had justified its existence, and he felt that just as good rennet could lie produced in New . Zealand' as in the Old Country. The manager of the company, Mr. Cooper, said that if fanners received 2s. to 2s. Gd. for their veils they would be getting good money. ' What was necessary was'to urge them to save the veils. Mr. D. Cuddie, Dairy Commissioner, stated that the Government was really responsible for tlio Rennet Company, having started operations, and instructions had been issued that it was advisable to increase the size of the veil. " ' ' - The report and . balance-sheet were adopted. . Messrs. W. D. Powdrell and J. S. Maekay were' reapnointed directors. It v.':i= recommended foyihe director* that. Mr. P. Lawson, of Rexdale, should'be ele'ctel to the directorate, in place of Mr.' 1 ? Wise, who had retired." Mr. C. D, .Morpeth was re-elected auditor.