Butter Factory at Makino.

Feilding Star, Volume IV, Issue 71, 17 November 1883, Page 2

Butter Factory at Makino.

A SUCCESSFUL MEETING. la accordance with adrertisement a meeting of .settlers was held in the Makino road schoolhouse last evening, for the purpose of discussing the advisableaess of starting a Butter Factory at Makino. In spite of the inclemency of the weather a good number of settlers put m an appearance, and evinced considerable inter* est in the project. On the motion of Mr Corpe, Mr Fry was elected to the chair, and explained the object of the meeting. He then called on Mr Corpe to state his riews on the subject. After a few introductory remarks, Mr Corpe proceeded to read a number of extracts from Mr Bowron's official pamphlet entitled " Cheese, Bntter, and g Bacon in New Zealand," making brief - comments thereon as occasion suggested, dwelling chiefly on Mr Bowron's treatise on the manufacture of butter by the Cooley and Centrifugal processes, par-» * ticnlarly the latter, which is so highly recommended in the pamphlet. He also read, and commented on, Mr Bowron's remarks on bacon. He said bacon was a rery important item in the matter of a Butter Factory, and was calculated to be a very profitable part of the concern. He instanced places with Tery poor 'and compared with this district, bat where Cheese and Butter Factories had been established, and were being carried on with great success, and were very remu*> era tire to the shareholders. He thought it a burning shame that something of the kind should not be started somewhere in this district. He then submitted the following proposed prospectus : — "Prospectus of the Makino Butter' Factory, Limited. Capital £500, in 100 shares of £5 each, which it is proposed to call up as follows — 10s per share on allotment, and the remainder in ealUof not more than 10s each, at intervals of not less than one month. It is proposed to call up one-half of the capital oalyy and to register the company as soon aa possible, or when 90 shares hat© beta applied for. The cost of starting the factory Mr Corpe estimated as follows: — Cost of creamery £50, horse gear £12, old horse harness £10. tins and utensils £8, Dntobt churn £8, building £50, cellar £25, cost of registration £20, incidentals L2oj total £203. The chairman suggested that a larger amount of capital be called up at the outset, so as not to cripple the company at the start, and necessitate too muck borrowing. Mr Humphrey thought that too high a price for the Butter at Home bad been calculated upon. Mr Llewellyn said first class, batter m London wouid fetch 2s 6d per pound. After a conversational discussion Mr Hammond moved that a Bntier Factory be started at Mnkino. He made a lengthy speech, in which he strongly ad« vocated the scheme. With Mr Corpe's permission, the chairman struck out the line re calling Up only half the oapital, and the proposition to start the company as per revised prospectus was seconded by Mr NowelL and carried unanimously. The chairman read a letter from Mr Saxon, expressing his regret at not being able to attend the meeting, strongly recommending the Makino settlers, to start a factory, wishing it success, offering to take a certain number of shares, and to forward cheque at once if required. The chairman then invited those who were willing to become shareholders to come forward and sign their names, when the greater portion of those present did so, and 43 shares, representing £215, were at once applied for, without counting Mr Saxon's and about 40 other shares were stated to be probable and partly promised. It was resolved to hold another meet" ing in the school-house on Thursday evening nest, at 7 o'clock, for the purpose of appointing a permanent directorate, and taking further steps for organising the scheme and registering the company. It was also resolved that application lists be left for signature at Mr I'enberthy's store at Makino, and at the Stab office. On the motion of Mr Fry, a cordial vote of thanks was given to Mr Corpe for the interest and energy he had displayed in endeavoring to make the affair a success, and a similar vote of thanks was accorded the chairman. The meeting then adjourned.