ARAHURA DAIRY FACTORY COY.

Hokitika Guardian, 8 October 1923, Page 4

ARAHURA DAIRY FACTORY COY.

ANX FAR .MEETING. Tie iinnmd ne ot leg ol slmt ehol.lei ot the A tabu 1 a I )ai > y I’m I cry (.v.. Ltd., was held at tho (.oi.intv ( hnmber* Hokitika, on at A.All p.m. 'f here wme ]>!'i -cut Mr !■. V.'a rd i( hatrni.in "I Dir. i-turs) cud i.-n .dm •- laddess. 'flic mill tiles of the la-1 amnia! meeting were read and eolllinned. ANNEAL REPORT. In presenting the Eighteenth Aunu.-d st.iteinem tlie Di reel oi's congratulate .he sliarel.nl. lei's anotl.et s urn vid lea;. The amount of i.'iv;i!ii received .ai- ;l-H .| I 1 lbs. out of w Inch was muiufae.ured 1 dO,BBI Ihs liutter (71 oils 7ewt), an in.-rea-e ot 1 ten I hew t m previous year. The average te-1 I'm

the m, am -Uj.nlie I was :t!am! th (•vm-riin lA.i'il. Th>‘ atm uni paid for butter tat during tlie -ea-mt totalled mu-i be considered very su lis I artery til the lace m' !! : , ■ -m ion ■■ niioxp, etod drop ill price-. Tlie Director- j, inmnl tlie Usual dividend of it per emit t!R I'Js h'd. We v. i-h to <>lll pl i llu-1 1 ! the .Manager. Air AI. il. AVallm-e, mi the manner in which lie hit- carried out his dulie-, ami the excellent quality of the butler lie lias mauufaetiired. The Directors retiring by rotation are: Mcs-rs .1. AfcGiiigau, C. Kerry. and ). Ermilov, all of whom are eligible for re-eleet ion, as is also i lie .Auditor. Air W. I lon-ton. The ( bailmail -aid I lie ligiiiv- of the

| report were brief but very satisfactory. I.a-i year they had a record output, lie hoped they would continue to in- . crease in output until ii reached 100 totm. Recent additions to the factory | would enable up to lOl) toils to he , easily handled. 'I hey had reason to j. he sati-lied with the payments made , for butter fat of Is op! per Ih. They . were also declaring a dividend of fi per ( cent. During the p.'ist Is to l!) year; j Gnec the inception il was plea-dug to ( know the shareholders were receiving .

a fair return. Their manager, .Mr A'ldhu-e, was taking a very keen interest of the Company, and waseagm to show even better results than last year. Everything was going satisfactorily at the laetnry. lie would like to stress j hat they were not existing a.s a competitor with tniv other company. They were not seeking to lake I roll) any oilier Company i la- supplies that they require for tlieir working. 1 hey were pleased to welcome all oilier dairy companies, and they wished them all xinvess. hut they would still •"ok after their own affairs. The position of the Company was quite satisfactory. the iuture wa- bright, and the proqv.q: Were good. He moved the adoption ~! the report and balance sheet. --Seconded by Mr D. Bradley. Air Perry said the Factory had pro-gros-oti lim rapidly, hilt steadily all "b time, and he congratulated the -hareholdm-s that had Continued lot

■ at n-],,! the V, ml; ~f tile factory. Wiih I regard to the prospects the Company he ielt its future was assured, they had obtained good priie.s for tlieir product .. lie thought the Arahura \ alley was capable of itself jo increase tlie oniput itj> to 100 tons. It must be ■ very satisfactory to all oottcenied at ■ the success achieved by the Company. The motion was agreed to. The three retiring directors, Messrs J. McGuigan, G. Perry and J. Bradley and the auditor, .Mr Houston, were reappointed, on the motion of the Chairman, seconded by Mr R. Bradley. file Chaiman said he wished to acknowledge the excellent services rendered by Mr King, their Secretary He takes n very keen interest in the "''•'l ia re of the Company. He moved that a very special vote of thanks bs recorded to Mr King for his services as secretary.—Seconded hv .Mr J Bradley and carried. Mr King briefly acknowledged the vote. The meeting terminated. At a meeting of Directors held following the annual meeting. Mr Bernard Ward was unanimously re-elected . Chairman of Directors. , It was decided to pay out L, 8d per { lb on butter fat for September.