WESTLAND COOL STORAGE & DAIRY COY LTD.

Hokitika Guardian, 21 October 1924, Page 4

WESTLAND COOL STORAGE & DAIRY COY LTD.

FIRST- ANNUAL MEETING.

The first annual mooting of the above Company was held tit the Company’s office at the Factory, Weld Sti, yesterday at 11.30 o’clock. Mr Mi A. Jamieson (Chairman of Directors) occupied the chair and eleven (shareholders were present. The minutes of the previous annual nicotine were confirmed. The report and balance sheet were received. Tile profit and loss account disclosed a credit balance of £ll 7s lid. The Chairman and .Mr Parry (Managing Director) gave detailed information in respect to various items, and particulars of the (activities of tlia Company in its business operations. The ( bail inan in proposing the adoption of the balance sheet said lie could congratulate the shareholders oil the year’s work. They were late ill beginning the season, but had recorded a good output and had paid the highest price for butter fat. Not only that but their competition bad done good for the farmers, as other factories had been induced, to offer higher prices,

which had been a. benefit fob the farmers as a whole. The market conditions were not the best when they started, but still the Company bail done well, paying out to their suppliers upwards of £12,000 for the season. In r Parry, their Manager, they had a man of many parts. He had built a factory oi|ual to anything ill New Zealand, and he was capable also of running the factory successfully. Personally he looked forward to a good season. The indications already were that it would be much better than previously. He felt constrained to say that it was to the interest of the farmers to support the central factory both as shareholders and suppliers as the source from which they must incvtablv enjoy the greatest return in Lite long tun. Mr R. A. llar.nurt seconded the motion, which was supported by Mr J. J. Mclntosh and Mr C. J. Nightingale. all of whom endorsed the Chairman’s remarks. The motion was carried. Mr Moynihan asked if it would not lie possible to have three tests a month, instead of two. The Chairman replied that it was intended to have four tests a month one every week. Hut fur the tact that the staff had been over busy of late, that system would have been introduced before.

Mr Parry intimated that testing entailed a lot of work, and lie gave an interesting explanation on the scientific side of testing. IL* stated it would lie in the interests of the Company to have the weekly tests, and that would have been done, but tor tbe pressure of other work up to the present.

The Chairman said it bail been arranged that the employees could take up shares in tbe Company—-which would be in the interests of all concerned. Mr Mclntosh said he considered the Company was in the best interests ot the farmers of the district generally. Mr I'arry said the farmers should take up move shares. The operations of the O .mpany had resulted, and would continue to result, in the advantage to the fanning community. Higher prices would prevail for luitterlat higher than otherwise with the central factory opciating. They were now paying Is 7d. In September their output bad been 5 tons. Ibis month il would reach probably IS tons. Their butter was grading 911 from the eommeiieemeni of the season, and was in good demand on the Coast, in Christchurch anil for overseas. There was no

(lidicutly in securing a market. Their other products were also a source of satisfactory income, and were increasing in Value weekly. They could look forward with confidence to a steady ;-i""lh in Ibeii I rude DI-KIT Toll A I K.

Air 11. T. Many was roap|Niintci .Managing Director. The following gentlemen were ele.e te:l Directors: - Alessrs At. .V. Jamieson. 11. A. Hanourt, If. IT. Afoul; J. .T. Mclntosh. J. .1! Douglas. I). J Evans. Jas. Davidson, Ci'v.il Author maim, and Af. Alovnihan. Tt Was decided three diievtors retire annua.lly. Afr If. ,T. Appleton was re-oleetec Auditor of the Company.

Air .Evans proposed a vote of thank: to the stall’, expressing appreeiatiol of their attention to the interests o the Compny. Air Alclutosh seconded Air Marry acknowledged the vote. Air W. A. Jamieson, before the meet ing closed, took occasion to thank tin shareholders for their renewed confict enco in reappointing the directors win

had again olferecl themselves, lie was glad the Company had adopted universal carriage of suppliers’ cream, as it put all bn the some footing however remote they might he from the factory, rendering all equal and receiving the same price. Their sale of hotter had

been very satisfactory and the orders now in augured well for the iiituro. The Company had a special testing room and lie advocated the settlers having their cows tested. In some instances he believed settlers were losing 50% through retaining robber cows in their herds. They should feed to the best advantage. By top-dressing their land the feed would improve. They should use more lime. It was readily pmciirahle in the district now, and manures could he purchased from Christchurch. By attending to these matters, the produce of the district would he increased greatly.

At the close of the shareholders’ meeting, the directors met, when Afr \V. A. Jamieson was re-elected Chairmil of Directors. The suppliers’ cheques for the month of September were passed for payment, and a quantity of pontine ibusiness transacted. It was resolved to notify that sweet, cream and i<e were now procurable daily at the factory. It was reported the West-land brand of butter was very popular everywhere, and there was a large consumpton. The quality was generally appreciated.