ARAHURA DAIRY FACTORY COY.

Hokitika Guardian, 21 September 1925, Page 1

ARAHURA DAIRY FACTORY COY.

The twentieth annual meet ins oi shareholder- was held in the County Chum hers on Saturday afternoon at 2.1 A o'clock. Mr I!. Word (Chairman of Directors) presided over a small attendance. of members. The minutes of the last mutual meeting wore ooiiiirmed. AXXCAL REPORT. In preseuline; llie Twentieth Annual Statement the Directors coiinr.it ulute the Shareholders on unoiher .successful year, and on the roll Ii n lied strong linaneial po-iiion of the Company. The amount of cream received was -l 1 7,!Kii ilhs, producing lAI gil "I h- of hut>.cr-fat. out of which was manufactured lS!l..’Jl)Slhs hut ter ft) nvt.l The average test for the cream supplied was 80.20. and the overrun 19.22 per cent. The payment for butter fat during the -eascu averaged 17.00 pence per lh and (uusidcmig the llitct uat ions mid uncertainties of the market during the period, tin- must he considered as <|itite a siiei-e.-sftil result of tile sea-on'- operations. The Directors reI'lunmcud the u-tm 1 dividend of (i per cent, to he paid to the shareholders. The Manager (Mr Wallace) is to he cnilgrul ulated mi the line quality ot the butter lie has turned out, and us evidence of this there ha- not lieeii a single complaint of the Ims ter sold locally. The Directors retiring by rotation are: linn. 11. L. Mirliel. Messrs J. J. AliTnlosh and .1. Ilavill. all ol whom arc eligible lor re-elect ion. a- i- also the Auditor. Mr l(. Wild. Tlu> Chairman < ongrat ul.aied niciiihers on the excellent results of the past sea.-on. The while position ol the Company was very satisfactory from

every point of view. Their Manager (.Mr Wallace) had given every satisfaction. doing splendid service. lie was chill to know that now after rhe ups and downs nf the past twenty years they had a reserve fund of £O2O. Ivvery credit was due to all concerned Their secretary (Mr King’) was a painstaking otlieer who deserved their hearty .support ami approval. His work as Chairman had been lighteuoii considerably hy thu-e services. He moved the adoption ol the report and balance sheet. Seconded by Mr Billiards and carried. lion. 11. L. .Michel, Messrs 11. doneanil .1. Ilavill were eleeled director:-. Mr .1. .1. Mclntii-li signifying his desire not to ho re-elected. Mr It. Wild wMs re-elected Auditor. The meeting then terminated.

At a subsequent meeting ef Director-. Mr Bernard Ward was rc-clectct Chairman of Directors lor the tin'll-