KOKATAHI DAIRY FACTORY

Hokitika Guardian, 7 September 1928, Page 1

KOKATAHI DAIRY FACTORY

ANNUAL MEETING OF SHAREHOLDERS.

Tile annual meeting of the Kokatahi C-o-o-p. Daily Co. Ltd., was held in the Kokatahi Public Hall on Thursday, 6th September, and was very largely attended by the shareholders. ;Mr J. Fleming presided. After tlie minutes of the previous annual meeting were rend and confirmed, tho Secretary then read tlie report and balance sheet, which showed the Company to be in a healthy position. Tlie Chairman in moving the adoption of the report and balance sheet, congratulated the Company on just passing through such a very success-

ful season He said the Directors made very excellent sales of their butter obtaining practically the highest price paid for export butter in New Zealand, which enabled the Company to pay its suppliers the handsome average payment of 18d per lb. butterfat (and for the finest cream supplied which averaged 94.24 per.cent, the price averaged 18.16 d per 111. for the season which showed that tlio suppliers were doing their share to help the staff to manufacture a. super-fine article) and the Company was that day paying the final payment amounting to £3550. He said the working of the factory had been run very economical as the balance sheet showed the cost of manufacture to he only IJd pier pound of butter fat. It also showed that the cartage of cream to the factory, coal and butter to and from Hokitika, cost a small fraction over a }d per lb. of butter fat.

Mr Fleming congratulated the Manager, Mr J. A. McOullum on winning the Dairy Produce Beard’s silver cup for most improved grade for 1927 and 1928 season and trusted the suppliers would this season do their utmost to have that honour again conferred upon the Kokatahi Dairy Company, as he was sure that the manager would not he found wanting in his duty in that respect, as this year just passed his first consignment of butter graded 93 points, and finishing with an average grade of over points for the season just ended. The Chairman said that the directors in appreciating Mr McCollum's services had that day made a substantial increase in his wages. The chairman also pointed oat a mistake in the amount of exported butter. Where it should have read 148,288 instead of 245,3181 bs. of butter. He said that the company had for the past few years kept the factory running the whole year including the winter months and at the present time is making double the amount of butter as in the corresponding month of last season, and also expects a very large increase for the coming season, which again speaks well for the prospects of the Kokatahi Co-operative Dairy Company.

Alter several suppliers had spoken and congratulated the directors on producing such a splendid balance sheet, the report and balance sheet were adopted. The election of three retiring directors was proceeded with, and it was moved by H. Monk and seconded by (I. Spence that the retiring directors, J. Fleming. S. Havili and T. P. O’Neill be re-elected for the ensuing year. The motion as put and carried unanimously. Mr James Morris for also re-olected as auditor. A very successful annual meeting concluded with a vote of thanks to the chairman. At a meeting of Directors following, Mr Jas Fleming was re-eleeted chairman of directors and Mr .T. Monk was reelected treasurer.