DAIRYING AT TURUA.

Hauraki Plains Gazette, Volume XXXIII, Issue 4461, 1 September 1922, Page 3

DAIRYING AT TURUA.

hauraki plains company. THE ANNUAL MEETING. The annual meeting of the Hauraki plains Dairy Company was lheld in the new Turua Buildings yesterday, Mr A- H. Rogers presiding. There ' was a good attendance of shareholders, including one lady. The chairman, in proposing the adoption of the report and balancesheet, said the season they had just come through had been the most strenuous one for the dairy farmers in the history of dairying. The fluctuations of the market had been very great, but while the fluctuations had been great, and some ofj the prices were low, the cost of production had not come down, There had been a slight drop in the price of fuel, bub nothing like the drop in the cost of produce. Dealing with the progress of the company, he gave details of production already given in the report published in our Wednesday’s issue. The increase had been 145 tons on a cheese basis for the yeai. It was a creditable performance, and gave them the honour ofj being the largest Individual company in the Dominion. Some had perhaps questioned the advisability of going in for a butter plant, but he felt it was quite justified, and the manufacture of the wihey butter had been worth %d per lb on the butter supply. The sale of butter on the locjil market 'had considerably helped the cheese pay-out. He said that some of the company’s whey buttfir sold on the Auckland market had realised the same price as some of; the other companies were I getting for the first grade creamery butter. There had been a total payout of 13.67 d for whey butter. The pay out for cheese had been considerably strengthened by the fact that a large amount of cheese suppliers’ produce had been manufactured into butter. The cheese suppliers had had pracDcally the same use of the butter plant as the butter suppliers. The average pay-out for tihe season had been to date 1/1 per lb for cheese. They would receive 1/2 up to date. The butter would be 1/4 to date. It would be the final payment without any reclamations. A sum of £3OO paid-up capital was to be paid out which would be about l-»8d. Taking these figures On the prices of the dairy produce at Home they compared very favourably with all and more than favourably with some other dairy factories. There may be a further payment of %d on cheese. Though they were' well into the next season there were 1,150 crates of l cheese yet to be sold. About £4OOO would be paid out altogether, and the company had- the money to do it. The rumours that the company had not the money were not correct. On the year’s workings the company had made a profit of £255 6s Id outside the butter-fat business, set off against a loss of £3BB. The liabilities to '.he k bank to day were £8,600. They were 1 paying off at a rate of £2,200 per year and during the next four or five years the debt should be fully paid off. The total assets were £14,000, and the depreciation written off was an amount of £554. Mr Robertson : What pmount of material and machinery has been scrapped ? The Chairman: A Bell pasteuriser has been scrapped because it (had not been, suitable. It cost £230, and since has been sold for £lOO. That was the only portion of the butter plant which (had been scrapped to date. Mr Hicks said it was proposed also to scr,ap a tank. That would cost £4 or £5. The chairman mentioned that the company was a shareholder in tiie N.Z. Meat Packing and Bacon Coni: pany (co-operative) Ltd., and the shareholders in this Dairy Company were entitled to supply pigs to the Bacon Company. Mr J. Kernock, in seconding the adoption of tihe report and balancesheet, thanked the directors for their business methods in connection with the company. SALE OF PRODUCE. The chairman said there had been no offers for the sale of produce for the coming season and the company would again leave the produce in the hands of Messrs Clements and Sons, from whom tihe company had had good treatment. The chairman announced that for a. few days, on and after to day, the manager intended to go into cheese making owing to alterations in the butter room. ELECTION OF DIRECTORS. The chairman said this was the first occasion they wer.e working under the new articles of association. In the ordinary course of events they would all r,etire, but now only a third of the directors would retire. The directors returning this time were Messrs R. G. MiUar and G. Gray. Mr Millar,’s services were not any longer available, but Mr Gray's services were offering. The following directors were elected : Messrs J. Kernock, and G. Gray. Mr Cutfleld, who had audited the company’s books, the cihairman said, had commented on the efficient manner in .which the books had been kept. Mr R. Cutfleld was elected auditor. INCREASING THE CAPITAL. The notice of motion “ That the capital of the company be increased to £20,000 by the 'creation of; 10,000 shares at £1 each," was carried. GENERAL BUSINESS. There was considerable discussion whether tihe articles of the company 1 should be amended so as to give one supplier one vote so that the small man would be put on the same footing as tihe big man. The matter would again be brought up at the next general meeting, when also it would be proposed that the financial year end on May 31st instead of June 30th. Mr Kernock moved a vote of thanks to the directors of the past year and thanked those present for his election to the directorate. The vote of thanks was seconded by Mr Burfoot and carried by acclamation. The chairman said provided the prices kept firm he could promise ■a better pay-out next season.

The motor service from Turua t" Pokeno recommenced running to-day under an amended time-table. Football enthusiasts will look on this week’s issue of the N.Z. Sporting and Dramatic Review as their own particular souvenir, pride of place being given to Sydney v. Auckland Universities rugby match and the first rugby test between tihe Sydney University touring team and the N.Z. Universities fifteen, exciting episodes in the matches being caught by the camera. Snapshots of the Wellington v., Taranaki match, and the N.Z. rugby reps v. the Dominion Maori team, are also features in tilnis section as well as other dub groups. The racing fraternity will find special interest in the splendid series depicting the Grand Prix de Paris at Longchamp. and the set of intimate photographs of Frank O’Neill (Europe’s leading jockey) at his home in Paris. In tihe two centre pages devoted to the wonderful dress parade at the Lpngcham and Autcil races, lad’es can secure a striking fashion pictorial that should aid them in the choice of their summer frocks. The stage and motion picture pages are featured with attractive portraits. Never Neglect a Cold A cold should never be treated lightly, as it is always more or less serious. Many people make the mistake of neglecting a cold until some serious lung trouble results. If every cold received the attention it should have the danger of this would be avoided. Every cold can be relieved by the use of Chamberlain’s Cough Remedy. A bottle or two of this remedy taken when the cold is first contracted will promptly relieve it, and not only save doctors’ bills but much