TATU.

King Country Chronicle, Volume IV, Issue 257, 7 May 1910, Page 5

TATU.

Own Correspondent. 1 A meeting of settlers interested inl dairying was held in Mr Maybee'sE residence to meet Messrs Sandison and! Denison, chairman of directors and| secretary respectively of the Ohurag Co-operative Dairy Co., Niho Niho.l Mr Geange was appoi'nted chairman,! and introduced Mr Sandison to tlieg settlers and explained that the settlers! were willing to start milking and| would like to know what terms the Co-j operative Co. were prepared to offer.| Mr Sandison explained that to make! the position clear he would have tog give the history of the first two years! of the factory. Owing to not having! the factory erected as arranged theyi had only a four-months' run x the! first season, which with the unpre-| cedented drought that year made thel season an absolute failure. Nextß season, owing to threats of actions ofg law by an opposition concern theg Settlers were unsettled and did not! supply as they might. However,! when the action at law did not| eventuate, they won,' and as a result! have had an increased supply this season, so that comparing seasons t v ey show for the first year a turnover of £ll2O and the second neason £2280. This season the turnover wi'l be about £4OOO The directors, forseeing that future suppliers would hesitate to join unless the company was on a sound basis had maintained a low rate of payment so that now they had paid off all floating liabilities, had the interest paid up to date and a working plant of horses, carts and pack-saddle paid for in. excess of the factory plant. This season they expected to also pay off a part of the principal sum owing on the factory. What the directors would offer would be: To pick up cream, say, from the junction of Waro mad with the main road and to pay suppliers the same cash payments as guarantors. This for the coming season they were confident would be 7Jd. The company would require a guarantee of a certain number of cows for one season only, as it would mean the purchase of an extra team of horses, and they would require some return for. this. Mr Rodger thought that the offer was very fair. He had come there prejudiced against the co-opera-tive company, but after the explanation by Mr Sandison, was quite satisfied. After discussing the matter Mr Geange was appointed to canvass the district to ascertain the number of cows available. In reply to a vote of thanks for his visitjlMr San Jison ingvited the settlers to send a representative to the annual meeting to see the ibooks and get any information as to 1 the working of the factory which ithey might require before supplying. |A vote of thanks to Mr Geange for ipresiding terminated the proceedings.