Ta Rau-a-moa Dairy Co., Ld.

Kawhia Settler and Raglan Advertiser, Volume IV, Issue 330, 20 September 1907, Page 2

Ta Rau-a-moa Dairy Co., Ld.

FOURTH ANNUAL MEETING On Mon’ay afternoon If .t the fourth annu'ii mijtiug of the above company wci held at Tn Rau-a-mos, when about a dozm ahareboldera attended, Mr L Wiley, cliuirmtn of directors, presiding. Tho minutes of hat mee'ing were rend and confirmed. Tho aecre! iry (Mr J. A. Ormsby) raid the balance she st and the follow'"n nrt I—- “ In presenting their Fourth Annual Rep ,rt your Directors have great pl-asnre in reporting a sneoessfe’ season. The factory opened on the 7th October last and closed on tho 30lh April, 1907. During that period 6?f1,8751b5. of milk were purchased from suppliers, producing 22,5081b3, of butter fat, valued at £612 4s lOd, which produced 24 Rs4lbs. of butter, valued at £1133 9s 4d. Butter milk realised £2 10b and timber cutting £7 15a, showing a gross profit of .£531 9s 6d. The general expenses were £167 >osM. and th® working expenses £266 58 lid, thus showing a nett gain on transactions of £97 8e 4d. Tnis your Directors have allowed 'to go towards reducing tho Company's liabilities. The suooes« of the past season cle..*ly damonat—tee the fact that if the supply that was promised whan the company started operations had b.en forthcoming the i moern ‘wov’d have been suooessiul from the oommenc ment. As it was the burden imposed on the supplying shareholders was considerable, on account of the failure of some of the shareholders to assist, and consequently the low supply of milk Your Directors take this opportunity of returning thanks to those shareholders who have manfully stood to their posts, and to all settlers -who have rendered assistance, as if it were not for their perseverance and c urage the milking inuuetry in this district would have been nipped in the bud, and yonr Directors venture to say that the failure of the company would have been followed with disastrous results, not only to its members, but to the whole district. Thi price paid for butter fat was higher than previous seasons, and your Directors urge upon all interciited in the industry ti e need for renewed energy, as by united action aud inci lasing the supply, you wil 1 be raising the price of butter fat accordingly. In conclusion your direotors again tender their thanks, and trust that now the factory is on a good basis ore shares will be taken up, thereby ans> ng greater success, L. W .ur, Chai, aan,”

Mr Dongl: 3 remarked that t 3 tho bale ice sheet was veiy eatist- jtory be would move tLat it be looted. Seconded by Mr Judd and carrii i. ny jEK curngß. Mr Honoresaid that the iMuru per cow ihatwfs Lsing received w; a not satisfactory. He would suggest that the company go in for saw milling in the slack se eorr, so that the utnro Io shareholders would I 3 gre at er, and moved “That tho incoming direotorj t? esked to gC into this matter, with the object of seeing if it would pay to put in trams, tap the bash, and sell the timber.”

Mr Randall i aid that it w> i a good idea, and he would be pleased to plat 3 el| the timl 3f in h«s bush at t v e com- [ .ny’a diepc.al,-f #e of royalty. The chairman said that the sawmill would pay well.’ The rt ‘ ion that a better price w« a not L eing paid Wf a on account of the small supply. When the factoi y starts 1 750 gallons were promised, but the supply never reached more than 350. After fur.her bilef discussion, the re joint ion w.s seconded by Mr Randall and < itried. THS i’K’CE OF BUTTER EAT. Mr Laskey asked what, price vias likely to be paid for batter fat next year. The chait man replied that he thought. 6d would be the price. Mr Randall : We owe Waugh and Josephson a sum which is now dae. I would suggest paying off half this year, and distributing the balance (£5O) amongst the shareholders, vrbich would mean that 7d would be paid. The matter was left in the hands of the directors to arrange. CARIINO THE BUTTER. Mr Aubin, who was present, said that it had recently come to Mr Jonathan’s knowledge that the company had decided to send their batter this season via Te Awamutu, which had been found to be the cheaper route. Mr Jonathan had communicated with the Northern S.S. Go. on the matter, pointing out that if the batter was shipped the goods for Te Ran-a-moa would also come by sea. The reply had been received by wire, which was that the company would reduce the freight from 9d to 7d per box. Mr Pettit also stated that be had put the same matter before the company’s officials. Ha would be very pleased to see the batter' ering shipped at Kawhia. The Chairman said that the directors would go carefully into tho question. If the cost was equal the butter would be sent to {Kawhia. Tho Te Rau-a-moa people recognised that the Kawhia Harbour was their outlet and if the roads were in good order everything woald be done that way. On the tnotion of Messrs Douglas and Judd a hearty vote of thanks was accorded Mi-iflrs Jonathan, Pettit and Aubin for the interest they had taken in this matter. GKNERAL. Mr J. K. Now ton re-appoiutod auditor. The directors nominated were— Messrs Don fits, Judd, VV. Parkinson, Bbaw, (retiring) and Honore, and on a L J lot biiag taken the retiring directors were rc elect id.