KAIPARA CO-OPERATIVE DAIRY FACTORY CO. LTD-

Kaipara and Waitemata Echo, 29 July 1915, Page 3

KAIPARA CO-OPERATIVE DAIRY FACTORY CO. LTD-

FOURTH ANNUAL MEETING

The fourth annual meeting of the Kaipara Co-operative Dairy Factory Company, Ltd., was held in the Star Theatre, Helens ville, on Wednesday, the 21st inst. PRESENT The following directors were present: Messrs C. Thomson (chairman), E. Andrews, Joel Grant, G. Glover, J. H. Hudson, James McLeod, George Ogle, James Ross, and S. H. Sidwell. There was a fair attendance of shareholders, some 35 being present. CHAIRMAN'S REPORT Your Directors have pleasure in presenting herewith the Fourth Annual Report and Balance Sheet, and congratulate shareholders on the result of the season*s operations. After wetting off the sum of £464 for depreciation, i-sth cost of formation of company; £20, also l-sth cost of bore, £5 17s ; Hth. off buttermilk tanks, £2 10s ; l-sth off coal tram, £1 2s ; total balance wharf haulage, £14 10s, there remains a nett profit of £5,952 10s 4d, which together with the amount brought forward from the previous year, £262 16s 6d, makes a total of £6215 6s lOd to the credit of Profit and Loss account. From this your directors recommend that further pay ment be made on supplies, as follows: 2^d per pound of butteifat supplied for the period of September, 191'4, to March, 1915 (shipping season), absorbing the sum of £5949 14s lOd ; also that a 5 per cent dividend be paid on paid-up capital to 31st May, 1914. which would be £78 17s 7d; and that the balance of £116 4s Bd, be carried forward to next year's Profit and Loss account.

The quantity of butter made was 334 tons llcwt 341bs, which is an increase on the previous year of 45 tons llcwt 1081bs. The price advanced for butter-fat during the shipping season was 10^d, and with a bonus of 2V£d, would bring the amount to Is Id. The retiring directors are Messrs C. Thomson, J. H. Hudson, and J. C. Rimmer, who are eligible } and offer themselves for reelectirn. It will be necessary to appoint an auditor, and fix his remuneration ; Mr Henry White | Jnr., again offers himself for re-election. C. Thomson, Chairman. j I REPORT AND BALANCE SHEE T j ADOPTED | The Chairman, in presenting the balance sheet, said he was pleased to be able to announce a good bonus, and, in reply to a question, said that a considerable amount of butter was sold locally. The Chairman then moved that the report and balance sheet be adopted. This motion was seconded by Mr Hudson and carried. MINUTES i The Secretary read the minutes j of the last annual meeting, ! which were confirmed as printed j and circulated. GENERAL Mr N. W. Rimmer wished to know why the cost of the market-. ing and making of the butter was so large. Mr Hudson explained that there had been an advance of two-tenths of a penny; this had been caused by an increase in the salaries of the staff, and the increased cost of fuel; but considering the anxious time we have had since the beginning of the war, they had come out very fairly.

The Chairman said that fourtenths of the butter manufactured had been sold in New Zealand, and a considerable amount locally.

In reply to a question asked by Mr Eimmer as to why brass labels were put on the cans, Mr Hudson said the Railway Department complained, that in many cases the addresses were not legible, and as the labels could be done locally it was considered- the cheapest way.

Another shareholder wanted to know why the cream could not be conveyed in bulk. Mr Hudson explained that the railway regulations required, each individual to pay freight, but that a deputation was appointed to see the Minister for Agriculture re this matter, and the speaker thought they would soon get the desired alteration. Mr Green wished to know how much second-grade butter was made. The Chairman replied that a very small quantity was made, but the Manager not being then present he could not give the actual amount.

Mr Hudson said the amount deducted for the year was the sum of 8d for second-class cream. Mr Jas. McLeod said that

every person who supplied second-grade cream was paid per 1b less.

At this stage Mr Garry (the manager) arrived, and explained that he could not answer the question from memory, but that Mr Stringer (the secretary) would supply the necessary information.

The Chairman remarked that the grading of the cream had risen since the instructor had been round, but on account of the bad season the grading of the butter had not risen.

It was decided to report on future balance sheets the cost of second-grade cream for the year.

The retiring directors, Messrs^ C. Thomson, Hudson'and Rimmer were re-elected for the ensuingthree years. Mr H. White was re-elected auditor.

Mr McKenzie s notice of motion that the director's receive 10s a day and all expenses whilst on the Company's busines, was carried

Mr Hudson informed the meeting that he attended a conference re space for freezing. Shipping was. shorter than last year, and they had not sufficient space for freezing. A committee was set up of men from dairy factories all over the province, including the speaker. A meeting was held on the 14th June to meet the Chairman of the Freezing Works and an agreement was entered into by which the companies had to take up shares to the amount of £1500 in order to obtain space, the Freezing Company to store 100,000 boxes of butter. The companies making cheese were to take up more shares than those making butter.

Mr Jas. McLeod spoke at some length as to the reason for want of space, attributing it to the Hellaby Company having a monopoly of the freezing works. Mr McLeod also said that thanks were due to Mr Cuddy for his efforts on behalf of home separation, there being a number of influential people against it. The number of shares this company would have to take up in the Freezing Works would be 350.

Mr Rimmer wanted to know if the Company would go in for manures.

The Chairman said there was an arrangement for furnishing it to suppliers, but when the war started it had to be abandoned.

Mr Valentine said he did approve of second-grade cream be" ing shown on the balance sheet; it should be brought before the meeting, but in the former case it was giving too much away to the public.

In speaking of butter, Mr Valentine said 89 butter would not be paid same price as 92 grade, All suppliers should take every care, and the aim of every factory manager was to get a high grade. If a high grade was not kept up they would want to get somebody else.

A shareholder wished to know if the KLaipara Dairy Factory compared with other factories.

Mr Valentine said it was not his place "to give away the business of other factories. The grade last year was not as good as the previous year, owing to the dry season, and he could not choose between Helensville and some others.

In reply to a question, Mr Valentine said the flavour of butter from the flats was stronger than that produced from feed grown on higher lands, because the feed was short, hard and drier. Mr McKenzie moved a hearty vote of thanks to the chairman directors, which was carried enthusiastically.

The Chairman suitably replied, and proposed a vote of thanks to manager and staff.

Mr Garry, replying, said he was going to be more strict this year than last re the grading of the butter.

Mr Hudson, in proposing a vote of thanks to the late secretary, said that much of the success of the factory was due to Mr C. White, who, he felt sure, would do much credit to himself at the front; also to Mr White senr., in backing up his son.