New Zealand Farmer's Dairy Union, Limited,

Manawatu Herald, 11 January 1896, Page 3

New Zealand Farmer's Dairy Union, Limited,

The adjourned annual meeting of the above was hald at the Chamber of Commerce, Wellington, on Tuesday. Among those present were Messrs B. Brown, Chairman of Directors, Udy, and Parsons, Wairarapa; A. Farmer, R. Matheson, Kairanga; F. Boyes, Rangitikei Line; H. Bryant;, Stoney Creek; D. Matheaon, J. Dixon, P. Scheldt, Bonnythorpe; T. Sinclair, Pohang* ma; J. Brown, Ashurt; D. Nathan, and several others. The'balance-Bheefc, as follows, was taken as read :— Statement of liabilities and assets at SOth June, 1895. Liabilities,

Assets. Plant, Buildings, and

£29,007 *Thiß sum includes a loss which, it has since been ascertained, should have been provided for in the previous year's balance sheet. The motion for the adopMon of the balance-sheet was seconded by Mr Udy and carried. Mr Wilberfoas was appointed Auditor the salary being fixed at £10. It was resolved that the remun era tion for the directors be one pound per day and expenses out of pocket. It was proposal by the Chairman, seconded by Mr Dixon—•• That the deficiency of £4028 15s 8d be made good by a reclamation on all suppliers to the Union of season 1894-5 such reclamation to be calculated and made on milk supplied during the months of November to May of the past season. The payments to be spread over two seasons for those who are now suppliers, but in thp case of those who have discontinued the reclamation to be now due and payable." The resolution was carried without opposition' This concluded the business of the adjourned annual meeting.

£. c. a. Total capital paid up, less calls outstanding, £1800 103 8800 10 0 Bank Australasia ... 2485 4 4 Mortgages, Butter Ad» vances, and Sundry Creditors ... ... 22150 8 8 Bills Payable 856 5 6 Directors' Fee Due ... 256 11 0 Accrued Bates 40 211 Jane Milk Accounts ... 878 17 1 Accrued Salaries, and Creamery Managers' Suspense Accounts 94 19 6 ,£29,00714 0

Properties ...18.000 0 0 Stock at Palmerston N. 139 11 5 „ Wellington... 6071 7 7 Book Debt 67 19 4 Office Furniture „.- 10 0 0 Petty Cash in hand ... 40 0 0 Preliminary Expenses . count 650 0 0 "Balance 4028 15 8 £29,007 14 0