SHANNON CO-OP. DAIRY CO.

Manawatu Herald, Volume LI, Issue 4495, 23 August 1930, Page 3

SHANNON CO-OP. DAIRY CO.

ANNUAL MEETING. The animal meeting of shareholders of the Shannon Co-op. Dairy Co., Ltd.j was held on Wednesday, Mr. B. W. Taylor presiding oyer an attendance of thirty-five shareholders. An apology for absence was received from Mr. W. E. Barber, who had been called to Wellington. UEPORT AND BALANCE-SHEET. In moving the adoption of the report and balance-sheet, Mi'. Stiles said that lie thought the shareholders generally, were satisfied. He said that it had been a good year, particularly the payout. Members who had followed the reports of meetings of other factories would have noticed that they had beaten all the records of other factories within cooee, their pay-out exceeding them by id to Id per lb. for but-ter-fat, or an average of 2-5-th of a penny, which spread over 1000 tons of butter represented a sum of close on £2500, that they had received above other factories. He felt quiie sure the share-holders present would endorse his'statement that they had had a good year. It had been a difficult year, but by selling early in the season he was pleased to know they had done the right thing. The coining season was going to be more difficult to judge the market. They had received offers of 1/2 and 1/3, but it was hard to know if they would be wise to accept these prices, w hen they might jump up to 1/6. However, he felt sure the directors would givev the question their best thought. Mr. G. Barber said that as a supplier lie wished to compliment the directors on the report and bal-ance-sheet. There was no item any supplier could take exception to. They deserved every credit for what they had clone. Some of the factories in the north had sold and made a good pay-out, but taken on the whole the Shannon factory still retained pride of place. He would also like to congratulate them on the new factory building, which was a credit In' them and the suppliers. The chairman said that it had been a year of hard work, both for the suppliers and staffThe report and balance-sheet were then adopted without further comment.

ELECTION OF TWO DIRECTORS. There being no—other nominations for the directorate, the two retiring directors, Messrs R. Waring Taylor and W. E. Barber were reappointed. Henry Kembe'r and Son, Wellington, were re-elected auditors at a remuneration of £75 per year. REMOVAL OE DUTIES ON STOiCK FOODS.

The following resolution w T as presented to the meeting for their ap-

proval :■ — "That this annual meeting of suppliers of the Shannon Co-op. Dairy Co., Ltd., express our great disappointment at the apparent apathy of the Government to the request made by the National Dairy Conference that all duties on grains and concentrated foods required for stock foods be removed, and that this meeting forward a copy of the resolution to the Prime Minister, urging reconsideration of the request for a remission of duties as asked, especially in view of the grave crisis the dairy industry is facing, and the fact that farmers are greatly handicapped in competing in the world’s markets under the present duties.”

Mr. G. Barber said that the time had come when farmers needed a certain amount of protection. At present prices are so high on imported stock foods that there was no margin between cost of fattening- stock and what a farmer gets Lor them. Every dairy company should help to force this matter whenever they could. He hoped that- the meeting would express its approbation of the resolution. Mr. Stiles pointed out that at the National Dairy Association’s conference a vote had been taken on this question when 830 voted in favour and one against, the latter coining from Gisborne where maize was grown, On a vote being taken the resolution was carried unanimously. VOTES OF THANKS.

•Tlie chairman, in moving a hearty vote of thanks to the stall's of the factory and store, said that if they ’ ever deserved the -shareholders’ thanks they did this year; pointing out that the factory staff had rendered good work during the transference to the new facory. Mr. Tippler seconded the motion, stating that the staff had done well, pointing out that the manager (Mr 1 . Aim) had worked day and night, during the removal to the new factory. v The motion was carried hy acclamation. Mr. Aim in returning thanlks on behalf of the staff"; said they all endeavoured to do their best. They now had a good building and plant and the staff would endeavour to make it. a credit to the company, as the district deserved it.' The company now had a big financial burden and they wanted the full support of the suppliers in every way. They wanted all their hutterfat. In moving a vote of thanks to the directors, Mu’. VV, Jewell said that a review of the past year’s working showed that the grade throughout the year had been finest. Another most important feature of their work was the splendid arrangements made for the disposal of the output. Other factories had the same opportunities and facilities, but many did not avail themselves of them. As regards payout they were in the first two highest every year and it gave great satisfaction to the shareholders to, know

that they had men who felt the tone of the market before selling They had every reason to thank them and at the mover’s request the motion was carried by acclamation.

DAIRY FARMERS’ JOURNAL. At the conclusion of the business Mr. Madden, who is organising a. proposal to commence the publication of an official organ of the Manawatu and West Coast Dairy Association, addressed the meeting as to why suppliers should suppart- the publication. He instanced the "N.Z. Pig Breeder and Pork Producer,” which he represented, stating it had been suggested that the co-operative dairy interests of Manawatu could have a • similar journal to represent their Association and the affiliated factories. The proposal had the heai’ty support of the Association and throughout that organisation it would be under the control of the cooperative farmers in the district. He read favourable opinions from Professors.MeLinden and Williams, of Massey College. The journal would be published monthly and would cost each subscriber through the factory 4/3 per annum. He had visited all the co-operative factories in the district and directors had promised support. After the speaker had answered a ■number of questions, the meeting decided that ihe company become a subscriber for one year to the proposed journal.