LIVELY DAIRY BY COMPANY MEETING.

Otaki Mail, 21 August 1922, Page 4

LIVELY DAIRY BY COMPANY MEETING.

_«_ KEBUI/F l'nu DIRIiCTOJiiS. i'he annual meeting oi the Kai ranga Daily Company at I'ahtiersion on Friday was the occasion vL sumo lively passages. Foul ul the old directors, some oi the best known daily I company authocilies in llic Munawulu, were defeated m the election. 1 lie company made .556 tons oi cheese and i?-i tons oi butter iasi year. Tiie average price realised was T.iSod pt'j IP lur cheese 1.0. b. WeUiliytun, and 1 -.:; per lb lor butter. The paymeiil made io suppliers was l,»'.'ii pei ll> mj iidtieiial-, and a further puyI mem. oi ;d was proposed on iat mr | cheese. (he store trading account, j su.«ved a piulil ul C76'», bin Hie larm i lii criticising the year's operations, .Mi Ivylc saiu that tiie yreatesi bugbear shareholders bad bad to light ituriny the year* was the consigning proclivities ui tiie directors, Fuel bad gone up ii per cent—an increase much greater than was Justified. j tommg to the lanu working uceouiK, I fit*; speaker said it would pay Hie directors to let me [arm lor nothing. •■j unprofitable had it proved. Uiher speakers .wanted to Know wh\ lhe ■ utnpatiy had been able to pay only l;i when neighbouring lactones bad been paid i,j and others as mucii as -'-.!-, The chairman (.Mr A. Laneastei said rliai a deterred payment oi a I further id would probably be paid

i suppliers. j ine election of directors, to till the .vacancies in the directorate caused i>\ tne retirement in rotation oi .Messrs. Lancaster, small, U. Collis ami I). I'rouse, resulted in the appointj mem ol [be loTiowing: Messrs. A. Syi < erse, 15, 11. Smith, D. Buick and I'. 0. I .Milduu. A motion by Mi Turner, seconded b\ Mr lloskms, Hull a vole ol £IOO be passed as honorarium to the direcioiate. in addition to Utiu combined expenses, moved while tiie counting j <i [lie votes was in progress. provoK- ■ ed bee,, opiiosition, and an amend-j meiii was moved that Lhe sum of .O) ■ '■•■• ■•■ Ii"!' -u die ten directors. On bej ine pin to Hie meeting. Hie auiend:mi ii ■■•,!.- can ied by :ji voles lo 10. Mi Jerusalem remarked that n thai Iv. as all ihey considered tiie services direc iors wen.' worth, he, tor l

■ .-he. would refuse lo accept, [lie uionev 'i'iie ..•hairniau said that he, for one was no: sorry ilia;, they had relieve. bun ol the position, but he wont. "tiiiiiut to support the company n <:very way possible. ( "ie oi ihe directors who did n>>l retire (Mr I>. Buchanan; jumped h: hi- lee! and declared Ihal he would resign at once, as "he was through" alter ihe way ihe retiring directors bad been treated. In tiie confusion of voices, exciied speakers declared that the new direcbus would not last a. monlli and pro-l>lie.-it''d an early re-election. To kick ah ''"ui out., men who had stood by Hie company to tiie extent "l their per-onai guarantee in lair weather ami foul, was |,oili ungracious and unvs tin meeting broke up one dm ;,, i' '««- hired loudly: "Ye., this has a' '■een u mied up. They've been liollm- meetings |,.>r weeks." i he dile.b.rs. with !hc exrejitii.n r.j le- iiairman. who reiained his smil- ■ ''■:'' ime iti vacating their otTk ial -eats on .- plnlforui. and a vote oi thanks "i"r the directors' splendid services in the |kW concluded (fie meeting, ivhicb was then continued nnotTieialiy ■n lhe sidewalk.