MANAWATU CO-OPERATIVE DAIRY COMPANY.

Otaki Mail, 31 August 1923, Page 3

MANAWATU CO-OPERATIVE DAIRY COMPANY.

A SATISFACTOEY BEPOBT. Ike annual meeting of shareholders oi the Manakau Co-operative Dairy Co., Ltd., ■ ;is held at the factory office on Wednesday last, the 2Htli iiist. A representative gathering oi the shareholders was in attendance and the inciting was presided over by the chairman.'" iff. Cecil Dimock. After eonfirmatiwi of the previous year's meeting- and two special - me'etiag; held daring the your, tho chairman moved the adoption oi the report and balance s.ieet, which on the motion of Messrs M. F. Miles and A. Eaglo -vere taken as read. Air. Burnell secou'..e;l. Mr. Diniock addressed the meeting oath 6 salient points of the company s position, showing that by comparison with othei companies of equal turnover., Manakau's working expenses were so much lower as to deserve some com- , meat: thi« reflected great peJit on trie | new malinger, Mr. T. D. Bathgate, who . though talcing over the plant m a somewhat unsatisfactory condition, had! managed to cut down expenses and also j turn out superfine butter and cheese. | SujrffcafchaU experienced seme alarm j iU»V- iiWessury l . expenditure on addi-| tions to plant ami buildings, but the ' chairman, demonstrated that this ex-; pwise had been met out of reserve ac-. count and bin' affected the year la ! ht "pav out" iiv* penny. In view Ol Imthe fact that'fie suppliers had already received their bonus and had averaged 3/8 for the season, while the bank bal-1 auce was still on the right side, a spirit of appreciation and goodwill pervaded in,, meeting, and any who "came "to condemn remained to "congratulate."' So satisfied were the suppliers that ho new nominations for the office of Director were received, and the chairman declared tl* two retiring Direetors, Me-srs F. L. Burnell and Ohas. Richard, duly re-elected. Both these gentlemen returned thanks for the confidence displayed in them. Messrs Dempsy and Litchfield, ol l-almerstou North, were re-elected auui°The Direetors' fees were fised -at JJper meeting, the same rate as last J ear, fhe chairman to vweiec £,' per nice - ing, on the motion of Mr. 100 Han, field, seconded by Mr. M. 1 • Miles. A vote of thanks to lie Directors Secretary, and Manager, closed one of the most harmonious meetings ui the history of the ■jompany. linl j firH Later in the day the shareholders we hospitably entertained .by tli« chairman and several of the Directors.