ROTORUA DAIRY COMPANY.

Putaruru Press, Volume IV, Issue 137, 17 June 1926, Page 5

ROTORUA DAIRY COMPANY.

V PROPOSED AMALGAMATION With N.Z.C.D.C., Ltd. At the request of the directors of the Rotorua Co-op. Dairy Co., Ltd., Messrs. W. Goodfellow, Dynes Pulton and H. Sterling, representatives of the New Zealand Co-op. Dairy Co., Ltd., met the suppliers to the Rotorua Dairy Co.’s factory at Ngongotaha, on Saturday last, and discussed the proposed amalgamation of the two companies. In outlining the activities of the N.Z.C.D.C., Mr. Goodfellow stressed the phenomenal growth of his company during the past few years. Although the season had been an unfavourable one, the company’s butter output only decreased one per cent., while the Dominion’s figures showed an average decerease of 11 per cent. The company’s paid-up capital and reserves on May 31 were £1,000,000, and there was £350,000 of uncalled capital. The speaker further pointed out the 'f company’s great improvement in its dairy produce against fierce proprietary competition. It had also develop- * ed every alternative market to Great ' Britain in order to relieve the pressure there, owing to periodical oversupply. Mr. Fulton emphasised the need for cheap fertilisers. Prices of manures were too high and the company was Investigating the position. Mr. Sterling stated that co-opera-tion if good for a few was good for all. It was also necessary for farmers to be united so they could speak with a collective voice. The meeting expressed itself favourably in regard to the proposal and Jt was decided to take a ballot of suppliers on the matter.