CHELTENHAM DAIRY COMPANY

Rangitikei Advocate and Manawatu Argus, Volume XXXII, Issue 8902, 23 August 1907, Page 2

CHELTENHAM DAIRY COMPANY

At the annual mooting of Cheltenham Dairv Company the shareholders will be congratulated by the directors on the sui isfectory results of last year’s operations, particularly in re argil to the sound financial position of the company. The report states that (H,4oolbs of butter were manufactured last year. The plant and buildings have been maintained in an efficient condition, and the directors thank the manager and other members of (he staff for the able manner in which they have conducted the business of the company. The tot 1 1 receipts for the year, shown on the annual balance-sheet, were £28,”45 4s Td, A credit balance of £2l) 18s U)d is shown, but it is evident the directors could have shown a much larger sum, for though £SB 12s were spent on repairs and : ‘the plant and buildings maintained in an efficient condition,’' no less a sum Hum £1)10 was written off for depreciation, with the laudable object no doubt of reducing the overdraft. The interest charge last Vteav was £llß 11s (id. It is staled that the present chairman, Mr Mills, will not accept re-election to the position.