LOWGARTH DAIRY COY.

Stratford Evening Post, Volume XXVIII, Issue 11, 11 September 1915, Page 3

LOWGARTH DAIRY COY.

ANNUAL MEETING. The eighteenth annual meeting of the Lowgarth Dairy Company was hold in the factory on Thursday. Mr E. A. Gray, chairman of directors, presided, and there was a fair attendance of shareholders. The chairman reported that the working account balance of £-1080 15s od should allow for a further payment of 2|d, making a total of 18gd. The large quantity of cheese in transit has been valued at 6Jd per lb., f.o.b. Cheesemaking.—Milk, 9,446,971 lbs ; test 3.87; fat, 866,1951b5; cheese, 980,1971b5; whey butter, 19,9-lllbs; milk to 11b cheese 9.58; lbs cheese to 11b butter-fat, 2.69. Butter-making.—Milk, 92,5701b5; test, 4.09 ; fat, 3791b5; butter, 4601bs ; lbs milk to lib butter 20.11; lbs butter to lib butter-fat, 2.69. ■The bank overdraft was a little more than last year, but that was because the company had purchased land, and it had not been included in last year’s balance-sheet. The shares in tlie Egmont Box Company would have to be increased, but the cost would be spread over for two years. The company had donated of cheese to the Patriotic Fund. He formally moved the adoption of the report and balance-sheet. This was seconded by Mr E. >T. Fearon. Mr B. Booker asked how the overdraft was to be paid off. The chairman said the money had been spent in purchasing the section and making additions to the butter room. They proposed to pay off so ranch each year till the amount was paid off. Mr Booker wanted to know if the Box Company was a good proposition for the company to put money into. The chairman said the company were getting very little good out of the Box Coy at the present time, but it would be a fine asset in years to come. The company had enough timber in sight to see them through for the next thirty years. In reply to another question, the chairman said it had cost £l2O to instal the water supply at the factory. As to whether all the cheese had been sold, the secretary said that most of the cheese , that was at present just landing in London had been sold, and there was another 500 cases on the water, and that would be disposed of as soon as it arrved. The report and balance-sheet was then adopted.

Mr T. Hall said the shareholders had received £7OOO more money for their output than they did last year, and the employees’ salaries had been increased in consequence. The chairman said at a conference of Directors of Dairy Companies held recently, it had been decided to raise the salaries of all their employees 5s per week, with the 1 exception of the managers, < Messrs Rogg and McMahon were re-elected directors, and Mr .1. H. Thomas was re-elected auditor. The usual honorarium of £SO was voted to the chairman.