TE AWAMUTU DAIRY CO.

Sun (Auckland), Volume I, Issue 137, 31 August 1927, Page 2

TE AWAMUTU DAIRY CO.

A SUCCESSFUL YEAR (From Our Own Correspondent.) TE AWAMUTU. Tuesday. The second annual meeting of the Te Awamuiu Co-operative Hairy Company was held at Te Awamutu yesterday. Mr. C. M. Alexander presided. The chairman stated that, though th* season just ended had been a difficult one from a marketing point of view, h* could not recall in the past 50 years a more bountiful one. He was confident that there was a good season in view. Speaking of the manure supply, he stated that the directors were able to arrange for supplies of fertilisers at a price as low as Challenge could sell—or, indeed, any other company. Xotwithstanding the new industrial award, the company’s manager had been able to keep the cose of manufacture down Referring to herd-testing, the chairman stated that there were practically 2.000 cows now under test. He urged all dairymen to test their cows. The company had undertaken to take up SCO shares in th«=» Farmers' Freezing Company, an enterprise that was serving a very useful purpose, and paying its way. The secretary. Mr. Sinclair, raid there were 84 shareholders out of the 11$ suppliers, and he explained thn* everybody was welcome to supply to the factory. The practice was to deduct one halfpenny to capitalisation account. If, a* the end of the season, a supplier did not desire to take up shares, he left the halfpennies that had accumulated to the company; but, if shares were desired, all those halfpennies would be paid toward the shares. The company proposed to pay 6 per cent, interest on the paid-up shares at the end of last season. He contrasted the output for the previous year. 147 tons, with that cl the season just closed. 442 tons. The company’s policy had been in the direction of exporting regularly instead « spasmodically. The actual Mavmeni of Is 3.72 d was for average grade, not finest or first grade alone. I Mr. Sinclair referred to the h*raI testing enterprise to contradict statej ments made that the company could net ; accomplish its objectives a: *he b;»s» s of 4s per cow. It had actually been 1 done, and there was even a small surplus in hand. Mr. G. J. Arnold gave a short address j on factory administration lf Messrs. C. M. Alexander and L* ! Crawford, retiring director: - , were y-' j elected. Mr. J. C Jourdain was re ! elected auditor.