Thames Valley Co-op Dairying Company, Ltd.

Te Aroha News, Volume XXII, Issue 42744, 6 July 1905, Page 2

Thames Valley Co-op Dairying Company, Ltd.

At the annual meeting of the shareholders of the Thames Valley Co-op-erative Dairying Company, Ltd., about 100 shareholders were present. The report stated that the result of the past season’s operations had been highly satisfactory. The quantity of butter manufactured during the year was 743,5471 b, an increase of 52231 b over last season’s output. The quality of the butter had been well maintained, the average grade being 93.36. The average price paid to suppliers for butter fat had been B‘4sd per lb. After allowing £BO for depreciation of property there remained a«surplus on the year’s operations of £IOOS. The directors decided to pay a bonus of 5 s per share, to carry £IOO to the bad debts reserve, and to pay 5 per cent on all shares held in accordance with the company’s regulations. The report and balance-sheet were adopted.”