MANGOREI CO-OPERATIVE DAIRY COMPANY.

Taranaki Daily News, Volume XLVII, Issue 81855, 2 October 1906, Page 2

MANGOREI CO-OPERATIVE DAIRY COMPANY.

ANNUAL MEETING. The nth annual meeting of the above company was held in the Public Hall, Lgmont Village, on Monday afternoon. There was a 'argo attendance of shareholders antl suppliers, Mr Arthur Morton, chairman of directors, presiding. REPORT AND BALANCE-SHEET. The report stated that 245! tons of butter were manufactured during the season ended August 31. The sum of £20,009 19/4 was paid to suppiieis, the average price for the year being 9.943 d per pounr for buiterfat. With bonus, the total payment amounted to iojd per pound. The profit and loss account showed butier sales £25,676. Suppliers received £20,009 if>/4 3 wages and salaries amounted to £1062 9/2, management expenses £390 4/8, working expenses £1428 12/5, shipping, commission and "flier charges £2430 6/2, depreciation £298 5/3, and dividend £205 12/. The Chairman, in moving the adoption, remarked that last season had

been an exceptionally good one, only once before had the prices been bet•cr. Ho said this was duo to various causes. Prosperity at Home tended tj greater consumption, Continental countries wero importing butter, the demand for saltles s butter jind for wool and mutton had tended to better prices. A small production of butter had also hardened the prices, and his opinion was chat the present prices would be maintained. The company had made a departure in allowing suppliers to send milk from cows fed on turnips. No difficulty, was experienced providing proper care was taken. This being an easy crop to grow shou'd enable suppliers 10 begin the season earlier. The company paid 7d per box for freezing at Moturoa, and more than usual for boxes, owing to scarcity of white pine timber. They had now taken up 240 shares in the Egmont Box Company, and the prices of boxes would probably be less this year. The Freezing Company was making large profits, and as soon as the extra charge made. as the result of the late fire at Momroa, has been liquidated, the

charge for freezing would probably, be reduced to 5d per box, which would represent gieat saving 10 the company. After considerable discussion, uhe report was adopted. Mr Bedby thought the charge of 2/6 for share transfers should be abolished. The Chairman explained that it was made so that a now man coming in would not reap the benefit of the work of the old guarantors of the company. A motion by Mr Price, that no premium be charged to old sharehold-

ers who were guarantors, but that a charge of 2/6 should be made on the transfer of any number of share from one to 20 to new shareholders, was lost.

Mr Wells wanted to know if it was not possible to arrange to run the creameries in the winter, three days per week instead of seven days in the fortnight, so as to avoid working on Sundays. The Chairman thought this could .4 be arranged next winter. ' Mr Peters would like to have the testing done by an independent person, and suggested [hat an effort be made to co-operate with some other daiiy company and secure an inde-

lendont. testing. He thought this voukl give tjie manager more time'to

insppct creameries, etc. He did r\ot wish to reflect in any way'upon tha. work of the manager. Mr Reeves thought there was no-

thing to be gained by this suggestion. The Chairman said there was much to bo said for and against it. He thought one man was as good as another in tho matter of testing. . Mr Jellyman said then farmers would bo able to have their cows tested. Mr J. Rowlands thought the manager quite competent to do the testing, and he was quite willing to do any testing for tho suppliers, Mr Carr thought the company hjicl been "didd'ed" out "of ijd per 'pouncl on iho season's output. The Chairman said that if that were so, all tho dairy companies have been "diddled." Mr Price asked if there was any check on the account sales (at Home. The Chairman : No; unless wc send someone Home to inspect. That is what the dairy companies are trying 10 get at now, and it is to be hoped they will succeed next year. In reply to Mr Stephenson, who asked how it was the overrun had gone down, the Chairman said it was due to making a dry butter, but the manager had now been instructed >o make a moister article. Mr Peter's resolution that an effort be made to arrange with some other companies in the matter of testing, was carried The election of directors resulted in the return of Messrs N. G. Marsh, and R. Price. Messrs J.' Ibbotson, J. Gibson, J. Williams and \V. Houston were also nominated. jv Mr Davis was re-elected auditor.'

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