THE MOTORUA FREEZING WORKS.

Taranaki Daily News, Volume L, Issue 60, 2 September 1907, Page 2

THE MOTORUA FREEZING WORKS.

ANNUAL MEETING. The sixth annual meeting of the Taranaki Producers' Freezing Works Company, Limited, was held in the Town. Hall, New Plymouth, on Saturday afternoon. Air J. B. Connett, chairman of directors, presided. There were also

present tUe following representatives of the dairy factories Cardiff, Mr. Kichards; Eltham, Messrs. T. 0. Hodgson and J. Ure Murray; Han-era, Mr. H. Spratt; lvaponga, Mr. E. T. B. Mellow Midhirst, Mr. A. Brown; Moa (inglewood), Mr. Todd; Mangorci, Mr. A. Morton; Maketawa, Mr. Joseph Brown; Ngaire, .Mr. J, MacDouald; Lepperton, Mr. Crowe; Oakura, Mr. G. A. AdJani: Omata, Mr. Watson; Tarata, Mr. Paterson; and Tikoi'angi, Mr. J. W. .Foreman. I lie annual report was presented as follows: "Your directors have again the pleasure of placing before you a satisfactory balance-sheet. We commenced the year with a balance cf 3/32 boxes of butter and 13 cases of cheese m store. We have received during the past season 214,586 boxes of butter and 16,773 cases of cheese, beins an increase of 27,074 boxes butter and 7142 cases cheese; 191,026 boxes of butter and 16,541 cases of cheese were ?pno!> u tlle Homc mal 'kets, and 7' 082 boxes gutter and 245 cases ,-f cheese to the Australian and local markets, representing a net tonnage of 5200 tons of butter and 1124 tons of cheese i eav „ 1 " ! ? I 0 baxea of butter in store on 30th June, 1007. In-accordancc with the resolution passed at the last annual meeting, £IOOO lias 'Been added to the CPfinrT T - V i lieh now stands at £2OOO. Two and a-half per cent, has been written off buildings, machinery, and plant, absorbing £363 4s 9d, leaving a balance of £3587 9s 4d to the credit of this year's working, which with £4 1 10s 4d brought forward « a oJH I available balance ~4070 8s Bd. Your directors now recommend that the reserve fund and accumulated profits be divided and allocated as share capital on a basis of ? Gd P cr ton of butter and 4s 9d per ton of cheese to shareholders on th» amount put through the works by each Shareholder during the past three years " from the time they became sCe' ''l ' 3 W] . U t abS ° rb th<! sum uf f0903, leaving a balance of £176 Bs-Bil J cre ol profit and )oss " , . glance-sheet showed a balance "fMmn 61 m? Vcr liabil ' ties amounting to u ! e assets were: Land £337, buildings £BSBO, machinery £5484 plant £92, Stocks £lO7, storage accrued £644, sundry , debtors £1042, and CMS 1 in hand £9; total, £16,307. On buildings, plant, and machinery 2y, per cent, had been written off. The liabilities were: Paid-up capital £2061, re£M%fl U v d f'xi 000 ', s fP° nSo #Mount £9O, Bank of New Zealand £BOOS, sundry accounts £7O; total, £12.227 The principal items in the profit' and loss a SnV V o', C: W ? ses and mat "igemont S,I S 4 'T' 447 33 0d ' etoTP" C 239 13s 4(1, interest £567 Is 3d. wealanil Tear £B7 6,s od, liisurances £95 17 s directors' travelling expenses £4O o s ' 2% per cent, written off buildings machinery, and plant £363 4a 9dj and the total expenditure was £4003 18s lid. On the other side was shown the previous year's balance of £1531 19s 4,1 ( less £IOOO carried to reserve and £4O ill 110 !? 111111 '' freezing account £7lO-1 rIJ !• C l°} St ° rage £lB4 651 lid, ice 1120 6s 3d, and other items brinnin.r the year s revenue to £BOBB 7s 7d " " llie report was adopted, with «.« amendment that the profits l,e allocated as share capital on a basis of 10s per cheese. but^'--and • 29 M P 6r ton P of The retiring directors, Messrs. J. B : Lonnott, Joseph Brown, and Arthur Morton, were re-elected. Mr. T. O. Hodgson, of Hlliani, was elected to fill ; the vacancy caused by the resignation of Mr. James Boddie. ' Mr. C. S. Rennoll was re-elected audi-

All honorarium of £SO was granted to the chairman of directors, on the motion of Messrs. Foreman and Todd both of whom eulogised Mr. Connett's' work. At a subsequent meeting of directors man**' B ' Coimeti r e-electe<3 chair-