INGEWOOD BACON COMPANY

Taranaki Daily News, Volume L, Issue 61, 14 October 1907, Page 2

INGEWOOD BACON COMPANY

The annual minting of shareholder; in tile ingle wood Co-operative llacoi Curing Company was held 011 Saturda; afternoon. About seventy were ore sent, Mr Arthur Morton, chairman o directors, presiding. The report and balance-sheet alread; published in these columns, were takci .is read. 11l commenting upon the report, o the year's operations the chairman sail tlie principle feature had been the lii I increase in the number of pigs received Twelve months ago the directors ii ' their report gave hope of a really gooi year, and events had proved that tliei anticipations were not far out. _ No only had there beon an increase in th number of pigs received, but the nn/n lier of shareholders had largely in creased, and a large number of Jie\ shares had been issued. The pric' paid to suppliers had been a record h the hislory of the company, and no only had they been able to pay it bu had come out with a substantial bal anee after doing so During the pro vious year, for the first time in til company's business, competition ha< been met with in the pig market. Th inducements held out by their competi I ors had certainly been strong, hu ■ nevertheless the company had been ab!< is stated, to obtain record supplies. 1 the shareholders stuck to the concer: in a similar nuuiner this year it wa safe to predict an even greater success ife directed attention to the fact tha the wages had not been greatly increased by the bigger output, and stated tha a greater number of pigs could b dealt with at but little extra cost The greater the supply of pigs th cheaper the cost of producing the bacon The cost of running and manufuctur, from the time the pig came in to th factory until the cheque came bac for the bacon was 10s lid per pig, a r< cord low figure with this company. .11 concluded by reading a letter from M \V. Stanley, of Hillsborough, congrati lating the directors and stall' on th successful year. He moved the iidoj lion of the report.—.Seconded by M Davidson. Jlr Hopson, the auditor, remarked o the laxity of shareholders in rctumiii vouchers for payment. This gave th secretary a good deal of trouble. T\\ of these vouchers were still missing. For the election of three director four were nominated: Messrs (Jhai Dobson, I{. Kenny, John Davidson, llnrkijess, and ltobt. Stjevens. Th ballot resulted: Messrs J. Davidson 4i C. Dobson 34, i\V. llarkncss 30, R. St; vens 27, R. ivenny ID. The first tim were elected. Messrs llopson and 1. King were scrutineers. Jlr A. Hopson was re-elected audito: the fee being increased from five t seven guineas. The meeting unanimously adopted tli recommendation of the directors to pa the permanent stall a bonus of five pc cent on wages and salaries. Severs shareholders spoke in approval. Th chairman said they had a staff wliic was second to none iu its zeal and enei gv in the interests of the sliarcholderf tie had no doubt that this vote in re cognition of their good work would no be lost. In reply to Mr Eager, the chairmai said the directors would not establlsl a small goods establishment in lnglc wood until good premises in the j-i;:;; locality were procurable. Jlr Davidson brought up the matte of establishing a receiving station a J'ariki.—Left to the directors. The chairman assured the sharehold ors that the 'directors would lose no op portunity of extending the operation of tile company. Meetings were to b held ';do\vii the const" in order to se cure more shareholders and bigger sup plies by working new territory, am would not; hesitate to enlarge the fae tory and increase the pl.int if the sup ply warranted it. .\ ,|i« o ster was nov being erected at the rear of the faeton for the treatment of oll'al. This, n'i understood, would be a profitable ven turo. Votes of thanks to the directors aiu staff concluded the meeting.