DAIRY COMPANY MEETINGS

Taranaki Daily News, Volume LI, Issue 206, 20 August 1908, Page 4

DAIRY COMPANY MEETINGS

KAKAItAIIEA, . Tko annual general meeting of (he Kakaraineii Dariv Company was held on Saturday. About 40 shareholders ami suppliers intended, Mr. Thomas J'oreniaii, chairman of directors, being in the chair. Th,, aiinual report slated that last season, for the lirst time in the history of the. company, there had been a decreased output of the pi'mlucl, due solely to the harsh spring and to the dry weather experienced during February and March of this year. The lollowing 1007-8 statistics were attached to the report, the 1000-7 figures beingshown in parentheses:—Milk received. 14, 301,2(11 lbs. (11i.1(37,1841b5.), a decrease of I,(il2.!lß,'il'bs.; butter fat, ftJ!,.>2l.7lbs. ((ill!),Bflß.ijibs.), decrease (i8,33(i.81b5.; butter made, (il3,t!ll!lbs. (688,81(1), decrease 75.32111,b5.; average test, 3.7(1 (3.80); weight of butter" in tons, 273 (307): lbs. of milk to lib. of butter, 24.6 (23.31); overrun, 13.28 (12.04). The payments for 1007-8, including bonus a* recommended, were as follow: —1007: July o'/|il, August - o'4d, September 11'/id, November 11 >/,d, December II '/id. 1008: •lamiaiy ll'/jd, February H l /,.!, March 11 ! /id, April lid, May 10'/|d, .lime lid. The bahmee-sheot showed receipts C31),321i lis Hd, butter producing £25,131 Is 7d: (lie expenses were C 25.766 Ills lid, wages and salaries absorbing £llO3 15s 1(1, freights £IOO7, boxes

£5lB 18s 8.1, fuel £502 Mis (id, freezing charges 1300 15s, maintenance ;(ii7b. Ill', (li'bbs criticised the action of the directors in disposing of their butter on the consignment system, known as advance without recourse, which system he considered to be rot-' ten, and the sooner they got away from it the better. Dairy farmers did not milk their cows for sentiment, nor for pastime or pleasure, but for what they were able lo get out of it, and for that purpose they must seek the most advantageous. method of marketing their produce. He l'onnil tliat the more he looked into this matter of advance without recourse the more unsatisfactory lie found it, and lie recommended the directors to have backbone enough to either sell the butler outright or to ship it, on open consignment. The meeting resolved on a recommendation

to the directors to sell outright or ship on open consignment. Messrs. Allen and Sutherland were re-elected directors.