DAIRY COMPANY MEETINGS

Taranaki Daily News, Volume LI, Issue 231, 23 September 1908, Page 4

DAIRY COMPANY MEETINGS

M'AXCOKEI CO.MPAXY. The following is the annual report ot the ilireetors of the Maugorci Dairy Co., to be presented to the annual meeting of shareholders at the Egiuont Village Hall on .Monday, sth October: Your directors are pleased to lay before yon the balance-sheet for the'pa-it year. The imnntity of milk received was very much 'less than during the previous year, owing to the prolonged dry weather during the .summer. The following shows the comparison: --Milk received, 1!I(J8 12.!152.21131!b5. 11)07 1,">,31i1.Ilillilibs; butter-fat received, 1!)II8 j()J..)73 His. 1!>07 ."ill.j.tilllibs; butter made, 10:18 fi73,B(i.'llbs. I!)l)7 liSll,(iß4lbs: over-run". 1008 13.72 per cent. 111(17 1-1.2S per cent; lbs. milk to each lb of butter. 1008 22.1)2 lbs, 1!I(I7 22.57H15: average test, 10118 3.80, I!I07 3.57; amount paid to suppliers. 111(18 .V.21.3411 2s Id. 10117. C2(!,Ki3 ()s 2<l: rate per lb. of butter-fat, 1008 10.1.-jd, IUII7 lli.lilid.

The sum of .till! Is 3d has been paid to shareholders, being a a per cent, dividend on paid-up capital. The sum or t'4.-|(l 4, fid has been written oil' for depreciation, an.l a .balance of U22 Is ad has been brought mrward. The retiring directors are Messrs. Morion and Uncock. Mr. Uncock does not'intend to otfer himself, for re-election. Mc Davies. tln; retiring auditor, again oilers ■his services.

The balance-sheet niav be summarised thus: Expenditure: Milk purchases ■C21.310 2s |,|; wages and salaries C 1222 4s !M; working expenses V.1J31 Is Id: management expenses US.V) 'is 2d; disposal of produce exnenses Clti.j 18s 2d; dividend .till! is 3d: and depreciation C4.">o 4s «d. lieceipts: Butter sales C2.-|.4.->(i 10, (id: premiums on shares sold tKfi 17s 7d: amount paid on shares forfeit,.,! C2J ,| s I,| ; and minor items. Inclusive of lHi Us 3,1 brought l '" |, «."''l !"''"'" Ihe previous vear the "receipt, totalled £'2.V.-,!17 17s lid.