MAKETAWA DAIRY COMPANY.

Taranaki Daily News, Volume LI, Issue 242, 6 October 1908, Page 3

MAKETAWA DAIRY COMPANY.

The following report was presented to the annual meeting of the Maketawa Daily Company last night: —"The milk received was 5,900, UOlbs, and advances have been made on 230/222.8121bs of butter-fat. Butter made amounted to 2(i2,:j241b->—a decrease of 32,8171bs as compared with the previous year. The exceptionally dry summer experienced last season will fully account for the decrease, this being the first time in the history of the company that your directors have not been able to report an increased supply. It took an aver- : age of 22.4!)1bs of milk to make lib of butter. Each lib of butter-fat was equal to 1.1391bg of butter. The avev-

age test was li.'K Out of the surplus oi £O7 18s Od your directors propose to pay a further one-tenth of a penny p;r pound of butter-fat, equal to £OS It's (id, and to carry the balance forward. Suppliers will then liave received equal to 10.33'2d (10 l-3d) per lb of butlerfat for the season. Your directors recommend that the sum of £159 17s (id, being a portion of the accumulated premiums iu reserve account, be lUtriliuted amongst suppliers for the season 1007-8 iu proportion to the butterfat supplied. The manager, Jlr. Ci. L. Johnston, lias been granted leave of absence to enable him to visit the Old Country, and Mr. A. Johnston lills the position during the time he is away. The services of Mr. Percival as secretary have been retained for the currcit year. You will be called upon to elc.'t two directors in place of Messrs. iirown and ..Marshall, who retire by rotation and are eligible for re-election. You will also be asked to appoint an auditor and to li.v his remuneration. The ser-

view of .Mr. M. Jlopson aro again ava l-i able.—J. Brown, Chairman." The work-' ing account contained amongst the items of receipts £11,597 10s Id lor butter sold. Expenditure included £oSj's os 7d advances to milk suppliers, £1275 lis Id manufacturing expenses, and £:> M lis (id for .selling and administration.