DAIRY COMPANIES' MEETINGS

Taranaki Daily News, Volume LII, Issue 167, 9 August 1909, Page 4

DAIRY COMPANIES' MEETINGS

HIttSBOKOfGTI. _ The annual meeting of shareholders in the Hillsborough Co-operative Dairy Company, Ltd., was 'held at the Hillsborough Ball on Wednesday. The annual report submitted by the directors recorded a substantial increase in the output of the factory. During the year there had been received 1,812,2831b of milk, from which had been made 84,313 lb of butter, being an increase of 3/0 303 !!>■ of milk and 8119011) of butter on the figures ,of tlm previous year. It toolt an average of 21.491b of milk to make ■i pound of butter.' The overrun was i3..)fl per cent., and the average test 4.09. After writing off the balance of the goodwill account, £3oj, .£24 for churn and "nutter-worker replaced bv a .combined churn and worker, and 'writing off £49 18s for depreciation, the profit and loss account showed a credit oahince of £2BO 12,' Bd. The directors Had decided to pay 5 per cent, dividend on the amount paid, up by shareholders and recommended payment of n bonus of four-fifths of a penny per lb of buttertat supplied. The balance-sheet showed receipts from butter sales £3826 10s 3d Hie sum of £31148 10s Od was paid out lo suppliers. J„ M „ )v j„„ ()l „ adoption ot lire report and balance-sheet, Mr 1] C. Sampson, chairman of directors', strongly emphasised the importance of improving the lierds of dairy cows The first"essentia], to his mind, was an abundance of nutritious food, Xext in importance was the securing of a "ood huM from a well-known butter-fat-pro-ducmg strain, rt was essential also to go in for individual testing, and to cull Mit all cows below a paving standard. Of course the quantity of milk would lave to be taken into consideration as well as the test. The shareholders proceeded to discus's the advisableness of the company purchasing' a bull to be placed at the service of the shareholders but no decision was arrived at. Tn co„: eluding, he announced that the compayment for butler-fat last yeawas just under 1(1%d ~er pound Messrs A. Marsh and YV. AV. Hill were re-elected to the directorate, and Mr C T Arills auditor. '