DAIRY COMPANY MEETINGS

Taranaki Daily News, Volume LIV, Issue 81, 26 September 1911, Page 2

DAIRY COMPANY MEETINGS

' THE OAKURA COMPANY. Following is the report to be laid before the annual meeting of shareholders to be held on Monday, October Hi: Your directors are pleased to present you with the balance-sheet for the thirteenth year of the company's operations. The quantify of milk received shows a decrease of 455.1 (Wilis in comparison with the previous year, due chiefly to the prolonged spell of dry weather in the autumn. The total quantity of milk received was 4,J14!1,0541b5, containing 193,40lilb* of butter-fat. and from which were manufactured 218,0481bs of butter (97 tons tx'wt 3qrs 121bs)), the over-run being 12.74. The average test was 3.1)0, and the quantity of milk required to make lib of butter was 22.119. The sum of £8074 ."is has been distributed amongst the shareholders, being at an average price, of 10.71 id per lb of butlerfat; .CI3O 17s 10d has been written off for depreciation, and a balance of t'S Is Id has been brought forward. The prospects for next season are very satisfactory, and your directors have sold the output (September-April shipment), the price received being 11 \L<\ per lb, less Vi per cent., which is an' increase of 3-1 Ud in comparison with the past year's sale. In March last, Mr ..I. Ueid' who was appointed manager of the company in August, 11110, resigned his position, and Mr. J. Windleburn, late manager of I the Makahu Dairy Company, was appointed in his stead. The retiring director is Mr. G. A. Adlam, who is eligible for re-election. It will also be necessary to elect an auditor. Mr. C. T. Mill's agaiu offers his services. MANGORI-1 CO-OP. COMPANY.

The report to be laid before the annual meetim; of shareholders lo lie held on October 2 is as follows: —

Your directors are pleased lo lay before you the balance-sheet and accounts showing the operations of the past year. Owing to the prolonged spell of' dry weather in the autumn the milk supply was materially decreased. The following shows tbe comparison with the two previous yearn: —.Milk received (1911) ; 10.37;1,735ib; (1910) 18.2IO,092lb: (19(19) K.451i.0491b; butter-fat received. (I9M) 019.0711b; < 1111 (t) 703.'5!)11b; (111(19) 005.0971b: butter made. (Bill) 721.1491b; (MUD) 510.79.11b: (191)9) (;93.0851b: overrun, (11)11) 1ii.37 percent..: (19,10) J.V2O per cent.: (1909) 14.52 per cenl.; || )s , milk to each lb of butter, (1911 i 22.7; i; (.1910) 22,45: (19119) 22.25; average test. (1011) 3.75: (1910) 3.8(1; (111(111) 3.91: amount paid to suppliers, (1911) C 27.21)9 17s 4d: (191(1) £33.031 15-, lid: (1909) £25.582 15s Bid; rate per lb butter. (1911) 10.573 d:. (191(1) Il.2(l7d(1909) 10.13 d. The sum of £275 7s lid has been paid out, as a dividend at 5 per cent, on share capital; £455 Ms 9d has been written off for depreciation, and a. balance of £5 17s Sd brought forward. Mr. Philip Wells, who has been a director for the past four years, having removed to another district, has resigned his seat. You will be required to elect a director in his stead, and two in the place of Messrs. Hall and Morton, who retire in rotation, and are eligible for re-elect ion; also an auditor in the place, of Mr. Davies, who again oilers hi„ services.