CAPE EGMONT DAIRY COMPANY

Taranaki Daily News, Volume LIV, Issue 124, 16 November 1911, Page 7

CAPE EGMONT DAIRY COMPANY

ANNUAL MEETING. ffhe annual general meeting was held on Saturday last in the Pungarehu Hall. There were twenty-two shareholders present, and Mr. M. Fleming, chairman of directors, presided. The report and balance-sheet as under were read and adopted:— Milk received at cheese factory, <i,775,5881b5; butter-fat, 201,8161bs; cheese made (factory weights) 600,7021b; lb. of milk to lib. of cheese, 10,10lb; lb. of cheese to lib. of butt«r-fat, 2*54611); milk received at butter factory, 859,1271b; butter-fat, 34,5231b; butter made, 39,8301b; lb. milk to lib. buter, 21.561b; over-run, 15.4; average test, 3.88; paid.suppliers, 11.18 d; 10'/ 2 d per lb wasJpaidVAbwu'lMbut the year to suppliers. A further payment was made in October, obsorbing £584 12s Bd, together with a.oipar «ent.-"dividend on paid-up' shares, amounting, to £124 13s 6d, leaving £IOB 7s to the credit'of the working account. The. final returns for last season's cHeese'w'ereVnow to hand, bringing the 'balance available up to £330 0s 3d. Out of this it is "intended to pay a furthere bonus of 2 per'-cent, on the year's supply,- which)'would absorb £259 5s 7d, leaving tne"Martee'to-be curried forward. The busiiies's' Ijif : ■ the' ; 4tore' department had r«sulte£Min , ''b!-profit for the year of £l7O 18s 10dv Mr. W. H. Keasburry resigned) njtjtl&gelShiD v°f tlle sbore last December, ani pointed M'.Jfjs', place", Mr. A. O'Brien had resigned the secretaryship as from the end of September, and Mr. M. J. Brennan had'been appointed'to' fill 'the' position.

DIRECTORS. Messrs. .T: R.'Rutherford, T. Harvey, and C. peiiwardei\ ( wßr,e,.elec,ted to fill the vacancies .piffle .djrept»ratc. . Mr. J. ,S.. | McKejl]a l r,.wa,s. appointed auditor a't'a fee c|,, i|o -, J0»... ..".". ,',"'.: i\/jsssK:S„,,.,>.V- ' Votes of thiijjtkfi,,were, passed to the staff, and'ty MY ni s» H..Keasberry, who had retired afjeyjiQldi.n.gi the secretaryship fd'r 13 years. ' ' . ~ , The usual compliment to the chair terminated the meeting. At the directors' meeting,,,held subsequently, Mi'. M.' Fichiing was re-elected chairman.—()piinake,i' ( fi,mes.