WAITARA DAIRY COMPANY.

Taranaki Daily News, Volume LV, Issue 102, 16 September 1912, Page 7

WAITARA DAIRY COMPANY.

AXXTAL MEETING. The iiftecnili annual meeting of the Xorth Taranaki J)airy Co. -was''held sit tliii factory. Onaero, on Monday aflormion lsirtt, when Air S. Kllint presided over a good attendance. The report and balance-sheet were adopted. Tin: former congratulated Mipjiliers on having reached another record. The milk supplv increased over a million pounds, butter-fat by 50,000 pounds :r.id butter by 22 tons. Reports of the quality of the butler from .Home buyers were most satisfactory. The total amount of milk, received was 7,7'10,3(>.> lbs, producing .'!12,530 lbs butter-fat from which 16(5 tons, 14 cwt, 70 lb butter was mamifaetured'. The average test was 4.053, the over-run 10.25 and the average cost to make a pound of butter 1.44. It required 20.04 lbs of milk ti. make a pound of butter. Suppliers wil receive 11.08(1 for butter-fat, inelusiv of bonus. Owing to the anticipated icrease in supply, it was found necessai to extend the plant, a new engine, fre< .- er and vat king installed, and tli"- : e would meet requirements for m \y years. Twenty-nine shares, fully .' .id up. were now held by the compan ■• in the freezing works, by which a i at saving in charges would be made. The retiring directors were Messrs \V. Cole and <LX. Skclton, both eligible f . reelection. The secretary submitted some nterostin'g figures of the history of t';: company, showing particularly the great strides made during the part four \cars: During the vein's JS99-1903 suppliers received for milk £13.000 15s 7d; for 1(1041908. £17.008 lis lil, a total of £30,078 0s 7ii, whilst for the four years 19011-1012 tile amount was £43,305 18s (id, or, in other words. £12.007 lis 10d more was received by suppliers in the last four yeitrs than the .previous ten years. During'lß9!)-1!)03 220 tons. 2 cwt 041b of-butter was manufactured; from 1904to 1908 249 tons !) ewt 551b. or a total in''ten years' of 409 tons, 12 cwt, 71b, whilst f.dr the past four years the make amounted to 483* tons, 1 cwt. 90 lb showing '■■ that 13 ton 0 cwt 83 lb more butter .was.trnade during the past four years tlfflrtlthe'lprevirms ten vears. From 189!) "toJ'lM3 : £lß,!f7r3s' 4(l'was received for tli'e sale'of butteiyand for the 1904-11)08 peii'iofcl 0E25,587 17s 3d was received, or a toial- for' the ten vears of £44,559 0s 7<l, whilst for' the KW9-1912 period, the sum ' received was £50,9(16 2s Sd. an increase of £(5407 2s-Id for four years as against' the previous ten. The grand total recef\'eU for'Xa'lcs of butter was £95,525 3s 3d'for the fourteen years. The total polfndftge of rnilk received for the compahy;'s'term'Wits'47,397,s99lb. The total amouM'of'butter made was 052 ton 13 c\vt' f 0718.' The smallest year of the eom- • pafiV-"was J, }ii. : lß!)'9, when suppliers reieem& £2113 2s 3d, the next lowest being whilst : th'e most successful has been the pas-€'v<siliy 'tli'e' total payments being jEl.T.fi'OG l2s l'l'fl'.;'Til ,18(19 6.33 was paid .foil ta'tc'r'-fat'rind'this year the amount .is ll:98",'a"n 'iUrease of 5.05! During two j ycil*>s frf'tWe 'company's history the cost 1 ~uf "})i6fWctio?i ~'tfas. at the rate of 4'/ 2 peAi»y ve_ar shows it at J During the past fJ(iiW^%5 r s'''il('|)l-feation has formed impolicy of the ■OT*ct3fJ"with the result that with the the face value .of the,,factory, .has..'been considerably .worc^fflij.n'l'jiij.'values shown as an asset. /L'hb T '?iiU'genei'iUJy;gf running the factory • hai.fgfy.^iiui.'tei'jallyj,decreased in proportion'tft tTie ; . I'l'itpjit,' .There .is- still a large Jikrljjjlly; .developed and un.devdfc,pcJ]; J fani].'Ajitliin a reasonable radius ''6f r 'and creameries, /and soih'S ijloubt sooner or <Jatet ing purposes, so;tl>at the future before ■^iar^dnfe?s'^vgsV'.i)ri|j]rt. : when the fact was Lyf consideration that the '-in'ie(r'oi I ;b'r)t't(''i; ,u'as.on the upgrade. The .thrfe jfcfbrjeY'jiyitMu'' a close' radius of ; WaTfiffit'' piijil Id suppliers during the i; pa^i'a'fryft J n?i?jitßs't-he sum of £45,474, i-and''fvhpi ,I T,o thV was added wages and | l-ocaT'^e'xpe'ftses 1 Hie amount locally disr liVJ'lofrc .on .£50,000.' This m'&%f" the..increase in profife /ijommg year from the iifi'bkhe-hi-giier prices that I'Slnfiflil ail'addition of from [tfiOOOO to £BOOO this season. W. Minis' and'S. 11 Taylor directorate, and PjMjeivjvlY'Was ' reappointed - instructing •the, ,ijjjie.ctj)i;u ) ttj.^(): ; ilTs'tair a pasteurising p^alll..r-■ of-i'inotidn fo'r a special mee(j|jig„to aj.te-r the date of the financial year.'. v to„An;viU3pfelf,i met with approval and -would ;k»;''icaririeel out: Votes of thaulp.Aye^'e to the directors and stair' -foK-.-thcir year's services. The Cha"irn),a/ijf h-OH.qrar-him. was lixed at £2O sccreiary'-ira.s vj>ted a vonus of £5 ss'. At a iue'elHig','<jf-<il ; wH.'toiYs Mr S. Elliot was re-appointed ' The. .company have disposed of the season's wi-flui. right tip to August next at a!,yej;y. satisfactory figure. This appeai;s i» -Ire t.lie. .first straight-out butter sale.-this J\pjhff)i}>:; ' '