FARM AND DAIRY.
MOA DAIRY COMPANY. The nineteenth annual report of the ■Moa Farmers' Co-operative Dairy Company is as follows: The amount of skim milk received- was 17,920,7711b, producing 708,31G.001b. of hutter-fat. The amount of cream received was 3G],5561b producing l-11/'OS--781b of butter-fat. The amount of butter-fat maunfactuved was iH*o,eO4lb equal to 4-Mi tons 2 ewt. Oqr. fib. The over-run for the year was 17.6 per cent. The average test was 3.95. Suppliers received an advance of M%d throughout the year. Out of the balance in hand, on May aist, 1914, a bonus of a half-penny per lb. of butter-fat received during the export season—viz., Ist September, HH3 tc 31st March, 1»H, inclusive, has been paid, absorbing the sum of £1517 l o j ad, leaving a balance of .€7 9s 2d to l>c carried forward. Suppliers have received an average of 1'1.98 pence per lb. of butter-fat for the season. \)MKY COMPANIES AS STOIiFKBKPiIKS. At the annual meeting oF the Rahotn Dairy Company, on July 23, Mr Will- I c-o\ asked the directors to give the sk*roholders the reason for not being ao.e to recommend the startiii" of a co-operative store. The chairman, in reply, said the committee set up to go into the matter felt tU-.v womd not be advancing the inteicsts ol shareholders by going into the store business, seeing they had such a small capital, and he knew shareholder wonl.l iwt a K r«e to take up more shares to cover the cost of a store. Mr. (iibson said he had given tin--tore question a good deal of thought, and was now sure they could not mak" il success of the venture, seeing thev had only „ b ,nall number of shareholders and some of the largest would nol deal lium the store if started 
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