MANGOREI DAIRY CO.

Taranaki Daily News, Volume LVII, Issue 67, 7 August 1914, Page 2

MANGOREI DAIRY CO.

ANNUAL MEETING. The annual meeting of the Mangorei Dairy Company was held at Egmont Village yesterday, when Mr A. Morton, chairman of directors, presided over an attendance of about 130 shareholders. The report, as already published, was submitted, as well as ' a comparative statement of tine working of the various creameries, which showed that at Egmont Village 1<3f1,2041bs of buttcrfat cost 2s 0 1 /.d per lOOlbs to receive; Kaimiro, 140 4flllbs, 2s B%d; Kent Road, 84,2381b5, 3s 11 %d; Albert Road, 62,7001b5, 4a 10'<. - Mangorei Road, 72,3431b5, 4a 4%ii; Smart Road, '52,8441b5, Os 3</ 4 d; Hurworth, 38,83!)1b5, 4s Cd. I In moving the adoption of the report ■ and balance-sheet, the chairman stated I that it must be admitted that they had I had a highly-satisfactory year, which I had in several respects proved a record, j Although the quantity of butter produced was not a record, having been beaten several years ago, yet it showed a considerable increase on tlhe past few years. The grading for the year had been exceedingly high, the highest in the history of the "company. The amount paid out for lmtterfat had also been tlhe highest. The spring had been a firstclass one. The climatic conditions had been favorable to a large output, and most of tile suppliers had taken advantage of this. Unfortunately, the autumn had been very short, and a very much decreased supply was the result, due to the adverse weather conditions. But for this, the output would have been a record. This decrease was felt more in the winter supply, due to winter coming on so earlv. Prices for winter butter, too, were anything but remunerative. Usually fairly high prices ruled in the winter, but thi3 winter butter never got as high as Is, save in one month; so that they were actually dairying at a lower price in winter than in summer. The directors, he said, had fortunately sold their output at the beginning of the season, for though the prospects looked well, they deemed it advisable to take advantage of the good offer received. It was fortunate, too, that they had done so. There had 'been ao ■unprecedented condition on the Home market —a condition due to the lengthy strike, which also put them to heavy expense in the matter of railage. The farmers, too, had had to go and work the wharves and see their produce shipped. Then the trouble was not at an end, as it caused a congestion on the London market, which also affected the prices. | Personally, he believed the result was ■ more serious than it need have been, because there was a certain section of the trade, who at times had partial control of the market, who used the congestion to suit their own purposes. Dumping down of cargo after cargo on the Home maTket was one of the worst things that could happen, hut when a certain section used this to further their own interests it was very bad for the supplier. He did not intend to discuss Jhow this should be remedied. Their ; company's great concern was to put their produce on the steamer at Wclling- , ton. The strike cost the whole Tarai naki district from £20,000 to £25,01J0 , extra expense in handling produce. I'Cheese. of course, proved more costly, owing to largely increased tonnage. The strike also put a heavy tax on the freezing worlcs at Patea and Moturoa to handle the produce. This thev handled effectively, but, unfortunately," it proved costly, owing to extra stall', coal and increased time of running machinery, and had reduced the protits from the Moturoa works accruing to the dairy companies. It was sincerely hoped that such a state of affairs would not occur again. There was no doubt that the fanning community fully realised the importance of keeping the" ports open. He referred to the fact that the meat freezing companies had recognised that it was necessary to first ship the butter and cheese, as this was important to a I much larger section, and he thought | that the dairy farmers were under a debt of gratitude to the companies The chairman then referred to the prospects lor the coming season (reported elsewhere in this issue). Reverting to the balance-sheet, ho stated that despite increased output their expenses were low in connection with, the runnin« of their creameries. In fact, at Hurworth the suppliers had been refunded yd o ut of the >/ 2 d per lb of butter-fat deducted from them, because they had almost doubled their output. In conclusion he urged suppliers to do their utmost to increase their production. They could see that many farms were improving and if one could do so, why should not all do it J He referred to the larger amount of manures at present being used and felt certain that this would e doubly and trebly increased when those who had given the manures a tria had proved the value of the expenditure by largely enhanced m.fk

Mr J. Uopperth seconded the adoption vrv luK' ™ hMl WM «"»«» »«er veiy hltle discussion. ELECTJOX OF DIRECTORS.

For the two vacancies on the directorate, live nominations were received The voting was as follows:-' Messrs A. Mort "■« 'w Ifoulah;l " 113, W. G. Stanton 58W. teal terton 5,1, and ,T, Goppcrth 51. ij., , irft twQ 1

In nominating Mr. .\lorton, high tris Ti t OWs abilit >' "«* handle the company's affairs at the " escnt f »*«•. This feeling ™> strongly reflected in the vote. Mr Morton, in returning thanks for beeh:ct,on,eonsideredsuclia ffi aorS ceiveu 8 COm^",u ' nt *"> had over re

Mr nail, the ret ring director, who did hearty vote of appreciation of his faithdining the past seventeen years with of one or tZZnt Jt a fee 0 f .4.1212,, and a„ additional

I'AYMEXT BY QUALITY.

Li accordance with notice of mo-ln,!nml'-,J-IT-rßra-vs,'a"'JlloVC'l^t for in ssl ; mU , b( ; S"a<l«i, and payment ioi milk should be made accord,,,, to and read a paper by Mr: Cuddie, Dairy Commissioner, on the subject. Mr. Iloulahan seconded. The chairman considered that if earned out the scheme would he <.ood 1, t it was surrounded by so many dilTi.-ul-t.es that ,t would be practical'h- i„, ,I MOle to carry them out. jrbe motion was a'jnost unanimously

GENERAL. Mr. Well, as ked what the company tit,d thTnr ipn .Y-~ Tho cl,tti ™ ll » s.le 1 1 tl r " ( ' l ' WO " W bt «>«• Miniea n_\ the directors The question of re-opening the Kent >oad creamery win , Je con^i^ViK

suieu that the agricultural instructor would vist the stories in that delve next month or early in October.