DAIRY FACTORY REPORTS.

Taranaki Daily News, 2 August 1915, Page 6

DAIRY FACTORY REPORTS.

WARE A. The nineteenth annual report and balance-sheet, to be presented at the ani ■ u.il meeting of the -Warca Dairy Com--1 (any (inlay, shows that at Waiva 4.713,- ■ is.*!i;i of .milk was received, pi'odu-ing 1 iK».77Ki>> of ibnlter fat., jit ail average . est of 3.58; at Xewall. 2.7U(i,501i1b of milk received, 'producing 10l),S.V)di ol butter fat. at an average test of 3.73. Hutt.-r niaVing.- liuttcr fat 31,-lifSl!,. butler imade 31i,1511b, over-ruu 15.1 per ei lit. ( liei'sO making Newali: Milk received 2, !"'!0,:>341b, butter fat 03,01 id b, chei se made (faetorv weight) >l. mill: (o lb cheese' <).S7li>, D» cheese to lb butler fat 2.71. ollieial average g-ade 5'1,25. Warca.Milk received -1.101U153 lb butter fat, l.")o.H'dUi. chcive made (factory weight) 425,71411). It) .milk to lb c.'iecso tUi b, lb ciiccse to lb butter fat 2.'(i'llib, ollieial average grade 1)0.74, tola I cheese made (.factory weight) 4(50.!>2111), wliey and starter butler made 1120111b. The amount remaining to ere. dit of 'profit and loss account oil clo-ing the books was .C13.V2 15s Od. and out oi tliM the dins-tors bad appro].> iated ,C3s'3 Iss 5d (o ])rovide for the depreciation on propel ties and plant, leaving a balance of €1."!!!) (Is .Id. out of -which the ilirei'tors recommend a payment of interest at the rate of C 5 per cent, per iinnv.M on fuilv paid shares, which a'.e-.il) s CWO I lis Hid. and a furtiier payment of -Id ipc lb en all butter fat Mtji- !>!]<■ I during the \car, which amounts' to I'-ITi'i 'ss 4.1, leaving £SO 17s lid to he carried forward to mwl year, or to be otherwise dealt with. The payment fo- ilmt.tcr fat. including tbe further payment, would be. approximately. Hid per lb in 'addition to interest on s7,are=. It will be necessary to elect three directors. in place of Messrs.'Clothier. ( hapir;p.n and Smith, who retire by rotation, am;, being eligible, oiler theni'solves for re-eleetion. with the exception m" .Mr. Clec,,man, and also an audito l '. and to llx his remuneration. Mr. Mills again offers his services. An interesting extraordinary a. c;;l meeting will also be held to deal with notice of motion regarding alteration of articles of a-sociation. so a» lo provide IVr the number of directors being seven, instead of live, as at present.