T. L JOLL DAIRY COMPANY.

Taranaki Daily News, 25 August 1915, Page 7

T. L JOLL DAIRY COMPANY.

The annual meeting of shareholders of the T. L, Joll Dairy Company will be held at Kapuni to-day, when the following report will be submitted: —After writing off the sum of £1,200 03 lOd for all round depreciation, there remains a balance to the credit .of the appropriation account amounting to £20,418,14 a 4d. From this the directors recommend cd-that!-A-'furtihei'e jja.viv.ent of 2%rt per, lb be made to suppliers pro rata oft/all; butterfat supplied throughout the year, and also that a dividend at the rate, of 5 per cent, per annum be paid to shajfoholders on all fully paid up shares. These •payments would absorb the-turn of £20,000 Is 4d, leaving a balance of £4lB 1.35, whioh.it.was proposed to carry forward to the credit of next years , account. The retiring directors are Messrs F. Lye, J. W. Paterson, andT. Walsh, all of whom are eligible and offer themselves for re-election. They will bo asked to appoint an au'ditor, Mr. W. O'Callaghan again offering his services. . Statistics for the season were as follows:—Milk received 40,M5,ft79 lbs; but--1 terfafc 1,693,088 lbs; average test 3.07 I per cent.; cheese manufactured 4,177,824 |lb 3 (18(15 tons 2cwt.); butter mamifacJ tured 113,75:0 lbs (50 tons loewt. 2qrs.); I yield of cheese per lb of fat 2.00 lbs; milk to lib of cheese 10.27 lbs; milk to 1 lb of butter 22.21 lbs; over-run (butter) H 5.32 per cent.; average pay-out f»r season per lb of butterfat US.7s<l; aver- ! ago pay-out for season per lb of butterfat (including interest) 18.84(1. Tho balance-sheet showed that cheese to the value of £141,543 17s 3d and butter to the value or £12,674 \% 3 od had been manufactured. Manufacturing charges had amounted to £12,310 5s 3d, trade chargoa £4lO (is Od. export charges £11,388 lfis lid. and general charges £1734 9s Id (including repairs and renewals £1490 5s 2d). Buildings were valued at £BOIB Ms, less depreciation £430 10s, and plant £7254 log 1 lOd, less depreciation £640 15s lOd,