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MIDHIRST DAIRY CO.

ANNUAL MEETING. The annual meeting of suppliers to the Jlidhirst Dairy Company was held in. the Midhirst Public Hull yesterday afterneon, when Mr, W. Skedgwell, chairman or directors, presided over an attendance ol about 150 shareholders.

ANNUAL REPORT. The twenty-first annual report showed the operations of the company to lie as follows, last year's figures being placed in parentheses for comparison:—Mill.- received. 43,075,0201b (30,144,0111b); average test, 4.0 (4.0); fat, 1,778,0581b, and Si3olb from cream (1,573.8111b); butter 2,nnf1,8551b (1,504,4531b); over-run, 17.47 (IS). Tlie balance-sheet showed a surplus of £22,130 lis Od, which sufficed to make a further payment of 3d over the whol,. of the butter-fat for the season, with the exception of the June month. The suppliers will then have been paid as follows:—June, 17d. Julv 21d, August H>'/,d, September 18d, October to January (inclusive) lOd, and February to May (inclusive) lid; average, payment for season, 10.03 d; cost of manufacture, .Old; number of suppliers. 203. The balance-sheet showed that the total buttcr sales and on stock was £134,326 os Od.

CHAIRMAN'S ADDRESS. In moving the adoption of the report the chairman congratulated the 'company on a record season, both as regards the price obtained for the butter and the large increase in the output of 105 tons; showing a marked improvement in the methods of fanning and the management of the herds. During the season two schemes had been placed before them, namely, dried milk and casein. The dried milk proposal strongly appealed to the directors, and the question flas gone into very thoroughly, but at the final stages, when the contract was placed before the directorate, the conditions and restrictions were such that the proposal could not be recommended'to the shareholders. Regarding casein, at the moment, this had a much better outlook, and all information as to prospects, price and cost of installation of plant was being gathered, with a view of placing it before the shareholders at an early date. In regard to the Stanley Eoail creamery, the supply was so small that the directors decided to close it, but on n deputation waiting on the directors the creamery was sold to the suppliers. The directors bad also replaced the liorse waggon by purchasing a motor waggon at a cost of £BIO. This would be delivered next week.

Mr. Bloxam seconded the motion. In reply to Mr. J. Kendrick, the chairman said it would probably be necessary to purchase another motor waggon shortly. At present it was not proposed to send the motor-waggon through the toll-gate. To Mr. Pearson, the chairman stated that the company held 33-29 shares in the Box Company, of which £271 12s was not paid up. Owing to the increased output the company would have to. lake up an additional 400 odd shares. In the freezing work.-, the company held 1004 shares, against which there was a liability of £2ll Ss. He stated that the company would soon have to consider increasing its share capital. Mr. Sangster objected to the eoinpmiy being bled to feed suppliers who were able to supply milk in winter. Those at a distance were debarred from supplying in winter. He held that butter made in May, June, and July should be paid out just what it made, and should not participate in the bonus. The chairman agreed. He stated that it had been the practice of the compusy to encourage winter milking. A supplier asked if it was right that the main factory suppliers should have to bear a share cf the cost of carting the milk from the creameries.

Mr. Sholter said this was the principle of co-operation. To a supplier the secretary said that t',ie creamery suppliers would not have to share the cost of the casein plant. Objection was made by Mr. Ferguson to the directors consigning half their liutter salted, when saltless butter was fetching the better price. The chairman explained that tile directors were acting on the advice of their agent. After a little further discussion the report was adopted.

*v SHOW BUTTER,

Mr. T. Cuthbert asked how it was that the company had not taken any prizes during' the past few years. Jn reply to Mr. Cuthbert the- manager stated that the factory was well established and did not require to compete at shows.

Members generally considered that no advantage was to be, derived from exhibiting. COW-TESTING,

Mr. E. Kirkwood moved that all individual cow-testing be made a charge against the working expenses of the Company. He pointed out that since this had been introduced at Kaupokonui, the number of cows tested had increased from 10(10 to 3(100. Some suppliers had been enabled to reduce tlieir herds by 25 per cent., without reducing the butter-fat delivered. Mr. Summers seconded. Tlie discussion generally was unfavorable to the motion, which was lost. THE CARE OP MILK. Mr. T. Cuthbert moved that in future, the Company do not receive at any of its creameries, milk from cows that have been fed on turnips. The motion lapsed. A further motion by Mr. Cuthbert, that all milk stands' he covered and built no as to have a southern exposure, was seconded by Mr. l'abish and lost. MANUFACTURE OF RENNET.

Tn connection with the supply of veils for the manufacture of rennet, Mr. W. Richards', chairman of the Cardiff Hairy Company, pointed out that one of the articles "of the proposed Company was to the effect that rennet would only be supplied in proportion to the veils supplied. As one veil would only make sufficient to make uue cow's milk into cheese for the .season, it would lie hard on cheese factory suppliers to have to kill every calf, and he asked the cooperation of the suppliers to the Midhirst Dairy Co. It was certain that if chee'se factories could not get rennet, they would have to make butter. Cardiff, he suid, would be prepared to pay the highest price for-the veils. 'Die chairman considered that they should do what they could to assist cheese factories. During a favorable discussion, it was stated that Is fld each would be-paid for the veils. On the motion of Messrs. Kcndriek and Susans, it was resolved to give Cardiff every -upport,

THE STORE. Mr. Wellington considered that the time had arrived when the store should extend its operations, and he moved in that direction. The chairman pointed out'that to do So would require additional capital. Some discussion ensued, after which the motion was lost. MANUFACTURE OF CASEIN. The question of the manufacture of casein was then discussed. Mr. Phil Nathan addressed the meeting at some length, showing that the uses to which casein could be put were growing He stated that a three years' contract for casein could be secured at £55 per ton c.i.f. London. After the war, lie considered, that butter, pins casein, would pay better than cheese. The price offered by the Casein Company, viz., £32 I.ls 4d should pay the suppliers 2d per lb butter fat, providing their expenses were not much heavier than at Palmerslon North. Mr. Shelter said.that casein was now quoted at £SO 5s per ton on the London market. On the price they had been offered, that left a margin of'about £4o', which on their output" would be about 000 tons, meaning a loss of £24,000. He favored the establishment of drying plants of their own. He understood that they could instal green plants at each creamery for an outlay of £3OOO and a drying plant for ail additional £3OOO, but even if it cost £IO,OOO the money would be well spent. On the motion of Messrs. Mills and Susans, it was resolved that it be a recommendation, to the directors to go further into the question of casein prospects and when they arc satisfied, to call a meeting of suppliers to consider the best means of raising the necessary capital to enable the company to equip all its creameries with the necessary plant, ELECTIONS. Mr. T. 11. Penn was re-eleeted auditor. For the four vacancies on the directorate, caused by the deatli of Mr John Jago, and the retirement by rotation of Messrs W. Skedgewell, w! J. Wellington and August Uhlcnberg, there were eight candidates. Mr E. Kirkwood was appointed returning officer and Messrs. R. Susans, F. Schumacker and P. H. Wellington scrutineers. The election resulted: W. J. Wellington (iIS, Wm. Skedgewell 001, Geo. Sangster 319, P. .1. Petersen 474 (elected); August TJlilenber.g 285, Lowry Baskin 244, W. J. Kendrick 233, Harold Kirkby 158. GENERAL. Messrs E. Jackson (president) and R. Masters addressed the meeting in connection with the canvass for members for the Stratford A. and P. Association. The former referred to the good work that the Association had done, whilst the latter stressed the need for increasing the membership from 700 to 1000, so as to establish the Association on a sound financial basis. Mr. Stanley (secretary) was present, and secured a number of members. The question of the Company's contribution to the Patriotic Fund was touched on. The chairman stated that last year's contraction totalled £OOO. This expired in May. Members pointed out that suppliers were now liable for taxation to the extent of 45 per cent., and must guard against giving donations and being taxed afterwards. CHAIRMAN OF DIRECTORS. At a subsequent meeting of directors, lh: Skedgewell was re-elected chairman.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TDN19160725.2.12

Bibliographic details
Ngā taipitopito pukapuka

Taranaki Daily News, 25 July 1916, Page 3

Word count
Tapeke kupu
1,555

MIDHIRST DAIRY CO. Taranaki Daily News, 25 July 1916, Page 3

MIDHIRST DAIRY CO. Taranaki Daily News, 25 July 1916, Page 3

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