AWATUNA DAIRY COMPANY.

Taranaki Daily News, 20 September 1916, Page 3

AWATUNA DAIRY COMPANY.

AXXUA'L MEETING. The annual general meeting of shareholders in the above company was held in the Te Kiri Hall on Saturday. Mr. S R. Farquhar (chairman uf directors) presiding over an attendance of about forty. The directors' report stated:—Cheesemaking commenced on September J, and the export output was again consigned to Messrs J. and .T. Lonsdale and Co., Ltd., on satisfactory terms. Local butter was consigned to Messrs ,T. B. MaeKwan ami Co., and good prices, according to market conditions, were realised. The curing-room lias in every way come up to expectations. There is a proposal to amalgamate the South Taranaki Bacon Company with Dimock's and other bacon companies, which we believe will be to the advantage of the industry. Your directors have decided to write off as usual 10 per cent, depreciation, the amount being £(!:'!! lis !)d, leaving a balance of £libl7 Is Id. Til is will be absorbed in the piyment of interest (£332 fis Cd) and a further payment of 2'/;d per lb butter-fat—September 1 to Maa' 31—amounting to £11203 13s, leaving a balance of £IOB 12s to be carried forward. In ,formally moving the adoption of the report and balance-sheet, the chairman gave it as his opinion, and speaking as a director of the lilthain Bacon Co., that the amalgamation would ultimately be. in the best interests of the producer. Dimoek's had the organisation and plant, and although producers must not expect to see the prices which had obtained last year, shareholders would participate in whatever bonus the pork realised, and they must remember, too, that the new concern would be run on co-operative principles. In the immediate past a higher price was being paid for pigs than was justified by tiie price of polk, but such competition nu\st sooner or later cease, so that in the end the one concern with its complete organisation and lesser cost of management would give the best results to the big producer. The three retiring directors (Messrs A. Coilins. C. A. Woolford and 1\ Tindlc) offered themselves for re-election. In addition Mr. C. IT. Hurst was also nominated. A ballot resulted as follows: Woolford 2(10. Collins 255, Tindlo 233, and Ilurst 194. The first three were, therefore, duly declared elected. Mr. A. 11. Moore, of Opunake, was reelected auditor.

The chairman mentioned that he had been asked to bring 'before the meeting the question of the continuance of their contribution to . the Now Plymouth Technical College for agrieulutral instruction. Mr. Gray was not able to attend personally, and so asked one of the directors to ask tile directors whether they would continue their contribution for another three years. The annual cost to the factory was about £l7, and lie would like shareholders to express their opinions candidly and freely as to whether thej had benefited from this instruction or not. Mr. Bourke did not think that they cculd go far wrong in going- on with this instruction. lie considered Mr. Sergei a. good man, who could teach them a lot; he had followed his lectures and had received a considerable benefit from them, and he was certain that those who followed out his experiments were going to come out on top, The lectures were not well attended, but Mr. Sergei had a number of followers who were enthusiastic about his methods. He moved that the contribution of sixpence per ton of cheese produced 'be continued for a further term of three years.—Mr. Hurst considered that the principle of agricultural instruction was right, but ho thought that now that Hajvera was included in the Taranaki Education Board they might try and get the "benefit of Mr. I>. A. Browne's services. He did not know ilr. Sergei, but lie did know that Mr. Browne was the class of man they wanted.—ln a general discussion there were mixed feelings as to whether shareholders had received any practical instruction or not, and the motion, 011 being put to the vote, was negatived by 1!) votes to 17.. Mr. Harrison moved that it be a recommendation to t'lie directors to go into the <|uestion of forming a herd-test-ing association. —The chairman pointed out that this was a big question, and the factory would have to provide the salary of a milk-tester, costing at least X'2~>o a year, if they went in for herdtesting. However, the directors would go carefully into the matter. Mr. Zfooinbridjje moved that it be a recommendation to the directors that the company keep a sufficient supply of sulphuric acid for the heneiit of suppliers who were doing their own tosting. In reply to a question the chairman said that it was impossible to heat the whey at the Taungatara factory.—Mr. Collins pointed out that at present they were working only four vats and one stage, and it was only in tire first two months of the season that they really wanted the whey heated, and he was of opinion that it could :ertainlj be done at Awatuna and at Taungatara, tooAbridged from Star.

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