OMATA DAIRY COMPANY.

Taranaki Daily News, 6 August 1917, Page 8

OMATA DAIRY COMPANY.

ANNUAL MEETING. The eighteenth annual meeting of the Oinata Hairy Company was hcM in the Soldiers' Chit) voom on .Salnrda.v, Mr. W. J. McKee, chairman of directors, pnn-.ul-inji over nn attendance of shareholders and suppliers.

REPORT. The report' stated that a payment of Is fid per lb butlerfat had already been made, and it was proposed to make a further payment of )d per lb buttorfai, to be made as soon after the annual meeting as finances would permit, which will absorb £SOI 0s 4(1. and leave £2O 12s 5d to be earrftd forward or otherwise dealt with. The expenditure in renewal of plant, etc., bad been very heavy during the year, but the plants and creameries of tiic company w ere now in good condition. £3GO had been placed to the reserve fund, instead of writing off further depreciation as customary.

Number of suppliers. 81. llilk received. —Hurford Road. 1,024,5541b5: butterfat, 42.r,f5 ilbs; average test, 4.15. Koru: 4fll,S'.Wll>s; bulUrfat, 21.4021b5; average test,, 4.:iC. Oakura: 030,0471b5; butterfat, 37.»G01bi5; average test, 4.08. Total: 2,44(i.0001b5; butterfat, 101.!'7Glbs; average test, 4.17. Cream received: —Barrett Road and Spotswood: S2,2(j3lbs; butterfat, 30,010 lbs; average test, 37. lltirfonl Roait factory: 5G,2331b5: butterfat, lfl.OIGlbs; average test, 35. Koru and Oakura carts: 113,3371b5; butterfat, 40.12011)3; average test, 3.). Total: 2.>l.Sn.ilbs: butterfat" 90,1701b.'; average test, 35.0 G.

BuUcrfat, l&2.:i"j2U>«; butter, 222.040 lbs; butler per lb: of butterfat. UOlb; average price per lb received for butter, 19.4 d; cost of manufacture per lb (inc. depreciation and all expenses), 2.3d; average price per lb butterfat paid out, 19d; average grade, 90.73.

CHAIRMAN'S ADDRESS. The chairman, in moving the adoption of the report and balance-sheet, complimented suppliers Oil the position of the company, and stated that this was entirely due to the care and attenlion given by the directors to the selling of the comjf.uy's butter. No opportunity of effecting a sale had been missed, which left them in the position of having realised practically their entire output. He explained that during the sca=on the water supply at the main factory had again failed,' causing unusual expense in temporary power, but the directors had taken the opportunity to instal an entirely new water wheel and fluming. Additional plant had been installed wherever necessary. The directors lwd within the previous few days gone exhaustively into the question of the water power, and thought that at a moderate expenditure it could be made ample for all requirements. He warned suppliers that the prospects for the coming season weTe, as they all knew, not too good, and that, while'the directors had in the past been able to arrange to keep i»e pay-outs to a high figure, it was quite probable that they might have to email the payment in the forthcoming season. After numerous questions had Veil asked and answered, the motion was carried. DIRECTORS.

The retiring directors, Messrs Jesse Jury and fi. Sponce, were rc-olpc-led unopposed. There were seven other nominations, but all the nominees decline*! to stand. Mr. T. Mills was re-clcctcd auditor. On the motion of Messrs C. Mace anil G. Bell the chairman was voted an additional honorarium of £lO. ELECTION OF CHAIRMAN. At the subsequent meeting of directors Mr. \V. J. McKec was re-elected chairman of directors.