BELL BLOCK DAIRY COMPANY.

Taranaki Daily News, 22 August 1917, Page 6

BELL BLOCK DAIRY COMPANY.

1 • ANNUAL MEETING. J The annual meeting of the Pell Block 1 Dairy Company wa* lit'ld lit the Hell j Block llall on NYeduesday evening. Mr. ]J. Ss. CoimuU, chairman of directors, I presiding mo ji large i.tccudar.cc of shareholders. The meeting was .of w <j;uet nature, || ANNUAL REPORT. .) The twenty-first -anmiai report con- , gra.tuh-.tcd the shareholders on the con- | tinned growth of the company and the ,|*>ueeessful result of .the twenty-first year's working. Although a. -dry iummcr was experienced, the 'butter-fat received showed an increase of 15,C881hs. The following was ■ a total of milk and batter-fat received: : Bell Block: Milk 7',031,350n>, butter-fat -2-19<«K>jt>, average test, 4.18. Hillsborough: Milk 3,377.03610, butter-fat 138, Ssolb, average test 4.1. Total:"Milk •10,408,38611), butter-fat 433,250n*, average 4.16. Following the shareholders* instructions the directors had written off the . fchecse factories out of the proceeds of cheese sales, thus putting the company in a very strong position. The price of cheese liad oeen 60 satisfactory that in 6pite of this heavy •wrilSng off, and the payment of a butter-fat tax of %d per pound, suppliers would receive an average of 20.06 per lb of butter-fat The. directors recommended that a promiuin of 10s per share be charged to all new shareholders.

After writing off the balance of cheese factories account, amounting to £l7lO 17s, and paying the butter-fat tax of £1225 176 2d, tlm profit and Joss account bliowb a credit balance of £9*258 7s IW, which the directors recommend be allocated as follows: Payment of the usual dividend of 6 per cent.-on" all capital paid to June 30, 1910, which amounts to £164 10b, and a further payment to suppliers of 5d per IE of butter-fat supplied making the average payment to suppliers equal to 20.06 per lb of butter-fat. The following statistics were also submitted:—.Cumber of suppliers, 1915 75, 1916 70, 1017 77 • milk received, 1915 0.2ti0,8461b, 1910 10,088,27 Mb, 1017 10,408,38Cib; cream received, 1915 131,7311b, 1016 29,0931b j average test, 1015, 4.17 per cent., 1916 4.02 per cent., 1917 4.15 per cent; butter made, 1015 505,5161b, 1916 150,6221b; butter-fat, 1915 425.7911b, 1916, 1H7,'5621b, 1917 433,2501b; over-run, 4916 18.72 per cent., 1916 19.17 per cent.; average price paid to suppliers, 1915 14d, 1916 17.94 d, 1917 20.06 d; cheese made, 1916 760,9151b, 1917 1,098,5101b; lb milk per lb cheese, 1916 9.251b, 1917 9.51b; lb cheese per lb butter-fat, 1910 2.011b, IW7 2.531b. The report was adopted. - ; : " ELECTION OF DIRECTORS. The retiring directors, Messrs Connett, Colson and H. C. Sampson, were re-elect-ed, and' Mr. J. H. Street was elected in placo of (Mr. Bundle, who has left the district. Mr. Tunbridge was re-elected auditor. Mr. W. Ogle was re-appointed cowtester* for the ensuing year. After a -big discussion it was decided that whereas in previous years the company has paid the testing fee, each owner sball in future pay 2s per year for .each cow tested. It was decided to increase the company's contribution for agricultural instruction to Is per ton of cheese and also to give the Bame amount to the Tarahaki Agricultural Society.