KAHUI ROAD DAIRY COMPANY.

Taranaki Daily News, 24 August 1917, Page 2

KAHUI ROAD DAIRY COMPANY.

ANNUAL meeting-. The onmi/il meeting of the Kahui Road Dairy Oompanv was held at Rahotn on Tuesday, when Mr. W. Flemingpresided over a fair attendance of sup°pliers. REPORT AND BALANCE-SHEET. T lie report showed: Milk received 2.073,t)62H>, butU'r-fat 50,7921b averase test 3.875, cheese made (less 2% per cent, shrinkage' allowed) 26o,fiSSlb, cheese to lb of butter-fat 2.5581b. milk used to lb of cheese 10.3421b. Advances averaging Is 3d per lb had been made during the season. There was a balanee of £1455 (is 7d (equal nearly to 4Vj.il butter-fat) ; £175 18s was set aside for .depreciation, leaving £ 1-201 - 2s 7d for payment of 5 per cent, interest on paid up capital and final payment at the rate of Md lit butter-fat. Additions and renewals of plant cost£4os t s f)d, ineluTifffn a new engine and the installation of a pasteurising plant. The balance-sheet showed receipts as £SO4 | l 1 fis 7d for cheese sold, whilst the charges amounted to £1233 0s 2d, and ,£.>o4!) 10s lid had been advanced to suppliers. i'lie repprt and balance-sheet were adopted. ELECTION' OP DIRECTORS, ■Messrs W. Fleming, H. F. Amiis, E. Dngsaii, W. J. Larking and T. Willcox were elected directors, the first four being re-elected. Mr. J. M. Sharpe. the other retiring director, was nominated, out withdraw, I

Mr. J-)ugh Bailv was re-elected auditor. Heming was re-elected chairman.