ARARATA DAIRY COMPANY.

Taranaki Daily News, 27 July 1918, Page 5

ARARATA DAIRY COMPANY.

ANNUAL MEETING. At the annual meeting of the Arsiala, Coi operative Dairy Company, Ltd., on Thursday, Sit. T. Winks presided. Tho ninth annual report stated, Inter aHai . "When last year's balance-sheet was published, the price of our first seven consignments of cheese had not been definitely settled. Finally, this was fixed at 123s por cwt., and tho extra proceeds enabled us to make a final payment of Is 0 19-20 d for the 191G-17 season. As you are aware, the Government purchased this season's output of cheese at lOd per lb, f.a.b., and thought the price is %d more than last season's, the altered conditions applying to storage and Insurance, added to the Increased cost of manufacture, would make this year's pay-out .only slightly better than last year's would have been, apart from tho extra price on consigned cheese. The undivided balance Is £3133 14s sd, and, after providing for 6 per cent. Interest on shares and payment of directors' fees, the balance will enable us to make a pay-out of Is 8 21/32 d for tho season." Tho following statistics wero attached to, the report: Pounds of milk received, 5,066,882; ■ pounds of butterfat, 194,351. Used for cheese-, making—Pounds of milk, 5,018,716; pounds i of butterfat, 102,228; cheese made (218 tons ;. 17cwts 3qrs. lClbs.), 490,3241b5; butter made! (starter, whey and creamery), 14,2521b5; poundsV of milk to lib cheese, 10.23; pounds of cheese : ' from lib butterfat, 2.55; average test, 3.83; cost of manufacture per lb cheese, .96d; cost of manufacture per lb. cheese (including depreciation), l.lld. 'i "( .?The chairman, In moving the adoption of \

, .vuuiiiiiuii, m u.*,...,„ ..,„ „„„„>„,„ „_ > ,)o report and balance-sheet, said that when ney took Into consideration the abnormal con- : dttlons proralllng, the position as disclosed by ! the balance-sheet must be considered very sutIsfactory. There waß the Increased cost of " manufacture, due to the Increase in the price of materials and labor, which would be a factor In decreasing their pay-out. There was'. also a smaller yield, the company having found j ■lt necessary tO|j)fl(keia firmer cheese, jictloß] on instructions from the Imperial Government, ] through the graders., Shico the balance-sheet I had been Issued the secretary had received a | 'letter from the West Coast ltefrlgcratlug Com-"* pany, ulvlnp; the company a rebate on tho.'</ storage charges, which would Increase their pay- * out to the extent of >4d or n little belter. 1 '' The motion was carried. ' Messrs. Dufßll and Gibson, architects, laid ' before the meeting a report and plans In con- i nectlon with a proposal to extend the factory, i

There wore eight Dominations for three ra- ' canclea on the board of dlroctors, and Messrs. v R. Smith, J. Urant, and G. Ogle were elected. ■

In reply to a Question the chairman said he had no information with regard to the dried milk business, and until ho had the necessary data to go upon he did not care to express an opinion on the matter. , A complaint was made by a shareholder that last season suppliers had received bad whey «* several occasions.

The chairmen explained that the manages was very careful In seeing that the tanks were kept thoroughly' clean, and on one occasion had scrubbed the tanks himself. It was very likely that the trouble was due to some of the farmers in not seeing that their own cans were kont clean.

At a meeting of directors subsequently Mr. T. A. Winks was re-elected chairman for tfa« ensuing year.—Star.