DAIRY COMPANY MEETINGS.

Taranaki Daily News, 13 August 1918, Page 3

DAIRY COMPANY MEETINGS.

TIKORANGI. The annual report or the Tikwangi ■Dairy Company to .be presented at the annual meeting to-day is as follows: At the outset the business of tho company was adversely affected by the fact that the terms of purchase of Now Zealand butter by the 'lmperial authorities not. completed, and our financial position was seriously strained until late in November when an advance naain-', produce in cold store was made by (lie Dominion Government. Your directors, however, were able to make such financial arrangements which, coupled with their decision to engage as larirelv as possible in the local trade, enabled them to make substantial monthly advances, which, as the season progressed, icere raised to Is 3d per pound of fat, and supplementary payments were also made for September-January, bringin; those months tip to the same level, '"in addition to this, 2d per pound was advanced on fat from milk used in the manufacture of casein, which was commenced early in December. This innovation entailed considerable extra work on your manager, and, unfortunately, almost immediately the butter-maker (Mr. Jones) had to relinguish his duties owing to ill-health. Efforts were made to obtain a competent, assistant, but none offered, and Mr. Garner was compelled by circumstance's to struggle along with only the assistance of two unskilled youths until the beginning of February, when Mr. Bovis was engaged. Misfortune still attended us, as directly after thi s appointment was made Mrs Boris was seized with a prolonged illness, which, ultimately proved fatal, and, of course, necessitated the frequent absence from duty of Mr. Bovis. Notwithstanding all these difficulties, Mr. Garner has "succeeded in obtaining results surpassing expectations, and that he has consistently made a high-grade article is proved by the fact that he stood second on the list for butter graded at Mofuroa, averting 02.52 points, and he also secured three third prizes for butter at the late -New Plymouth AVinter Show. we have also had intimation from the Casein Company that the Tikoran"! casein is amongst the very best received -Next in importance to the quality of outproduce is quantity, and in this respect the results are equally good, the average m.lk test being 4.03, o? .09 higher last year, whilst the over-run'is is nor cent. * During (he season, Mr. Gamer was called tip for medical re-examination ann boarded CI. but as he had previously repcatedly enlisted, and been rejected' and in view of hi., work as manager and the almost certain failure to satisfactorily replace him, your directors unanimously decided to appeal, and he was granted sine die exemption on the usual conditions. The foregoing will probably give member, some shght idea of the difficulties ' ? ! " c V ve I,aVft bee " ™* that tHej have been successfully .surinounied « proved by the fact that the work , Z a i^/ h -T™ , a "««* balance of -•"<•> -is ~i, which your directors nroposetc.utilise by paying another 3 -M /»d on fat for casein bringing the advances made for fat and°calein eel « Is 8 7-12 d per pound. J-nere is a considerable sum ret to be ; rece,vcd on account of profits made b the Imperial authorities on tho sale 0 New Zealand butter in England, and ako a further probable payment of £5 per ton on casein. These amounts ™ nerease the combined net value of but" 1 r- at to over Is lOd per pound. Just a the close of the financial year, Messrs Alexander and Allen resigned th ir p os i ions on the directorate, and, in vew of he near approach of the general meet 'ig the remaining directors refrained rom exercising their power to fil the acanc.es. Mr. George E. Will, a]?o " r t-by rotation, but is eligible for rl ceS^toit s 2 7s3,l,;rainwik i ' ; 4UID > butter made. 335Q77 te faffT ftt ir ° m D ' ilk ' 212,005tb ; but-tcr-tat from cream, 75,21 Gib.