DAIRY MEETINGS.

Taranaki Daily News, 14 August 1918, Page 6

DAIRY MEETINGS.

TIKORANGI DAIRY COMPANY The twenty-lliird annual meeting of the Tikorangi Dairy Company was hold yesterday afternoon, Mr. C I'oi'-'UiUD, chairman ol' directors, presiding. CHAIRMAN'S SfATEMENT. Tiie chairman, in moving the adoption of the report (already published) and balance-sheet, said [hey had had a veally good year, notwithstanding the dry season. The aiiioiiiii, of butter produced was within 3A tuns of that of the previous year. The milk supply had increased bv SlljOQOlb, but t.iio cream supply h--d decreased by 37.0001b; but the test had been higher than previously. The year's expenses had slightly increased, but that was due to tho ;n----creased cost of storage. The item of ,1*147 lis 4d for insurance was unusual, but as the produce had to be stored and eould not be sold as previously at a f.o.'n. price, the insurance was essential. However, all the factory repairs had been carried out by tho -manager, and no skilled labor had been engaged. He referred to the appeal on behalf of the King George Fund for widows and children of men of the mercantile marine, and also that of the New Plymouth Women's Patriotic Committee, to whom they had sent a box of butter. 'xfte amount written off for depreciation was 5 per cent. Something over £BO had been expended in connection with casein plant, and in consequence of that work the manager had been granted an extra £2O, and the assistant had received an increase of 53 per week. A drain that had been necessary in connection with the work had cost £lB. He referred to the fact that in all probability it would be necessary to increase the share capital of the company. In consequence of the necessity of providing increased storage accommodation, the company had had to take up nn additional Gfi shares in the Jloturoa Freezing Company. Ho thought, taking everything into consideration, the company had had a very successful year, and he had pleasure in moving the adoption of the report and balance-sheet. The motion was seconded by Mr. JT. Kcbinson and carried. ELECTION' OF DIRECTORS. Mr. George E. Wills, who retired by rotation, was re-elected. In place of Messrs D. Alexander and J. Allen, who resigned near the end of the financial year, Messrs J. Foreman, jun., and C. Sort en were elected. Mr, A. J. Tunbridge was re-elected auditor. GENERAL. Mr. H. Hicks, speaking for the cream suppliers, said lie thought they should get more than was paid for milk. There I were advantages to the company in I securing just the cream, which the manager could deal with at his leisure. There was the precedent of North Taranaki, where %d per pound more was paid for cream. He moved that cream suppliers be paid y',<t per pound more than milk suppliers. Mr. Whitehead seconded, but expressed the opinion that the motion should be matte a recommendation to the directors. He considered the but-ter-fat from cream was worth a little more than that from milk. Referring to the Xr.rth Taranaki payment of ] /,d per pound extra, he said that only spplied to suppliers within a certain radius. He did not believe in that, as if the cream arrived at the factory in . good condition it did not matter if it came a distance of 10 miles. Subsequently the motion was amended as suggested and carried by a large majority. Mr. O'Carroll suggested that Ihe allowance paid to the directors should be increased. He s,\id the amount ■*t present paid did not represent the price of the labor of a Chinese coolie. He also thought the secretary's salary should be increased. Mr. West moved and Mr. J. Foreman seconded, that the secretary's salary be increased to £IOO. It was pointed out that the secretary had had no increase on account of the casein work. The motion was carried unanimously. Mr Hine, in returning thanks, said he appreciated the vote by tile meeting. He had from the beginning received the most courteous treatment from the directors. He would always do his best to promote the interests of the company. It was subsequently resolved, on the motion of Messrs Robinson and Griiftths, to increase the allowance to directors to 10s 6d per meeting. Mr. O'Carroll moved and Mr. Robinson seconded, that the chairman be voted an 'honorarium of £SO. The motion was carried, and Mr. Foreman suitably replied. On the motion of Messrs Hocks and H. H. Jury, it was resolved that the necessary steps be taken to increase tho share capital of the company. At a subsequent meeting of directors, Mr. C. Foreman was re-elected chair : ma a. JVATCOITOI DAIE.Y COMPANY* The annual meeting of shareholders of the Waitoitoi. Dairy Company wa« held at the factory on Wednesday (August 7). An attendance of practically all the shareholders was presided over 'by Mr J. H. Phillips (chairman of directors). The report for the year ended; June 30 stated: "The milk received, for cheese making was 3,573,1831b-, aa increase "of 42,}6;iib. Butter was made during the later part of June- The dieefw made was :>U7,0001 | b. These aTc factory weights off which there is the ".usual 2% per cent shrinkage allowance, and an average of about 1 per cent additional loss through having to hold the cheese so long at the factory. The lb milk per Tb cheese average OAS, and lib cheese per lb but-ter-fat 2.634; average test 3.0. The grading of the cheese shows that the quality is well maintained, the average grade (being 90:23. The whey (butter grafted second highest at .Moturoa, with S7.fi! points. After writing off £971 10s fld for depreciation, the profit and loss acpounit shows a credit ibalanco of .t3OO- - lid whiiib lie directors recommend lie allocated to- suppliers by a further t) ay mint of 5u per" lb of ibutter-fat supplied for cheese malting, Stringing tfc« total payment- ir> Is M per fi>. Threepence per ft. to we paid at the annual meeting, and the balantu when the cheese is stopped. £IOO is to be carried to the reserve account. Pitting the year yon •have had to pay lip the 'balance on-youi ■first -20 shares, and take up 20 more shares of £lO each in the Taranaiki Pro dusers' Freezing Couvpanv. I/united, tc provide storage for dairy produce. Tin company lias now to take up an addi tiopftMS iQO ■

needs of the coming season- Even with the proposed additional storage the position is one that gives cause for serious thought" The report and balance sheet were adpoted, on the motion of the chairman, without discussion. The retiring directors (Messrs B. Sutton. A. Smith and E. J. Cannon) were re-elected and Jlr. V. Spurr was elected to replace Air. S. Sutton, who had left the district. i Mr. A. J. Tunbridge was elected auditor. Tho shareholders insi rutted the director to set aside £4OO out of the next year's accounts a« a reserve to meet expend it ure in connection with new freezing company shares. 'Bonuses were voted to t:>.« Eta IT as follows: Jiaiiager £i>: secretary £10; butter-maker and The chairman was voted an honorarium of £lO. At a subsequent meeting of directors Mr *J. Phillip* was re-elected chairnun. MAKETAWA DAIRY COMPANY. The following report of tho Maketawa Dairy Factory Company, Limited states: The quantity of bulter made was 131 tons 11 cwt 0 qrr. 20 lbs. The surplus amounts to £.">,013 Ss 111. out of which a payment of 2d per lb of 'butterfat supplied—August to June inclu-ive. has been made—£2.o.s3 7s 3d. A further payment of Id on August-June supply, amounting to £',020 13s 7d, will be made at the meeting, making a total so far of 15d. The balance on c-aseiu will also be then paid out. The directors recommend that the sum of £l5O be set aside to cover payments which have heen made on 30 shares in the Freezing Works, and a further payment can then he made to Factory suppliers of 2.3d, and to creamery suppliers of 2.22 d for the season, amounting to £2.345 7s sd. which will leave the sum of £GS 0s Gd to carry forward. It is expected that further payments will be made by the Imperial Goevrnmcnt on the butter purchased last season. Suppliers for casein have already received 2d per li> of butter-fat and a further two-fifths of a penny is now due to them. Increased cool storage accommodation -being absolutely necessary, 30 more shares in the Frezing Works were taken up in December of last year. 'Still further cool storage being required another lot of HO shares have been applied for and you will be asked to sanction some method of providing the money to pay for these share s (£000) during the next twelve months. Provision will have to •be made also for paying for the rebuilding of the manager's cottage at the creamery which was burnt down on 29th April last. Lbs of milk received 5.738,-155, lbs of cream received 18,110, lbs of butter-fat 240.779,204, lbs of butter made 294.892. ■butter in lE> butter-fat, 1.179. average test, milk 4.'J3, average isst, cream 9.38. KAIMATA. The annual report <■•? the Kainiata Dairy Company is Miows:— The amount of cheese made during the twelve months amounted to 315 tons Ifi cwt Iqr 211b. Out of the surplus of £9009 i7s Id, payments have been made totalling £4535 14s Id, bringing the total payments on butter-fat up to Is Cd per pound, and leaving a. balance of £4534 3s 9d, which will allow of another 4d being paid out as the cheese gets away and the money conies (o band. This is subject to the estimates proving approximately correct. Owing to increased storage accommodation bejn£ urgently required, 2S more shares were taken up in the Taranaki Producers' Freezing Works Company last season, and recently 52 additional shares were applied for. Your directors have set asiije %d per pound of butter-fat on last season's supply to pay for the 2S shares*, and you will be asked to sanction some scheme to provide the money for the 52 shares (£520) during the next twelve months. Statistics.—Cheese, 707,4411b; whey butter. 13,5331b; butter, ISSIb; milk, G,G4G,0291b: butter-fai. 20B.0ROlb; average test. 4.03; pounds of milk tr> lib cheese, 9.4; pounds of cheese to lib but-ter-fat, 2.G4.