MANUTAHI DAIRY COMPANY.

Taranaki Daily News, 24 August 1918, Page 2

MANUTAHI DAIRY COMPANY.

AXNLTAL AlKE'ri^G. The ninth annual meeting of shareholders of the Jfanutahi Co-op. Dairy Co., Ltd., was held on Wednesday. There was a fair attendance, and Air :S. C. Tonics, chairman of directors, presided. The annual report slated, inter alia, as follows:

The advance received from the Imperial Government on the cheese has enabled the directors to pay to the suppliers Is fid per lb for butter-fat supplied to the end of the season just closed, an* after providing for depreciation and placing; £l5O to a reserve for the store, the balance standing to the credit of appropriation account. £SBOI '2s (id (which includes ;C2GS 10s 5(1 net profit from the store) will enable your directors to make a further payment of 4%d per lb butterfat over the season.

The following statistics for the vear IPI7-1S were attached to the report.- Lbs. milk, 7,880,337: lbs bntterfat, 20.1,103; lbs cheese, 772,024; lbs milk to lb cheese, 10.10!); lbs cheese to lb butter-fat, •2.G38.; cheese test. 3.73-2; weight of choose, 3>M tons IS cwt. 1 qr. 20 lbs; weight butter—whey 8 tons 10 cwt., creamery 1 ton 10 cwt. 2 qrs. 241bs. The chairman, in moving the adaption of the report and balance-sheet, congratulated the shareholders upon having had another successful year. While it was jnot a record season, it was an excellent one for quantity, quality and price. The quantity of tho output, showed some decrease, but the price for their product compared verv favorablv with their neighbouring factories. Considering the increase in the cost of manufacture and labor tlie past season must he considered very satisfactory. It might be asked whv it was that the price received was 2d lb less than in the previous year, but he might point out thai, in ihe past season the eompa.ny had had to pay all the charges, while in the previous sea.son this was not so The qualitv of their cheese was again excellent Out of 4708 crates the company had onlv 10 second grade, and of 3)0 boxes of whey butter they .had only three boxes of second grade. This was indeed very gratifying to the directors and shareholders. Th.-i store had fullv justified the cowipnnv in undertaking ibe enterprise, and it would be seen bv the balance-sheet that £l5O hail been placed to reserve for the store- There had been a large increase in the cost of requisites, which was due to the albnor*ifl! time?. He explained in detail the different items in the balance-sheet. ! Air C. Geary seconded the motion, ! •vhieli. after a brief discussion, was ; carried.

Messrs. Tf. S. TT. Hamilton. A. T\. Wills and S. McDonald were elected to ihe vacancies on the board of- directors. The chairman was voted an honorarium of ;Gso-

At r meeting of directors subsequently Mr Toul-s was re-elected cTia/irnran for the ensuing year.—Star.