TARIKI DAIRY COMPANY.
11th ANNUAL MEETING, There was an excellent attendance at the meetiiig held in the Tariki Hall on W odnesday evening. Mr W. V. Hark- »< ss presided. CHAIRMAN'S ADDRESS. In moving the adoption of the report and balance-sheet the chairman said it was difficult to make an accurate comparison with past years on account of Rug'by Road coming in. There had been an increase of 150 tons over last year. The grade last year was 91,8, and this year 90. This was accounted for by having cheese stored all over the place, but despite this it was only a point less. They had dropped to tenth on the test, but the difference in points was small, and the condition very good. It was satisfactory to see a settlement had been made with Rugby Road suppliers, and Mr Penwarden appointed manager there. The building at Rugby Road had cost a good deal more than anticipated. A .good deal of work had developed upon the directors, manager and secretary, but no serious hitch had occurred. The pay-out was very important: Is 3d had been paid, but with 3d to be paid at this meeting and another 31 to go to the Tariki suppliers. These prices were very satisfactory. He quoted the Daily News' report of Mr Marx's comment on the pay-out of the Eltham, Mangatoki and liaupokonui Co.'s, and thought they had done very well. Prices had continued good, but despite this they Had less cash to handle, the reason being on account of the cost of requisites going up. Rennett, boxes, salt, etc., had all advanced and wages were showing a big increase. He touched on, the storage question, and said also that the shipping outlook at present was worse than at this time last year, when they lntd twelve boat 3 whereas now they had only one in view. Concerning storage, the freezing company had increased the space, and Tariki would be required to take up extra shares. They had a good store at Moturoa, but in normal times if they kept on increasing, this would become a white elephant. . By taking up shares in the freezing works they were helping a branch of the industrv. The question was, whether they could get their stuff away; and if not, the storage would do weil, and £IO2O would bo required as Tariki's share. This would be money well invested. He mentioned how the cr&tes of cheese in a building had deteriorated 5 His in weight and that meant a good deal to the factory. They had last season adopted the method of selling cheese on the local market. This had proved very satisfactory, and this year they had also done well. He touched on the cost of production, and thought their staff had done very well. One factory was iindinar this working out at £4 3s per ton whereas Tariki was paying £3 'l2a. They did not bother about making whey cream into butter. The directors had considered the matter and' thought it was not opportune. Kaimata factory realised £853 for this commodity, a profit of £l6B being nwde. Against this, however, they required a man for seven months at £3 10s, making £55 for wages, and leaving £O3 for depreciation, boxes, paper, freezing, etc., so he did not tlunk they were losing much by allowing present things to continue. He then referred to the dried-milk question, and thought the Government should keep this steadily in view. There was little likelihood of it being manufactured during the war, the cost of machinery, etc.. being prohibitive. They had been told there was as much sugar-of-milk i>the milk as butter-fat, and the present price was stated to be 7s per lb, but they could not take much notice of that. The Government refund of the butterta» amounted to £B7 3s <sd. Regarding the timber question, the Egmont Box Co. had made many mistakes, but they had kept the prices down to Is lid when others were charging 2s 3d, which with freight brought it up to 2s 6d. Waikato firms were asking 3s. Their company would have 7,000,000 feet of timber and 2,000,000 at the close of the present year. This timber, white pine, was getting very scarce, and Australia was a keen competitor, paying up to 25s per 100 feet, and were using it for furniture, buildings, etc. In conclusion he said the freezing company desired they should take up 102 £lO shares, and he suggested that the payment of £IO2O (should bo spread over three years, and be made against the butter-fat 3d per lb. Air linowles seconded the motion for the adoption of the report.
THE DISCUSSION. Mr Byrne asked for details of the actual expense of the Rugby Road. It had been stated at £4OOO, but suppliers would like a detailed statement. The chairman said the Rugby Road suppliers were at all meetings held, and not one resolution was passed without their sanction. The company had put in water-power, but it was impossible in a balance-sheet to give all details. Mr Byrne persisted that suppliers did not care about putting their lianas in their pockets to pay out on the bald statement. The secretarj' then gave the details of all items. Tho principal were building £3OOO and plant £IOOO. Against this were the old property and plant making the figures as shown in the balancesheet. In replying to Mr Laurence the chairman stated they had given the manager, Mr Mcllroy, £SO to help his expenses in moving round attending to the factory business. He did not think the amount too much, and mentioned that according to the Factory Managers' Association a concern like Tariki should pay £375 per nnnum. In reply to Mr Hucker it ivas stated the manager's salary had been Taisod £25. Mr Hucker: Perhnps if they had raised it another £-25 (hev would not have had to pay car expenses. The balance-sheet and report was then adopted. DIRECTORS. The election of directors resulted as follows: For Tariki—Messrs Cowley 107, Harkness 9S. Hucker 08 Jemison 60 (elected), Jones 52. Rughv Road— Messrs Byrne Of!, Rumball 01, T.angman 37 (elected), ICendrick "J, AV.cst 28, Heal 13. SIDING WANTED. Mr Byrne brought up the question of getting a railway siding to Rugby Road. It would save a lot of work. They were paying about £3OO a year for cartage, and he thought it no harm to approach the Government on the matter. •The chairman could hold out no hope in the matter. Stratford A. and P. Axuockl.ion had tried for years to get
a siding but were unsuccessful, and they could hardly expect it at.Rugby Road. GENERAL. A resolution was carried that the company bo prepared to pay its share of cost of ascertaining particulars as to dried milk production and the directors be given power to act. It was resolved in future to hold the annual meeting in the daytime, and it possible in the first week in August. Hearty votes of thanks were recorded the staff for their work during the year, Mr Percival acknowledging the vote. The chairman was voted an honorarium of £2O, and in future directors aro to bo paid 10s for each meeting.
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Taranaki Daily News, 30 August 1918, Page 7
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1,202TARIKI DAIRY COMPANY. Taranaki Daily News, 30 August 1918, Page 7
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