DAIRY COMPANIES.

Taranaki Daily News, 25 August 1919, Page 2

DAIRY COMPANIES.

CARDIFF. The twenty-eighth annual report stated:— The new factory, which was admittedly one nt the bent In the Dominion, was opened on October 1, and, having regard to the unavoidable loss of two months' milk, the result of the season's working must he regarded as satisfactory. Payments tor butter-fat totalled la (id per Hi, and the balance of working accomm would give fiilly 2d more, making. Is lid, if the estimate of tile proceeds of cheese still lying in store proves correct. t'liecseuniKlng:—Lbs milk, 6,165,254; overape teat, :i iir,; Ihs fat, 2411,010; lbs cheese I'aitr.vy weight, <i'M,H3O; lit whey butter, llV.'S'j; lbs milk io lib cheese, I).DO; lbs ehoeaa to 1 lb butter-fat, 2 65. ALTON. At the tenth annual meeting of shareholders of tliu Alloii Co-op. Dairy Co. Mr. A. I. (Ilhlis (chairman of directors) presiding, the di-.octors' report slated the iinal payment for (lie 1917-18 season was Is 10>J,d. Payments! have been made for the past season of la (id nor 11) butter.fat, leaving a balance at credit of appropriation account, of £7504 .6s Id. The pi'cfii on Ilia store account amounts to £425 .'is sd. The directors recommended that £IBJI Bs. together with the depreciation on storo htiildings, bo placed to the store repayment account, and the balance carried forward. The following statistics were attached to the it-port. Hie figures for last year being In parentheses: Lbs milk, 8,r.56,406 (8,1)39,721); lbs butter-fat. .'W0,185 (331,781) ; lbs choose, 872,075 (802,162); milk to cheese, 9 J (10.12); cheese to butter-fat, 2.0;t (2.G10) ; average test, ItO.'l (3 71); weight of cheese 389 tons flewt lqr 151b (384 tons 17c\vt 3qr .14lb>; lhp butter, 8521 (6502); lbs whey butter, 15,843 (19,600).' KAKARAMEA. The eighth annual meeting of shareholders of the Kal:sramea Co-op. Dairy Co , Ltd., was held on Thursday, Mr. A. Tcarcc, chairman of directors, presiding over an attendance of about thirty shareholders. The directors' report was as follows: The balance to credit of Appropriation Account will on realisation allow of a further payment of 7d per lb for butter-fat supplied, making the total payment for the year la lid. The following slatlstlca were attached to the report: Lbs .milk, 5,762,402; lbs butter-fat, :!H!,652; lbs cheese, 578,404; average lest, 3 76; His milk to lb cheese, 9.98; lbs cheese to lb butter-fat, 2 67; cheese manufactured, 2'B tons 4CM Stirs 121 hj; lbs whey butter, 7f36; butler manufactured, 3 tons 7cwt lqr 41b.

In. moving (he adoption of Iho report and balance-sheet tho chairman remarked that as ar. old suppliers knew, they had had two vats going In the old building and made cheese as long aa (hoy could; (he balance of their ni-lk was sent to Manutahl and Alton until the Ir-tlcr was full and they (Kakaramea) then had to get, Into their now building before the machinery was all erected. For fully half the acnenn they could not skim their whey, and c, nsequently made only a little over 7 tons of whey butter, whereas they should have made 15 or 111 tons. Whey butter was worth, l'-.uighly, Kl5O a ton, and as It took £IOOO to pay out a penny oh butter-fat they worn:? have been able to pay out well over 2s had tl-ey bad their full season's whey butter. As it was they were able to pay nut Is lid. vlilcli was ns'gnod as Some of the neighboring factories, but not as good, probably, as some of the bigger factories Next year, with everything In good working order, they should ho able to pay out as well as any factory Ir, Tarannkl. With regard to their site the directors had let a contract for another cottage for one of thoir employees. In Iho near future lie was sure they would havo to build cottages for all their employees; tho employment of single men In their factories nas not satisfactory, because they were Inrhtlned to move about too much. With married men they could be depended upon to settle down, permanently, and he was sure that the wholo of the factories in New Zealand would shortly have to pursue that pol' icy.

For the two vacancies caused by (he retitomeni of .Messrs W. Boyle and L. McDonald, ther were six nominations, and a ballot resulted as follows: L. McDonald, 18; ,T D. Fatrwenlhev, 12; R. Watt, 0; P. 8011, 3; W. Boyle, 2; E. Thomas, 1. The first two were declared elected For the two vacancies caused by the resignation of Messrs H. O. Playle and W. 11. McDonald, ilicrc were five nominations, and the ballot rtsulted: It. Watt, 1(1; F, Bell, 10 (elected); E Thomas, 9; W: Boyle, 5; J. Caves 3. Mr ,7, K. Mitchell was re-olecled auditor. In reply to n question tho chairman said that the company paid 2s fid each for veils The chairman moved a.motion increasing the ratitnl of the company lo £9OOO by the Issue of 4000 additional shares of £l—Carried lb reply lo a question as to whether tho company contemplated .opening a general store hi coniinctloiij with the factory, (ho u.i'ii said that they wore pretty close up to their banking limit just now, and lo put up

:i building for a store and stock It would'mean a further guarantee of £2i!oo at least. Ho realised that It would lie a good paying proposition, but ns they had hud to pay for such heavy stocks of requisites, he thought they should work them down a bit before considering the store. The chairman mentioned that two of the retiring directors considered (hat It was not now fair that their names fi.ould be retained on the bank "joint and aeveral" guarantee. One of them hnd taken lernl advice on the matter, and it appeared to be a question of forcing the company Into ' liquidation before he could get out. In view of these facts the directors had decided that in future all shareholders should sign tho ' joint and several" at the bank.

Mr Clinton raised the question of reviving the Cow-testing Association at Kakaramea, cithor on its own or in conjunction with other factories. After some discussion, it was resolved to [cave the matter to llm directors, either to arrange for an Independent tester on its own or in conjunction »ith Alton if sufficient cows wt.ro offering.—Star.