DAIRY COMPANIES.

Taranaki Daily News, 27 August 1919, Page 6

DAIRY COMPANIES.

PI HAM A. Tho annual meeting of shareholders In the above company was hold on Tuesday, the liith Inst. Mr. G. liOoney, chairman of directors, presided over an "attendance of 21 members. In moving the adoption of the report and balance-sheet, tho chairman congratulated suppliers on tho successful year's working, as shown by the balance-sheet, tho payment of 2s per lb. butter-fat, after writing oil liberally for depreciation, being a record one for the company and probably for the coast. It was decided to write 20 per cent, depreciation off the shares held by the company In tho Egmont Box Company. A lengthy discussion ensued on the use of high testing milk in tho manufacture of cheese, the general feeling being that the Department should allow cheese manufacturers to 3kim a portion of the raillt used, reducing tho whnlo to a set standard. Mr. G. W. Rogers was reappointed auditor at the same remuneration as the previous year.

Election of directors resulted as follows: Director for main factory, Mr. O. I.oonoy; Skcet Road factory, Mr. .1 D. Conaglen; Waileilta factory, Mr. W. Markham. For the four other vacancies, cix candidates were nominated, viz., Messrs It. Lambie, junr.. I. Pettlgrew, ,T. S. Toslaitd, A. Betty. S. Campbell, and P. Julian. On a poll being taken tho first four gentlemen named were elected. At a subsequent meeting of the newlyelected dirctors, Mr. O. Looncy was again elected chairman for the ensuing year.

T. L. JOLL DAIRY COMPANY. REPORT AND BALANCE-SHEET. The eleventh annual report of the T. 1,. .Toll Co-operative Dairy Co., Ltd, to be preRented at to-day's meeting, congratulates the shareholders on' 'another successful season. After writing off £1397 for depreciation there was a credit balance of £49,(11!) to be dealt witli. Suppliers had already received Is 7d per lb, ami the credit balance would allow of a further payment of livid, making, tile total pay out 2-1 Vld per 11) hutiorfat, in addition to which the directors recommended a o per cent dividend on all paid up shares. During tho year tho last of tho company's indebtedness to the .101 l Estaia has been paid off, the .whole of the purchase moncv to the .toll Estate having been paid out of shareholders' share deductions The following statistics were submitted:— Mill: received 40,0111,£00 lbs, Imtterfiit. 1,777,441 ihs. average test ''.'St! per ceni, cheese, manufactured 4.010.T52 His. butter manufactured fi."v">2 lbs, vield of cheese, pi*,' lb of fat 2 07 lbs, milk to 1 lb of "licese OSS lbs. milkto 1 lb of butter 2.140 lbs, overrun butter 13 SO per cent. The balance sheet showed liability for share capital as £21.442, reserve fund £1739, accounts payable £I7SS and appropriation account ttin.illS, while Iho assets, liteludiw a credit, balance at tho hank of ESBII9. s'ood at SOo.riSS. The profit, rnd lnrs account showed nayments for milk as <?. !4n,0n2.