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DAIRY COMPANIES.

HORMANBY CO-OP. DAIRY COMPANY. ANNUAL MEETING. The annual meeting of the Normanby Cosperatlve Dairy Factory Company was held on Wednesday, Mr. C. J. rreston, chairman of directors, presiding. The annual report stated that the final payment tor butter-fat would be 2s I<J per lb, after writing off depreciation amounting to £706. Prospects of high prices for lo'eit season Were at present very goad. Statistics: Pounds of milk received, 12,410," 0S0; pounds of butter-fat, 484,200; average test, 3.889 pto <;ent.; number of suppliers, 55 ; founds of cheese made {576 tons 9cwt 3qrs. Hlba), 1,2!i1,320 ; pounds of milk to lib chees*, 9.61; pounds of milk to one pound butter-fat, 2666; cost of manufacture, .97d; cost of manufacture (including depreciation) l.lld. The chairman said the whole output had increased by 60 tons, which must be considered very satisfactory seeing that they had lost one of the largest suppliers. Although the total pay-out did not quite equal that of last' year It must be considered satisfactory when the extra cost of labor and all factory requisites were taken into consideration.

Messrs. C. J. Preston and B. €. Gibson were re-elccted unopposed to the directorate. Mr. H. A. Lennon was re-elected auditor at the 9ame remuneration as last year.

It was resolved that Interest be paid oil shares at the rate of 4 per cent.

The chairman Informed the .meeting that when the company received Its storage refund it would probably be able to pay otft another farthing, making the total pay-out for the season 2s l',4d. DISPOSAL OF OUTPUT. The chairman said that the great question for them to consider that day was the scheme for selling to the C.W.S. Mr. Bennett remarked that it did not seem feasible that the C.W.S. were going to p;fy high prices for our products to sell to their customers at the cheapest prices. He would not< mind, however, letting the C.W.S. have half Nottiianby's output, but he would not be in favor of sending the whole through them. Mr. Laurent asked would there be any better chance of shipping space If they sent their produce through the C.W.S. The chairman said the prospects for shipping space for the coming season were much brighter than last yehr, and Normanby's position was that while at this time last season they had 4000 odd crates in cool store, to-day they had only 2000,

Mr. G»ne proposed that provided 58 per cent, of the cheese manufactured by the co-oper-ative cheese factories in New Zealand be consigned to the C.W.S., that Normanby send theirs through that channel also.—Seconded by Mr. Clements.

The chairman mentioned that already tljreefourths of this season's cheese output had been either sold or arranged for an open consignment.

The secretary remarked that Mr. Murdoch had mentioned that he was not satisfied that the financial arrangements were sufficiently secure to warrant him in recommending to his company to ship through the C.W.S. The chairman said that both he ,'and the secretary had endeavored, for a considerable time, to find out exactly what the financial arrangements in regard to the C.W.S. were, but they had not been able to reach a definite conclusion. He had attended the confereticfe at Palmerston and Hawcra, and although resolutions were carried .in favor of joining in with the C.W.S., most of the . delegates had no power to commit their respective companies so that too much significance could not be attached to those resolutions. Finance wos a very important factor In dairy company business, and he did not think they could look for the same assistance fromjwnfcs in the future as In the past, although the Bank of New Zealand had always treated the Normanby factory very fairly.

In reply to Mr. Laurent, the secretary said that prior to the war the companies could draw up to 90 per cent, of the value of the cheese in 3tore.

Mr. Cane, after hearing the chairman's remarks. considered it would be futile proceeding with his amendment, and with his seconder's consent withdrew it.

Mr. Laurent suggested that some, function, such as a picnic, dinner, or social be held annually, to which suppliers could take their wives and families, and after some discussion the matter was referred to the directors.

Mr. Clement urged that it would be u good idea to establish a bulk store on their own land so that they could buy in large quantities and sell at a cheaper rate to-suppliers i The chairman said' they could handle certain linos now, such as benzine. Any shareholder who Wanted half-n-ton of any commodity could leave an order with the manager, who would get it for him.

The directors were recommended to purchase any good lines and pass them on to farmers.

A discussion took place on veils, and the chairman urged farmers to save as many as they could, as there would be a shortage of rennet.

It was decided to pay 3s 6d each for first grade veils, the price of second grade to be tho same as that paid by the Rennet Company. It was pointed out that by paying 3s 6d those who did not save the veils would be penalised. At a subsequent meeting of directors, Mr. C. .1. Preston was elected chairman.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TDN19200807.2.5

Bibliographic details
Ngā taipitopito pukapuka

Taranaki Daily News, 7 August 1920, Page 2

Word count
Tapeke kupu
872

DAIRY COMPANIES. Taranaki Daily News, 7 August 1920, Page 2

DAIRY COMPANIES. Taranaki Daily News, 7 August 1920, Page 2

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