DAIRY COMPANIES.

Taranaki Daily News, 21 August 1920, Page 3

DAIRY COMPANIES.

MAKETAWA. The twwity-fifth annual meeting of the Maketcwa Dairy Company was held on Thursday. About 40 suppliers were present, Mr. J Brown presiding The chairman said that there was still between 400 lo 500 boxes of butter in the freezing works. They had been successful in l petting a very reasonable offer for casein. Where a greater amount of caseiti was being, manufactured a better result * could be ob-1 iained, and what was required was a co- j operative drying station in the district. On I the whole was brighter than last! year. The directors had purchased a small I cottage for the assistant, and he suggested | the best method of paying off the cost (£400) j was to deduct a fraction of the monthly cheques until paid off They had had an Increase in production for the past year, but the orer-run was lower thai* previously. The dried milk scheme had been well considered by the directors, and there were difficulties in the way which put the scheme out of the Question for the present. He attended the conference in Palmerston North and heard the ; rrguments in favor of* the CW S. scheme. Personally, he thought Mr. Corrigan's idea was a good one. He was well satisfied with the Bor Company and ! the shares they held were an asset to the company. The Box Company had a supply of timber in view which would last for thirty years. The Moturoa Freezing Works were in a very sound financial position in spite of the heavy expenditure incurred in improvements recently. There had been trouble with the flkim-millf weighing machine, and a new one had be£n ordered, and as soon as it arrived It would be erected. In regard to bu'ter, they were practically assured a good price for the forthewnign season. He was as anxious aa anyone to get away from'this commandeer of produce, but in spite of this a good price hf.d been assured The chairman then formally moved the adoption of the report and balance-sheet.

> One or two shareholders questioned whether the staff were adequately paid, but the chairman assured them they were paying the union I wage. : . Mr. Hodges said he thought It would be a fair basis to vrark on if the men were paid double the pre-war rate. The chairman: We consider we have done 80. Another shareholder: We should not wait till a man is dissatisfied and asks for more wages. Mr. Hodges asked the amount of capital required to start the company under the C.W.S. scheme. The chairman: £IOO,OOO, but If we formed a company of our own It would require £1.000.000. The report and balance-sheet was adopted. ELECTION OP DIRECTOBS. TUte were four nominations for the two '.aeancies on the directorate, Messrs. J. Brown, J Pombroskl, W S. Burton, and P. J. Hodges. The result of the poll was as follows: Brown 33, J. H. Dombroski 23, W. S Burton 13, and F. J. Hodges 8. Mr. Geo. Pullen was re-elected as auditor. GENERAL. | Mr. Hodges moved: "That in the opinion of this meeting tho time has come for the pooiin; of ail the expenses of the company, thus j'aclng the creamery suppliers on the sar.e basis as the factory suppliers" The proposal was not adopted. ' Mr Simpson thought that the payment of the cottage in two years was not long enough, and he suggested five years, thereby making the amount a %d per lb. of butter-fat for deduction. He moved a resolution to this effect, but ft was lost. Mr .Simpson moved: "That this meeting of Maketawa suppliers is of opinion that a better system of distribution of produce is needed, and believes that the scheme Initiated by the C.W7. is the best Improvement over older conditions, and herewith authorises the directors to do all possible to forward the adoption of the project." The motion was lost. The chalrman's honorarium was increased from £25 to £45 per annum. The directors were allowed £1 for each meeting they attended. The customary votes of thanks were passed.

T. L. JOLL, LTD. The report to be presented to tho annual I meeting of the T. L. Joll Co-operative Dairy Company on August 25! h congratulates the shareholders on another rery successful season. The sum of IPs had becm written off for depreciation, and the amount to credit o fr.prporiation was £40,963, out of which a further payment of 4>,<>d' per lb. is proposed to be made, bringing up the total per lb. butter-fat to 24*/£ d, besides a dividend of r, per cent. Is recommended. It Is stated the indications point to high prices for the coming sci'con. Statistics: ."ilk received, 54,080,1)55 lbs.; butter-fat, 2,088,200 lbs.; average test, 3 863 per cent ; cheese manufactured, 2413 tons 16 cwt. 1 (jr. 3 lbs.; butter manufactured, 25 tons 7 cwt 1 qr.; yield of cheese per lb. of fat, 2.634 lbs.; Tnlllf to lib. cheese, 9.82 lbs ;• milk to lib. of butter, 22.4G lbs.; overrun butter, 15 32 per cent. The Bain nee-sheet shows the assets total £67,398, including buildings £13,426, plant £5425, carrying and other plant; £2915, land £1867, shares £15,638, accounts receivable £7574, stock £0666, bank balance £10,834 The liabilities total £26,435, of which share capital accounts for £2?,565, and sundry creditors £1142. The trading account shows butter sales as £4222, and cheese £253,154, the total revenue being £257.376 The expenditure totalled £217,244, including manufacturing charges £28,250, export charges £7BOO, general charges £3BIO, tnia ehusei £BOO, depreciation £18? -