CO-OPERATIVE RENNET CLUB

Taranaki Daily News, 24 June 1921, Page 5

CO-OPERATIVE RENNET CLUB

ANNUAL MEETING. Palmerston N., June 22. The annual meeting of the New Zealand Co-operative Rennet Club was held at Palmerston North this week. Mr. H. D. Forsyth (Eltham) was in the chair. According to the directors’ annual report, a total of 70,733 veils had been purchased by the company during the year. Seven hundred and twenty-one kegs of rennet had been manufactured, and there were still a number of veils to be made up. Of the total rennet made, 361 kegs had been sent to factories, and the balance was still in bond. Although a great number of the requisites used by dairy companies had decreased in price, there had been very little decrease in the price of imported rennet. The directors were of opinion that the collection of sjich a large number of veils, and the supply of rennet locally—thus retaining in the Dominion a large sum of money which would otherwise have gone to foreign countries —more than justified the existence of the company. In answer to questions, the chairman said that the ruling price for imported rennet was £l6 10s per cask, while the company was disposing of its output at £l4 10s. It was hoped to reduce the price by £5 in the coming year. Under the present conditions, veils alone cost the company about £l2 10s per cask. The price they were at present paying for first-class veils was 2s 6d each, but in the coming year it was proposed to reduce the price paid to Is fid for first grade, Is for second grade, and 6d for third. The report and balance-sheet were adopted. Messrs. J. B. Murdoch (Hawera) and E. Allen (Cambridge), the retiring members, were re-elected to the directorate, and Mr. C. J. Preston (Normanby) was elected to fill the vacancy caused by the death of the late Mr. W. D. Powdrell. The chairman intimated that Mr. C. Harrison (Eltham) had been appointed secretary.