OAONUI DAIRY COMPANY.

Taranaki Daily News, 3 August 1921, Page 5

OAONUI DAIRY COMPANY.

lANNDAL HECiING. The twenty-fifth annual meeting of tli« . above company was held In th© Oaonul Foil on Thursday last, when Mr Ixs. Young, chairman o* directors, presided over an attendance of about 40 snaronuld - rs. The annual report seated that the pc3® year fad been the most successful in tha history of the company. When the year ccnw menced the prospects never looked and shipping appeared as If it would revert to normal, after a period of great uncertain< ty brought about by war conditions. But space, and then, owing tc strikes and cthetf unfortunately the™ was a great shortage o® causes, the cheese market suddenly and the directors decided to turn to butter-* making, and after some little trouble were also able to make satfsfat*t'«ry tesaia with the casein cotmpauy to purebtue tke company's output of casein. During the year a branch factory wag opened on the Kina Road, but owing to tno Agricultural Department only granting 4 temporary license, the matter of erecting new buOdings th -re would shortly have to !>• faced by the company. It wou’d be necessary to discuss vavs and means of raising further capital to put th© business on a sounder financial footing. Payment had boon, made during the yeal l at the rate of 2s per lb. butter-fat, and when' the final returns for cbeese and buttdr on hand were in, further payments could be made to suppliers. Statistics.—Main factory: Milk received, 2,032.7201b5.; 70,918.911*.; lbs. milk to lb. cheese, 10.33; lbs. cheeae to lb. fat, 2.77; average test, 3.48 Arawhata Icry: Milk received, i,859,170!b5.; butter fst» 65.103.41b5.: lbs. milk to lb. cheese, 10.38 a ibs. cheese to lb. fat, 2.75 • average test. 3.50. Kina factory: M’lk received, 1,094,44® * Ibs.; butter fat, 39.251.7Uw.; lbs. milk to lb. cheese, 10.44- lbs. cheese to lb. fat, 2.66 Javerage tost, 3.58. (Main and Arawhats figures ar© for i riod from August to December 21, 1920, and Kina for period from October, 1920, to April. 1921). Milk received for butter-making, S,BSB.TW> lbs.: butter-fat, 218,033.011 m. ; butter made, 251,6901b5.; overrun, H.431b5.; lbs. milk to lbs. butter, 22.47; average test, 3.85. Whey butter to the value of £862 was made during the year. Casein to the value of £1737 was made during the butter-making perlpd. The balance-sheet stowed the total receipts as £59,122 16s Bd, the largest items of pendittirt being’ Export charge £575, boxes and crates £902, cartage £998, fuel £650, repairs £172, stores and requisites £1604, salaries £2376. The sum of £45.93G wa«< j paid to suppliers. The report and was adopted after considerable discussion. The following directors were elected foil' the ensuing year: Kina Ror*l, Mr. F. Bay-., lis; Arawhata, Mr. D. Markham; main tory, Mr. J. C. O’Borke, and JYoung, J. Fleming, T. Gardiner, and Geo< Clegg. At a subsequent (meeting Mr. X C/ , o*Rorke was elected chairman. I Mr. Geo. W, Rogers was reappointed audit 1 tor. ! The retiring chairman was granted oh honq? ; rarium of £ 20.