TARATA DAIRY COMPANY.

Taranaki Daily News, 6 September 1921, Page 2

TARATA DAIRY COMPANY.

ANNUAL MEETING. The annual meeting of the Tarata Co-oper-ative Dairy Company was held on Saturday in the Tarata Hall, where there was a fair attendance of shareholders. THE REPORT. Butter made amounted to 46 tons 14cwt. 3 qrs. 31b, being an increase of 7 tons lewt. iqr. 241 b over last year. Advances had been made of 2s 5.49 d per lb of butter-fat, and the surplus of £446 8s would allow of a further payment of Is 1.5 d making the total payments for season on 2s 6.69 d, while payments under the equalisation scheme on butter for local sale will probably increase this figure. The following statistics were given : —Lb of cream 230,846, lb of butter-fat 88,110, lb of butter 104,695, average test 38.1, over-run 18.8. " In moving the adoption of the report and balance sheet the chairman congratulated the shareholders on a record season. The price paid out being satisfactory. The operations, as mentioned in the report, showed good work on the part of the manager, with an average test of 38.1, over-run 18.8, and an average grade o£ 92. Manufacturing expenses 2.4 d, selling administration l.ld, depreciation .3d, total cash per lb. of fat 3.8 d, butter realised 29d, add over-run 5.5 d, total 34.5 d. Less expenses 3.8 d, tota| 30.7 d. Suppliers have received 29.49 d, bonus at 1 l-sd, total 30.69 d. THE DISCUSSION. Mr. Topping brought up the matter of guarantors liability, and same discussion took place on th© subject. Mr. Crowe said that some improvements should be done to factory, as the present structure required renovating. Mr. Webb brought up the matter of encouraging the Purangi settlers to get thdir cream to the factory, as the daily cream van had ceased to run for this season. The report and balance sheet were adopted. It was stated that there were 209 cows in the district for the coming season. On the motion of Mr. Dixon, it was resolved: That It be a recommendation to the incoming directors to inquire Into the cost of carting cream. ELECTION OF DIRECTORS. The ballot for the election of directors then took place and resulted as follows: —Askew 82, H. C. Hills 80, Simmons 72, Dixon 68, Burr Senr. 67, Paterson 64, Higgins 63, Crowe 50, Volsky 49) The first seven were elected, and 1 at a subsequent meeting of directors Mr. Askew was elected chairman.