THE DAIRY INDUSTRY.

Taranaki Daily News, 22 August 1922, Page 8

THE DAIRY INDUSTRY.

ELTHAM DAIRY COMPANY. THE’ ANNUAL MEETING. After the adoption of the report at the annual meeting of the Eltham Dairy Company on Saturday (as reported yesterday) the chairman (Mr. H. D. Forsyth) stated there had heen an organised effort to put their chairman out, and he considered this a slight on their directors. He did not think It fair that secret meetings sh.znld be held throughout the district with the object of putting him out without Invjtations taping extended to any of the directors. He considered this hitting below the belt. It had taken him a considerable number of years to attain the know’edge of the industry he hud to-day. The givers of proxies were condemning a man without giving him a hearing. He invited any shareholder who had a grievance to go on tn the nlatform and air his grievance. He was connected with various other branches of the dairying industry, yet he could see there was a verv strong opposition out against him to-day. He had, cn the shareholders behalf, out his own name to guarantees totalling anproxlmately £5O per shareholder which should he carried by themselves. He did not think they could afford to put him out. and he said he would I’ke a bit of British fair play. The retiring directors were Messrs. H. D. Forsyth. C. .T. Belcher, and H. A. and Messrs. I. O’Neill and .T. Cocker were also nominated. The result of the ballot was as follows: C. I. Belcher 1621. .T. O’Neill 1377, H. D. Forsyth 1304 (elected), .T. Cocker 1260 H. A. Blackstock 570. Mr. E. Parrott, was re-elected auditor of the company for the etfsuing year. - At a subsequent meeting of directors Mr. H. D. Forsyth was re-elected chairman of the company. THE JOLL COMPANY ANNUAL REPORT. annual report of the .Toll Company ’’’he past season has been a record one for mill: supply. The Increase over the previous year amounts to 19.15 per cent., while compared with the year 1914 it is over 43 per cent. A new cheese making room is being constructed at Okaiawa, and will be completed in time ’’or the coming season. For butter-fat supplied during the past season suppliers hare recived Is fid ner lb during the first three months of the rear, and for the other nine months Is UZ 3 d per lb has been paid, and there still remains a credit balance tn appropriation account, amounting tn £22.to be dealt,,with. The directors recommend that out of this n dividend at the rate of ne- cent, ner annum he naid to all shareholders bolding fni'v paid 11p shares, and that the balpnre he paid to supplying shareholders, pro rata on all butter-fat supplied throughout the year. This win bring the payment Jnr the season up to is 3%d ne r ]b butterexclus,ve of the dividend already

Total m<’’- received 1921-1922, 65.LR5.834 lb 0920-21. 53.026.964 lb): butter-fat. 2.475 90’ lb (2,071.9"'? lb) : average test. 3.918 per o-'r.f. <3 07 renf) 5r or milk, 5,.04«..5r v. „ f b „._ r»r-r,.. -Miass Ih Ib , . avsr ,„ r ‘°', ’ '«”■ ,S ' M «”■ ■ oh-wo O'.. >,O. S3O lh. not; wolr-ht. 2.502 ton. '".310.5-0 lh. IS2, ton,) . ml!k to , , b 6f 02 "■ '■ ss "" : '■” !d " f ”>•«• lb nf o R 3? J h lb).

caU-Ln' 0 ,”, Pounds of milk ft.145.30f Ib lb) : nounds of but-t-’-fat. 274.063 Ib M-1R.114 lb) : av P r n£rP tP q t a 4-0 re - f 4 15f o pST ,* , . rnortfl - 3' , 7.iR3 )h. ne i t woiebt. 146 tons rnj jn. ? c 4 tons) : m in ; i j h h ntfer 19 _ 3fi ]b r.n.25 lb) .- ore-. nin . is.7S per cent. (18.01 nrr cent.) : total charges, including denreciatinn un to f.nh. worked out at per lb butter-fat, 4.39 d (4.98 d WAINGONGORO COMPANY. The fifth annual meeting of the Wningongoro T 'aif fomnpny was w*>!l attended. Mr. P. Mor’ssev, chairman of directors, presided. The annual report stated ’Hip year’s operations h»yp been verv succ-’ssful. due to the '’let that the season’s output w.-rc snld at a fl<njre numb in ad-anc- of *he nrfees realised on ronsimi-nent. The n-nfit an H i o .„ account -’hO’e-s a surplus nf Rs Sd. which w?’’ ’’e ai;ffWPT>t f n nar n bonus of 3d pebutter fat for rhe period January 1 tn May 31. and a further nnvmenf o f a,] pnr 1h h .,,_ over the whole season, making the total nqv-out for *ho season ?s id per lb butter-fat. A total of 3495 export cheese were manufaotured during the season, and 1740 -worn to pnnl ? f nrp Weighing fftfi.433 ib. The pay-nut has been Is 10d f’-nm Aucajst to December, and Is 7d from .Tama*’- to May. Manufacturing results were so* nut as folInw (the figures for th ft n"evlnus rear, being given in parentheses) :—Milk received 2’667.212 lb t 2.236.956 lb). av«rngo test 4.03 (3.RR). IS hn*M-.* a t 107.6-.1 (9RSRI). ohee«o 286.900 /235.341 lb), vfeld 2.67 (2.7?). lh milk tn lb rheesp 9 2 19.47). butter 455? (4443) ]b milk tn ]h butter 5.82 (5.02). The average test was 4 03 and the yidd 2.67. Vn‘ps nf .annrecintinn were passed tn the .n.-iirman rf directors, the manager and staff, and the socrf* nT r n n ,i office staff. Mr. Mor-ssey was reflected unopposed to the d’rrtcrnfo -nd Mr. T. H. Penn was re-s>nn.-.'nt“d auditor. | At a subsequent meeting of directors Mr. [Morissey was m-elpctpd chain-nan nr directors. At the conclusion nf the business meeting the disposal of produce was discussed. The directors favored selling, but as no price was offering it was decided to coffsign. PEMBROKE COMPANY. Mr. R. A. Belch-?- presided over n fair attendanep of shareholders at the annual meetin” of thp Pembroke Dairy Company. The annual report stated, that RRS6 oxnort and 18 medium ch-’-’ses were manufactured during the season : RJ3O cra*es were forwarded to cnnl stnre. weighing 561.958 lh. The average nay-nut (tyring the season has been is ft’Z-d. further payments depending on the realisation of the cheese and butter unsold. The manufacturing operations were set out ns fo"ows in the report (the figures for the nre’-ous year given in parentheses) : Milk recived 5.217.660 lb (4.461.351 lb), average testi 4.06 (4.03). whey butter fi tons 17 cwt. (5 tons 7 cwt.), creamery butter 1 ton 5 cwt. (7 cwt.), choose 250 tons 14 cwt. (211 ♦nns 19 owt ). viold 2.64 (2.67). lb milk to lb cheese 9.29 (9.37). lh butter-fat cheese-mak- •’.)” 209.779 (1R0,159h lb butter-fat. buttermaking 2.198 ( ). The report and balance sheet were adopted after short discussion. As only half of the cheese has been sold un to the present time it is impossible to ascertain what the final pay-out will be. The average pay-out for the season is Is o%d. and the balance of the cheese has been brought in at a verv conservative figure, which, subject tn present market pieces holding, should provide for a fair bonus. Messrs. R. A. Belcher and W. McCracken, retiring directors, were re-elected, and Mr. T. H. Penn was re-appointed auditor. The honorarium nf the chairman and directors was fixed at the same as last year. Votes of thanks were passed to the chairman of directors, the manager and his staff and the secretary and the office staff. At a subsequent meeting of directors, Mr. E. A. Belcher was re-elected chairman. TARIKI COMPANY. Tariki made 347 tons of cheese last year and 30 tons of butter. Advances made to sunpliers amounted to 12.93 d nor lb. and the balance in band will permit of another payment of 2.04 a. or a total of 14.97 d. which is likely to be exceeded when account sales come to

AWATUNA COMPANY. The annual general meeting of shareholders of the Awatuna 00-operaiive Dairy Factory Company. Ltd., was held in Te Kiri on Saturday. Mr. E. A. Collins (chairman) presided over an attendance of about GO shareholders. Directors’ Report.—The directors reported: Tn spite of the violent fluctuations that have prevailed throughout the past season as regards dairy produce, your directors are of the opinion this is not altogether due to the law of supply and demand. Last year’s bal-ance-sheet estimate of 2s o%d was obtained, and has heen distributed amongst'’suppliers. The result of this season's working, after deducting depreciation £513 5s 6d, leaves a surplus of £5206 8s 9d. Allowing for interest on shares, which will absorb £4OO, there will be a balance available for distribution of £4306 8s 9d (equal to Is 25-8 d per lb. over the season). In the above figures 2073 erates of cheese how afloat were taken into stock a$ 7d per lb. f.o.b. Payments for the season have been made as follows: July, 1921, Is 9d: August, 1921, Is fid; September. 1921, Is SC; October. 1921. t-> February, 1922,’ Is; March to June. 1922, Is 2d. Owing to setbacks the bulk store has not proved as successful arf last year. Your directors have quite recently made arrangements with a leading firm, which it. is hoped will be beneficial to shareholders. The butter-fat statistics show a considerable increase, being equivalent to 106 tons of cheese over last season. Mr. J. Flavin, general manager, and Mr. M. W. Beattie, branch manager, have been re-ap-pointed for the coming season. The statistics for the season, with those of the previous season l in parentheses, were as fellows: Lbs. milk, 17.045.905 (14.882,423); total lbs. butter-fat, 65’9,347 (567,120) ; lbs. cheese made. 1,439,561 (1.131.062) ; lbs. creamery butter made. 108.825 (174.157) ; lbs. whey butter made, 30.825 (27,244) ; Ihs. cheese per lb. btfEter-fat, cured weights, 2.62 (2.61) : cheese period average test for 3.78 (3.81) ; over-run, 19.07 per cent. (19.8 per cent.). CHAIRMAN’S ADDRESS. The chairman, in moving the adoption of the annual report and balance-sheet. congratulated shareholders on a good year’s working. Probably the most noticeable feature was the increase in production, due to ear’y autumn rains and delightful climatic conditions generally. The Increase in output had

fortunately acted as a set-off to the lower prices ruling. After making careful comparisons it had been decided to entrust the company’s next season’s output to Messrs. A. J. Mills and Co., but the right to sell had been reserved. There might have been some very good paints in the pool scheme, but he ventured to say that at such a time of depression dairymen were well advised to drop it. He urged shareholders to do their utmost to increase production. In increased production lay their salvation. They were passing through

a wave of depression, and it behoved them all to get as much ou* of their land as was possible. The testing association had proved itself a decided acquisition to the farmers of the district. Personally, he had found out a good deal with the help of the tester. The (matter of the federation of dairy companies had not heen lost sight of. He thought that the scheme earnestly commended itself to all dairy companies. The No|manbs’ Dairy Company was now engaged in litigation, and the same trouble could easily arise in the Awatuna Company. The necessity for federation was apparent. Experiments had been made by a leading dairy company in the manufacture of part-skimmed ch°ese. He would stronzlv urge that the incoming directors keep in close touch with the scheme. The company which h n d experimented In it had done so successfully under tge supervision of the Dairy Division. He wSuld like to see part-skimmed cheese standardised, so that one company would not. he tempted to take advantage of another. During the year the late secretary, Mr. Harding, bad resigned, and from 199 applicants Mr. W. R. O. Spooner had boon appointed. Mr. Snconer had a masterly ffrio th" enmpany’s business. The balance-sheet showed that the company could pay out Is 2 5-8 d ner lb. nf butter-/at. and be thought the final payment would bring the total un tn Is 3d. The company had sold their April. May and June make of hut*er at an average price of is hut as it had turned out. if they had followed London’s advice they would have done sltehtlv better. Mr. C. H. Hurst seconded the adoption of the report and balance-sheet, and the motion was carried. ELECTION OF OFFICERS. The three retiring directors. Messrs. E. A. Collins. F. Tindle. and R. Ferguson, all offered themselves for re-election. Mr. C. H. Hurst was also nr-mlnatccl for the directorate, and on a noil-being taken the three retiring directors we*-? re-elected. Tim voting was as follows: Ca'l’ns 460, Fr-rguson 342, Tindle 365. Hurst 314. Mr. H. A. Lennon was re-elected auditor. Directors’ fees were fixed at 10s per meeting. and the chairman was voted an honorarium of £ 50. THE DISCUSSION. A shareholder brought’ up the matter of the transfer of shares to non-suppliers io the factory.—The chairman said it had novar, heen the practice of the company to hinder the transfer of shares. Mr. Barker said that, in the early days a man had to be a supplier to hojd shares. It was pointed out hy Mr. Harding that the company was governed by table A of the Companies Act. and they could not refuse to transfer shares unless there was. some specific reason. The only way applications for shares by a non-supnl’or could he refused would he by first altering the articles of association, and then, in the. case of a supplier retiring and living away from the district, the company should - be prepared to buy in his shares at nar. . Mr. Barker said it was never the in*entio/l

to restrict anyone who had been a supplier. Tlie chairman said 't was a point, which the directors might watch, and if any applications came from outside the directors could make it a bit awkward for such applicants. While the articles of association stood as at present he d’d not see how they could get over the difficulty. A shareholder said that what seemed to be worrying those present was the influence in an election which Hrr shareholders hnd. The chairman said that the shareholders cou’d take steps to stop dry shareholders from voting. Mr. Rowlands suggested that proxy voting should be done away with. Tlfe discussion then dropped. Mr. Phillips asked .if the company would take cream if a supplier put' in a. separator. The chairman said that he did not think there Would be any objection. The company had done so before under special circumstances. The chairman mentioned that some shareholders wished that the milk could be put through the factory a little quicker in the mornings. He said that to do so the company would have,to expend about £490 on extra planf. and on that account the directors had decided to carry on as nt present. The (manufacture of part-skimmed cheese was discussed, and it was generally recognised that some standard should be set.—The chairman said that the matter was well worth tva.t chine. The ladies who had provided luncheon were accorded a vote of thanks.—Star.