THE DAIRY INDUSTRY.
THE KAUPOKONUI COMPANY. The annual report of the Kaupokonui Dairy Company states, inter alia: The year has been a particularly difficult one. Expenditure has been carefully watched and results have been satisfactory, as they are able to declare a dividend of 6 per cent, on the paid-up shares and a payment Gf Is 3%d for the first eleven months of the season, and Is 4d for June, making a total payment of Is 3.53 d per lb butter-fat on a 4.026 test, which is very high.
The store shows a loss on the year’s opera tions of £2796 9s 9d. but it must be borne it mind that times have been so extraordinary that every similar concern of any size has hat
the same experience. The financial depression has caused a dislocation all the world over, but the outlook is brighter, and it may be fairly assumed that we have reached normal conditions. Stocks have been rigidly written down to meet the prevailing conditions, and this accounts for the loss.
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Taranaki Daily News, 28 August 1922, Page 7
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173THE DAIRY INDUSTRY. Taranaki Daily News, 28 August 1922, Page 7
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