MASTERTON CO-OPERATIVE DAIRY COMPANY

Wairarapa Age, Volume XXXII, Issue 10685, 3 August 1912, Page 5

MASTERTON CO-OPERATIVE DAIRY COMPANY

THE ANNUAL REPORT. The foMou :m,g is tlie report to be presented to the annual meeting of tOio Mastertfon Co-operative Dairy Cvmj.Qiiy, Ltd: — "Your r^:rectors have pleasure in presenting tlie annual report aaid balance sheet of the Company for the year aided June 30th, 1912. . The output of butter for the season was 180,ll4]bs, as agar'nst 216,67#bis for tlie previous year, a decrease of 3560 .'>s. For a vare'ety of causes the decreased produetio'n of butter was gene;).il vlbr oughout the Dominion'. The result of the yeaa''s transactions is a net .profit of £1'545 19s 6d, wJiicli, with the balance from last year, £179 5s '7d, makes a total of £1725 5s Id, wikcii your rectors have allocated as follow®: —Final payments to suppliers £1487 17s od ; amount to be added to reserve, £100; balance to carry Svward, £-137 7s Bd. Total, £1725 5s Id.

The final payment is equal to one slidling per poimdi for creamery butter fiat land twci've pence farthing per lb for home separated. Your Directors 'have had a special valuation, of the Company's premcicts and plant, and consider that the esult justifies them in not writimg off a further eum for depreciation thiit' year. -The prospects for the* coming seaeon are bright, a,nd I.U-rent indications lare that mairnfactuivrs of butter wfill find a satisfactory market tfer all they e.i-n produce. Yoiw Di'rec.'or-s have wilder consideration the suggested re-lopen-ing of die XiHiu C'rcr.:.r.ery and an extension of business in oil ier direction y. The retiring Directors are Messrs- W. H. JikcT?, J. E. Kjestrup, and C. A. Wa.Q, who are eligible fc J r re-election. MY i'i. C. Holmes, -who was 'appointed to fi'B the vacancy caused by the re,£i\gula'!::d.i' of M.r R. A. Thompson lui.vFng hiso resigned l , Mr E. Harper was appointed to tflie vacant s?nt vntil the .annual meetfeig.—J. C'. EWINGTON, Chairman."