MAURICEVILLE

Wairarapa Times-Age, 10 August 1940, Page 7

MAURICEVILLE

DAIRY COMPANY BUSINESS AT ANNUAL MEETING. (“Times-Age" Special.) There was an attendance of about thirty shareholders at the annual meeting of the Mauriceville Co-op. Dairy Co., Ltd., held at the Mauriceville Hall on Thursday. The chairman of directors, Mr V. K. Lemberg, presided. The chairman made reference to the death of a director, the late Mr Thos. Heapy, since the last annual meeting, and a motion of sympathy with Mrs Heapy was carried, all present standing in silence as a mark of respect.

Mr Lemberg stated that although the season had opened up under unfavourable circumstances, the good autumn at this end of the district had finally resulted in an increased output of thirty tons. War measures to increase the production of cheese would result in the loss of about 250 tons of butter this season, as far as the Mauriceville factory was concerned. The directors had considered the matter of celebrating the company’s fiftieth jubilee, which fell last year and it had been agreed to postpone any celebration until after the war. He formally moved the adoption of the report and balance sheet.

The motion was seconded by Mr W. F. Rogers and after a short discussion carried.

Messrs H. Myers and R. Flynn were nominated to fill the two vacancies on the directorate, and as these were the only nominations they were declared elected. Both suitably thanked the shareholders for their support and confidence.

Mr A. Keith was re-elected auditor at the same remuneration as last season.

A dividend of 5 per cent was declared on the paid up capital as at May 31, 1939.

The directors’ fees were fixed at the same rate as during last season. Votes of thanks to the staff (factory and office) and to the chair were carried by acclamation. After the luncheon adjournment a meeting of directors was held, and Mr Lemberg was re-elected chairman, and Mr Myers, deputy-chairman. ANNUAL REPORT.

The fifty-first annual report stated: — “The output of 975 tons for the season under review shows an increase of 30 tons over the previous year. The season opened up unfavourably, and in the southern area the autumn was too dry. In the northern districts, however, good rainfall increased production well ahead of other years. In accordance with the Dairy Industry Accounts Regulations, 1939, we have to report as follows: —(1) In respect of the previous year, 1938-39, the estimated season average payout per pound for butterfat (all grades) which was quoted in our last year’s report, was 15.7877 d, which was the amount actually paid out. (2) In respect of the current year: The unsold butter in grading store has been valued at the guaranteed price for export, and the unsold butter at the factory has been valued at Is 3d per lb. Full allowance has been made for all accrued charges, such as levy, freezing and storage, and all charges to f.o.b. The estimated season average payout per pound of butterfat (all grades) which should result from the disposal of unsold butter at values named above, should be 16.057 d. During the season, advances to suppliers were at the rate of fourteen pence per lb. for finest butterfat. The average advance payment for all grades is 13.932 d per lb. The appropriation account shows a balance of £16,239 18s available for distribution. On July 22 a further payment of two and one-eighth pence per lb. butterfat was made, absorbing £15,819 12s, and making the total payment for the current season 16.057 d per lb. butterfat, all grades. Your directors recommend a dividend of 5 per cent on paid-up capital as at May 31, 1939. This will absorb approximately £lO9 10s, leaving a balance of £3lO 16s to be carried forward. We desire to place on record our sincere regret at the passing of one of your directors, the late Mr T. B. Heapy, whose death took place in December. . . . The thanks of sharehold-

ers and suppliers are due to the staff and cream collectors for their good services during the year.” The report was signed by Mr H. Myers, deputy-chairman. A table of statistics appended to the annual report shows that the total charges, including repairs and depreciation up to f.o.b. at per pound butterfat for the year 1939-40 was 2.4363 d, as compared with 2.5787 d in the previous year.

SOCIAL & DANCE SOLDIERS ENTERTAINED. A most enjoyable social and dance was tendered to district members of the Third Echelon in the Mauriceville Hall last night by the residents of Hastwells, Ihuraua and Mauriceville East and West. There was a large attendance of settlers from all parts of the district. The guests of the evening were Lance-Corp. R. Trass. Pvt K. Henshaw. Pvt. Nicl MacDonald and Sergt. Clark. Pvt. L. Turley was unable to be present. Presentations were made to each of the guests, the speakers being Messrs E. W. Chcetham (Mauriceville), C. Judd (Ihuraua). A. G. Thorby (Hastwells). and W. Chcetham (Table Tennis Club). The presentation to Sergt. Clark was made from the Table Tennis Club and those fo the other members of the forces from the residents of the district. Supper was also served.