PATERANGI CHEESE FACTORY COMPANY.

Waikato Times, Volume XXIII, Issue 1925, 6 November 1884, Page 3

PATERANGI CHEESE FACTORY COMPANY.

Thi: nnnu.il genoial mooting of sharelioldei-. of the above company was held at Pateiangi on Satuiday, November Ist, Mr Win. M.icky, chairman of directors, piesidni^. The Chairman opened the mooting by leading the notice to shaicholdei.s convening the same. The Societal y, Mi Y. C. Gennann, then load the following icpoit and balancesheet :—: — (ientleiiion,— Tlie ducctoi-, have much pleasme in meeting thoshaieholdois at tins theii fiist animal general meeting toiepoit that, notwithstanding many ad\oisecircunistances attei'ding the hr-<t ycai 's opetations, the result must Lo cousideiod on the whole as voiy hiitisfactoiy, as the company paid neaily thieeponcc per gallon to all milk suppheis, who also had the whey, which (•.in be consideied woitli one halfpenny per gallon, and made no loss to the hhaieholdeis. The total chaiges for labour, coal, lennett, &c, weie £320 I.ls lOd, which makes a chaige of l^d per gallon on tho milk — the gallon of 101b* only yielded 130/, lOduts of cheese. At thr> staib American cheese was made, but subsequently the Cheddai sy-tcm was adopted, and the diiectors lecommend this system for the future, as the eboo>e found leadiei sale than the Ainencan. Tho ducctoi s, in anticipation of a l.uger supply of milk, piocuied a Luge |)u\\(3iful piess, and also plant for making butter, which nn»ht bo used as the state of the pioduce maikots wananted, or aftei cheo-o making in the fall, when the small supplj of milk would still wairant the factoiv being kept open for the manufactme of 1-uttei. The ducctoi s have thought it expedient to make anangoments foi keeping pig- to consume the whey, as last yo.u this aitielo was not equally utih/ed by all the supphcis, and thoiofoio h.i\e piocmed a number of pigs, which aie now on tho pietnises. The duectous h.i\o ofteied, ]iei advertisement, to make the milk into cheese at a cost of I|d per lOlbs of milk. The directois not ha\ing fully consuleied the cost of making buttei, deem it bost to loa\e it to the new diiectois to fix the cost of nianufactnie. Mr Mead, the cheehe-iuakei, having lnfoimod the ducctoi s that otliPi companies weie offeiini' him highci wages than he obtained heie, tboy considoiod it wise to ie engage him at a salary of £210 per annum, foi the minufactuie of all cheese up to a daily supply of 1)00 gallons, and £20 for making all buttei. The milk suppheis have alie.uly been paid at the i.ite of 2*d per lOlbs of milk, and theie will be a small balance yet to divide when the cheese <ue all sold which the diiectois ha\c on hand. The annexed statement will show the actual woiking of the company. B\iA\ci,-snn:roi' iriK Pvrnuxcu Cunst'. am)JXviiu Pimmcr, Compvw (Lnnn:i>), ai vi )i; Li 1 ro Ociohi;k lsr, 1884. Promt wo Loss Account.— Dr. To Lalioui, £l">0; Woikmcr Expenses- rind Insminee, £87 2s lid ; Intoie-t, £.S f ) 12s lid ; — £27(5 I")- l')d; Exchange, £1 11" bd ; Vgency chaiges, £23 H»s Id ; lMeiglit, £1(5 lls 1 1 Ul ;— £l2 2s S', , £318 IS, (J'.d ; Cr. By JJalancv, £.'3LS ISs U\t\. C \n I \li Af'f'OUN r — l)i. To Hhaics taken up, £'S00 ; Shaics not t dceu up, £200; — £1000 ; Ci. 15y Capital, £1000 Vssm is. -l.mldings, £21!3 Is; Plant, £■)")? (is 7d ; Milk Cans, £(i 3 10s ; Cottage, £.-)!) Is 3d ; Fencing, £1^ !)s lid ; -£0(50 11s 'Id; Chaises -against ciiooso, £3f.S 10s (iUI ; T'noallod capital, £120 ; Unpaid calls, £05 ; — tiso;— tir.ino-, 3UI. Li vi:h mi s. — Bank ovoidiaft, £">23 11s 3UI; P. dance of salaiy, £~)0 ;— £."573 11s 3ld ; B.d nice, £ ( )10 IDs ;— £lol4 10, 31. Wo hereby ceitify that we have carefully examined the account., hooks and voucheis of tlie Com|)any, and find them collect; but tho voucheis mentioned in the attached list ha\e yet to bo pioduced.— V. RoiSLlirs, vxi) Jamls RiroiiN, Auditors. SrvrniKvr or Milk Slmtuem — Cheese sold and j>aid, £iO"> IHs 2d ; unj Aid accounts, £221 10s ."id ; balance consignments (Macky) £10") !)s ; balance consignments (.\[eid)£lB 8s; cheese on hand at Gd, £00 17s ."Jrl ; £ ( )4") (is ; paid lrilk supiihciy, £33(i 7s 4d ; cliargos, £315.S 18, GUI ; balance. £240 0s l.d ; £!)i."i 0-, ; milk lecened, 480,f1."5G1b ; cheese produced, 12')8; weight, 40,%01bs ; yield of cheese, 130/. 10dr. per lOlbs of milk, amount paid to milk suppliers and duo, £570 7s ~)\d, equal to 2-£ d per gallon of milk. The Chairman moved the adoption of the lepoit, which wa.s seconded by Mr Scott and earned. The past directors having all tendcied then- lesignations the following gentlemen weie elected :— Me.ssis A. J. Scott, Y. C. Ceimann, W. Macky, G. Knch and J. Newland. The old auditors were re-elected. Mr J. H. Scott desired the meeting to e\pie«s an opinion as to the consumption of the whey, as unless he could obtain his he should decline to send milk to the factory. The matter was left as a fitting subject for the new directors to decide. Mi Germann moved a vote of thanks to Mr Maunder for his gratuitous services as acting secretary. He was engaged at a salary, but had waived his claim for the benefit of milk suppliers. Mr Finch seconded the motion, which was duly carried and acknowledged. The inpeting expiessed their satisfaction with the management of the late diiectors, which they had already evidenced by xeelecting them, and the proceedings terminated.

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