CAMBRIDGE JAM COMPANY.

Waikato Times, Volume XXVII, Issue 2190, 22 July 1886, Page 2

CAMBRIDGE JAM COMPANY.

A MEETING of directors of the Cambridge Jam Company was hold at their office on Monday evening. Present: Mess'w T. Wells (chairman), W. B. Soutter, and J. Sharp. The minutes of the previous meeting were read and confirmed. The Chairman announced that* all the fruit in the factory whs labelled, packed, < and ready for sale. He contended that the company only required proper management.' to be a financial success. For instance, the' greater portion of the fruit dealt with had been put up as pie fruit, which would realise considerably less than dessert fruit. Had the late contractors, Messrs Foster and Gosling, on finding that the fruit supplied was only fit for pie fruit, requested the. suppliers to wait a little while until their produce ripened sufficiently to be utilized for dessert purposes, it would have made no difference to the suppliers, while jthe company would have made a profit instead of a loss. Of course, certain fruits, such as gooseberries, were only fit for pie fruit, and a portion of that supplied for dessert fruit would aho have to be used for the former purpose, but had more judgment been displayed in the management by the contractors, the shareholders would have found the? difference. In the factory at present there « ere 230 cases of pie fruit and 123 ca.ses of ' dessert, and the figures ought to have been the other way. . It was resolved that the chairman be authorised to place the fruit on the market, either by direct sale or consignment. The Chairman said he had received a letter from Mr Bailey, stating that it would be eight or nine days before he could send a complete list of plant, and that he had not since heard from him. It was resolved, on the motion of Capt, Soutter, that a meeting of shareholders, fruit-growers, and all interested in the welfare of the company, be held in the Town Board office on Wednesday, August 4th, at 7.30 p.m., to consider the desirability of en-, larging the company's plant and carrying on with renewed vigour, or of disposing of t the company's business, the meeting to b&advertised in the local papers. Several accounts were passed for payment. ' •' This was all the business.