N.Z. RENNET COMPANY.

Waikato Times, Volume 119, Issue 19885, 14 May 1936, Page 2

N.Z. RENNET COMPANY.

_.___ ANNUAL REPORT. SUCCESSFUL YEAR. —_ The com. annual report of the New zealmd (10-operative Ilennet Company, Ltd.. to be presented at the arrnual meeting at llastlngs on June 17, states:— Tha sales for the past year agaln show an Increase both lu quantity and value, of the company’s products, \Ve estimate that our New Zealanu cheese rennet has been used for the manufacture or 95 per cent. or the New Zealnnu output or cheese (compared with 90 per cent. the previous season) and our cheese colour for 83 per cent. (compared wltb 70 per cent.). The number or calves collected by meat works durlng the past season was greatly 1n excess of the number cullertetl In any prevl< uus season and thls has resulted 1n con< sluerable lncreuse in the stocks or vells held by us. It wlll not be possible to contlnue the policy or holdlng In New Zenland the total Domlnlou output. Export or a large number or vells \vlll be necessary next season. Owlng malnly to the large stock 01‘ vclls the tradlng stocks of the (tornpuny have lncrcasul cunslderA ably. The llxerl assets show the purchase of n. motor—car and small uddltlons to plant and llttlngs. Depreciatlun has been allowed for as In prcvluus years. 1 “'0“ over 70,000 tons of cheese per annum are now mmle by our members. ‘nddnlonal cu-uperallm companies that jnlnml us since the lust annual report ‘belng: llanraki Plums, Klrltakl, 'l‘ataramoa, ‘l'atun. \\'hltorlg and I’arnpnrnumu. ‘ ’l‘hn [wont and loss account shows a hul- ‘ z-ncc or 21550 25 111. Your (“rectors recomtncnrlml n (“\'ldt‘llll or 5 per cent, absorblmz [BIO Rs ‘Jrl, on the paid-up cnpllal and Ihut Ilne balance or the amount avallable, liner puynu-nt of Income “H, be relalnell n. rmlurllnn or the old dchlt tu prollt and luss :Icvnunl. ‘ Tho (Ilrrrtnr: retlrlnz by rmatlun are .\lx->srs .I. li. ln'cr'lnn, 1.). Bruce, and J. 11. .\:nr|lurh. \\'llu ull‘er thclnsulvrs for reI rlt‘rllnu. l m I