PROPOSED BUTTER FACTORY AT WARKWORTH.
Rodney and Otamatea Times, Waitemata and Kaipara Gazette , 24 December 1924, Page 4
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PROPOSED BUTTER FACTORY AT WARKWORTH.
PRELIMINARY ARRANGEIVIENTS MADE.
A v^Gll; attend eel meeting of dairy suppliers-interested in the formation of a company to erect a factory in Warkworth was. held in the Town Hall on Thursday night last. vMrWm. Hamilton was voted to the chair, and Mr Leonard, junr., was appointed as secretary to the meeting. Mr Hamilton briefly outlined^ the iieeH for : co-operation in tin* dairy farming industry, and introduced Mr Leonard, senr., who as 'one who had had an active part in starting' f-oveiul co operatve companies during the past i'evvyears, had been asked by the promoters of the movemeut to report on the suitability of prospects of VVarkwortli as a site for a butter factory.
' Mr Leonard stated,that from all enquiry made:- Wark'worth was well suited for such a business. Geographically the position was excellent, it being the point on which a number of roads converged, and was also tapped by tidal water, and was within easy reach of railway. A rwugh. canvass had: been made and sufficient cows had been promised to warrant the flotation 61 a compaioy and the erection of a factory. ;It was proposed to ask each supplier to take up two shares per cow, or on a butter-fat basis—one share for each 80lb. of butter-fat. Sites had been inspected and costs estimated for erection and equipment of? factory to turn out'loo to 150 tons of, butter per season. If it was de cided to proceed the first thing was to elect provisional directors who would high meniorandum of association, get company■'•■registered, obtaiu application for sharesj etc., etc., and probably act aslactual directors for first year of company's existence. The estimated cost of purchase of site, erectioD of factory aud equipment with everything iii/running order would be about £4,500. It was proposed to ask for 2s 6d per share on. application, and 2s 6d on' allotment; each shareholder would" have' 7-to take responsibility*
After; Mr Leonard had .'fully explained the proposal it was moved and seconded; •'That a co-operative dairy company, to be called the Eodney 00.--op; pairy Go., Ltd., be formed." followed.
:^..^A;^(Jubb, one of the directors of the'Kaipara Dairy Co., tpeakiiig on behalf of a number of their shareholders and quoting figures as to relative running costs of large and small faetoiies;.efb. .-■■-■. :,- ..■..:■ '
Mr Leonard, junr., replied to anumbe'rof. the criticiema and traversed Mr liubb's figures with others on the opposite sido. Finally the motion was pujD^to the meeting uud carried by 35 ■vo'tes:;{o;'sV';'::;-'/-- v: ..; ■ •'.
i'he ioliowiug gentlemen were then appointed as provisional directors for a period Sbfli months :—-Messis W. Haniiltonj A. VV yllie, i 3. Morrison, TiiOsYEdwards^ Fred (jrriuimer, (J. C. Elli& and A, iS.,Cafran.
V; • Mi. Leonard, senr;, was appointed asadyispry dii ector to the company at the usual reniunefation, 1 per cent, of the'turuOver. ■ ■■ _ '
A nuniber of suggestions as to procedure were maue by the meeting, oneih pai'ticular that no second hand njachinery be'purcbabed for the plant.
■:::'■'■'.'At thisl conclusion of the general meetiiJg the provisional directors met and got; through a lot of the necessary preiiaiinaVy business. It only liow remuins for suppliers to take up shaies and the factory will be aii:acconipiishetl fact in Warkworth.
