BARRY'S BAY DAIRY FACTORY.
ANNUAL MEETING OF SHAREHOLDERS.
The annual general meeting of shareholders in the Barry's Bay Cooperative Dairy Factory Co.,' Ltd., was held at the factory, Barry's Bay, yesterday, when there were present about twenty five shareholders, Mr S. Yogan (chairman of directors) in the chair.
- The annual report and balance sheet read and adopted as foi
lows: — "Gentlomer^—We have much pleasure ia submitting tosou the statement of Accounts for the year 'boded June 20th, 1914. Tho balance to credit of Profit arid Losa is £2792 6s 2d. The output of cheese was 220 tons, again establishing a record.. Ie is proposed to pay a dividend of 7 per cent., which will absorb £99 193 2d; pay a bonus of 3Jd, making a total of 14-j-d paid on butter fat supplied for the season £2464 83 5d ; write off as depreciation of buildings £100 and plant £50, and carry forward a balance of £77 18s 7d, The average test for the season was 3 56. The Company is installing a whey butter plant, which it ia to be hoped will improve the profits of the following year. Messrs T. Stewart, R., A. Pettigrew, ano G. Mou[d are the retiring Directors, but are cli. gible for re-election Mr C, W; Leeta again offers his services as auditor."
Mr S. J. Vogan, in moving the adoption, said it bad been a very prosperous year, and, if it had not been for the strike, the profits of the company might have been even better. ' ■.■•■■.•■•■■ ■'■ ■ ■
Messrd R. A. Pettigrew, T.Stewart and G. Mould retired by rotation from the directorate, and were reelected.
Messrs R. A. Pettigrew, T. Stewart and G. Mould returned thanks for their re election,
Mr C- W. Leete was re appointed auditor for the ensuing year-
Mr R. Stewart moved £10 be voted to the secretary as a bonus for the extra work'he had done in connection with the factory's books.
Seconded by the chairman
Mr T. LeComte moved, as an amendment, that the secretary's salary be raised £5.
Seconded by Mr T, Wakelin. The amendment was lost, and the motion carried.
The secretary (Mr Murdoch) thank ed the shareholders for the bonus.
Mr W. O. ' Gidden'a moved the manager be voted £5, and his two sons £1 each. ♦
Seconded' by Me- F, Lβ Valiant
Mr T. Wakelin said he thought the shareholders should appreciate the manager having got first grade throughout the whole year, and tiiis was the only factory on Backs Peninsula that had done that.
Mr R. A. Pettigrew said the assistants had left throughout the year, and had been a great trouble. Mr Brownlee's sons had assisted him materially. Hβ moved, as an amendment, that JEIO be granted the manager, and his two sons £2 each. ° Seconded by the chairman.
The chairman said Mr Brownlee had been to a great deal of trouble, arid had gone to the North Island in connection with the whey butter factory. The motion was withdrawn in favour of the amendment, and the amendment was carried as a motion.
The chairman complimented the manager on obtaining a first grade test throughout the season. The manager thanked the directors foa the bonus, and hoped to do as well the coming yeav.
The chairman read a letter from the Pigeon Bay dairy factory, asking on what terms they would make their butter for if they sen!; their whey cream over to the factory.
Mr R. A. Pettigrew said h9 bad seen some of the Pigeon Bay suppliers, and he had told them that he thought that the Barry's Bay factory would meet them in the matter.
Mr Jj. Hunt moved it be a recommendation to the directors to make the arrangement with the Pigeon Bay factory re butter making.
Seconded by Mr J. Wilson and car ried.
Mr Hunt moved a hearty vote of thanks to the chairman and directors for the capable way they had carried out their duties during tba year.
Seconded by Mr K. Wakelin and
'.wj'i owned. '"' &m in retur ned thanks. '&W T R A - Pett 'g r ew moved the following motion :-"That the capital of be increased to the of £2800 by the creation of capital of £1800, divided ;^ikf>- ; -1800 shares of £1 each, such' ■i 8^ 9,6 '* '° c i aa ordinary shares, IJjiM s^o ? a 9 *° dividend or interest and of capital on a wind,'jjog Op ,l pari passu" with the ordinary Jehares in the existing capital of the ■Company." Seconded by Mr Hawkins, and carrie&kinanimously It whs resolved to bold a meeting of shareholders to confirm the above motion on August Ist.
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BARRY'S BAY DAIRY FACTORY., Akaroa Mail and Banks Peninsula Advertiser, Volume LXXIII, Issue 4413, 17 July 1914
BARRY'S BAY DAIRY FACTORY. Akaroa Mail and Banks Peninsula Advertiser, Volume LXXIII, Issue 4413, 17 July 1914
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