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GERMAN BAY DAIRY FACTORY.

ANNUAL MEETING.

The annual meeting of the German Bay Dairy factory was held on Wednesday evening. There was a good attendance of suppliers, Mr G, Arm strong (chairman of Directors), being in the chair.

The directors report and balance sheet were adopted as under: — "In submitting this report the directors wish to congratulate the suppliers on the financial success of the season. Milk—The total received was 2,977,6251b3 compared 2,495,102 lbs in the previous season. Fat—The fat contained in the season's milk wee 106,7931b5. with an average test of 8.58 against 94,4361b5, with average test of 8-78 the previous season. Cheese—The approximate output was about 115 tons. Of this amount 207,8701bs were, shipped on open consignment to Bank of New Zealand, London, the shrinkage being slightly over 2£ per cent. The average price realised was 5.79 fob. Lyttelton, Christohurch agenoy—The Tai Tapu Dairy Company have soid 98,6911bs as against 18,6581b3 the previous sea eon, and this netted 5,96 per lb free on Christchufch station Details— 27 681b milk gave lib fat. It took milk to make lib of cheese. Dividend and final payment—We recommend the payment of a dividend of 5 per cent, and a final' payment of 2£d per lb on on the total fat for the past eeaBOD, making a total of 13|d per lb butter fat, Directors—The retiring directors are Messrs G. Phillips, J. A Bell and A. Kotlowski."

PBOHT AND LOSS ACCOUNT. To bonne £841 03 Id, interest and exchanges £28 5s 9d, rates and taxes ±'6 78 10d, freights, cartage, eto. £608 11s 2d, wages £322 16a 2d, insurances £73 7s lid, fuel £88 13s sd. dividend £90 9j. stamps and telegrams £5 3s sd, requisites £231 103 sd, general expenees £42 9i 3d—£2338 14s sd, balance to oredit £1100 14s 7d, total £3439 9e. By balance, August 1, 1913, £965 10s 9d, Cheese account—Total Bales £8768 6s 6d ( i e a<fo4 P Q y^?ntß for milk and ohe ese bought £6294 8a 3d)-£2473 18s 3d, total £3439 9s. liIABIUTEB. Sn^A & ln m Bhares at £1 £2 000 ('ess unallotted 127-£127)-£1873, balance pro, fit and loss £1100 14s 7d, total £2973 14s ASSETS, !£°£i*« l 7S 7d, ba,ance B ank N.Z £486 **?%}% prese " ted deques £356 83 9d) jmiuit. BUDdry debtors £10 ' total Messrs A. Kotlowski, W. B. Hammond and H. OSell were elected directors in lieu of those retiring. Mr. Hammond proposed a hearty Tote of tbarjkg to outgoing directors; Seconded by Mr Odell and carried,

Mr wa3 re appointed auch or. Mr Odell moved n vote of thanks t3 the CLitiinnan and directors for .gervicu?. DIRECTORS' MEETING. At a subsequent, meeting of directors Mr G9D. Armstrong was re-elected chairman of directors,

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AMBPA19140828.2.10

Bibliographic details

GERMAN BAY DAIRY FACTORY., Akaroa Mail and Banks Peninsula Advertiser, Volume LXXIII, Issue 4424, 28 August 1914

Word Count
451

GERMAN BAY DAIRY FACTORY. Akaroa Mail and Banks Peninsula Advertiser, Volume LXXIII, Issue 4424, 28 August 1914

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