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RARRY'S BAY CHEESE FACTORY.

ANNUAL MEETING OF SHARE

HOLDERS.

The annual meeting of shareholders of the Barry's Bay Co operative Cheese Factory was held at the factory, on Thursday last, when there were 29 shareholders present, Mr S. Vogan, chairman of directors, presiding. Tbe annual report and balance sheet were rend and adopted as follow :—.

PROFIT AND L OSS ACCOUNT. £ s, d In tare it and Exchange Account 29 8 9 Raies and Taxes ~ .. 6 3 1 General expenses .. .. 156 4 0 Wages 587 2 6 Insurance 43 13 0 Balance 19th June. 1915 .. 2367 18 11 £3102 10 3 £ c. d i Balance 20th June, 1914 .. Q792 (i 2 Honus to Suppliers 2464 8 1 Dividend .. 97 15 9 Depreciation .. 150 0 0 271S 3 10 80 2 4 Cheese manufacturing b/c 2578 11 0 Butter „ C 36 16 11 £3192 10 3 LIABILITIES. j £ s. d Capital Account .. .. £8)0 0 0 Lees unallot'd shares 285 0 0 Legs amount owipg on shares .. 212 17 1 497 17 1 2302 2 11 Profit and Loss Account .. 2367 18 11 £4670 1 10 ASSETS. £ s d Property, plant, and buildings 3074 16 1 Bundry debtors.. '.. .. 783 16 11 htock 233 fl 1 Bank of New Zouland .. 577 19 9 £4670 1 10 DIRECTORS' REPORT.

GentlemeD, —We bave much plea* sure in submittiDg to you the statement of accounts for the year ended 19th June, 1915. The balanoe to credit of the Profit and Loss Account is £2367 183 lid The output of oheese was 1{34 tons, which is some what lower then last year owing to the unfavourable season It is proposed to pay a dividend of 7 per cent,, which will absorb £143 12g 10d, pay a bonus to suppliers of 3d. making a total of 14d on butterfat supplied for the season (£I9BO 6e 9d); write off as depreciation of buildings £75 and plant £125, carrying forward a balance of £93 193 4d. The average test for the season was 3.528. As you are aware the Company installed a whey butter plant at the commencement of the season, which has more than realised the moat sanguine expectation— S. J. Vogan."

DETAILS OF CHEESE ACCOUNT. £ f. d Stock, 20lh June 1914.. .. 184 5 0 Casing, weighing, and carting .. 70 14 9 Bandages, salt, rennet, efco .. 129 19 3 Freight and f.o.b charges .. 208 14 10 Wire. nailß, and sundries .. 54 G 0 Firing 178 15 6 Cases •• 133 io 0 Suppliers .. 7077 12 8 Profit and Loss Account gy 2578 11 0 £10606 9 0 £ c. d Sales 10391 0 11 Stoofe 215 8 1 £10606 9 0

It was reported that the profit for the year from the whey butter plant was in the nature of £350.

It was decided to pay a divided of of 7 per cent and a bonus to suppliers of 3d per lb for butler fat, making the total payment for butter fat 14d for tho season.

Messrs B. J. Vogan, W. Hawkins and C. R. Moore were the retiring directors, Meaerg Vogan and Hawkins being re elected with Mr J. J. Brocberie, Mr Moore retiring as he is leaving the district,

Ifc was decided to raise the secre> tary's salary;; from £30 to £40 per annum.

Votes of thanks were passed to the retiring directors, manager, and bia staff.

Mr S. Vogan was re elected chair man of director far the ensuing year.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AMBPA19150720.2.12

Bibliographic details

RARRY'S BAY CHEESE FACTORY., Akaroa Mail and Banks Peninsula Advertiser, Volume LXXV, Issue 3476, 20 July 1915

Word Count
571

RARRY'S BAY CHEESE FACTORY. Akaroa Mail and Banks Peninsula Advertiser, Volume LXXV, Issue 3476, 20 July 1915

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