CAMBRIDGE.

Auckland Star, Volume XXXIX, Issue 72, 24 March 1908, Page 2

CAMBRIDGE.

Satureay. ! CAMBRIDGE CO-OPWLATVm DAIRY COMPANY, LTD. ™ A meeting of the shareholders In and of milk snppllets to the above company was held in the Farmers' Ctnb room here this aifernoon. Tbere was a. iirse aiKl-tepi-e----sentative'ga<tering, otct 50 being present, Mr John Fisher .-being in the chair.. The circular conventos- the: ..meeting stetocl-. tiie basln«iss.wa» to consider the advigitbili±y of rebniMins N thc cential factory: Hantapn in' bri<x. . The secrefary, Mr Martin ler, . explained tha±; the directors had been careftrUy considerinfe what Vwas- best to .be done in the matter of repairing the old bnOdtng. or of erectliisr anotber. one. hi brick. . Plans and specifications of sucb a buiffihig had' been prepared, and the esamateU cost was That meant that the total interest on the proposed expenditure would, at 5 per cent, be £99. There would be a saving in insurance of OS per amroEi; also a- saving of maintenance; wtiicta the- manager and directors estimated ; Et £60 per annum, making a total, saving of ' EZff per year. The oM buiUHng was estimated; to fetch £100, which weraid bring the saving each y<ear np to £83 ,iO/. Taking those-figures as-correct, -it svonlclmean Giey wonld have a new and up-to-date brid>c bufldlDg, with practically no risk from fire, at a cost of not more -than £16 10/ per jmimm in excess of their present expenditure. He moved 4 "That we should proceed with the bnlidlng of a- brick or concrete at a cost' estimated at C 1731.'' TWs wae seconded by Mr F. Hicks. Sir H4rdy moved: "That a strong- coair mittee be formed to inspect the present factory, and collect particulars for the erection of an up-to-date factory. Seconded by Mr Heslop. The chairman said that was a direct vote of want of confidence in the directors. Mr .Tamieson did not look at it in that light No one wished to deter them from erecting the new factory, bnt they did not wish, such mfeta&es.to be made as had been done at Fenconrt A v-ery lengthy and desultory discussion ensnea as to the best manner In wtricft the money snooH be raised, after which the-amendment proposed by Mr Hardy was xrat and lost 'Mr R. JFisher then movefl" "That fhe sum required be obtained from th« Bank of New Zealand; ■to be repaid in eqnaV Instalmente exteirflng over .10 years." TKS was seconded by Mr A. McFarlane ana carrtecl, only one voting against ix. r . ■■■