THE DAIRY INDUSTRY.

Auckland Star, Volume LIV, Issue 214, 7 September 1923, Page 8

THE DAIRY INDUSTRY.

MORRINSVILLE DAIRY CO. THE ANNTTAI. MEETING. SUCCESSFUL FIRST YEAR. (From Our Own Correspondent 1 MORRIXSVILLE, Thursday. The first annual meeting of the Murrinsville Co.-op. Dairy Co. Ltd., was remarkable for the enthusiasm and intcrrsfc displayed by the shareholders. Mr. R. J. McCausland, chairman of directors, jiresided over a large attondThe chairman said that considering it was the first season's operations, the ■past season was a most successful one. The average payout had been ]/4.!)4 11).. which was very encouraging. They had since received advice of very good saics (if butter which had been put on the balance sheet at a very low iigure. The company would, therefore, now be able to make an additional payment of I.OCd lb., bringing the total payment for the season up to 1/6 lb. The filial payment would lie made this month. Pome of the company's butter, ho was pleased to etate, had realised ac much as ISO , / civt. and ISO/ for second grade To encourage herd-testing, continued the chairman, the company would now allow the. shareholders to purchase the necessary bottles and boxes from t-lie factory which would test the cows for 2/ each. The company had also decided to lipiir all railway freights on cream. Tn reply to a question regarding whether the directors would dispose of the produce by consignment or snle, the chairman said it was difficult to define any policy, but he directors favoured Tho method of charging for cream cartage was discussed, and a motion to nrlopt .1 flat rate of charging was defeated, so that the present system remains in vogue. It was decided to grant the chairman of directors an honorarium of 15 guineas ]>pr annum, and the other directors 10 guineas each. Messrs. F. K. Tompkina, P. MeXaughton, and J. E. Leeson, retiring directors, ■were all re-elected. The question of the publication of the auditor's report, "which was asked for by the Press, was the snbject of discussion, and the meeting decided to withhold , the report for publication. SMALL DAIRY COMPANIES. ADVANTAGES OCTOXNTED. (From Our Own Correspondent.) MORBJXSViELLB, Thursday. The advantages of small dairy companies operating in each district as apainst large companies were' put forward at the annual meeting of the CMorrinsvillo Dairy Company. ■Mr. Seifert explained it ,had been maintained hy another company that the manufacturing cost of a 600-ton factory was 3.1 d per lb, and yet the Mornnsville company had done it during the past season at 2Jd per lb, including .f.o.b. charges. 'Mr. J. E. Leeson maintained that the dairy industry could be worked to the ■best advantage by each little district managing its own factory affairs. The companies run by farmers who - were directly financially interested should be run better than those controlled by paid servants. In a small company the tests were obtained more promptly. Mr. Seifert said that there was a proposal afoot for several of the smaller companies, to combine to purchase their requirements in large quantities. This would put these small companies on the same footing ac the larger companies in the respect of buying these requirements. SYSTEM OF COW FINANCE. posrnossf of soldier settlers. (From Our Own Correspondent.) MOKRESTSVIIJJE, Thursday. At the annual meeting of the Morrinsville Co-op. Dairy Company yesterday, a scheme of cow finance was outlined in an endeavour to assist the suppliers to increase their herds. It was announced that the company had arranged with an auctioneering firm to advance money for this purpose to approved applicants. , It was asked whether a soldier eettler ( would be regarded as a suitable person I for assistance in that direction. J The secretary maintained that if the soldier's land was already mortgaged under the Crown the auctioneering firm would have no security, but that should ; be a matter for the firm. I One soldier settler stated that he had received assistance in the manner indicated. i Another supplier said he would prefer the company accepting the responsibility of such a scheme as the directors knew the suppliers personally, and • would be in a position to judge whether they could meet the demands upon them. The chairman, Mr. E. J. McCausland, said that it would be difficult for the (Dairy Company to .finance such a scheme immediately, but indicated that it might be able to do so later on. A soldier settler maintained that 40 per cent of the shareholders to the -Morrinsville Company were soldier settlers, and they would reap no advan t;'ge from the scheme. The chairman said that under the present proposals nobody would be at a disadvantage.