NATIONAL DAIRY ACCOUNTS

Auckland Star, Volume LXXIII, Issue 135, 10 June 1942, Page 3

NATIONAL DAIRY ACCOUNTS

£ or ? m ? n * ith all other importers, difficulties be met, but in spite of losses tnrougn enemy action, deliveries of requisites to ln dustry have been well maintained, due in no small measure to the mercantile marine and our principals :n England and elsewhere," states the annual report of the National Dairy Association of New Zealand, Ltd. The accounts for the year ended March 31 show a credit of £ 1684 after providing for management expenses, also depreciation, £2880, and other expenses. In the appropriation account, £ 1650 had been provided for taxation, leaving a credit of £457. The amount allocated, and which is payable to factories holding ordinary shares, amounts to £13,205, and the executive has decided to declare a rebate of 5 per cent on purchases of dairy factory requisites and machinery, and of 2 per cent on merchandise, which absorbs this amount Messrs. W. Marshall (Auckland). A. Morton (Taranaki) and J. G. Brechin (Wellington) have been re-elected directors unopposed.