MASTERTON DAIRY COMPANY.

Dominion, Volume 1, Issue 274, 12 August 1908, Page 3

MASTERTON DAIRY COMPANY.

The seventh annual report of . the Masterton Co-operative Dairy. Company, Limited,: to the shareholders on Saturday next '■ says':—"Owing •to the severe drought during, the ..last, season your 'directors ■'regret.. i'tp .report .that .the quantity'of .'butter-fat ..received, and butter manufactured,, as.por ; 'summary, fell'much'beJ low the' 'pj-ovious-"year's 'record, whilst .the workirig'o'spenses did not decrease in tho same ratio. Hence the balance shown this year is , After ,/making provision'for depreciation, etc., to tho extent of £242.65. 5d., a balance.of £10 10s. sd. is carried" forward. • Your,', directors note with, satisfaction that the l output was graded,-first class,-a fact which reflects, great credit on the caro and skill exercised by our manager, Mr. Wiudle. ' In December last your "directors installed an ice plant at the factorjjxandj -although-, tho manufacture of ice was commenced somewhat late in the season, the result has been very satisfactory, and' itgife confidently anticipated that the venture will,'in the future, prove a very remunerative ■one';"*;. v.-

The results-of.-last season's work are as under: — .

• Butter-fat; received,>l23,ol2lb. . Butter-fat manufactured, 135,1731b. Over-run, 9.8. Cash price'paid to suppliers.' Average for tho season 94d. The retiring directors this year, in accordance with the rules, ore Messrs. E. 'Wilton, R. Kibblewhite, and J. C. Ewingtou, all of whom are eligible for re-election. ,