Untitled

Dominion, Volume 2, Issue 603, 3 September 1909, Page 8

CARDIFF MEETING: ' / '- Sharoholdors ' inr 'tho Cardiff. ,Co-Operative Dairy, .Factory'-held an annual meeting .on Monday.'ln 'his address, tJie - chairman, Mr. ..TV. Bichards,,. said that ■ tho.. company had - had. a 1 particularly : good' .year;. partly •oiWng , to. the .excellence of the. season, and jW'iily' owing., to the increased'milk 'supply. The. chainnan' 'fbriefiy .referred to some troubles the company- had had with regard. ..to firms'through which the output had been shipped,•' and..'also - expressed- the ■'hopo'..that the .action ; ".pfthe .clireet-prs in-' reestablishing •a!fund to ; prqyide'fbr the upkeep 'of • buildings .would; meet with. the .. approval v. of •' share, holders. .Thc-outlool; for tlio present seasoii was hopeful, t.hoygh fit' might, not, be! quit* sp 'good. as, last month. ' ; " '~ lii' reply :to 'Mr iv Gyde.; • the chairman 'saod it'i had: .formerly becni "the .'practice'..to, pay interest 'on':.the share capital, and in 'consequeneo as^'mueh'as'vfCO or £70 per annum had b'e-eri: paid; to.jioii-supplyiilg shareholders,, instead ;'of;wjuoh'it was now '/proposed 'to dor vote to .'a . fund for. replacement' of'!the'fact<jry's:plaiit.; ;A. bonus of '§d. per lb. 'would-W paid out to. suppliers," on September 20. . • . ,' . Messrs', "!',' Kcppe),, VStewart, '• . M'Fadgen, Jones,'. aj)d;;Susatis .were, ' elected directors. .Tlib." olih.irDiaii ; 'said' ; 'that his: : fellow-directors had had- tr groat' deal to' do last year., .and ho '.thought. I'it Was . nearly, .time they' also Were' ■paid• for: their'services. ' ■ Mr;/ Gydo.'thin. moved that 1 tho' directors' be!. paid seven-"shillings for'; each'. meeting attended by. tlieni, but the rootioii lapsed,for want of a.seconder. ' Subsequently ''Mr. W. Riohardshvas 1 elected chairnianof directors.: . " LAST PORT OF CALL'' . ' FOR MOTUROA. V ' n?EI]ZIi\G COUPVM'S IKNU\L , MEEIING Tho eighth : annuai. report. of : tho • Mbturoii! Freezing' tt'orks .L'oiupuuy, • presented , lir. share-/ Holders on Saturday,.. cuiduiodted oil 'a..fairly, .suocessful seawilil 'Tliejyear'iv'as'beg'uu'.wHli'a Ixuailco of bu'ttor j iit'sture! .of' 'IIJICi 1 bbic&'Tiliir lib-' caS3S of. chebse J,; thVy., received'' dili'liig the year 1/4,561' boxes''of'; biutfer'. (being 'airincrcitso! oil tlio previous (year; i)f 'lt);JOD'boxi't)-aad-37,250, cases.:oi, cheese ■: tali- -increase ••. of;:Wt'J■ citses).. 149,162 boxes to the - Homo market via lxmdoiO and; 1221'. .viakWcst,Coast •ports;: ,27,175 li'ad been shipped' -to-;local iand. other ports, .leaving' ,a. balance in ' store' of VBB3 boxes of butter. ? 32,t)U5 cases of cheese had ; hceu bhipped tu -tho'Homo market via.'. London, 3926-' via. West,Goast>ports, 572'locSlly,;'leaving' a. balanco iu store of IU9 cases: Tno'and a hah' per' cent, had been written ulf; buildings,. machinery and' plant, absorbing jKMS lis., 10d. : The. balance tojicredit of profit', and. loss now ; stands at <£2751; Od.' Bd., and the directors recbm- : mend that the profits: for tile year lk>" allocated, to shareholders ibn'the amount of produce put,, through' for that, yenrj/tind that, tho rate of such allocation :be, lis, per'ton on butter' alul 2s. Oil. pesr- toil bn.cheese.!•.', . ; Messrs.'Dingle'and Brown were elected directors. ' ••Mr; Corb'ett moved that it be a recominenda-, tioiL', to the '.directors to revise tho freezing" charges on butter and cheese. : • Mr. "A. Brown seconded. ' , ' ; . In . the discussion several - representatives of cheese -factories, contendedthiit;' they were • not' being treated' fairly ,b.v. the company, and that the 1 butter people, were; looking, more particularly after their own- interests, . it .was' also ■pointed, out. that the.:directorate, was composed of butter'i)ten without,a, single exeoption. ' i • Mr, 'Morion, said'fhe' sanie'queijtion arose"last' ; year,, when, after. a''grcat deal of! discussion, Messrs. 'Richards' (representing' cheese factories)' and Adlnm (representing butter factories): were. . • appointed a committee with the directors' to go into .tho' This was ■•'done,*.' «■; th I what results they" all knew. Ho could assure them that; there was'/.no iuteiitibn whatever,oil the: part; of. tlie directors to shut cheese out of the .works." With regard to' the question,' of' re pro-' fsbntatibn'oii the directorate, there might be an opinion iii some-qflarters that the cheese people had not .acted together judiciously,-and it was In .consequence .of these actions', that , they, had. Hot-got a seat,on the board. Jlo believed, hoijtever,' that ah'. opportunity, was likely., to arise for. a representative of tho cheese-people to be appointed, to,', the directorate. _• Mr, J-. 'BroWii said directors had always' endeavoured'to, be .'fair to'bo'th butter and cheese. ~ Mr. Richards thought cheese factories should get a bigger share of the-profits'. 'Mr.'.Hodgson; remarked tliat if tho directorate was composed .entirely, of. cheeso- men' lie was . people would' be prepared .to •leave their in the hands oOiie directors,' and nbt'ibe continually complaining that beiiig treated unfairly. / ;• Tho, motion'wiis eventually, withdrawn.. In retiring'.froni the chairmanship. of- the company, after, fourteen yevs, Mr. Connctt re-i ferrod 'to'-the';,fihancial troubles, the company had had to contend with in the past, but.w-hich: were being surmounted. - At; the time the' present works were; built the,company -had an. overdraft'of i£16,500, although it only asked! tho bankers for- .£12,000.. .It ,was very.-much - indebted to the bank - for.coming- to its assistance oil that occasion; Now:'he would be,retiring ftom : tile chairmanship v with'an overdraft.'.of, less than: bE-1000. ' : . . ■ .' .. On the,;moti6n of Mr.-Adlam it was decided! that the chairman be- voted' for his' .'ser-. vices 'during;the,past. year. • 1 -. The chairman,' in returning' thanks, referred to the harbour .w-orks,,;:and :said that in;'the' • near future direct:boats'would be coming along-' side the ivh'arf to take'the produce away.... : . ~Mv. Hodgson: Can you give us an assurance to that''cffect? , . / -Mr. Connetti'The Harbour Board has had expert on the subject,, and • Captain Bone, of the New Zcalandi'Sliipping iCompariy,.' says there' will,be'no difficulty m bringing'-,his boats there. I think that is hotter than any assurance I can give .you. ■;. A shareholder: And is; it going, to be the last port of call ? ;■ • " " Mr. Connett said produce was the last thing to'be taken on board, and it;V'as for : this rea- . son the boar(l had decided to dredge an ; additional ' threo feet, - which would Jie . necessary,' , seeing, that. the .boats would'-! bo, praoticaliy loaded when they.'came here. He knew-many peoplo;thought he was too optimistic. 'He hall been optimistic for. thirty years, and tho, object for which' lie had. been fighting was now very near.': • • •"■_ ' WAR AND THE WOOL PRICES. WOULD NEW ZEALAND SUFFER?' : lii the'past (writps Mr. J. 8., Holliugs, in the "Vastoralists' lieview"), wnr, has always been bf : direct -'benefit' tf? wool-growers in every part , of, the. world) at . so far hs tho price of material is concerned. I - have never yet known-during the- last twenty-five , years any conflict between nations but what it lias meant higher wool values; and this will always be the inevitable' effect of wnr. And . why? • Simply because'of the increased demand -made by the' military department tor its troops on the'field. The late South African war brought into existence a difforent.kind of fabric :for Tommy Atkins, and the adoption of the khnki shade led to a. very large consumptibn of medium and coarse crossbrod woolVinstead'of 'Merino., • :As one looks-into".the-. futureit can be takon - fqi' (trnnted that. whonover war breaks out it-,will mean highor prices for-wool, simply