MELLS DAIRY COMPANY.

Dominion, Volume 3, Issue 884, 2 August 1910, Page 8

MELLS DAIRY COMPANY.

::l:v.;.";/;'; -ANNUAL.;MEETING.' : :' : •", ,'V,Y,-. . At the annual .• meeting' of shareholders ji' , . Of the. Mells.(South' .Taranaki) ; ; .. tive Dairy .Company,- the chairman ■(Mγ!' .;;"..>?.. Duirs) stated, that' thcy';;had ,experi- ■. >, .enced a .'good: season, and:everything had ■ '■'~ • .'gone on < very .well.". The position of the : .company 1 was -about:;«&l33 better■ than"in' ■■:■ j the.previbus'year. "After\consideringtho i...-' amount , of machinery, they-Tiad,..including ;/?.;'the new pasteurising- plant,: the-.direct "'.. "'tors .had decided on, a; policy of .writing (■'.'. off a. good'-deal , .-every/year. . It: nvas ■;■/.',-. thoughtSthat ten -per cent.:: was l ,-little <iyi enough. - . They: colild - not run; on safe ■/■'." lines unless, they wrote '.'off so -niutf h: ; , ■>;. ;'.' -J..- , The. .question- of; the' cost of inianufac-' '•'.i-.ture .was- rai.seil.'liut. the : ■"-■"■ it ■favourably :J\vith.':dtlieri:facT.. γ-tories. -They .had'only .a, small/output/ - i': If i the inilk i'supply-increased 'the'; cost : j , ' of , manufacture: .would- proportionately '. ; ; decrease.' , ",;The-company', had :only,-,made.. a- about.'seven tons butter".more'.-than-the S-v previous yeaiv' ;y '■•■■■.. -.-'■ ! :.';'!'/ :'•■':.-''■ . A : recommendation the -.directors v,'.. f that 'interest .froiri■': July. 1, 1910,'. be paid' .'■'■'.!■ at the'rate. of 5 per. cent, per ... .annum was rejected by .33 votes to 16 -v' ..votes. ...' /.: 'T; .Y-'i'Y '■" ' : . :-.-.' A 'motion, that the .directors; be'•:paid >:;■•&. a meeting und the chairman ■ 10si did .'.. not ; meet / with approval,. and it I ,was ■/,:,'■•' eventually deoided ■■; to' pay, the 'llokoia ■ ■ :-,raembors of : the;.'directorate ;ls.' and-tho-:V-i': Whakamaramembers6s. ■ ,'V ." . ■."'■" 'i;;.. Subsequently;' the;-;directorate; elected' -.-;•'■ jllr. ;W. : Duirs its jchairmanlv*',;; 'jj -,;V