A GOOD SEASON

Ellesmere Guardian, Volume XLVI, Issue 3256, 21 September 1928, Page 7

A GOOD SEASON

TAI TAPU CO-OPERATIVE DAIRY COMPANY.

NEARLY £20,000 FOR DISTRIBUTION.

The fortieth annual report and bal-ance-sheet of the Tai Tapu Co-opera-tive Dairy Qompany has been issued and will be considered at the annual meeting of shareholders next Friday, September 28. It shows that the company has experienced a successful season. The report states: — j "With the abandonment of dairy j control and the reversal to free marketing, the company is again enabled !to pay satisfactory prices to suppliers. The year's results leave a balance of £19,652 Is lid available. The directors make the following recommendations:. (1) That the sum of 2M per Ib. on buttorfat be refunded to suppliers for the period Ist September, 1927, to 31st March, 1928; (2) that the sum of 3*d per Ib. on butterfat be refunded to suppliers for the periods Ist August, 1927. to 31st August, 1927, and Ist June, 1928, to 31st July, 1928; (3) that a dividend at the rate of 8 per cent, per- annum be declared. "It is with deep regret that your directors have to record the death during the year of Mr John Heinzmann, who was a director of the Company from 9th September, 1907, to 28th May, 1928. "Mr F. Hubbard and Mr W. G. Macartney retire from the directorate, and are eligible for re-election. Mr J. Heinzmann has been nominated for the seat vacant on the directorate, caused by the death of Mr J. Heinzmann, senr.''

The auditors certify that the weight of butter made from each pound of butterfat used for the manufacture of butter was 1.23671b5.

The working account sets out the gross profit as £39,735 17s 6d. Working expenses total £20,083 15s 7d, the main items being: Wages £7682 8s 9d, cartage and rail £4526 6s 3d, expenses £1639 18s 9d, freezing charges £1380 0s 6d, butter boxes £1069 10s 3d, advertising, printing and stationery £948 18s 4d, coal and power £743 14s 3d, repairs and renewals £562 19s 8d ; butter paper £460 17s 7d. Under the profit and loss heading final payments and dividends are set down as £15,426 Is 6d, and the working account balance at £19,235 4s 9d. The total assets of the company are shown as £57321 12s 4d (land, buildings, plant and electrical plant £27,220 16s 9d, sundry debtors £11,688 13s 2d ; stock £18,412 2s sd). The amount set down for depreciation is £416 17s 2d. FINAL PAYMENTS. The Company announces, by advertisement in to-day's paper, its intention to make a final payment of 2id a pound for butterfat supplied from September 1, 1927, to May 81, '1928, and 3-id a pound for butterfat supplied during the months of August, 1927, and June and July, 1928.