OAONUI DAIRY COMPANY.

Hawera Star, Volume XLVIII, 7 August 1924, Page 7

OAONUI DAIRY COMPANY.

ANNUAL MEETING. The twenty-eighth annua] general meeting of shareholders of the Oaonui Co-op. Dairy Company, Ltd., was held in the Public Hall, Oaonui, on Saturday. Mr D. Markham, chairman of directors, presided over a fair attendance. The annual report stated: During the season electric motors were installed in the Arawhata and Kina road branch factories, and these have proved a huge success, the saving in fuel being very much greater than was anticipated. The skimming of whey at Kina road was also carried out during the season, and this also has proved the wisdom of the outlay in machinery to save whey cream at this branch. The quantity of milk and butter-fat handled again shows a big increase on previous seasons. Payments during the season were made at Is per lb butter-fat for August, September and October, 1923, and March, April and May, 1924; and Is 3d per lb for June and July and November and December, 1923, and January and February, 1924. A further payment of 3d Tier lb butter-fat over August, September and October, 1923, and March, April and, May, 1924, has since been made from the available surplus as shown on the balance-sheet, and your directors now propose to distribute the remaining balance by making a further payment of lid "per lb’ butter-fat over the season 1923-24 and paying 1 per cent interest on shares. Since the closing'of accounts for the year the London market has moved upwards, and as there is still a good deal of produce to sell there will probably be a further surplus to distribute when final accounts come to hand.

Statistics attached to the report showed: Cheesemaking—Milk received 12,703,80011), hutter-fat 488,532.81b,cheese 1,283,0551 b, lbs milk to lib cheese 9.90, lbs cheese to lib butterfat 2.620. average test 3.84. Buttermaking—Milk received 1.101.4801 b, cream received 35.4241 b, butter-fat received 63,2960.91 b, butter made (creamery) 74;7351b, overrun 18.137, average test (milk) 4.40, average test (cream) 41.66. _Whev butter to the value of £2469 5s 5d was manufactured during the cheesemakiug perioc^. In moving the adoption of the report and balance-sheet the chairman gave a most interesting address, and dealt in a comprehensive manner with the past year’s operations of the company. After a short discussion the motion was carried.

The election of directors resulted in the return of Messrs D. Markham, T. Bishop. J. Malcolm, T. Gardiner, E. Reynolds, T. Fleming, and F. Baylis. Mr G. W. Rogers was re-elected auditor. Mr Grant, of the Dairy Division, gave a short address full of sound information to suppliers, in which he dealt with the advantages of herd testing and other topics of interest to the dairy farmer. Mr Grant was ac*-coi-ded a hearty vote of thanks. Taranaki Federation of 00-opererative dairy companies. A motion was adopted recommending the directors to discontinue the supply of hot water to suppliers. The chairman was voted an honorarium of £SO. The meeting concluded with a hearty vote of thanks to the outgoing directorate and to the ladies for supplying luncheon. ' ° At a subsequent meeting of directors Mr D. Markham was re-elected chairman.