CO-OPERATIVE DAIRYING

Hawera Star, Volume L, 30 July 1930, Page 10

CO-OPERATIVE DAIRYING

.NOK.MANBY OOMPAN Y

ANNUAL MEETING

The annual meeting ext' the N.oimuunby Cta-operative Dairy vomapny was contil iidea yesterday afternoon. Tlie auditors reported.' that they had found the accounts m excellent order and tae work of the secretary and staff well done. Apart from investments in outside companies, they stated. they considered t.hc. balance-sheet. satisfactory. The )kix coanipany’s affairs were still "in status quo,' whte the Rennet Company had made a remarkable recovery and inid made a rebate to customers on purchases, besides paying a dividend. Tlie slight difference in working- expenses wa.s accounted for ,by increased output, and the manufacturing costs were still very low. They expressed thanks for the continued confidence of the directors. QUESTIONS. ]n reply to Mr Crocker, the chairman said that a cluing© had been made m the company writing the accident insurance because it was of advantage to Normanbv to do so. All insurances, lie added. .had been .revised and brought up to. date . Referring to working expenses the chairman said tliat crates had been ,dearer and salaries and wages increased on account:of the extra output. There had been also, lie said, an increase in storage charges at Patea, due to the policy of the Dairy Board m holding with the intention of equa, is- | iug shipments over the various months He remarked also that the overdraft . was the same as ten years ago, al- ! though production had increased, by KJO I per cent. In addition, the general reI serve had been largely increased. |' Referring to a question on herd testi„,r by Mr" Crocker, the chairman said that Normanby was ashed to guarantee £IOO but they could 1 not agree. Ho suggested, however, getting all members who were testing to give support individually, and that that would meet the position.

DEFINITION OF TERRITORY. Hi jo. c. Erl ©soul oromgiH Up i|UxiaCiou ox [lie aeniutien m oci'i i «**»>' iis oeovvecu express©.! tne hyp© teat- Aonuianoy v.oJ.ci jiiiK up on tins question wim - 1 - 1 Li..am «un s ano mwui'a. m tats© u ay o ci good roads, aie said, men© was danger oi suppliers eroxsiugi ov©i, anu me cun.suit..cm iney smw.a meet, tne ot.tier companies anal come to an under-j standing, tie said the, day was not iari distant when new expenditure would be required at tueir own laotory because tlie laud could be much developed, and they should! keep Noiflianoy iactory tor its own district. The chairman said he. had met delegates of the other companies and liatli in veil support to a, scheme ot detining lor ll toriO'. An agreement Imd been sio-ued by a,LI, and they must rcEy on their good word. All had agreed to refuse to take the supply from dfstiicts outside their own, but it was tor one season omy. Mr Gibson said there was more produce to come from the land round Normanby ,and they should be self-con-tained in their own area. The chairman said there was loom .still for more vats in case of an Increase in milk supplyI GENERAL.

The directors’ fees were fixed at the, same figure, as last year. The honorarium of the chairman was made £/5 —-the same as previously. It was agreed to pay 4 per cent, interest on capital, an amendment to pay 5 per cent, being defeated. In reply to JVlr Jixckson. wiio n s keel whv coloured cheese was not made from January to the end of the season, the chairman said it did not suit t»ta© coinpany to clo. so, and would not biing tlie best results.

THANKS. A hearty vote of appreciation was carried to the manager and staff, and to the secretary for good work during the year. Messrs Hoperoft and! Cameron .briefly acknowledged the compliment, the iorm.er remarking that the company had an excellent staff and all! were doing their very best in the interests of the factory. Mr “ Cameron said it was a pleasure to work for Normanby and bo remarked that he hope d at an early . date to supply definite results regarding standardisation. , , A vote of thanks to the Press and to the chairman concluded the meeting.