HURLEYVILLE.

Hawera & Normanby Star, Volume LXII, Issue LXII, 31 July 1911, Page 6

HURLEYVILLE.

FACTORY MEETING.

[FROM OTJR OWN CORRESPONDENT.] The 18th report and balance sheet of the above company was presented to the shareholders at the annual meeting' held here on Friday, the chairman of directors (Mr D. Hurley) presiding. The milk supplied to the factory was 4,136,541 pounds. The butter fat amounted to 156,209 pounds, and the cheese produced was 405,354 poiiids nett. The average test was 3.77, a:id the pounds of milk to pounds of cheese 10.18, the rates being t*bO. The amount paid out for butter fat to suppliers was ll^d, leaving a credit cf £503j out. of which the -iiractors recommended that a bonus of le pad out to suppliers, along with a dividend vof 6 per cent, on share capital. This would still leave a credit baance of £116, and on the motion of the chairman it was decided to pay it out to the suppliers pro rata. The total amount therefore to be paid out for' butter fat on the season's working will be 1 13-16 d, plus the 6 per cent, divi- I dend on share capital—a very handsome result and. creditable to all concerned. The retiring directors were re-ap-pointed, aand the usual honorarium of £10 was voted to the chairman. Votes of thanks were passed to the directors and also to the manager, Mr Dick, for his successful and economical management, and the meeting then terminated..