UNKNOWN

Manawatu Standard, Volume XVIII, Issue 6780, 24 August 1900, Page 4

UNKNOWN

STJAL MEETING,

ml meeting of the suppliers Union wai held yesterday, was a large attendance. Mr chairman of directors) ocoair. t and balance-shoot, as pubsome lima ago, were read, .oving their adoption, the lid : " I have much pleasure ating the shareholders, more 13 tho directors are able to uecessful season, and can itateinent of accounts which stantial surplus on the year's [ beg to formally move the ■the report and balance-sheet, .ng been circulated, I presume ke as read. Tho report deals lQoipal matters about which icerned, and leaves very little dd. You will be pleased to 3d that the figures attached to le-sbeofc show a marked adny previous year, the quantity ;eived last season having ex- j >c year before by 794,051 [n spite of this extra turnover, jibs of expend.ture snow sub- | eductions. For instance, in /c paid £1364 13s lid for in--1 ;£2586 93 6d for cocpmis'ion, total of £3951 8s 51 ; whereas 00 we only paid £8-18 2s 33 f :,r nd £1791 10s 5i for cornmising a total of £2639 12a Bd, resents a saving of £1311103 accounts now before you aUo ithe last of our • deed horses' worked off by tho writing oft of urinary expenses. The whole al expenses in connection with ;e of agents have now been ex.----d. The amount written o& for .on and maintenance, £2182 9s appear lwge, but I would •ou'that the stability of the pends upon keeping our assets irder, and seeing that they do ir in our books at more than lal value. I believe that there il dairy companies ia the colony ot make this provision for plant jaring out, and I would suggest 3 companies will regret the day ay paid away all their profits 1 providing for the depreciation, ■n is that adopted by all shrewd men who have charge of large ings, and we must not neglect dvancage ot their wide esperiist year we divided by way of 3 sum of i£1045. This year we

to authorise the division of vhich will pay 5 per cent, to lio hold the requisite num-

shares to c-n title them cipato in the bonus. It satisfactory to note that in a new brand coming on ihe io Wellington, the eales of the butter in the colony increased ,siolbs to 832,878ib5. During ew months the Directors have irtunities of meeting suppliers at the creameries and discussing :a of the Union with them It sa to continue these visits until visited all the creameries, as we i many misapprehensions couihe working of the Unioa can satisfactorily explained. Eegard-

corning sea3oD, we can with 26 lead you to expect prieos ;he coming season that will ual those of last year. Our e3----i connection in the New Zeafket secures a fair return for Lulf aut and the Loud.id rnariiet looks for the realisation of the baianca. Brly our London agents report quality of our butter was per iisf ictory, not a single complaint eaehedthein. Thi3reflects credit aanager and his factory staff." lementing these remarks the n dwelt upon the great benefit n had conferred upon this, and y Mile Bush districts, and urged .■ehelders to be loyal to it, and 7 their support to be diverted to jtcries which might start in their lrhood. Their paid up capital very great, and they had uo to speculate, but the supplier nernbor that in supporting the jey were supposing themselves, uotiou for the adoption of tho sliest was seconded by Mr Col - >f Kelviu G-cove.

.'Eraser asked for some esplanathe item i-424 ISs 7d, legal ostiud the "Chairman replied that ge amount was incurred while g their agent*, but that the legal it this year had cost practically Jrown asked if the Chairman ell them tha amount of the subscribed capital, and tbe -y replied that it was 4354 it £2 10s per share. . oseph Dixon complimented tha ra upon the small amount l by tham as expenses, and asked ho Union wiis paying as interost nrnission. reply wa? 5 per cent in both irown then entered into a orititha figures quoted by the Chairad emphatically denied thit h' 3n l;he most expensive director on ard during his term. Fa aho i that the low amounts cti-rgcd directors was ua indication that ectors were not giving due attentha aflairs of ihe Union. Coining question of pric93 ha said tha paH lower pricas than any factory district, and (ho fact must be .ised that they must pay as much ier factories or shut up. They iaviag lii per lb for butter fa: less he Levin compr-oy, and the Union :eu driven out of Ohau and would iveti out of Manal&u. Their y for thi3_was to reduce the work penses. Tha wages of the cream sana^ers should be reducsd and economies effected r.- ply to Mr Brown Mr Bias said rection of a new creamery did not the profits qf the Association, bethey belonged to the property any. The am.'UnS of depreciation aot paid out ,to aayone, aud the ors were only meeting every sec >cd 3 in accordance with Mr Brown's s when he wa3 Oh.drman He raad out a comparative Btate'meuc ng the amounts paid1 to the DirecIrom which it npp -ared that the man (Mr Parsons) hud drawn £14 than Mr Blown had v;hile ChairParsons explained that thi^ riiffarwas due to the fact that ho Jiv-6d sr away from Wellington than Mr a did, ana 'ac thought he was worlh stra money. Brown remarked that ths figures d vindicated him and showed th-t arsons had drawn aa expanses £37 st his £17. Henderson said ha thought Mr n was entitled to credit for enmring to :find out why the Union iers v.-ere not getting as much c.3 tho iers of other factories. 1 Young esplained that no loss h.\d rel through the closed creameries, s building 3 and sites had been sold profit, .'tnd the plants were being ;ed elsewhere. c Bell slid that one pi the reasons they were not getting as high a : as others was that they get a bonus t the Union. is balance-sheet waa theu adopted de meeting. 36 profits of the Union were then opriated as recommended by the ctors, on the motion oi iha Chairjo election of two Directors was the business. liTr .Brown announced ntontion of retiring from the contest, lie Chairman declared Messrs \T6 and Millward duly elected. i giving his seasons for retiring from jpfltest Mr Brown said he had no i to find with the Directors, he was • anxious to see his district ropreed, but as his motion could not be he had no desire to go on the Beard. at he did cay about the Directors' 3y was that they had not kept down working expeaaes as thej should 3 done. In forruer years they had ays been told that tbe heavy expense he Union arose through its connection i Mr Nathan, but now that Mr ban was gone the expense still [ainecL

he Chairman pointed out that t'-ey saved £1,300 by the change, but Mr ivn contended that this was commis ■-and/interest;, and not working exies. .' '.■•'.■:'."" :" ■ ■'.-.■

Mr Wilberfoss" was, on the motion of Mr Brown, re-elected Auditor at a remuneration of £25. The Directors' expenses were then fixed at the earns, rote as was paid last year. , The question of electing the Directors htoin special districts, or from the whole district, was then discussed. ; The Chairman deprecated Mr BrowD's proposals as embodied in a. letter published in the Standard a few days ago,. and uiged that the best men should.be elected, no matter they resided. Messrs Venn and Brown supported them, the latter urging that the present arrangement disfranchised his district, the suppliers there being ouivoted by the Palmerston suppliers, who could, of course, come to the meeting without any expense to themselves. Mr Low remarked that when they had the chairman on' this coast, they were not so well treated as they were now. j Mr Knight asked what rate of pay the creimery managers received. Mr Young gave the schedule of pay, and said h9 did not thiok it ■could be I'Sone for less. Several speakers deprecated pajiDg low wages, and said a good man was worth gotd pay. It was resolved that the next annual meeting b'a held at the Theatre Eoyal, and at 12 eo'clock. Mr Wilshor moved, that for the future each creamery pay its own expenses of separating and delivering the cream to the factory. The Chairman urged that they should go on as they were doing, and all share and share alike, end on tho motion being put to the meeting, it was declared lost. Mr Hodder moved a vote of thanks to the Directors, the manager and secretary, and, in doing so, urged tho suppliers to stick to the Union.—Carried. Mr B. Matheson returned thauk3 on behalf of the Directors for tie confidence reposed ia them. The Chairman announced that the dividend cheques and bonus warrants would be available next week. The meeting then adjourned.