United Dairy Company

Manawatu Times, Volume 60, Issue 175, 27 July 1935, Page 6

United Dairy Company

TWENTY-SECOND ANNUAL REPORT The annual report of United Co-op-erative Dairy Company records that the season just ended has been quite a fair one, excepting the dry weather experienced last summer, which was the most severe partial-drought experienced for a considerable number of years. However, onco tho long-looked-for rain fell, it no doubt proved a blessing in disguise. Prices had been rather better than tho previous year, as a reference to the statement of the profit and loss account showed. The company established a new record in tho output of tho factory, having exceeded all previous years. Tho outlook for the future is, no doubt, brighter than at this time last year. Businessmen in the retail trado report increased sales, which indicates more ■money in circulation. This, no doubt, is a very helpful indication of the trend of trade throughout the Dominion. The balancing of tho budgets in tho countries belonging to the British Commonwealth of Nations is a very good omen. This time last year there was a sitting of a Royal Commission, which, no doubt, did an enormous amount of work in taking evidence in relation to tho dairy industry. The result had been tho establishment of a new Dairy Board which will havo the sympathy of the wholo industry in its endeavours to sot'vo a lot of our problems. Perhaps the most important at present is tho stabilisation of' butter prices on the local market. The company is still an active factor in the marketing of butter in New Zealand. The business is still growing, and now the company has a clientele from Napier to Wellington. Perhaps tho most notable event during the past year has been the final payment of the company's debt to the Bank of New Zealand. “Wo are now free of debt, and the directors wish to thank ail the suppliers who have helped to make this possible,” the report adds. ‘‘The factory products have been very succesful at all tho shows during the winter, and wo wish to congratulate the staff on its success. The surplus available for distribution (IJd) will be distributed on' the 20th inst, following a -well-established precedent.

“The retiring directors are Messrs E. Harding, J. Murray and S. E. Worboys, who, being eligible, offer themselves for re-election. Mr N. Webley the retiring auditor, offers himself for re-election.” , .