CO-OPERATIVE DAIRY COMPANY.

Nelson Evening Mail, Volume XXXVIII, Issue 152, 15 August 1904, Page 2

CO-OPERATIVE DAIRY COMPANY.

. ANNUAL MEETING. The second annual general meeting of the Co-operative Dairy Company was held in the Rechabite Hall at Bright water, on Saturday. Mr J. Morrison, Chairman of Directors, presided. There were also present on the platform Messrs F. Hooper, W Thorn, G Silcock. G. S. Haycock, A. ,T. Palmer and W. Dron, members of the Directorate, and Mr .T. Shar£ jun. (Secretary). There were about sixty I shareholders present. I The minutes of tho first annual meeting 1 were read and confirmed. • The Secretary read the report and balance sheet for tho year. The report read as follows :— ",Your Directors, in presenting the second annual balance sheet and report, desire to state that the Company's affairs have run smoothly during the past year. Your Directors ask for tbe co-operation of the shareholders to considerably inorease the snpply of milk during the coming season. From a perusal of the balanoe sheet and of the profit and loep account, it will be seen that after paying off tbo debit balance of £118 7s Od, brought forward frow last year, and writing off £83 18s 4d for depreciation, a debit balance of £29 Ts 7d remains. This must be deemed a satisfactory year's trading, considering tho high prioe paid for butter fat and the low price uf butter on the London market, The quantity of milk supplied during the season was 3,223,729 lbs', being an increase over last season's supply of 1.591,941 lbs. The .quantity of butter manufactured was 148,368 lbs. It took an average of 21.525 lbs of milk to make Ilb of commercial butter. From each 1 lb of butter lot wa9 manufactured 1.176 lbs of butter. The average test was 4.150. The over run wns 17.63CJ. Bright water Factory (butter fa* "Paid for to j 31st May 3,1^, *»&>*). ' «39,228 lbs; Wakefield dreamery, 34,0231b5 ; Thorpe ' , Creamery, 22,869 lbs— total. 128.1'251b5. I The butter consigned to the English market has givon every satisfaction, and | prices realised havo been good whsi^ y?W pared with other factoring..'' The Profit ? t rA J-oss, i^cc/umt ia as M- ■ lo\Y^ i r *" s. Cr,—^ of- butter, .£7BIO 3« Id ; Bale • of n'-ilk £Q IGa sdi stock of butter, ? jBSO &* 4^) tfigtxuint's. £3 12s sd ; balance, ; fßft ?a id. Total, .£7309 5s lOd. j" Dr.— lncluding purchases of butter >fat, , £4194 Os 3d, and all other working a.nd i incidental expenses, together \i\fa ijfec i hnlanse oF deficit frora '}$£ y^ar of - £188 7s 6d. makes tho baWoe as above i £731)9 5s 11XL ' Tfoi -jaftflfnian in bis address said that i- \ "ha eoHS'flersd tho result of the year's * t Adorations "were most satisfactory, seeing J that <?419 15s had been paid off the loiyi j account, as well as lvduoJ,^. the tost year's doficit from -SjrfJKi- is'tix) to .$29 7s 7d. H^s ia'the shareholders wai to t^s fchei-i* best endeavours to increase ■g tbe milk cupply. By so doing the loan . would soon disappear. Ho intended to - set an example by increasing the nv,»«ifti*.. 1 rf his cows, nnd hoped to sooij. "nave 30 . He also wished to poini-iotj that the small C amount shrv^ i h n a deficiency was mainly ' d,ue *a ijtjo expenses incidental 'to the formation of the company; but if the ! suppliers would put ' heir shoulders to the ' wheel and do their best to ii^c«*w«se the i supply, and so keep, Vf<?. "factory fully omployed r j^ v^nswuontljy increase the suoceiis of the company was assured. The plant and staff wero ahja to noal with a much larger quantity or milk than bas been recev^ ift tjb,e past. Several m^tops k regard- to the bala^o|B sheet were asked by shareholders. '. and, answered by the chairman and ' directors in a satisfactory manner, IThe manager (Mr Hendawan) imd; statistics and quoted fgwres to provojthat the Brightwatea Uairy Company wag. in a good position, and that cf>i»pr*r*d with other and l^gei;. company cwtfd weHbe satisfied if/jth th# result o# tha year's operations. $p wut^nded ti»&t the test .[4-lgP) B*Ws by the suppliers would be bftVfl to beat ia th© oniony, and also that then* butter shipped to the London marhdfc realised tho highest price ol any sen* from the colony, One shipment reached 102s a cwt. It was unanimously resolved that the report and balance «h**et be adopted as read, The chairman rss §n apology from Up. Glasgow, 4'^e company's solicitor, for. a.bsenc^. Letters from the ' Acting D£y*W Ownj tnissioner (Mr D. Cuddi» v-wa b«kJ, an- ; sworing inquiries iftade by Mr Hayoock I with regard) to starfc'ng a retail pasteurlised milk trade in the town. Mr Cuddie could not recommend starting such a trade, for fche following reasons — That the .cost of deli verv and purchase of plant necossary would be too expensive \ that r it would be necessary to deliver, the, muk in patent bottles, which, owing; to, break* ages, would be exp,etysiv£ to keep up j and that it had nos pxbved a success in places whei-e it bad been tried. | With regard to the emotion of ma« ehinery for tho manufacture of miik powder at Thorpe to supply the local market, and also to solve the difficulty and the cost of getting the cream to the factory, the Commissioner was SKvnfyhe c- uld not give the, iftfy^rjoation required, but cou>3 y^i r^eomm^nd the company to dp anything in the matter at present, as he did think it would overcome the difficulty owing to the small supply oJ milk. He added: "From wha^ can gather fr<?m, th» apents of the English syndicate whp own these machines, tbey are not yet on tbe nparket, so would advise you to apply to Natb/tn and Co. Wellington, who are agents, as l to tlj^cost of s&aohinery " Three diroctfti-s wbio elooted in place of Messrs Booper, Silcock, and .1. Palmer, who refc're by effluxion of time, Messrs Hooper and Palmer did not gpek ro election. The following shareholders were nominated -—Messrs G. Silcock, W. Coleman, E. S. Hoult, A. Gibbs, L Palmer, J. W. Win. The successful candidates were Palmer. Coleman, and Hoult Ifa <ft. S. Haycock proposed, and DJjr Mjoi;i;i§pn seconded, that gs "^o, talpn for every qo gallon^ OV| n^rtf for the purpose 9#tb,e sorter paying o$ the lpfSra. This I Wd;B carried l>y a large Hjnjprity. This j shows that the, ajipplLexa uwaa business. • A hearty- vote of- tbauss waa passed to ; th,e 4-refttm and the manager and staff for- their past services. At a meeting of the directors held im. mediatelv afterwai'ds, Mr J. Morrison was re elected Chairman, and it was resolved to call another general meeting of the shareholders on a date to be advertised.