GOLDEN BAY

Nelson Evening Mail, Volume 76, 2 August 1941, Page 7

GOLDEN BAY

ANNUAL MEETING OF DAIRY COMPANY PAYOUT OF 15.911) PER POIND TRIBUTES PAID TO RETIRING DIRE< TORS Between 70 and 80 suppliers attended, tlii* annual meeting of the Golden Bay) ( o operative Dairy Company, Limited, ; field m the Oddfellows’ Hall. Takaka. oil Thursday. Mr J. E. Windle, chair-, man of directors, presided. The balance sheet showed an income from all ourecs to 30th June, 1941. of [L 128.179 9s 9d in the Manufacturin'. ; and Marketing Account. The expenditure included advances for butterfat of L 90,946 0s 2d. The balance from marketing (Appropriation Account) was ; L 19.927 Ms (kl. Adoption of the report (published! i yesterday) and balance sheet was | moved by the chairman. 1 In briefly explaining the balance, [sheet, the secretary (Mr J. W. Murray): [ pointed out that the slight increase in j production costs was attributable to i j * be rise in wages and costs of materials, [tfie longer season and the higher out-: put from the factory. The increase of 129 tons in manufacture over the previous year’s figures, he said was a very line achievement and showed that, with i the advent of tractors and wider usei ot other farm machinery, production: could reasonably be expected to reach j a still higher figure. Seconding the motion, Mr A. Hodg-! kinson said that by writing down de- j preciation and setting aside reserves,' [the finances of the company had been! welded into a very sound condition. It 1 was also pleasing to note that produc- 1 lion cost per pound of butterfat had! been reduced because of the larger! output. Mr Frank Page, in congratulating the! company on having had a record | season, made reference to the fact that; some farmers, whose cows had come in j late, had been penalised by a drop of Id i per lb in the price advanced at the l beginning of the season. He considered 1 some adjustment should have been made. The chairman explained that it had i been intended to make an adjustment, ■ but as a member of the office staff had been in military camp at that time, the secretary had found it impossible to deal with the extra work in going through tlie accounts that would have been entailed. After some further discussion, the: motion adopting the balance sheet was : carried. ELECTION OF DIRECTORS Papers in connection with the postal. ballot for the election of two directors j were handed by the scrutineers! (Messrs G. Maunder and H. Mogridge) : to the chairman, who announced the \ result as follows: Mr A. H. Rose, Takaka, 422 votes; Mr J. R. Haldane, Bainbam. 384: Mr O. E. R. Page, Takaka 213; Mr K. W. Baird, Takaka, 192; Mr S. L. Holden, Hamana, 64. Messrs Rose and Haldane were declared elected. Mr Rose, in thanking the suppliers : for having shown their confidence in him said he would do his best to follow the very fine example of efficiency set by past directors. The company, in his opinion, had been very fortunate in its choice of directors in the past and he [could not remember a retiring director ever having been defeated in the ballot when offering himself for re-election. Mr Haldane also thanked suppliers for the great honour they had done him in appointing him to the directorate and assured them he would do his best. He took the opportunity of expressing appreciation of the efforts of the old directors. The retiring directors, Messrs J. E. Windle and A. Hodgkinson, who had not sought re-election, had always put the interest of the suppliers first and their success in this connection was clearly shown in the balance sheet. Further proof of the good work done by the directors was the fact that they had received wholehearted support from the suppliers and in the factory. The Golden Bay factory, he considered, was a good example of co-operation proceeding along I the right lines. The general feeling [throughout was that the suppliers could j be assured of a fair deal and he considered the building up and maintaining of that spirit one of the company’s j greatest achievements. Messrs O. E. R. Page and K. W. : Baird congratulated the successful cani clidates and thanked suppliers who had [cast their votes in their favour. Mr S. L. Holden spoke on similar lines and added a word of appreciation to the outgoing directors. WAIM EA DIRECTORS WELCOMED The chairman extended a welcome to ; Messrs D. L. Drummond. C. A. Newport (directors). R. W. Hooper (manager) and C. J. Earle (secretary*, of the JWaimea Dairy Company, i In acknowledging the welcome. Mr ■ Drummond tendered an apology on be-, 'half of their chairman, Mr G. L. Mead, ;who but for a prior engagement would, ! have been present. The representatives j [of his company in attendance had fol- j [lowed proceedings with interest and •noted the Golden Bay Company's ! record year. This he would say had i been attributable to the excellent [season experienced throughout the [Dominion and also to the response to the appeal for increased production. [ Mr Drummond also paid a tribute to [the retiring chairman (Mr Windle) [who, he said, was highly respected, not only in Golden Bay, but also throughout the Waimeas. In the retiring directors, the company, he thought, was .losing two men who had done yeoman ;service for the dairying industry in the [Golden Bay district. He admired the wonderful spirit they had shown in [retiring to make way for younger men. Mr Newport expi'essed appreciation of the opportunity given the Waimea [directors to be present. Mr Hooper congratulated the Golden Bay Company’s manager (Mr C. J. Ellery) on tlie successes he had [achieved at North Island shows during 1 recent years, which had earned for !him the respect of managers throughout New Zealand. Mr Earle also briefly returned thanks. Mr C. L. Grant, chairman of the Collingwood Dairy Company, and j Messrs H. Nalder and C. P. Reilly tendered apologies for absence. RETIRING DIRECTORS’ EFFORTS APPRECIATED Mr T. H. D. Symes said he did not j think one supplier had come to the, [meeting that day without feelings of regret at the retirement of Messrs i 1 Windle and Hodgkinson from the board •of directors. These gentlemen had , given long service to the company and had, in fact, seen the industry revolutionised during the time they had been on the directorate. The good feeling | that existed between the company and I the suppliers, he contended, could be ! put down to the work of the older I directors. Mr Symes then moved: “That this [ meeting place on record its sincere ( | appreciation of the long service given j j to th Golden Bay Dairy Company by i Messrs Windle and Hodgkinson.” Mr O. E. R. Page seconded the j I motion. J Speaking in support, Mr E. H. Nees [said the older directors had had to do the spade work and had done it well. It. had been a pleasure to be associated j

as chairman during the past 20 years, had proved himself a gentleman and had treated his co-directors as gentle men. Mr Hodgkinson, too, had been of great service to the company, especially in financial matters. It was a matter for regret that ihe directorate was losing them. Mr L. A. Petterson endorsed the previous speakers’ remarks. Though there had, of course, been differences of opinion at directors’ meetings lie had not heard either Mr Windle or Mr Hodgkinson say one word out of place. Mr Frank Page said that as an old associate of the retiring directors, he was pleased to have the opportunity to pay tribute to their integrity and efficiency. Both had done good work for the company. As codirectors, Messrs L. Hitchcock and N. F. Walker added their tributes to those of the previous speakers. Others who spoke in similar terms were Messrs J. G. Page. W. J. Jenkins, J. W. Murray, G. W. Maunder and M. V. Humphreys The latter spoke reminiscently of the early days of the company and Mr Windlc’s association with it at that time. Mr Davis incorporated in his tribute to the retiring directors an expression of appreciation of the consideration shown by the directorate to suppliers in the Collingwood district. The motion was carried by acclamON FIRST BOARD OF DIRECTORS Mr Windle briefly thanked the speakers for the kindly sentiments expressed and all with whom he had been associated during his term of office for their | co-operation and the confidence they had reposed in him. He had been on the board of directors when the company was first formed, 39 years ago. Though he had had to retire for some i years through pressure of work, he had 1 been re-elected later and had acted as [chairman for the past 20 years. As a result of his long connection with the company he could say that it was through honest dealing that such • splendid progress had been made and (the confidence of suppliers gained. [When first formed the company had j aimed at embracing the whole of the [Takaka district and small creameries (had been established in various localities over a wide area of the district. However, they had found overhead costs too great and these creameries I had been shut down in order to concentrate on the main factory. From then on the company had made sound ; progress and had never looked back. Mr Hodgkinson also thanked the i meeting for having shown appreciation lof his work. One thing he would like !to say before retiring was that he would very much regret it if a store j was opened by the company at any •time in the future. He thought such a 'move wouid be a gamble, especially as i they could not always be assured of I good management, and it was his opinion that the directors should not [gamble with the shareholders’ money. TRIBUTE TO STAFF ' It was resolved, on the motion of [Messrs O. E. R. Page and Ives, to place lon record the meeting's appreciation !of the loyalty and co-operation of the [staff together with congratulations on : the success achieved with entries at shows in the North Island. Mr Ellery (manager) acknowledged (the vote of thanks and said that a great ideal of credit for the show successes j was due to the suppliers themselves. A (high grade of cream had been received ;at the factory, but there was room for [improvement. They had not yet attainted the highest grade for the Dominion (and. after all. that was the aim. Mr O. A. Webb was re-appointed auditor to the company.