FARMERS' BACON COMPANY.

New Zealand Herald, Volume LII, Issue 16096, 9 December 1915, Page 7

FARMERS' BACON COMPANY.

PROFITS OF WAIKATO CONCERN

Thy telegraph.—own correspondent. ] Hamilton, Wednesday. The fourth annual meeting of the Waikato Farmers' Co-operative Bacon Company was held at Frankton to-day. Mr. Joseph Barugh, chairman of directors, presiding. The net profit for the year was £1002 3s lid. The number of pigs handled showed an increase of 2560 on the previous year, and the directors re-

ported that they were unable to fill orders. There was a decrease in the number of pigs condemned, being 2.8 as against 3.07 in 1914, and over 7 per cent, in the first year. Further freezing space with a capacity of 2000 carcases was being provided by the company. The following motion was unanimously adopted:—"'That, in order to assist the directors who incurred financial obligations on account of the company, and also those who have been directors, or will be in the future, and have, or will have, incurred financial obligations on behalf of the company, such obligations being still in existence, all shareholders be asked to sign a guarantee equal in amount to the shares held by them." Messrs. Joseph Barugh and Thos. Paterson were re-elected to the directorate, and Mr. R. English auditor. Mr. Barugh later was re-elected chairman of directors.