KAIPARA DAIRY COMPANY.

New Zealand Herald, Volume LX, Issue 18468, 3 August 1923, Page 13

KAIPARA DAIRY COMPANY.

i '■' — , o— ———— » I RECORD FOR THE YEAR. The annual "meeting of the , Kaipara ' Co--1 operative Dairy Company, Limited, was |. held at Helensville on Tuesday. » ' The , chairman, Mr. N. W. Rimmer, i congratulated the shareholders on ■'■■■ the) re- ! suits of the past season. ; The: output showed an increase I 'of 105; tons over the I previous; year,•/, while the ; cost of {manufacture and charges under the direct con- ; trol of the company had shewn a decrease | and were now considerably lower than the .average for the province. ;■ The advance ; payments for butter-fat to'suppliers had ; been :—Juno and July,;? 1922, Is 6d per ) lb.;" August; to December, 1922, Is 3dpei lb. (made op to Is 6d per lb. by a fur-, , ther payment ;of 3d per lb. in April); : January to May, 1923, Is 3d per lb. The • sum of £3084 had been transferred to : ."suppliers' account" to ' provide a further \ payment of ;Id per, lb. on butter-fat from 1 January-1 to? May 31, but as the quanr » tity of butter yet unsold was large; an I the London market firm at a considerable , advance over stock-taking values, it ap- , peared reasonably certain that the actual ■ final payment would be in excess of this 1 sum. Out of i the balance of profit and \ loss account the ;■ directors recommended the payment of a dividend of 6£ per cent, on paid-up 1 capital. I Messrs; Pinker ' : and ' Boyd, Auckland, • were re-elected '•■ auditors for the ensuing > year. ■ . ■■,;;.'':'•••. l ' v-; '~:'. ■■■. .; 1 ;■; The Dairy Produce Control '.- Bill \ waff v discussed, and the following y resolution i carried: That this ; meeting confirms the ir action of the > directors in not supporting • the Bill until the -financial arrangement are satisfactory." " "■ '' '*' The manager stated, that ;during the I past year 86.3 per cent.' of the output had been graded superfine, 10.4 pe? cent, : first grade, "and- 3.3 1 per -cent. * second '. grade, with the high average for' the full - year of 93.24 points. ■'P ; -- •"•'• Messrs. J. Drinnan, H; AUkenhead, ■-. J. , R. McKenwo. . and T. ,A. Gubb / were ■ ; elected directors. . " ■ J ':- r: ' 1 A special resolution sanctioning an inj crease ,of the capital of the company from £20,000 to £30.000 was carried. -