DAIRYING INDUSTRY.

New Zealand Herald, Volume LXIII, Issue 19412, 21 August 1926, Page 14

DAIRYING INDUSTRY.

THE OPOURIAO COMPANY. PAST SEASON'S OPERATION!?. GOOD PRICE FOR CHEESE. [BY TELEGRAPH.—OWN CORRESPONDENT.] WHAKATANE, Friday. The annual meeting of shareholders of the Opouriao Dairy Company was held at Taneatua. The chairman of directors, Mr. Walter Reid, presided over a good attendance. The balance-sheet for the year ended Juno 30 showed that the company was in a very strong financial position. In presenting the report of the directors, the chairman said that as far as the price of cheese was concerned the company had had a very successful year. Owing, however to the cold and late spring and also to the after effects of heavy and unusual floods experienced last winter, the output decreased by 50 tons, and had it not been for the good autumn the decrease would have been much greater. The sale of the output up to December 31 proved a good bargain for the company. Together with a good local sale, it 'had enabled the company to pay out Is 7£d per lb. butter-fat for tho whole season, from which there were no deductions. The cheese on hand and unsold at the end of the previous se.uson realised £3OO above the valuation placed on it. Although the company was again successful in placing quite a largo amount of cheese upon the Auckland market, it was found that competition was getting a great deal keener every year with the result that the profit was not as great. Nevertheless the company considered it wise to cater for the local trade. When the books were closed for the season just closed the company had about £6OOO worth of cheese unsold, or about a tenth of the output of 735£ tons. The fine quality of cheese made in both the Opouriao and Ruatoki factories was well maintained. Opouriao won the first prize for the province of Auckland, and second prize, with Ruatoki third, for the whole of the Dominion. The Opouriao butter factory won first prize for builter for factories with an output of less than 100 tons.

. The report and balance-sheet were adopted. A dividend of 6 per cent, on the paid-up capital of the company was declared. The retiring directors, Messrs. D. M. Thorn and J. S. Rac, were re-elected, nud Mr. D. R. Revell was reappointed auditor. The question of erecting a new factory at Opouriao was discussed. It was left to the directors to gather information. Subsequently the directors appointed! a committee to inspect other factories, select the most suitable design and report to the shareholders. THE WAIMARI UNDERTAKING. OUTPUT AND PAYMENTS. [by telegraph.—own CORRESPONDENT.J WHAKATANE.- Friday. Tile annual meeting of shareholders, of the Waimari Dairy Company was held yesterday. The directors reported that the past year's output of cheese totalled 336 tons 6cwt. 811b. . This was 38 tons scwt. less than the output for the previous season. The suppliers had received a. progress payment of Is 4d per lb. butter-fat and there was a further ed per lb. for distribution, making a total of Is 6d. There was then a balance of £645, out. of which the directors recommended the payment of a dividend of 6 per cent, on the paid-up capital of the company, leaving a balance for further distribution. , Messrs. J. A. Mitchell and A. P. Wytde were re-elected as, members' of the directorate, and Mr. Hamill was reappointed auditor. < ' -Ps.ii: A dividend of 6 per cent, was declared in accordance with the directors' recommendation. COROMANDEL CONCERN. WINDING UP RECOMMENDED. [BX TELEGRAPH.—OWN CORRESPONDENT. ] COROMANDEL, Friday. The general meeting of shareholders of the Coromandel Co-operative Dairy Company, Ltd., was ftfeld this week, Mr. M. Gorrie, chairman of directors, presiding. There was an attendance of about 25 suppliers and shareholders. The .report and balance sheet were adopted without discussion. The quantity of butter-fat supplied to- the factory for the 12 months ending J.i'v 31 was 66,6291b. and butter manufactured, 78,2701b. The prica paid to suppliers ivns Is 2.15 d per lb. The net profit on the j ear's operations was £2 8s sd. Messfs. Gorrie, Campbell aiid Ritchie were elected directors and Mr. D. R. Revell reappointed auditor. ! ■' t'. Owing to a serious decrease' in the quantity of cream supplied and the nature of the report and balance-sheet of the rompany the directors had communicated with the New Zealand Co-operative Daify Company, Ltd. As a result Mr. H, H. general manager, and Mr. Missen, outside organiser, attended the meeting, and after the formal business had been disposed of they addressed the meeting, giving information regarding the policy and organisation of their company. Mr. Sterling, on the invitation of the chairman, outlined the terms under which the New Zealand Co-operative Dairy Company, Ltd., would take over the assets of the Coromandel Dairy Company and convert the factory into a bulking station for the receipt and grading of cream from the Peninsula, which would be sent to the- company's butter factory in Auckland.

After discussion it was decided,'on the motion of Mr. F. P. Burgess, "That the directors of the Coromanael Dairy Company be recommended by the meeting to take the necessary steps to wind-up the affairs of the company and to negotiate with the New Zealand Co-operative Dairy Company for the purchase of the Coromandel Company's assets on the basis of Mr. Sterling's proposals."

MATAMATA CJHEESE SUPPLIERS!. SLIGHT DECREASE IN OUTPUT. [BY TELEGRAPH. —OWN COEEESPONDENT.] MATAMATA, Friday. The annual meeting of suppliers of the Matamata branch cheese factory of the New Zealand Co-opefative Dairy Company, Ltd., was held yesterday, Mr. B. C. Taylor presiding. Mr. Dynes Fulton, chairman of directors of the New Zealand Co-operative Dairy Company, Ltd., Mr. C. Parlane, outside organiser, and Mr. S. Dixon, cheese superintendent, addressed the meeting. The average payment was announced at approximately Is 7d, plus bonus after the sale of stocks. The grade had slightly •improved, but owing to an unfavourable season, the output had decreased by 21 tons.