DAIRY COMPANY'S YEAR.

New Zealand Herald, Volume LXIV, Issue 19699, 27 July 1927, Page 9

DAIRY COMPANY'S YEAR.

NORTHERN WAIROA CONCERN

, ANOTHER RECORD OUTPUT.

DIVIDEND OF SIX PER CENT.

'[BY TELEGRAPH.—OWN CORRESPONDENT.] ' * DARGAVILLE, Tuesday. The. twenty-fifth, annual report • and balance-sheet of the Northern . Wairoa Co-operative Dairy Company, Ltd., to be presented to shareholders at the annual,; meeting, shows the progress of. the North-., ern Wairoa during the past 25 years is amply, reflected in the operations of the company. Starting in 1902 with 84 sup-- ; pliers, the company made 64.50 tons of ; ' butter, for which at 10,38 d per lb. butter-. fat, the suppliers received £4532 16s 9d c < This year's figures show that there were 683 suppliers, there was a record output-, of 1943.44 tons of the price for, butter-fat was 14.58 d per lb. and the total paid to suppliers £234,996 19s Aid. v Only twice has this> distribution, been exceeded—in 1921, when it was £255,151 18s sd, with butter-fat at 29.00 d per lb., and in 1924, when, with butter-iat at 18.37 d per lb., it was £235,798 2s 2d t llie total amount of butter made by th&company during the 25 years amounts to. 17,848.85 tons, and amounts paid to sup-, pliers to £2,405,984" 0s Id. The directors, in presenting this year's, balance-sheet, state that after allowing for depreciation, etc., a total of £4050 19s, 7d, there is a balance of £38,641 5s lOd, which they recommend shall be priated as follows:—lnterest at 6 per cent on shares, £1321 Qs sd; final payments, June, July and August, Id per, lb.; October, December and January, 2d; November, March, April, May, 3d; Febrtf v ary, 13; June to May inclusive, ~375d> making a total of £37,202 12s 2d,- Balance to carry forwardj £ll7 12S 3d. ■ The average price for the season for superfine butter; with cream cartage and interest added, was 16.74 d per iB. The increase in production was 310.17 tons, compared with the previous year. The average grade was 92.71. In addition to ordinary business at the meeting, the following notices of motion will be dealt with:—Mr. A. E. Harding to .move: ."That the company pay the late manager, Mr. T. Downs, £l5O in con.sideratip.n of valuable services rendered to the company, during the past 16 years." Mr. R. E. Clements to move: "That tha company purchase the Northern Wairoa Lime Company's lime works and plant at Whakapirau for the sum of £2950 lis lOd, as offered to the directors by a deputation to the board on July 14, 1927." , s : . , Messrs. E. Harding, W. Simpkin, and W. P. Begg are retiring directors, and offer themselves for re-election. Nominations for the election of directors close on August 6, and if necessary a postal ballot willbe held., V CLEVEDON FACTORY TO CLOSE.

■v.'oi '■ . THE BUILDING OBSOLETE

The Clevedon branch factory of the New Zealand - Co-operative Dairy Com- , Lilcitedi r is .closed down by thq^cpjmgtaag*;and, .pjjeaip previously dealt witji ; at,-tms factory . AvjU ,iu future, be sertt.ifr'&iftrrf&k .' *''■ ~ r Mr. W. Goodfellow, managing-director of the company, Stated yesterday thaVthe factory -was housed'in a', small;, dbsolele ,bui|ding which was becoming unsuitable for use on account of age, and it was considered cheaper to send the cream to Paerata rather than to.erect a pew building at Clevedon.

VOLUNTARY LIQUIDATION.

THE WAIOTAHI COMPANY.

[BY- TELEGRAPH. —OWN CORRESPONDENT. ] ; OPOTIKI. Tuegday. Thei annual meeting of shareholders of the Waiotahi Dairy Company was held yesterday. The manufacturing account showed a gross profit of £4Ol 19s 4d, and the profit and loss account a profit of £lO 13s 3d. The assets were set down at £4176 18s 2d. The report and balancesheet were adopted. Messrs. W. N. Howe and (E. S. Bone were re-elected directors and Mr; D. R. Revell auditor. '■ '> '■ At an extraordinary meeting held afterwards shareholders confirmed the .resolution to go into voluntary, liquidation. Mr. T. H. Pearson was appointed liquidator. OVERSEAS FRLJIT MARKET. CONTROL BOARD'S REPORTS. The New Zealand Fruit . Export Control Board has received the following advice from MontevideoMahia, average, c.i.f., Riov de • Janiero.—Extra fa-icy: Delicious, 16s. Fancy: Delicious, 14s .lOd; Jonathan, 13s Id; other reds, 12s 6d. Port Caroline, Montevideo—Extra fancy: Delicious;'l7s. FftßcyßeliQijpus,.;lss 6d; Jonathan-,. 13s7d-; other reds, J2s lOd; Dunns, 10s* 6d. Colonel :C. Gray, the board's representative in London, advises as follows ;-rHurunui, ,Avonmouth: Sturmers, 17s, 225; Statesman, 225, 245; Rome Beauty,, 21$, 235: Pioneer, 20s. Hurunui, Glasgow: Sturmers, 14s, 21s ; Rome Beauty,,. 15s, 20s; Statesman, 20s, 255; Winesaps, 15s. Middlesex, Liverpool: Sturmers, 13s, 17s; Rokewood, 17s, 20s; Dougherty, 17s, 19s.' Middlesex, Glasgow: Sturmers, lis, 18s; Dougherty, 14s, 225; Tasma, 16s, 20s; Rokewood. 14s> 19s; Cambridge Pippin, 15s. . The markets is weak and •brown heart is showing.