DANNEVIRKE CO-OPERATIVE DAIRY CO. LTD.

NZ Truth, Issue 936, 3 November 1923, Page 13

DANNEVIRKE CO-OPERATIVE DAIRY CO. LTD.

Twenty-Third 'Annual Report and Balance-Shest.

The most' remarkable feature In tho report furnished by this littlo company is the omission of nny reference to the amount paid out to the suppliers for butter fat. There 1« a ''torthw payment of Id por lb for butter fat. 1 to bo made from the balanco of profit and los T account, but *hy is there no record of previous payments? The "tatlsUcaJ ; figures m the report are of the most moasro description and m "Cambist 8 opinion this detracts from their value. , Furthor. tho report Indicates a Jack of i settled business policy, which Is, per- < haps, a fair Indication that the board are not quite up to commerdal Standard. For Instance, the November output of cheese was sold to a certain firm and the December produotlon was sold to another local exploiter. The remainder of tho company's output was consigned. . "Cambist" regrets that nothing is put on record regarding tho j prices obtained for the November and December outputs, and above all he Is disappointed that no reference is made to tho account sale* which must have rtached tho company for their consignments for the bulk of their output. A v«ry instructive object lesson has