Page 1 Advertisements Column 3

Otautau Standard and Wallace County Chronicle, Volume XIV, Issue 711, 14 January 1919, Page 1

Otautau Co-operative Dairy Factory Limited. ♦■ : TWELFTH ANNUAL JiEP«;IiT AND BALANCE BHGt_T. i i Heviewed by " Cambist " Finui'oial Oritio of i" Truth ■ " J This little company is engaged m ; tlie, production of chet.so, aud has ouly 80 suppliers. Tho suppliers to the Company icceived Is lOd per* lb. for their butter fat, but then tbey ate manufacturing clieese, not butter. Both tbe lepDrt and the accounts which this company has issued to tbe shareholders,, and suppliers are vety well set out, and the statistical inf jr mation is copious aud iutormafcive., As a model document for small dairy companies, <; Cambist " comavends the balance sheet, capital- account, and profit and loss account to * his farmer friends throughout New Zea Und.. The same remark applies to' the report issued by tha Board of Directors. The Chairmau seern3 to have a firm grip of matters and had a motion thafc new suppliers were to pay a premium of ten shillings per share upon the *1 shares m the company. Evidently the old hands do not like the new com.rs being placed upon the samo footing as tLose wbo have been fcr long supplier?, About the -merits of the case " Cambist " will not comment m this instance. He will merely say ihat he considers premiums upon shares m successful companies should be demanded when the business of such concerns warrant it. Thafc is when THERE ARE LARGE' RESERVES or great advantages offered by the co-partnership. This concern has no reserves, bufc its services seem to have been very good, judging by the results for the past year. .

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