DAIRY FACTORY COMPANIES.

Otago Witness, Issue 3415, 29 August 1919, Page 13

DAIRY FACTORY COMPANIES.

BRYDONE. J The annual meeting df shareholders of the Brydone Dairy Factory Company was presided over by Mr B. Parker (chairman of directors). Tho directors in their report congratulated shareholders on the continued success of the compajiy. The milk supply fell below that of the previous year, the output being 204 tons, as compared with 218. The Imperial Government took over all the export cheese at 10|d per lb., ( f.o.b. This j arrangement covers next season's output to June 30/1920. So far suppliers have been paid Is 9d per lb of butter-fat. ; On September 4 a further 3d will be paid, making 2s per lb for the season. A dividend of 5£ per cent, on the paid-up capital was recommended. A pasteurising plant had been installed, also a second separator and a new engine, at a total cost of £1632 19s Bd. Half of thi3 amount had been provided out of revenue. The addition of £250 to the Reserve Fund brings that fund up to £ll3O. The report and balance sheet were adopted. Messrs J. P. Nicholson, A. W. Archibald, 'and A A. Thomson were re-elected direc tors, with Mr B. Parker as chairman. Mr W"ycth continues to be manager. _ GLENHAM. The annual "meeting of the shareholders of the Glenham Dairy Factory Company was presided over by Mr George Crosbie (chairman of directors). The rop'Jit of the direc tors stated that there was'a decrease in the milk supply, equivaleat to three tons of oheese, the total output being 96 tons, liio Imperial Government took the cheese at lQ2<i per lb. So far supporters had beeu paid Is 4&d for the separated milk and Is B£d for the cheese-making period, a final payment of Set per lb for the latter, making a total of Is lid per lb of butter-fat. The total quantity of milk dealt with was 2261,4211 b; average test for the season, 3.62; froducirio- 79.601,8871 b fat. The Sinking 'und now stands at £6OO. A dividend at the rate of 5£ per cent, on the paid up capital was recommended. Mr W. A. Bagrie has been appointed manager. Messrs W. Bennett and W. Findlay were elected directors. Mr G. Crosbie was re-elected chairman of directors. KENNINGTON. The annual report of the directors of the Kennington Co-operative Factory Company states that £13,497 was paid out to 05 suppliers. The output for the year was 171 tons cheese, the price paid for butter-iat being Is lid per lb for the season. The credit balance is £215 14s id, whioh the directors recommend should be alloted to paying a dividend at the rate of l\ ocr cent, on the paid-up capital, leaving £B3" to be carried forward. During the year two electric motors of 5 h.p. and 2 h.p. have been installed with highly satisfactory result?. A telephone was also installed. Expenditure', continues to mount up, insurance requisites, and storage all showing increases Messrs Fair weather and Fowler (chairman) are the retiring directors. AWARUA. The annual report of the directors of the Awarua Dairy Factory Company states that the season has been a prosperous one. The supply of milk was increased by over one million oounds due to the destruction by fire of the Winton Dairy Factory, the bulk of the suppliers to that factory sending to the Awarua Company's factory. Last year 34 suppliers were paid Is 9d per lb butter-fat.. This year the 72 suppliers will receive 2s ner lb for fat. A dividend of 6 per cent, on the paid-up capital is recommended, which, with bonus, will absorb £2910, leaving.£227 to be carried forward. New shares to the number of 46 have been taken ivo, each supplier having to take up one share for every £2O received for milk during the season. The property and plant have "been improved and fully maintained. An agitator and milk-weigher had been added to the plant. BROWNS. The directors of Browns Dairy Factory Company, in their report, state that, although the number of suppliers increased by olio, the output of cheese was slightly. lower last season than the previous one. The payment for the season wjis Is ll£d per lb for butter-fat. The directors recommend the nayment of a bonus of s£d per lb butter-fat to shareholders holding one share for every £l2 received for milk during the season, and a dividend of 6 per cent., on paid-up capital, amounting in all to £1045. The retiring directors are Messrs Alex. Brown, Thos. Finn, and Thos. M'Bae. SEAWARD DOWNS. There was a. representative attendance a$ the annual meeting of shareholders of the Seaward Downs Dairy Factory Company, over whioh Mr P, Arnott presided. The report of the dircctoi-s stated that the company continues to progress. The increase of two, and a-half tons of cheese on the output of the previous year would have been greater but for the backward years. The season's averages were: —Milk to cheese, 10 00: cheese to butter-fat. 2.70: average test, 3.69; butter, 2.20. The additions to buildings and new plant cost £2226 12s 4d. Of this, £2OOO has been placed to a building fund account, to be reduced by a fixed sum annually, and extinguished in five years. The labour and repairs account was a heavy item, but was necessitated by the alterations effected. The whole property is in good order. After_ providing for the reduction of the building account there remains a working profit of £1793 4s Bd, made up of cheese in stock and stores, and manufacturing material available for the incoming season's work. When final settlements have been effected, a further payment at an

early date will be made over the full season's milk supply. Messrs D. Crosbie, John Dunlop, and Hugh Fraser were elected directors for a term of three years; Mr J. T. Morton to fill the place of Mr D. Morton, who had resigned. Mr John Dunlop was elected chairman of directors.