RUAWHATA SUPPLIERS

Pahiatua Herald, Volume XXXVI, Issue 10918, 20 August 1928, Page 5

RUAWHATA SUPPLIERS

SECOND EDITION

SELLING OR CONSIGNING P OPINION DIVIDED/ There were ten shareholders present at the annual meeting ot the Mangahao Co-operative Cheese Company. Ltd., held in the Ruawhata schoolroom on Saturday morning. Mr R. C. Yatos (chairman ot directors) presided. In moving the adoption ol the annual report and balance sheet, tlie chairman said that climatic conditions, during the pa*>t season, had been good and the production ot milk had increased. There had been au early drought. January art February proving the driest months experienced for a long time, but good rain early in March had brought away the pastures and increased the season’s output by 151 tons. The season’s output had been sold on an f.o.b. basis, the first half at bid which was considered good at tho time. The result had given shareholders the benefit ol a big advance and the whole of the suppliers had been perfectly satisfied. Disposal of" the rest of the season's make had li -on delayed as long as possible but finally an offer of Bid had been accepted. However, it happened that tlie market for clieeee afterwards rose which was contrary to events of - iie previous year. Tlie company had made advances at Is 5d and a further lid was available that day. In addition a ]>er cent, dividend ui paid-up capital had been paid, which had not been done for some time. Unfortunately. in August of last year, the manager's house had been burnt down ai*l the insurance had. not been sufficient to pay tor the erection of the new building, a sum of £2OO being borrowed for tlie purpose. Mr Yates complimented sluireliclclers on the improvement "in their herds bust year. They had benefitted by the increased returns, the operations of the Herd Testing Associption in the district helping them in this direction. Considerable -m -gs had been effected, during the past year’s workings. Cheese crate-, tor one thing, had been purchased locally at a saving of £3l odd. The maeager and staff were to be complimented on their work. Only 44 crates of second grade cheese had been manufactured and the chairman urged suppliers to again give their be-t attention to the quality of their n.iik. Mr W. Fergus seconded the mot’on to adopt the report and balancesheet.

Mr G. Scales expressed his di—ntisfaction with the pay-out. and condemned the directors’ hasty action in selling last season. The supplier-, lie considered, should have been con suited*

Mr J. S. Bairstow a strong advocate of the consignment pola-v. declared that statistics proved tov-ia ling to have beaten selling in Is out Ol 27 years. Mr T. B. Milne said that mippl ers had lost l s one year through c :- signing instead c. selling ai.d to i - mind this outweighed all the o'.tier years when consignment wen. He could not forget this in a hurry. The chairman said th; t the <!:: ctous had teen practicallv t'oice : to sell last year. several supi liv?s threatening to leave unless this v... re done. Mr Scales said that too much was left to the directors. "We ought to appoint new ones.” he added. “You ajuioint dire, tors to canyon your business.” the chairman remarked. “But you can have my j.no any time. All you get is worry a net abuse.” Some further dics.ussion followed on the merits or demerits of selling and consigning, and Mr Sc: leo maintained that suppliers should lie called together for their opinion before a decision to sell was arrived at. The report and balance-sheet wer® then adopted. The retiring director. Mr Bairstow. was re-elected unopisoscd. M, G. ('. Miller was re-appointed auditor. Mi- Bairst-ow moved that it be a recommendation to the directors act to dispone of any chocs.® prior to tho annual meeting. He thought that in the past the company had lest a considerable amount by being too hasty. Though they had hung on as long as they could i;.st year still the -ale had. proved a bad deal. The motion was seconded bv Mr Scales. Mr Milne moved as an amendment that a sale bo not effected tdl a. moetMig of suppliers had been called. By waiting till the annual meeting a good offer might be lost. Mr W. D. Harris seconded the amendment, which met with general approval and «« s cairied unanimously. Mr J. T. Alison thought that the coni |mny should adopt Daylight Saving again thi.s year in order to make the suppliers roll up mere promptly at tlie factory, thereby shortening operations there, and saving the fne) bill as had proved tlie case last season. The chairman: “1 think v.e had enough Daylight Saving last year to do us for a. while.” It was eventually decided, however in order to narrow up the time of receiving milk at the factory, that the factory be mien, during th« months November l-i to March l-t. from 6.45 a.m. to 8.30 a.ni Votes of thanks were passed to tlit* directors, manager and -tail secretary (Mr G. Godfrey Taylor), amt the press. At the subsequent meeting of directors Mr R C. Yates was re-elect-ed chairman of dire tors