DAIRY FACTORY MEETINGS

Southland Times, Issue 23612, 13 September 1938, Page 3

DAIRY FACTORY MEETINGS

SUCCESSFUL SEASON AT TITIROA INCREASE OF SIX TONS IN OUTPUT That the season had been exceptionally successful was a statement made by the chairman (Mr D. C. Livingston) at the annual meeting of the Titiroa Co-operative Dairy Factory Company Ltd. There was a good attendance. The annual report stated: — “The output for the season was 139 tons, lewt, Iqr, 211 b, an increase on the previous year of approximately six tons. The average grade for the season was 92.542 which placed the factory second on the list for Southland. The manager (Mr Syme) is to be heartily congratulated both for the high grade maintained throughout the season and also, for his success in winning the championship at the Southland winter show. The high grade resulted in the factory obtaining above the average price for cheese, there being 665 crates finest, 1215 first and 24 graded. The average payout for first-grade milk for the 1936-37 season was l/2jjd per lb butterfat. The payout to date has been 1/3 per lb butterfat, with an estimated surplus of 1.25 d when all cheese in cool stores has been shipped. The cost to f.o.b. per lb butterfat was 4.081 d, which reflects credit on the manage'ment. Stocks of unsold cheese have I been credited to the cheese sales (export) account and to the cheese local sales account at 7|d per lb.” The report and balance-sheet were adopted. Mr Livingston was re-elected chairman. It was decided to pay a dividend of 4 per cent., and to make a final payment of id, bringing the pay-out for the season to 1/4J.

FORTROSE There was a good attendance of suppliers at the annual meeting of the Fortrose Co-operative Dairy Factory Company, Ltd. The chairman of directors, Mr J. White, presided. The chairman congratulated the company on paying off the old debt on the factory, and said that the outstanding debt at present was incurred in installing a new boiler in the factory. During the season just past a new brick chimney had been erected and a pasteurizer installed so that the payout must be considered very satisfactory. Allowing for a reasonable valuation on unsold cheese, the output for the season just ended was slightly in excess of 1/3 a pound butterfat. Messrs J. White and D. Anderson were re-elected directors unopposed. Mr C. E. Bourne was re-elected auditor unopposed. It was decided to pay a dividend of 3 per cent, on the paid up capital of the company. As shareholders considered that the benefits to be derived did not warrant the expenditure, it was unanimously decided not to make a payment to the compensated price campaign fund. On the motion of the chairman, the manager of the factory, Mr J. Speden, his assistants and the secretary were accorded a hearty vote of thanks for their work during the year.

WHITERIG At the annual meeting of the Whiterig Dairy Factory Company it was decided to declare a dividend of 3 per cent, on the paid-up capital. Mr Hugh Smith presided at the meeting and there was a good attendance of shareholders. The annual report was adopted. The following directors were appointed: Messrs Hugh Smith, R. Cooper and J. H. Milne. At a meeting of directors later Mr Hugh Smith was reappointed chairman, and it was decided to pay a bonus of IJd per lb butterfat for the last season. MINING BLACKBALL CREEK (United Press Association) GREYMOUTH, September 12. The Blackball Creek dredge return was 51oz from 12,500 yards. CLUTHA RIVER (United Press Association) DUNEDIN, September 12. The Clutha River Company reports a wash-up for 139 hours’ work of 1430 z and Okarito Beach one for 112 hours of 31oz. ADDISON’S FLAT (United Press Association) WESTPORT, September 12. The Addison’s Flat Gold Mining Company report that since operations were resumed on July 13, after the removal of the plant to a new base, work has been intermittent because of suitable men not being obtainable. During the coming week it is expected full time will be began. To September 6, 68 shifts have been worked for 740 z sdwt. MATAKI GOLD DREDGING (United Press Association) AUCKLAND, September 12. Mataki Gold Dredging Ltd., reports that the telegraphed return for the week ended September 11 was 530 z for 129 hours’ work and 8000 yards.