Te Popo Dairy Co.

Stratford Evening Post, Volume XXXIX, Issue 83, 13 August 1923, Page 7

Te Popo Dairy Co.

ANNUAL MEETING. The annual meeting of shareholders of the Te Popo Co-operative Dairy Co. was held on Saturday. There was a representative attendance of members, including the following directors, Messrs A. W. Budge (chairman), <G. C. Knox, M. M. Knox, J. T. Oldridge. Mr Bagont (director) wrote apologising for his absence owing to indisposition. The report and balance, n« circulated, was adopted. :•'• The report recorded another successful season. The output in cheeso was 71i|- tons, an increase of 12 per cent, on last season, and the quality had given every satisfaction. Suppliers had received advances equal to Is lid par lb butterfat, and when unsold consignments were reahsed there should be about jjd more to distribute. This estimate had been made on the sale basis ol per p> f.o.b. Statistics were:—Milk received 1,550,393 lbs, average test 4.03, butterfat, obtained 62,418!b5, lbs ol cheese manufactured (factory v,e.glu) 160,744, milk to lib cheese 9.641 b., cheese to lib butterfat 2.581 b.

The chairman (Mr Budge) in formidly moving the adoption, said that in addition to the report, tfie number ! of suppliers this year was ton, as against eleven la.st year; the output w.as seventp-one tons (last year sixtyfour , tons); the manufacturing charges ixu- lb of cheese were 1.091 ,i u i;o iutterf.it 2.Bid; all charges jwr lb of cheese were 1.74 and those for butterfat 4.48 d. Last year the cost was about 2d, and there was a saving this year ot |d per H> or. the consolidated charges. Altogether, there was reason for congratulation on the year's transactions. One hundred and forty-eight crates of cheese were unaccounted for on the "Port Melbourne," but when unsold consignments were realised the payout would ho about Is 7\d. Mr O. W. Frank raised a question as to the heavy chaiges for 10quisites (£129 7d 2d) and packing material (£l3B lis Id), as disclosed iii the balance-sheet. The chairman said tho charges seemed high, but ah these things had to be purchased and every care was taken to get the best terms possible. On an enquiry by Mr Brown as t( the benefits to bo derived by contributing to the Tariki Hydro-electric Power scheme, the chairman said that when adopted it would revolutionise everything in connection with (hiiryv'ng and the country generally. The scheme was simple with no cn-

gineering difficulties and was in every way com men d able. In advocating loyalty to tie true 00-operative sjnrit, on which the sucess of the dairying industry contributed, Mr Brown mentioned that seme suppliers were not true to cooperative principles. They "separated" at heme and then d spersed pf butter to shop*, i»j-t'?ad of supporting their own factory. After an informal discussion on matters of detail businesi was proceeded with., including the election of the two retiring directors (Messrs G-. CX. Knox and J. T. Oldridgo). Tliese, on the motion of Mr Brown, were re-eleted unopposed. For the position of auditor, Mir A. J. Barr. was re-elected. A tribute was paid by several piesent on the good work of the manager, his services being generally appreciated. At the close, on the moticn of Mr M. M. Knox, a heavy vote of hearty vote of thanks was aecorded to Mr Budge as chairman, and to the secretary (Mr Penn) and staff. This was carried unanimously. At a 'Subsequent meeting of directors Mr A. W. Budce was unanimously elected chairman of the oampaiiy for tbe pnsung year.