LATE COMMERCIAL.

Sun (Christchurch), Volume VII, Issue 2047, 6 September 1920, Page 8

LATE COMMERCIAL.

CAM DAIRY PRODUCE CO. ANNUAL MEETING. The fourth annual meeting of tlic Cam Dairy Produce Co., Ltd., was held at the factory, Camside, Rangiora, on Saturday afternoon, the chairman of directors, Mr W. Stalker, presiding over a large altcndnnce of shareholders and suppliers. The annual report stated that the output of cheese for the season had heen 201 tons. which was an Increase, on the previous year of over 38 tons. The number of suppliers was aO, quantity of milk received4,392,4oslb, and amount paid to suppliers for butterfat 2/0} per lb. During the season suppliers had received 1/0 per lb for their butter-fat. A bonus of (ijd per lb was to be added to this, making a total payment of 2/o*. The year's working had shown a net surplus of £5251 11/10, which, alter paying a bonus amounting to £-1281 10/8 and sundry creditors £SI!> 1,1/10, would leave £33 7/4 to he carried forward. It was proposed to pay a dividend of 8 per cent, on paid-up capital, which would amount to £l2O. During the year the wages of the permanejit stall' had been supplemented with a 10 per cent. bonus. As recommended by the shareholders at the last annual meeting, the directorat had made inquiries re the byproducts from whey, but owing to the cost of machinery and the unsettled state of the world's markets it had heen decided to hold the matter In abeyance. The paid-up capital of the company was given as £1502 10/2, leaving £llO7 0/10 still uncalled. It was deckled that a call of 1/11 per share should be made on the unpaid proportion, which would make the paid-up capital of the company £2072 10/-. On tho motion of the chairman, the report and balance-sheet were adopted unanimously. Mr 11. 11. Walking. Jun., was re-elected to the directorate, Mr J. Vette being appointed to flit the position vacated by Mr W. Crane. Messrs C. 1. Jennings and It. Marshall were re-elected auditors. Votes of thanks were accorded the directors and the stuff. At the conclusion of the annual meeting those present were the guests of the company at afternoon tea. UNION BANK OF AUSTRALIA, LIMITED. Referring lo the Press Association telegrain advising that the Union Bunk had declared an interim dividend of 40/- per share and bonus of 12/- per share, the Christchurch Stock Exchange has received the following telegram from the inspector for New Zealand of the Union Batik:"Message obviously an error; presumably refers Bank of Australasia."