DAIRY FACTORY COMPANIES.

Taranaki Daily News, Volume LI, Issue 214, 3 September 1908, Page 3

DAIRY FACTORY COMPANIES.

ANNUAL MEETINGS. OPUNAKE. The annual meeting of shareholders in the Opunake Co-operative Dairy Co. was held at Opunake on Tuesday. In the absence of Mr. M. J. Brennan,, chairman of directors, Mr. J. M. Hickey presided.

The annual report was read as ,\>l- - directors have much pleasure in submitting to shareholders the 1 ninth annual report and balance-sliest' for the past year. During the season ended 30th June, 1908, 7,827,1001bs of jnilk were received, and from this' 328,3731b5 of commercial butter have' been manufactured, giving the result of one pound of butter to 23.81bs of milk. The average test was 3.75, and the overrun 11.7. Payments for butter-fat at 9'/ 2 d per lb. have been made throughout the year, and there now remains a surplus of £362 3s 8d to be dealt with. This surplus, together with payment-? already made, represents a value of 9.Sd per lb ou butter fat for the whole year.

The ablance-sheet showed that £ll,031 18s 6d had been advanced for supplies of milk. Boxes cost £3lO 18s"5d, cartage £137 15s, fuel £315 16s Id, salaries £Ol9 3s, and export charges £289 4s Id. Receipts included £13,976 19-! 4d for butter sold, and £2O 2s for bi-t----termilk.

It' was decided that the surplus lie dealt with as follows:—Payment of 5' per cent, interest on paid-up capital, £135 lis; to write off depreciation, £177 6s 6d, the balance £4!) (is 2d to be carried forward. Mr. A. Lusk was elected far Kina road creamery, Mr. M. .Callander for Opua road, Mr. ('. G. King for Ihaia road, Mr. E. C. Middleton for factory; Messrs J. M. Hickey, S. R. Feaver, and W. A. Guy were elected to fill the remaining vacancies. Mr. Geo. W. Eogers was re-elected auditor. At the directors' meeting held subsequently Mr. J. M. Hickey was elected chairman: for the ensuing year.

i CARDIFF. The annual general meeting of shareholders was held on Monday. Mr. W. Richards, chairman of directors, presided. The* report and balance-sheet as circulated among shareholders were taken as Tead, and in moving their adoption the chairman said he would have been better pleased had the amount to be paid out to suppliers been larger. The reason it was not so was partly the reduced output, and partly the increased wages. Ocean freight was also oneeighth of a penny more than during the previous season, and this alone accounted for one farthing less on butter-fat.

At election to fill the vacancies on the directorate caused by the retirement' by rotation of Messrs. Richards, MoFawgen, and Topp and the resignations of Messrs. McKean and Kalfc, resulted in the return of Messrs. Richards, Topp and McGechic, for the first-named, and Messrs McFadgen and Henderson for the latter positions. Mr. P. F. Ralfe was re-elected auditor.

It was decided to distribute the surplus on the basis of the. amount of but-ter-fat supplied. A special meeting was afterwards held at which it was unanimously resolved to register under the Co-operative Dairy Companies' Act. At a directors' meeting held immediately after Mr. W. Richards was elected chairman of directors.