REBUILDING SCHEME

Wanganui Chronicle, Volume 79, Issue 277, 25 November 1935, Page 6

REBUILDING SCHEME

WAVERLEY DAIRY CO. IMPOKTANT DECISION REACHED At a recent meeting of the suppliers of the Waverley Dairy Company, the chairman of directors, Mr F. Johnston, reported on the progress of the investigations and the potential cost of securing the Unemployment Board’s subsidy on reconstruction works. A sum of £.3000 being available as the reserves, in cash, it was estimated that a loan of a further £2500 would be required to pay for the works. The additional annual cost would be £lOO in interest and nl.\ut £l5O in sinking funds. A saving of about £l5O in insurance and maintenance would be apparent, leaving a total of £lOO as an additional annual cost. The chairman explained that the buildings now in existence would need "renewing in the near future and it was for the meeting to decide whether further steps would be taken and the plans submitted to Wellington. IMr E. Christensen moved that no further steps should be taken, stating that at least six suppliers had ceased supplying during the last two years. It would be necessary to have a guarantee thq.t the supply of milk would be maintained. The chairman replied that from a normal 300 tons, the supply for the .1934 season had reached a peak of 580 tons. Mr C. Staite said it would be a pity if the present supplier? did not show the foresight possessed by the founders of the company, -who guaranteed the existence of the factory after its inception, and did net stick to their own concern, which was a credit to the district and an asset to the town. Mr E. Aiken moved an amendment that tho matter should be referred to a meeting to be held in January in order to complete the plans before the expiry of the time allotted for the subsidy. The bogey of farmers turning over to fat lamb raising was not genuine, he said, and the most stable form of farming would always form the basis of the factory’s supply from the surrounding districts. The amendment was carried unanimously. The meeting decided to apply to *he Council of Agriculture for an export license for butter, the directors to wait on the council. This action was necessitated by the regulation which forbids the manufacture in a whey butler churn and the fact that some of the suppliers were desirous, of •continuing to supply the factory with cream instead of whole milk as occasion demands. On the motion of Mr A. Blake, a vote of thanks was extended to the chairman.