CO-OPERATIVE DAIRYING.

Waikato Times, Volume 108, Issue 18166, 3 November 1930, Page 7

CO-OPERATIVE DAIRYING.

THAMES VALLEY CO., LTD. Mr H. 0. Cooper, chairman of directors, presided at the statutory meeting of the company in Te Aroha on Saturday, over an attendance of 80. 'lie expressed pleasure at the large attendance, and impressed upon shareholders the necessity of being loyal lo the company at all times. It would not in any way be dominated by one man, and lie warned them against such ever being allowed. It iiad been freely stated, by interested people, that the new company had paid too much lo the Te Aroha Dairy Company, but as the matter had been fully gone into and a reduction of £3500 had been made, there was good value in the purchase. The articles of association provided for one share for each 1501 b of butterfat, not more than one farthing to be called up per pound of butterfat each season. Shareholders would receive 0 per cent on share capital and there would be no proxy voting. .Mr F. S. Board, manager-secretary, staled that 23 per cent of the suppliers were not yet represented by shares, but when these were listed up the total would be nearly 19,000. The capital account now stood at £21,500. Although butter prices were down, prospects were quite fair. A noteworthy fact was that all the old suppliers had shown their faith by taking shares in the new company, which could be made a success with the

spirit of co-operation and proper attention to the supply of good cream. A bright spirit by suppliers would mean success, while undue pessimism would prove disastrous. Conditions always had a happy knack of changing for the -better, and little New Zealand would still hold its head high. Mr Wilson, of Auckland, stated that the new company had made a good bargain, and Mr H. E. Willoox referred- (

to Empire trading being fostered, as it was ridiculous that foreign countries should receive higher prices for their produce than those within the Empire. Mr R. L. Somers gave a brief history of the Te Arolia Dairy Company, and Mr J. G. 'Carroll congratulated the shareholders on going into co-opera-tion. i