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Newspaper
Forbes Advocate
Location
Forbes, New South Wales, Australia
Date
Dec 02, 1952
Page
3
WENTY-ONE shareholders attended the Forbes Co op Dairy Society Ltd annual meeting. Despite flood disruptions, the society showed a profit above £3000 on a turnover of £168,000. The report notes improvements in dairying, new plant and pasteurising methods, and a proposed dividend and reserves allocation.
The directors praise management and IT loyalty in supporting policy and co operation with suppliers and traders. The balance sheet shows net profit of £9185 for the year, with £190 tax and other allocations to suppliers. Subscribed capital stands at £1,266, assets include plant and equipment valued at £122 and shares valued at £439. The report and auditor statements were adopted.
The special emergency electricity committee met on November 17 and updated Council on cash handling upgrades, office space, hire purchase inclusions, and protection of stocks. It approved extending discount terms to November 27 1982 and adopted a plan to place installations under Barter control with engineer oversight.
Inquires on public ward charges reveal no means test for public ward patients. Public ward fees are guineas, intermediate wards twelve, private wards sixteen, with hospital placement decided by the secretary depending on ability to pay. Pensioners incur no charge and the Commonwealth contributes weekly. hospital benefit funds cover some costs.
The 25 November 1962 wool sale report notes broad and active competition from the Continent, United Kingdom, and Japan with USA limited support. Prices for fine to superfine wools rose 2 to a per cent, while medium and broad Merino types showed irregularity. Top price reached 18d for a fine to superfine lot.
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