He strongly advised those establishing the concern to keep the management in their own hands, He would rather see the shares in it all held by the milk suppliers. In that way, it would bo purely co-operative, It should be established on its own footing. He hoped the farmers would take up the matter with enthusiasm. Mr Dumblcton said 9}d per poJgt for butter was rather more than average price. In his opinion the feeding value of whey, properly treated, was greater than was generally believed. It was possible to raise iirst-clsss calves on whey. Mr C. H. Smith said he had seen calves reared on whey, thrive until they were four or Bye months old, and then go back. The whey, which was made one day, would not be taken till the follow ing day. Another defect was, that of people never warming the whey. It was fed to the calves iu a cold state, which was then entirely different from their natural food. That was what produced inflammation, Ho knew in one case, on a cold day, of a farmer feeding calves with cold whey, and three or four of them "turned up," And what else was to be expected f If they put in some linseed, or some other suitable substances, and warmed it, whey was just as good, in his opinion, as separated milk,

i Air Dumblcton said the last speakct'l 3 remarks were quite true. , Mr Brown said if they started with r butter, there was nothing to hinder them 3 going in for cheese afterwards. ? Mr Chamberlain said that more than t half the suppliers lived beyond the litdk 3 that would suit for a eheeae factory, w , Mr Bannister then seconed Mr Renall's , motion that it be a cheese factory, which r was put to the meeting and declared ) carried, • Mrltenallmoved.andMrOlliversecond ! Ed, that the name of the concern be the ) Masterton Cooperative Dairy Factory t Company, Limited—Carried, i Moved by Mr Henall, seconded by i Mr Creelman: That the capital be £2OOO, • in 'JOO shares of £5 eacli-Yiz-i 5s per ) sharo on application, 15s on allotment,. and the balance payable at the rate of ■ £1 per sharo per year. 