4 NOVEMBER 1932, Page 40

UNITED DAIRIES.

At the recent annual meeting of United Dairies, the Chair- man and Managing Director, Mr. Joseph H. Maggs, made it clear to the shareholders that the more prosperous conditions shown in the Report were due not to larger profits on milk or goods but to interest on past profits invested in stocks and properties or loaned at market rates to subsidiary companies. In the course of his speech the Chairman referred to the success of their "six-day week," long in vogue in the Com- pany's bottling plants' departments; but - recently extended to their retail milk distributors. He declared that not oak had the health and happiness of the worker benefited, but the efficiency of the service had been maintained and even increased.