Show f t rr I Ii ri i REPORTS O ON LAND HI-LAND 1 Our annual meeting wu was I held on Friday April 20 30 At t 1030 am a.m. a at tb the Newhouse Hotel notel Salt SoU SoUl l' l Lake Late City Olty fluting During this thus meeting meet t. t Mr Eugene Eugen Pace president nt of the thet t i association Uon made a report for tor andon and On behalf of bf the board of dl dl 1 Vectors sectors ton We have haye attempted to give 1 TO you U a digest of his hi report and the tho cn T i questions questions' and answers answer which en's ens en s 's sued below W H f fg r g Pace Face Problems Wt n Mr Pace stated that he was waa not 1 discouraged regarding adverse trends In the dairy dalry Industry and andr r felt felt that none of the members of bt the tho association should feel teet discouraged die dis by taking a square look loot x i at the problems of the association f. f t He no did feel teel however that It Is Js s sE 1 E I necessary necessary to t take ke a careful look r at our problems and then 40 t square our shoulders with a are are- resolve resolve re- re solve and determination to solve i. i f o our our r problems In the future as we wo wet t have done In the past Mr Pace commented further 7 that w word rd had come to him sa ea a that president of ot the association ither I there was a feeling among some j of the members that Land III-Land has haa outlived d Its usefulness Mr Pace I then reviewed briefly some of the achievements of the association in inthe I the field of ot marketing the pro I I of Its members Not Too lUg Dig I I Il lie Ite called particular attention to the fact that one major distributor I in this area had rt recently sold Its fluid milk and cream operation and at that time of ot sate sale on the basis baals of the newspaper account of ot ofUs I Us Its volume of business It 11 was only about 60 CO per rent Int of the size of the Land Hi-Land nd Association This dairy distribution operation operation opera opera- tion Uon that had recently sold ou out was waa torm formed In 1929 by the Ule consol console consolidation consolidation of the two largest busl busl- nesses were consolidated it probably ably represented more volume 01 or business than all of the other dIstributors distributors dis dle- combined Later tater In 1939 1039 ten years after the formation of ot this largo large dairy distribution business bus busi ness the HI Land Hi-Land Land Association was waa formed with less than thirty producers producers pro pro- pro I and with less leas than capital with a volume of ot bustness bust busi business ness for tor Its first full year rear of ot operation operation op op- op which ended Oct 31 1941 of about In sales Dividend raId Paid Now for the tho year rear ending Dec Deo 31 1961 1061 the sales of ot the IB Land Hi-Land Land Association were In excess of 10 10 and the cash dividend that was paid Dec 1 1961 brought to a total of ot the cash dividends paid to Its members and producers Mr Pace lace stated how anyone could look at the tho record and the accomplishments In this market an could come como up with the conclusion that the Land lIt Association Asso Mao elation h ha i outlived Its usefulness was mote more th than n he ho could compre compre- hend |