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{
    "id": 1493765,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1493765/?format=api",
    "text_counter": 202,
    "type": "speech",
    "speaker_name": "Konoin, UDA",
    "speaker_title": "Hon. Brighton Yegon",
    "speaker": null,
    "content": "external auditor. The financial statements are then presented to the factory boards for approval, together with the proposed rate of bonus. Subsequently, the directors disseminate the same to the factory and shareholders. Clarification was also sought on the amount reserved or retained from farmers’ payment per kilogram of green leaves and specific purpose of those reserves or retentions and whether they can be disbursed as part of additional payment to farmers beyond the declared bonus. The response from the Ministry is that from the above analysis, the only amount that has been retained and can be distributed is Ksh4,887,044 million for price stabilisation in Kimunye Tea Factory. There is a comparison between the retention of capital expenditure for the two factories. Kimunye Tea Factory set aside Ksh54.3 million for replacement of various machines that are critical to the functioning of tea factory like boilers, Ksh40 million, pre-sorter machine Ksh1.5 million, bin elevator Ksh1.4 million, replacement of withering ferns Ksh3.6 million, withering steam valves upgrade Ksh3 million, disposal of asbestos Ksh2 million and storage bins Ksh4.5 million. Thumaita Tea Factory, through an irrevocable resolution, agreed to retain Ksh11.5 million for the tea packing machine costing Ksh2 million, winnower Ksh4.5 million and manual latte, among other machines. This amount was set aside for those machines to be purchased. Proposed dividend relates to the returns to the holders of commercial shares in accordance with the articles of association. Retention of price stabilization at Kimunye Tea Factory is a provision to cater for future negative price fluctuations of the factory teas in the market. Number four is the basis in which the KTDA national Chairman, Mr. Enos Njeru, publicly declared that the bonus payment for the period will be at least Ksh60 per kilogram of green tea leaves."
}