Jmt I, 1887.] 



THE TROPICAL AGRICULTURIST. 



847 



leaving a profit of R28,114, and adding the balance 

 from 1885 the amount at credit of profit and loss is 

 E34,745. Ad interim dividends of 20 per cent, ex- 

 hausting R20,000 have already been declared, and a 

 final dividend of 8 per cent, has now been paid, a 

 balance of R6,745 being carried forward. The dividend 

 last year was 40 per cent. The estimates for 1887 

 are for 2,200 maunds at an outlay of R74,456. The 

 area under plant is 410 acres, and the Block Account 

 R96,383. 



The report of the Managing Agents of the Mohar- 

 gong Tea Company shows thatithe outturn was 1,285 

 maunds against an estimate of 1,200 maunds and a 

 crop in 1885 of 1,042 maunds. The average price 

 realised was As.7-11 per lb. against As. 10-11 in 1885. 

 The accounts show receipts of R50,995 and expeu- 

 diture of R47,209, leaving a profit of R3,7S6 andadd- 

 u:g the balance from last year the amount at credit 

 ol profit and loss will be R3,885. A dividend of 2 

 per cent, has been declared andR6S5 carried forward ; 

 the dividend last year was 5 per cent. The estimates 

 for 1887 are for 1,300 maunds at an outlay of R44,652. 

 The area of the JMohurgong garden is 215 acres and 

 the Block Account R 1, 60,000. 



The report of the Managing Agents of the Tezpore 

 and Gogra Tea Company shows that the out-turn 

 was 3,150 maunds against 2,318 in 1885 and 2,744 in 

 1884. The average price realized from both gardens 

 was As. 7i per lb. against As. 10-11 for Tezpore and 

 As. Hi for Gogra in lb85. The accounts show re- 

 ceipts of Rl,21,764 and expenditure of Rl,06,956, 

 leaving a profit of R14,808 and adding the balance 

 from 1885 the amount at credit of profit and loss 

 is R18,272; a dividend of 4 per cent is declared on 

 the A shares carrying forward a balance of R2,313. 

 The estimates for 1887 are for a crop of 2,800 

 maunds at an outlay of R104,G25. The area imder 

 plant is ()67A acres and the Block Account stands 

 at R6,05,350. The dividend on the A shares last 

 year was 7 per cent. 



The report of the Directors of the Baiutbaree Tea 

 Company for the year 1886 shows that the out-turn 

 was 133,653 lb. against an estimate of 128,000 lb. and 

 a crop in 1885 of 124,480 lb. the average prize realized 

 being As. 7* against As. 9-5 last year. The revenue 

 account shows receipts of 1162,580 and expenditure of 

 R57,362, leaving a profit on the season of R5,218, 

 and adding the balance from 1885 the amount ai 

 credit of profit and loss is E.7,355. The estimates 

 for 1837 are for a crop of 2,000 maunds at local out- 

 lay of R45,000 which includes the cost of opening 

 out and planting an additional 50 acres. The area 

 under cultivation is 334 acres and the Block Account 

 stands at Rl, 74,242. The capital of the Company is 

 Rl,60,000 and there is an over draft of Rll,723 at 

 the Agra Bank. 



The report of the Managing Agents of the Ting 

 Ling Tea Company shows that the out-turn was 862 

 maunds against an estimate of 900 maunds, and a 

 crop of 794 mauiads in 1885, the average price realized 

 As. 10- 10-22 against As. 14^ in 1885. The revenue 

 account shows receipts of R51,481 and expenditure 

 of R37,625, leaving a profit of R13,856 and adding 

 the amount at credit of Profit and Loss from 1885, 

 the available ba'.ance is R13,929. Dividends aggre- 

 gating S per cent, have been declared, and Rl,929 

 carried to new cultivation account. Ihe dividend 

 last year was 15 per cent. The estimates for 1887 

 are for a crop of 900 maunds of really fine tea at an 

 expenditure of R40,090. 



The report of the Directors of the Leesh River 

 Tea Company shows that the outturn of the Kalla- 

 goitee Division was 1,629 maunds against an estimate 

 of 1,500 maunds and a crop in 1885 of 1,412 maunds. 

 The price obtained being As. 9-2 per lb. against 

 11-1 per lb. in 1885. The estimate for 1887 is for 

 1,700 maunds. The outturn of the Hope Division 

 was 394 maunds against an estimate of 382 maunds 

 and an outturn in 1885 of 290 maunds; the price realized 

 being As. 7-7 per lb. against As. 9-1 last year. The 

 prices realized are disappointing. The e-.timiite 

 for 1887 is 550 maunds. The accounts show receipts 

 of £5,298 on account of Kallagoitee Division and 

 an expenditure of £3,777, leaving a profit of £1,521 

 and deducting debenture interest and other charges 



and adding balance from last year the amount at 

 credit of profit and loss is £955. The Hope Division 

 shows a loss of £1,056 which has been added to 

 j31ock. A dividend of 4 per cent has been paid, £250 

 taken to Reserve, which now stands at £1,000 and 

 £105 carried forward. 



The report of the Grob Tea Company shows tliat 

 the outturn was 3,238 maunds against £.u estimate of 

 3,050 mauuds, and a crop in 1885 of 2,878 maunds. 

 The average price realized was As. 7-8 per lb. against 

 As. 10-8 last year. The receipts for the year were 

 Rl,22,641, and the expenditure, including interest, &c. 

 R1,34,4S7, leaving a loss on the working of Rll,846 

 md the debit balance at profit and loss is swelled to 

 R52,935. The estimates for 1S87 are for a crop of 

 3,392 maunds at a cost of Rl,15,867. The area of the 

 .gardens under plant is 798 acres and the Block Account 

 stands at R5,59,020. 



The report of the Desai and Parbutia Tea Com- 

 pany for the year 1888 shows that the yield of tea 

 has been 136,226 lb. against an estimate of 136,0nii lb. 

 and an outturn in 1885 of 125,734 lb. The average 

 prize realized was As. 9-3 16-25ths per lb. against 

 As. ll-329-50ths in 1885. The revenue account shows 

 receipts of R79,982 and an expenditure of 1173,700 

 leaving a profit on the season of R6,282 and after 

 writing off R 1,416, for land purchased and adding 

 R-'58 brought forward from 1885 the amount at 

 credit of profit and loss is R5,124. A dividend of 

 2i per cent has been declared and R624 carried for- 

 w'ard ; the dividend last year was 9 per cent. The 

 estimates for 1887 are for a crop of 152,800 lb. from 

 an area of 493 acres at a local coast of As. 5-10 per 

 lb. which includes the upkeep of the young cultiva- 

 tion. The Block Account stands in the books at 

 Rl,50,433. 



The report of th(^ Managing Agents of the Phool- 

 barrie Tea Company shows that the outturn amounted 

 to 239,374 lb. against an estimate of 273,000 lb and 

 an outturn in 1885 of 247,774 lb. the average price ob- 

 tained being slightly over As. 85 per lb. against As. 10| 

 per lb, last year. The Revenue Account shows receipts 

 of Rl,27,002 and an expenditure of Rl,01,460— which 

 includes interest on debentures, preliminary expenses, 

 and amount written off Block, aggregating R9,393— the 

 nett profit being R25,542, and adding the balance from 

 1885 the amount at credit or profit and loss is R25,G47. A 

 dividend of 5 per cent has been paid and R47 carried 

 forward; — the dividend last year was 9 per cent. The 

 estimates for 1887 are for an outturn of 3,550 maunds 

 at an expenditure of R 100,000, or a little under As. 5| 

 per lb. The Company has suffered a loss in the death 

 of its garden manager, Mr. C. H. Pillans. The Block 

 Account stands at R5,26,036. 



The report of tbe Managing Agents of the AVasha- 

 barie Tea Company shows that the outturn was 2,724 

 maunds against an estimate of 2,200 maunds and a 

 crop in 1885 of 1,686 maunds, — the average price real- 

 ised being As. 8I per lb. against As. 11 l-6ths last year. 

 The Revenue Account shows receipts of Rl,10,287 

 and expenditure of R79,485, leaving a profit of R30,8n2 

 and ad'ding the balance from last year, the amount 

 at credit of profit and loss is R32',046. Dividends 

 aggregating 10 per cent have been paid, R8,010 taken 

 to extensions, R4,3So written off machinery and R4,651 

 carried forward, the estimates for 1887 are for a crop 

 of 3,000 mauuds at a total cost of R77,922. Proposals 

 are in circulation to transfer the Company to f.ondon 

 and to alter the capital to a sterling one of £25,000. 

 The area under plant is 523 acres and the Block stands 

 at R211,872. 



A return of R16 per share has been made to the 

 shareholders in theGowhatty Tea Company. 



Tea. — The first annual report of the Managing Agents 

 of the Chapdgurie, Tea Company for the season ended 

 31st December shows that the area under plant is 305 

 acrf'S, of which 170 acres were planted in and before 

 1884, .50 acres in 1885 and 85 acres in 1886. The out- 

 turn for the year was 422 maunds, against an estimate 

 of 340 maunds, and the average price realized, A". 65 

 per lb. The receipts were R 14,456 and the expenditure 

 R42,441, the balance being transferred to Block Account 

 which stands at R94,686. Tbe estimates for 1887 are 



