Dec. 



1885.] 



THE TROPICAL AGRlCCLTURIST'. 



443' 



secnred by consignment of produce. Several payments 

 have been received daring the year in reduction of 

 loans. 



A considerable portion of the produce in hand has 

 been reahsed .•^iuce the close of the accounts, at price.s 

 which fully warrant the estimated value entered in the 

 Balance Sheet. 



The OriKUtal I'.ank has already paid 12s Gd. in the 

 pDuufl on the balance due to the Company, and thtre 

 is reasou to believe that payment in full will ultimately 

 be obtained. 



The Dtbenture Delit has been reduced from £68,820 

 to fd4,925. 



The balance at the credit of profit and loss .iccount 

 amounts to £G.SOh 8 G. 



This sum would admit of the Comp.iny declaring a 

 sub>tantial dividcui on its i)aid-up capital; but the 

 Directors, after mature cousi<leratiou, are of opinion 

 that it would be more to the permanent iulerest of the 

 shareholders to strengthen the Company's working re- 

 serves with a view to do the fullest justice to its estates, 

 than to make a present disliibution by way of dividend. 

 Thev accordiniily propose to add to 



■Reserve I'und 3,500 



Leaving f3,30.-) 8 B 



which they propose to carry forward until the spring, 

 when the question of an interim dividend will he 

 considered after the requirements of the Company's 

 Estates for ISSo-bG have been ascertained and the 

 probable returns estimated. 



B.u.\xck-Shekt .\s at 31st Au«. 1885. 



Loans made in Ceylon, 



Keal Kstate at the Amount of the 



Bonds foreclosed, 

 Tea cultivation — Amounts expended on 



Kstates for year, 

 Advances for cultivation, crop 1885-86, 

 Oa.sh Ttalancps — 



Royal Bank of Scotland, £3,039 4 

 Chartered Mercantile Bank. 1,407 12 

 Sunison Temporary Deposi':, 3,500 

 Ceylon Agents, 3 5 



£7,950 2 5 

 /*.«— Due Secretary 23 5 



7,02G 13 



Capital— First Issue of lo.O'lO Shares of £10 

 each, whereof £3 per Share have been 

 called up. £45,1.00 



ie.is— Call in arrcar. 50 



Balance due by Oriental Bank Corporation, 



in Liquidation (ex Intirest), 92S 10 



Interest in Arrear aud Accrued on Tuve.st- 

 ments, £l,7;iO U 11 



Lesi — Accrued on De- 

 bentures, 1,061 5 



729 11 



^'alue of Kstate produce on hand or 



iittraii.-iitu, as estimated, 6,689 U 2 



Office Furniture ^London), £52 19 10 



LeiS — written off for de- 

 preciation, 22 19 10 



30 



£I21..'02 l."S in 



£41,950 



Borrowed nn Delienturc", 64.9i5 



H'«erve KiKid, 2,000 

 Bills pnvable. drawn ajjaiust produce and 



for cullivalien, 2."fi8 10 7 



Outstanding .VccountP, 753 10 9 



Profit and Loss Account for Balance, r.,ii(i5 P 6 



£1L'I,'02 15 10 



-Frofit and Loss Account for Kleven Months toSUt 

 ugust 188.T : — 



J>r. 



Interest on Debentures paid and accrued 



Commission to Ceylon agents 



C'ommission on Debenturos ... 



General Charges, including Office Rents, 

 Aut"! 't's Fees, etc. 



Ch-n;es in Ceylon 



Telegrams 



Advertising 



Debentures Stamps 



Home Salaries 



Directors' Kemuneratiou 



Postages 



Income-tax 



Depreciation on Office Furniture (Londcu) 



Balance, being luofit — 



At ;iOth Sept. 1,S84 ... £l.41S 1 1 

 At 31st Aug. 1(5,S5 ... 5,387 7 5 



£11,230 13 1 

 C): 

 B.ilanceat SllSepl. l8S4l>rcu,i,'ht t'cnw.ird, £1,418 1 1 

 Inerost on Invosllnents — 



Received £.').5'2o 5 S 



Less Accrued at 3(ltli 

 SepttmborlSSl ... 3,559 16 8 



Accrued to dite. 

 In .Vircar, 



Bank and Deposit Ii,terest receive d ami 

 accrued, ... 



Discotuit and Exchange, 



Kegistriition Fef s, ... 



Roluni from Kstates in Company's poss- 

 ession, 



3,719 9 5 



140 .n 9 



311 3 



1 12 r, 



5,915 1 



£11,230 13 1 



EXPEBIMENTAIi CULTIVATION OF PEAKL 

 OV«TEKS A FAIMKH : 

 Rr.TiTiiN OF Cai'T. Donnax. 



Our Master Attendant, Capt. Donnan, got back 

 this morning from SillavatUnni aflrr ii very un- 

 pleasant trip, llie weallier being so wet nr.d 

 boisterous. We very much regret to sny (hut his 

 mission lias been an unsuccessful one alro, 

 since he fouitd all the oysters in the experimental 

 bank on the reef dead, with the exception of a few 

 which looked very seedy and had not grown a 

 bit since they were put into the bank in March 

 last. Capt. Donnan is naturally very mucli dis- 

 appointed at the failure, since he hilly expected 

 that pearl oysters would liave lived and thrived 

 in that bank as well as anywlicro, and as they 

 have not he is very doubtful of the success of 

 preserving them anywhere off their " natural 

 beds," which, .we fear, must now be looked to as the 

 only source of supply. 



- ■ -*- 



Con-KH. — Tlie wet weather of the past few 

 months has brought out a tine blossom, and 

 set it too, on som6 Nilgiri coffee estates. The 

 berry has not made the necessary progress 

 towards niaturity but looks too fresh and teinUr 

 to carry it tlirough the ensuing dry weather. 

 A late crop wilt pndmbly be the result, if it does 

 not drop off. In a way this would be tlie best 

 thing for the estate whidi will rejiay handsomely, 

 other cireunistancrs l^eiiig favmalile, next scasrii. 

 Few planter.- can atiord to lose now. to reap 

 ten fold hereafter. We tinst however they will 

 be able to weather through the distress and enjoy 

 future prosperity which we have no hesitation in 

 saying will be hardly earned. — Hotttli oj' India Ubeciver- 



