SUPPLEMENT 



TO THE 



Tropical Agriculturist and Magazine of the Ceylon Agricultural Society. 



COMPANY ANNUAL REPORTS. 



THE CEYLON (PAHA) RUBBER 



COMPANY, LTD. 

 Directors : — Messrs. R. B Magor, W. H. 

 Sayill, A N Henderson, and W. Forsythe. 



'i'lie Directors beg to submit tlie First Annual Report 

 with Accounts showing Expenditure incurred to the 

 30th fSeptember, last. 



PLANTING. — The area planted during the South- 

 West Monsoon amounted to . • 422 acres 



to course of planting 190 



Total area under 

 t905 will be 



plant at the end of 



Situated as follows : — 

 At Ambedeniya on Leasehold Laud near 



Bible Rock 

 At Kiribatgalla on the 727 acre Grant 

 near Pelmadulla 



capital subscribed £35,000. As this amount of capital 

 is estimated to provide sufficient funds to cover the 

 estimated outlay for completing tin programme of 

 planting out ami bringing into bearing 2,600 acres, it 

 has been decided not to issue any further shares at 

 present. Should it subsequently be found desirable In 

 extend the planting programme beyond 2,000 acres, no 

 difficulty is anticipated in placing further shares, pos- 

 sibly at a. premium, as thy capital cost of the Com- 

 pany's estates per acre is likely to work out at an ex- 

 tremely moderate figure in comparison with most other 

 Rubber Companies. The Power vested in the Directors 

 to call up 3s per share duri ng the current year has 

 not been exercised, but they propose, if approved by the 

 shareholders at the meeting, to make a call of Is per 

 share payable 29th December. 



The total capital called up will then 



amount to 6s per share on £35,000 . . £10,500 



A further call of as in 1900 .. 5,250 o 



Provi les for estimated outlay 

 December, 1900 



to 31st 



£15,752 



By order of the 

 Secretaries. Loudon, 



Board. GEO. WILLIAMSON & CO. 

 28th November, 1905. 



612 acres 



EXPENDITURE to the 30th September, as shown by the 

 accounts, amounted to £1,003 6s lOd, which includes the 

 the Preliminary Kxpenses of forming the Company, and 

 £1,00) to Mr. W Forsythe for his services in selecting 

 land, arranging for Managers, and other preliminary 

 operations. This amount, we may add, has been in- 

 vested by Mr. Forsythe in the Company. 



Expenditure in Ceylon . . £2,076 3 9 

 Expenditure in London . . 371 19 6 





£3.018 3 



3 



Paid Mr. W Forsythe 



1,000 









£4,048 3 



3 



Less Interest received 



44 16 



S 





£4,003 6 



10 



Cost of planting has been within the estimate, and as 

 the total outlay to the end of the current year in 

 Ceylon is not likely to exceed R59,000, the area put out 

 in 1905 should cost' likely under R100 per acre. 

 By the end of 1905 the total expenditure 

 on the basis of the above estimate 

 will amount to about . . £5,200 



During 1906 it is proposed to put out 20) 

 acres at Ambedeniya and 500 acres 

 at Kiribatgalla. The cost of these ex- 

 tensions and the upkeep of the area 

 already planted is estimated at .. 5,000 



Making total cost of planting to end of 



1906 for about 1,300 acres .. £10.200 



To this figure has to be added the cost of 

 land purchased, but not yet paid for. as 

 follows : — 



Kiribatgalla 727 acres at R50 per acre £2,500 



Dela 1,200 „ at R25 ,, 2,800 £5,300 



Total expenditure at the end of 1905 should 



therefore amount to about .. £15,509 



The balance of 700 acres required to complete the pro- 

 gramme of 2,000 acres, it is proposed to plant on the 

 Dela, Block during 1907. 



CU'ITAL.— In accordance with the ro.slulion passed at 

 I lie Extraordinary General Meeting of the Company, held 

 on the 18th May, and confirmed at the meeting oftheTtli 

 .Tune, the nominal capital was increased by £30,000 to a 

 lof alof £50,000. Of this additional capital £20,000 only was 

 offered for subscription, and shares to the extent of 

 £15,000 were applied for and issued, making the total 



CENTRAL TEA CO., LTD. 



Directors' : J Sancrot Holmes, Chairman, H K Rather 

 ford, and G A Talbot. 



The Directors beg to submit the General Balance Sheet 

 and Profit and Loss Account for tbs year ending 30th 

 June, 1905, duly audited. The net amount at credit of 

 Profit and Loss Account, including the Balance brought 

 forward at 30th June, 1001, and after providing for General 

 Expenses. Directors' Fees, Income Tax, &c, is £3,393 lis 4d. 

 Dividends on the 6 per cent. Preference Shares were 

 paid for 1904-1905 (less Income Tax) amounting to £l,2S2 

 10s Oil. It is proposed to pay a Dividend of 3 per cent, 

 (less Income Tax) on the Ordinary Shares which will 

 absorb £525 5s Oil. It is proposed to write off for Dep- 

 reciation £373 Is Id. And to carryforward to next year 

 a Balance of £210 5s 3d. Total £2,393 lis 4d. 



A lthough the conditions in Ceylon during the pa st year 

 were more favourable as to yield, the Tea, .Market was 

 somewhat less so with regard to the selling price of Tea. 

 The gross average price realised for the ea was 6'99d per 

 lb as against 7' 9 per lb the previous season, and the rate 

 of Exchange remained unaltered at Is 4 29-64d. The yield 

 of Tea was 416.340 lbs., being 29,5'6 lbs in excess of the 

 previous year, and was equivalent to a yield of 458 lb per 

 acre. The Cardamom Crop was disappointing both in 

 yield and price, the former being 5,228 lb as against 12, 282 lbs 

 in 190 —04, the latter being 13(1 gross compared with 13'72d. 

 The Chairman, Mr .1 Sancroft Holmes, nas paid a visit 

 to the Company's Estates and reports favourably on tile 

 condition in which he found the oroperties. — By order. 

 Wm. JOHNSTON. Secretary. T.ondom 21st Nov. 1905. 



DIG ALL A CEYLON TEA ESTATE CO. 



Dl RECTORS. — R. B. Reid, Chairman, II. K. Rutherford, 

 G. A. Talbot. 



The Directors herewith submit the General Balance Sliest 

 and Profit and Loss Account for the year ending 30th June, 

 1905, duly audited. The net amount at Credit of Profit 

 and Loss Account, after providing for general expenses, 

 Directors' fees, income tax, &c, is £1,337 15s 3d. Divid- 

 ends on the 6 per cent, preference share's were paid for 

 1904-1905 (less income tax) amounting to £312. It is pro- 

 posed to write off for depreciation £70 ; and to carry 

 forward to next year a balance of £295 15s 3d. Total 

 £1.337 15s 3d. 



The Estate Crop has been 2.11,353 lb., equivalent to 

 a yield of 485 lb. per acre, as against, -204,929 lb. the 

 previous year, and has realised 5. 74d per lb. gross as com- 

 pared with 6.43d last year, and the rate of exchange was 

 ls 4 29-04d. There are some 



4U,000 PARA RUBBER TKfilC-i GROWING AMONG 

 THE TEA, 



and 82 acres of jungle lauds are now planted with rubber 

 alone.— By Order of the.Bo.ard, VV.U. JOHNSTON, Secretary, 

 London, Dec. 18, 1905. 



