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AGRA OUVAH ESTATES CO., LTD. 



Directors.— J G YVardrop, Esq., G H Alston., Esq R F 

 S Hardie, Esq., Estate Inspector— R K Clark, Esq. Estate 

 Superintendent— W Wilson Smith, Esq. 



ACREAGE. 

 Agra Ouvah. Fankerton. 

 Tea in full bearing 322 acres Tea in full bearing 165 acres. 

 Grass and Jungle 9 „ Timber clearing 20 ,, 

 Grass, Pat ana and 



Scrub 8 ,, 



Total Estate 331 acres. 



Total Estate 193 acres 



GRAND TOTAL 524 ACRES. 

 Tlie Directors have now the pleasure of laying before 

 the Shareholders the accounts of the Company for the 

 past year. The Crop secured amounted to 351,088 lb. of 

 tea showing an increase over the previous year of 22,667 lb. 

 and realised a net average of 47 '32 cents per lb., 

 against 44'95 cents per lb. during 1904, while the cost 

 of the Tea in Colombo was 27"34 cents per lb., inclu- 

 ding an 1 expenditure of B13,039'24 on manuring. After 

 transferring to Reserve Fund Account the sum of R3,000, 

 thus restoring this account to its original total of B15.000, 

 the profit on the year's working amounts to R64,311'77, 

 equal to 17'15 per cent, on the Capital of the Company, 

 and with the balance of R2,320'99 brought forward from 

 last year's account, there is a sum of R66,632'76 available 

 for distribution. An Interim Dividend of 7 per cent, 

 was paid on 28th July last, and the Directors now 

 recommend the payment of a Final Dividend of 10 per 

 cent, making 17 per cent, for the year, and that the 

 balance of B2,882'76 be carried forward to the current 

 year's account. Crop for the present year is estimated at 

 340.900 lb. of Tea on an expenditure of R90,015'78, which 

 includes a sum of R13.054 to be expended on the cultivation 

 of 382 acres. — By order of the Directors, Whittall & Co.. 

 Agents and Secretaries. Colombo 24th January, 19j6. 



GLASGOW ESTATE CO., LTD. 



Dikkctors: — Messrs G H Alston, R F S Hardie, J G 

 Wardrop. Estate Inspector:— Mr. RK Clark. Estate Superin- 

 tendent :— Mr. R W Kerr. 



ACREAGE. 



Tea in full bearing 620 Acres. 



Do partial beiring 28 ,, 



Do not in bearing 2 ,, 



Grass, &c. 6 ,, 



Jungle, &c. 58 ,, 



Total 714 Acres. 



, The Directors now submit to the Shareholders the ac- 

 counts of the Company for the past year. The Crop of 

 Tea exceeded that secured in 1904 by 16,886 lb. and amount- 

 ed to 443,836 lb. which realised an average nett price 

 of 42 cents per lb. compared with 41'21 cents in the 

 previous year. The profit on Working Account amounted 

 to B73,544 '27, equivalent to 22*62 per cent on the Capital of 

 the Company, — to this falls to be added a balance of 

 B6,S71'76 brought forward from the last year, less RSOO'OO 

 extra fees paid to the Directors in accordance with the 

 terras of the resolution passed on ISth of February 1893. 

 Out of the amount available for distribution, R79,916'03, 

 and Interim Dividend of 8 percent was paid on 29th July - 

 last, and the Directors have now the pleasure of recom- 

 mending the payment of a Final Dividend of 14 per cent 

 making 22 per cent for the year, leaving a balance of 

 R8,416'03 to be carried forward to the current year's ac- 

 count. The estimate for the present year provides for an 

 expenditure of R161.864, including R12.500 for cultivation, 

 on a crop ot 421,200 lb. while a new Assistant's bungalow 

 will be required, for which R2.200 is estimated. — By order 

 of the Directors, Whittall & CO., Agents and Secretaries, 

 Colombo, 24th January 1906. 



HIGH FORESTS ESTATES CO., LTD. 



Oiiie'ctOrs.— R F S Hardie, Esq., G iH Alston, Esq., J Of 

 Wardrop, Esq. Estate Inspector:— Jno. Gordon, Esq. 

 Estate Superintendent:— D Lyall, Esq. 



ACREAGE. 



Tea in full bearing 

 Wind Belts and Timber Clearings 

 Grass, Scrub, Patna, &c. 

 Jungle 



I'.uildings and Roads 



1,113 Acres. 



210 „ 

 194 

 19 



The Directors have now the pleasure to present to the 

 Shareholders the accounts for the past year. Crop secured 

 amounted to 621,166 lb. of tea, snowing an increase over 

 1904 of 102,539 lb., while the average net price realised was 

 45*86 cents per lb., being an increase of 3.V cents per lb., 

 over that realised for the previous year. After writing off 

 for Depreciation of Machinery the sum of R3.000 there 

 remains at credit of profit and loss account for the year's 

 working the sum of R120,890'91, which is equivalent to 12'09 

 per ceDt. on the Capital of the Company ; to this falls to be 

 added the balance of R5,810'76 brought forward from last 

 year. An interim dividend of 3J per cent, was paid on this 

 29th July last, and the Directors now recommend the pay- 

 ment of a final dividend of 8i per cent, making a total of 

 12 per cent, for the year, and that the balance of R6,70l'67 

 be carried to the current year's account. During the past 

 year considerable progress has been made in the cons- 

 truction of the cart rood from Uigli Forests Factory to 

 the Brookside Station and it is anticipated that the road 

 will be completed before the end of the current year,— 

 thus simplifying transport and in many indirect ways being 

 of considerable advantage to the Estate. During the past 

 year the sum of R9,142'45 has been expended in cultivation 

 of the older tea, and on completion of the cart road it will 

 be possible to undertake cultivation to a larger extent than 

 has hitherto been done. The Crop for the current year is 

 estimated at 575,000 lb. of tea on an expenditure of R159.334, 

 which includes the sum of R13.479 to be expended on 

 Manuring, while on Capital Account it is estimated that 

 there will be an expenditure ot R3.000 on Buildings, R3.150 

 on Machinery, and R5.720 on opening up a new clearing of 

 50 acres in Tea. — By order of the Directors, WHITTALL & 

 Co., Agents and Secretaries. Colombo, 24th January, 1906. 



PITAKANDE TEA COMPANY OF 

 CEYLON, LTD. 



Directors. — Joseph Eraser, Esq., Robert Morrison, 

 Esq., F H Fraser Esq. 



ACREAGE. 



Tea in full bearing 1,000 Acres. 



Para Rubber 151 „ 



Cardamoms being felled and cleared 



for Tea 48 ,, 



Total cultivated area 



Forest 



Patna and Grass Land 

 Waste Land, Buildings, &e. 



1,199 acres. 



20 

 208 

 30 



Total.. 1,630 Acres. 



Total area of Estate 1,457 acres. 

 The Directors have pleasure in submitting their report 

 and accounts for 1905. The tea crop secured amounted 

 to 527,882 lb., being 78.235 lb. more than in the previous 

 year. The average price realised was 34*23 cents per lb. 

 as against 34 "44 cents in the previous year. The tea cost 

 87*12 cents including manure and burying prunings, or 

 21 "54 cents exclusive of these items. The net profit for the 

 year, innluding a balance of Rl, 948 '35 from 1904, amounts 

 to R'12,756'69 An interim diviedend of 2h per cont has been 

 paid, and the Directors recommend a" final dividend for 

 5 per cent,' making a total of 74 per cent for the year, and 

 that, after transferring R7.500 to the reserve account, the 

 balance of Rv,006'69 be carried forward to next year.— Bv 

 order of the Directors,— Colombo Commercial Co,. Ltd.", 

 (JOHN G Wardrop, Manager,) Agents and Secretaries, 

 Colombo, 7th February, 1906. 



THE AGRA TEA COMPANY OF 

 CEYLON, LTD. 



Directors : — Major E F Tranchell ; Messrs Joseph 

 Fraser and John K Symonds. 



The Directors have the pleasure of submitting their 

 report for the year ending 31st December, 1905. The 

 acreage of the Company's property is as under: — Tea iu 

 full bearing 328 acres, tea not in bearing 20 acres. Total in 

 tea 348 acres. Forest 8 acres, Grass, Waste Land, &c. 11 

 acres. Total area of estate 367 acres. — The estimated crop 

 for 1905 was 205,000 lb. of tea, and the actual quantity pro- 

 duced was 234,8271b., or an excess of 20,8271b. This crop 

 realized R105, 105*83 equivalent to R44 76 per lb., as 

 against R42*99 per lb. in 1904. The expenditure was 

 B64,393'68 or B27'43 per lb., as against B27'96 per lb. 

 in 1904. The expenditure included R4'08 per lb. for 

 manuring. The average yield during the season has been 

 at the rate of 716 lb. per acre, and the gross profit per 

 acre realised has been R124'08, considerably over £8, the 

 highest profit ever yet earned by the Company. After 

 deduction of R4.000 for depreciation of buildings and 

 machinery; the profit on working account for the year 

 amounts to B35. 439*85. Interest and fees etc. amounting 

 to R4.357-14, reduce this profit to R31,082'71, to which has 



