( 6 ) 



to be added the sum of Bl,8t)2'19 brought forward from 1904, 

 thus bringing the balance at credit of profit and loss 

 account up to R32,944'90. An Interim Dividend of 2 per 

 cent was paid on 1st July, 1905, and the Directors now pro- 

 pose to pay a Final Dividend of 4 per cent, and to transfer 

 R15,000 to the general reserve account towards the 

 redemption of the mortgage. This will leave a balance of 

 Rl,174-90 to be carried forward to the next season's 

 accounts. During the past year the sum of £1,000 has 

 been paid to the Standard Life Assurance Company in re- 

 duction of the mortgage which now stands at £2,000. The 

 estimated crop for 1906 is 215,000 lb. of tea to be produced 

 at 28 cents per lb. which allows for liberal manuring. The 

 general condition of the estate continues to be most satis- 

 factory.— By order of the Directors, Colombo Commercial 

 Co., Ltd., (John G Wardrop, Manager,) Agents and 

 Secretaries.— Colombo, Feb. 7, 1906. 



THE NEBODA TEA COMPANY OP 

 CEYLON, LTD. 



Directors. — Joseph Fraser, Esq., Chairman, Robert 

 Morison, Esq., F H Fraser, Esq. 



ACREAGE: 



Narthu- Nebotla and .„.,., 



pana. Digalla. lomL 



Tea .. 216 188 

 Tea and Rubber . . 11 



Rubber ,, 118 192 310 



Scrub (good) . .. 4 2 6 



Buildings. Rocks, Waste, &c. 1Q§ 33J 44 



W }m 



Acres. . 



359.'. 



415.1 



Tho Directors beg to submit their Report and the Ac- 

 counts for the year ending 31st December, 1905. The Tea 

 Crop amounted to 246,000 lb., and w as sold in Colombo at 

 an average of 80"67 cents per lb., or 2'54 cents below the 

 average of the previous year. The cost of production per 

 lb., including 2 - 77 cents spent on manuring, was 21-33 cents 

 as against 24'14 cents last year. During the year 370 Rubber- 

 trees were tapped for the first time and yielded 820 lb. dry- 

 Rubber, of which 783 lb. have been sold in Colombo at a net 

 average of R3'64 per lb. The Company now owns in Rub- 

 ber, including 195 acres opened and planted during the past 

 year:— Planted by 1902 20 acres, planted during 1903 27 

 acres, planted during 1904 68 acres, planted during 1905 

 195 acres — Total in Rubber 310 acres. After writing oft' 

 R£,526 as dopreciatiou of Buildings and Machinery, and 

 adding R12,250 to Reserve Account, the net profit for the 

 year amounts to R3,362'4S, to which has to be added 

 R2,306"96 brought forward from. last year. The Directors 

 now propose to pay a dividend of 2 per cent which will 

 absorb R5.S00, leaving R369'44 to be carried forward to next 

 year's accounts. — By Order of the Directors. Colombo 

 Commercial Co., Ltd., (J ohnG Wardrop, Manager,) Agents 

 & Secretaries. Colombo, 7th Feb., 1906. 



CEYLON TEA AND COCONUT 

 ESTATES CO., LTD. 



DIRECTORS.— Messrs. G H Alston, H Tarrant, Frank 

 Capper. Estate Inspectors (Tea and Rubber), Mr T C 

 Huxley; (Coconuts), Mr W Jardine; Estate Superinten- 

 dent, Mr R Henry Algie. 



ACREAGE. 



Tea 



Coconuts 

 Rubber 



Acres. R. P. 



. . 410 2 22 



. . 556 2 28 



. . 109 5 



Jungle, etc. 



Acres. R. P. 

 . . 303 2 26 



Total.. 1,382 2 01 

 The Directors submit herewith to the Shareholders the 

 Accounts of the Company for the past year. 

 "Tea Division. — The crop of Tea secured amounted to 

 189,938 lb. which realised a net average of 30-42 ets, 

 and cost laid down in Colombo 27'22 cts. 



Coconut Division.— The crop secured amounted to 

 051,108 nuts which was manufactured into Copra; owing 

 to the smallness of the nuts the Copra manufactured 

 amounted to only 485 candies which realised a net 

 average of R50 - 55 per candy. 



Rubber Division.— The crop secured amounted to 958 

 lb. or 158 lb. in excess of estimate, and realised a net 

 average of R4 per lb. The present position of this 

 product is as follows :— 



Acres 12-2-30 planted in 1902 . . 3,391 trees 



do 11-1-15 do 1903 . . 2,955 do 



oo 66 • • do 1904 . . 9,154 do 



Planted through the tea 281 acres . . 24,774 do 



do in ravines about 20 acres , . 5,060 do 



do in Coconut Division clearing, 9 acres 2,154 do 



Total . . 47,488 trees 



A fair proportion of the Rubber planted amongst Die 

 Tea and Coconuts as mentioned in last year's report 

 has been planted some years, and of this, 1,751 trees were 

 tapped in 1905 and a further 277 trees are nearly ready 

 for tapping. During 1906 it is proposed to open a further 

 clearing of Rubber of about 45 acres. The estimated crops 

 for the current year are 200,000 lb. of Tea, 2,500 lb. Rub- 

 ber and 700,000 Coconuts. 



The Copra Crop— of l906has been sold at R54-50 per 

 candy. 



After writing off the sum of R2,-"93'95 for depreciation 

 of buildings and machinery and after payment of all in- 

 terest on the loan, there remains a profit for the year's 

 working of R10,669'7l equal to 3'03 per cent, on the capital 

 of the Company, to which has to be added the balance of 

 R3,768'35 brought forward from last -year, thus making a 

 total of R14,438'06 at credit of profit and loss account. 

 The Directors now recommend that a sum of R10.008 be 

 transferred to Extension Fund Account to meet the cost 

 of extension cf Rubber cultivation, and that the balance 

 of R4,438'06 be earried forward to the current (season's 

 werking account. It will be noticed that the amount due 

 on loan has been reduced by about R5.000 during the year 

 .mder review. — By order of the Directors, Whittall ,t Co.. 

 Agents and Secretaries. Colombo, 8th Feb., 1906. 



THE HORREKELLY ESTATE CO.. 

 LIMITED. 



Managing Director.— Mr C E H Symons. Directors. 

 — Hon. Mr F C Loos, Messrs. Fred. Dornhorst, K.C., V 

 3 de Saram, F W Bois and Sir Stanley Bois. 



The Directors have pleasure in submitting the accounts 

 of the Company for the year ending 31st December, 

 19u5, which they trust may be considered satisfactory. 

 The sum of R5.000 has been written off as depreciation 

 on buildings, plant and machinery. An interim dividend 

 of i per cent., absorbing 1116,000, was paid on the 18th 

 August last, and the balanle now available for distri- 

 bution (including R4,474'39 brought from 1904) is R28.196-14 

 from which the Directoas recommend payment of a h'nal 

 dividend of per cent making a total of 10 per cent for 

 the year, and leaving a balance of R4,196'14 to be carried 

 forwar.l. The Directors further recommend the simul- 

 taneous payment of a bonus of 4 per cent from the 

 Company's reserve fund. The working of the Estate for 

 the years 1003, 1904 and 1905 compares as follows:— 

 Expenditure (Estate and 1903. 1904. 1905. 



Colombo Office) R48,838'64 R44,042'55 R45, 0T5-44 



M umber of Coconuts plucked 2,224,671 1,850,365 1,797,840 

 Quantity of Fibre made Ballots 21,952 14,470 28,"6u 

 —By order of the Directors.— Lewis Brown <fc Co., Secre- 

 taries. Colombo, 8th February, 1906. 



ESTATES COMPANY OF UVA, LTD. 



ACREAGE. 



— 5 " r3 



2 iO 



M O 



Dammeria 



Group 

 Battawatle 

 Gampaha 



555 — 

 591 — 

 574 35 



15i 



557 

 591 

 624.1 



556 1.199 

 164 755 

 196£ 866 



1,720 35 17.V l,772i 49 82 916-' 2,820 

 The Directors herewith) present to the Shareholders the 

 Reports and Accounts for the past year. The crop of Te-i 

 secured amounted to 791,930 lb, showing an excess of 

 64,201 lb over the crop of 1904, and of 51,930 lb over the 

 estimate. Cardamoms harvested amounted to 1 99s lb 

 against an estimate of 2,000 lb, while the Cocoa crop only 

 totalled 44 cwt ; the net prices realised for these products 

 sold amounted to 34 -45 cents for tea, an increase of -50 

 cents over the price realised in 1904 ; R31 - 03 per cwt for 

 the Cocoa, and 48-14 cents per lb for the Cardamoms 

 Seeing that the Depreciation Account now amounts to 50 

 per cent of the original cost of the Buildings and Machinery 

 the Directors consider that it is unnecessary to add further 

 to this aocount. After providing for the interest on the 

 Mortgage, the profit on the year's working amounted to 

 R47.500-43, equivalent to a return of 6-68 per cent on the 

 Capital of tho Company ; to this falls to be added Rl,402 ''S 

 the balance brought forward from 1904, and R284-61 being 

 amount realised on 'he sale of teas in excess of that 

 estimated for in the 1904 accounts. To provide for the 

 expenditure now being incurred in the purchase of land 

 and in tAe planting up of rubber on Dammeria estate tho 



