( 7 ) 



Directors have decided to transfer the sura of R15,000 to 

 the extension fund account, and they now recommend the 

 payment of a dividend of 1 per cent for the year, which 

 will leave a balance of R5,767 - 32 to be carried forward to 

 current season's account. During the past year 42 acres 

 on Dammeria estate were opened in rubber, and 65 acres 

 of Tea and Cocoa were interplanted with that product. 

 In consequence of the high cost of fuel the Directors con- 

 sidered it .advisable to provide a liquid fuel installation 

 for the dryers on Batta watte estate.and this is now working 

 satisfactorily. Arrangements have been made for the 

 reduction of the mort gage to £5,000 sterling on the 1st of 

 July next, from which date the interest on the balance 

 outstanding will be reduced from 7 percent to 6 percent. 

 The estimates for the current year provide for an expen- 

 diture of R2 5,-96 on crops of 740,000 lb of tea, 00 cwts. of 

 -Cocoa, and 2,000 lb. of Cardamoms, while provision is 

 .made for inter-planting 40 acres of tea with rubber, and 

 •opening up a clearing of 70 acres of that product on 

 Dammeria estate at an estimated cost of K6.720. 

 —By order of the Directors, Whittall & Co., Agents 

 and Secretaries, Colombo, 8th February, 1900. 



THE DONNYBROOK TEA CO., LTD. 



The Directors beg to submit the accounts duly audited 

 for the year ending 31st December, 1905. 



'Tea infull bearing 



ACKEAGE : 



DoNNYDROOK 

 152 acres 



MITFOEI) 

 152 acres 



H01 acres Tea in cultivation 

 4 ,, Forest 

 67 ., Chena, Patna and Waste. 



Total 375 acres 



The crop harvested for the year amounted to 81,057 lb 

 made tea as against an estimate of 90,000 lb, and was 

 manufactured in the Norton Factory, realising upon sale 

 in Colombo R27,924'07 or a nott average of 34 -44 cents per 

 pound. The cost of production amounted to 30'18 cents 

 ^per pound, including 1*81 cents per pound spent on manur- 

 ing. The estimate of crop for season 1900 is 90,000 lb of 

 made tea to be produced at a cost of 29'00 cents per 

 pound including V67 cents, to be spent on manuring 50 

 acres. The manuring programme, however, is subject t*> 

 alteration, as it may be found advisable to increase the 

 acreage proposed to be treated. In addition to the esti- 

 mate covering ordinary estate works, it is proposed to 

 re-roof the Vmgalow with galvanised iron during the 

 current year at an approximate cost of R1,000. The bal- 

 ance at credit of working accouut after bringing forward 

 R625'35, the balance from last year, and providing for 

 the usual charges, amounts to 113.560-23, out of which the 

 Directors propose that the Cumulative Preference Divi- 

 dend due on the Preference Finance shares shall be paid 

 up to the end of the year 1902, absorbing R879-21, and 

 that the balance, viz, R2.6S1 should be carried forward to 

 crop seasonl906. — By order of the Directors, C ARSON it Co.. 

 Agents and Secretaries. Colombo, 10th Feb., 1900. 



THE KANAPEDIWATTIE TEA CO. 



Directors :— Messrs. H. C. H. Heycock and 

 E. M. Shattock. 



ACREAGE. 



Tea over 4 years 



Tea over 4 years (and Rubber) 



Tea not in bearing 



Seed bearers 



Rubber 



Forest, &c. . 



Total 



Veres. 

 187A 

 132 

 5 



15.', 

 12" 



40 



392 



The Directors have pleasure in laying before the share- 

 holders their report and accounts of the working for 

 the year ended 31st December, 1905. The crop secured 

 from estate leaf amounted to 174,033 lb., while from 

 bought leaf 25,811 lb. were manufactured, making the 

 total crop 199,844 lb., which cost to lay down in 

 /Jolombo 19'82 cents, and realised a net average price 

 -if 28 95 cents. The estate tea by itself cost 19 - 06 cents, 



inclusive of manure, or without manure 17 95 cents while 

 the tea made from bought leaf has cost ?1 '44 cents. The 

 usual table is appended, showing the crop cost and 

 average price realised for the past eight years, viz. : — 



189S lb, 1899 lb. 1900 lb. 1901 1!). 

 From Kstate Leaf .. 142,267 151,030 151.121 H'.o.OM 

 From Bought Leaf .. 30,330 38,565 62.195 22,355 



Cost 

 Average 



From Kstate Leaf 

 From nought Leaf 



Cost 

 Average 



172.597 

 23-11 

 32-71 



1902 lb. 



185.108 

 10,570 



2ul,078 

 10-29 

 28'96 



189,595 

 21-92 

 36- 6 



19031b. 



165,495 

 17,700 



183,195 

 20-51 

 34 '0.; 



203,316 

 24-07 

 27-72 



1904 lb. 



16S.304 

 . i 500 



191,003 

 22-18 

 29-17 

 1405 lb. 

 174.033 

 25. nil 



1 91,864 199,84.4 

 21-53 19"-J2 

 30-33 2S-95 



The new profits for the year amount to K24.511-72 or 

 75 Per cent on the capital of the Company. To this falls 

 to be added the balance brought forward from the pre- 

 vious year, viz., R2.574-46 making the total available for 

 distribution K27,086 - lb. Of this amount R8.350 was 

 absorbed by the payment of an Interim Dividend of 2-J 

 per cent, and the Directors now recommend that, a Final 

 Dividend of 4J per cent be paid, absorbing R15,0i0, that 

 the sum of R2.750 be placed to Extensions Account, and 

 that balance R956-18 be carried to next account. —By order 

 of the Directors, Lee, Hedges & Co., Agents and Secre- 

 taries, Colombo, 13th February, 1906. 



THE VOGAN TEA COMPANY. 



Directors.— Messrs. V A Julius, G E Woodman T C 

 Huxley, and B M Shattock. 



ACREAGE : 



Votjaa and I ddagod/.k : 

 Tea in full bearing over 4 years (amongst 



which are interspersed -10,000 Rubber trees 



of various ages) 

 Tea not in bearing 

 Rubber 

 Forest, <fec. 



Stamford Hill 

 Tea in full bearing 



* Bafkindal" : 



Total Acreage 1,563 3 34 



The Directors have now the pleasure to submit to'.the 

 Shareholders their report and accounts for the year ende i 

 31st December, 1905. The year has been a favourable one 

 for flush and the crop of Tea secured on Vogan and Idda- 

 godde has amounted to 441,021 lb against an estimate of 

 415,000 lb, being an increase over the previous year of 

 24,656 lb. From bought leaf 10,110 lb were also "manu- 

 factured, making a total of 451,731 lb, which cost to lay 

 down in Colombo 22-6) cents and realised a net average 

 price of 30-26 cents per lb. In view of the low range of 

 prices which has prevailed during the year this result 

 must be considered satisfactory;, the profit being very 

 nearly as much as that earned in 1904 when the market 

 was considerably more favourable. The manuring pro- 

 gramme has been carried out in its entirety during the 

 year, 308 acres having been treated with artificial manure, 

 and 246 acres with buried primings. The cost of this, 

 viz., RlO, 423-49 has been included in the above expend), 

 t ure. On Stamford Hill and Barkindale the crop secured 

 was 118,218 lb against an estimate of U>0,000, the tea 

 costing, aft er deduction of profit on manufacture of out- 

 side leaf, 22-24 cents per lb in Colombo, and realising a 

 net average price of 37 '69 cents. The crop of Rubber 

 secured was 3,050 lb against an estimate of 3,000 lb, the 

 cost of harvesting same amounting to RVOfi per lb, and 

 I lie net average price realised being R4-06 per lb inclu- 

 sive of scrap. This crop was obtained from 2,800 trees, 

 and the above-named cost includes all expenditure on 

 tapping knives and cups. During 1906 it is anticipated 

 that about 4,000 trees will be tappable, the crop from 

 which may be expected to amount to 5,000 lb. During 

 the year 04 acres were planted with Rubber, the t. • I 

 acreage under this product being now as under : — 



A. R. P. 



21 1 10 about rive years Old 



18 2 32 ,, three 



J99 13 ,, two „ 



64 33 ,, one „ 



303 1 



