( 



The Directors have uow the pleasure to submit their 

 Tenth Animal Report and Accounts, being those for the 

 year ending 31st December, 1905. The yield of Tea during 

 the period has been 387,081 lb. costing 22*86, against 

 325,780 lb. costing 23*86 per lb. last year, and realising 

 34*04 cents per lb. against 36*12 cents for the same period. 

 After writing off R2,251 08 for depreciation of Buildings 

 and Machinery, there is a profit of R36,758'07 on the year's 

 working, to which falls to be added the balance of 

 R2,285*t 3 brought forward from 1904, making in all a sum 

 of R39,043'10 available for division. On 1st August last an 

 Interim Dividend of per cent, was paid, and the Directors 

 now recommend that a Final Dividend of per cent, bo 

 paid, making 11 per cent, for the year, that a sum, of 

 R5.000 be reserved against Factory Extension, (an Estimate 

 of R7,520, for which has been sanctioned,) and that the 

 balance of Rl, 043*10 be carried forward to this Season's 

 Account. The estimated crop for the current year is 

 340,000 lb. on an expenditure of R82.550.— By order of the 

 Directors, Bins Brothers <fe Co., Agents and Secretaries. 

 Colombo, 22nd February, 1900. 



GREAT WESTERN TEA COMPANY'S 



REPORT OF THE DIRECTORS. 

 DIRECTORS: -Messrs. Joseph C. Dunbar, Giles F. Walker 

 aid R. Davidson. 



The Directors have now the pleasure to submit their 

 report and accounts for season 1905. The yield lor the 

 season was 481,057 lb. tea, against an estimate of 

 ■»20,000 lb., being an increase of 6'i,733 lb. on the crop 

 of the previous season. The average of 348.4 1 lb. sold, 

 for which account sales were received, was 43'04 cents, 

 against 41.77 cents for last season's crop. In view of 

 the lower prices prevailing recently the Directors have 

 estimated the unsold balance of crop at 411 cents, 

 which they consider a safe figure. The cost was 2S*95 

 ;ents per lb., including 4 '85 cents for manure, against 

 2'J'64 cents and 3*25 cents last season. The profit on 

 the year's working (including last year's balance R191 '13. 

 and after deducting R546'Si shortfall) is R62,2'7'90. Out 

 of this an Interim Dividend has been paid absorbing 

 R14,609, which leaves R47,607'90 to be dealt with. The 

 Directors recommend the disposal of this as follows : — 

 By payment of a dividend of 5 per cent (making 71 per 

 cent for the year) R29,2 ; by transferring to depreciation 

 account— (10 per cent on machinery R4,292'< 4 and 5 per 

 cent on buildings R3,429'93)— R7,7 1*97; by placing to 

 Reserve Account a sum of R10.0U0 ; and carrying for- 

 ward R685 -93. Total R47,607'90. 



The estimate of crop for 1906 is 450,0 '0 lb., and with 

 -an ordinary season this should be safe. 

 The acreage of the estate is : — 



A. R. P. 



921 2 12 Tea 



39 Fuel 



38 2 4 Ravines 



17 1 12 Grassrteld 



11 3 13 Buildings and Garden 



3 i 14 Cart Road and Roads 



23 2 25 Railways 



Total 1.C82 

 —By order of the Directors, .1. M. Robertson & Co., 

 Agents and Secretaries. Colombo, 24th February, 1906. 



CLYDE TEA ESTATES CO., LTD. 



DIRECTORS:— Mr. R. Davidson, Chairman, Mr. F. M. 

 Laurie and Mr. Joseph Fraser. Messrs. Lewis Brown & 

 Co., Agents and Secretaries. 



ACREAGE : 



A. R. P. 



Tea in bearing - - 504 o o 



(Mostly interplanted with Para, Rubber) 

 Rubber - - - 416 2 35 



Reserve Forest - • - 181 1 7 



Abandoned Tea - - 22 



1,124 2 



Your Directors beg to submit their report and ac- 

 counts for the year 1905. The quantity of tea. made 

 from estate leaf was 189,423 lb. Black Tea as com- 

 pared with 164,934 lb. Black and 37,776 lb. > Green, in 

 1904, and with 187,556 lb. Green Tea in 1903. The Bub- 

 ber crop for the year totalled 759 lb., against 419 lb. 

 in 1904 and 424 lb. in 903. During the year the sum 

 of R5,738'85 was spent on manuring, equal to 8*08 cents 

 per lb. of made tea, inclusive of which the costperlb. 

 delivered in Colombo was 26*50 cents. The a verage price 

 realised for the whole crop was 30*97 cents per lb. 



It will be noted that the area under Para Rubber now 

 totals 416 acres. A summary of the Superintendent's 

 census of Para Rubber trees on the Company's pro- 

 perties on 15th December, 1905, (in which was set forth 

 the number of Rubber trees on cleared lands and 

 amongst tea, from under 1 inch to 18 inches and above 

 in circumference, at a height of 3 feet from the ground) 

 was issued to the shareholders on 2:nd January, 1906. 

 The totals thereof aggregate as under :— 



Trees. 



Para; Rubbers amongst tea, - 53, 19*.) 



Do in cleared lands - 73,77) 



Total - - 126,973 



After setting aside R2,100 for depreciation of Build- 

 ings, Machinery and Furniture, the balance of profit 

 lor the year 1905 is RU,039'1G, to which has to be 

 added R3,238'41 brought forward from the previous year, 

 '"'"ling a total of R14,277'87 available for distribution. 

 Out of t ins, the Directors recommend that a dividend 

 of 4 per cent be paid, absorbing R10.800 and leaving 

 R ',477*87 to be carried forward.— By order of the Direc- 

 tors, Lewis Brown & Co., Agents and Secretaries. 

 Colombo, 26th February, 1906. 



T E M PL ES TO WE ESTATE CO. LTD. 



DIRECTORS. 

 II. 1 1. BO!.-', Esq. | p. W. BOIS, Esq. 



The Directors have the pleasure to submit their report 

 for the year ending 31st December, 1905. The tea crop 

 amounted to 2i.30j.llb. on an estimate of 22\0001b. show- 

 ing a shortage as compared with season 1904 of 4,469 Dr. 

 which may be partly accounted for by the failure of the 

 south-west monsoon. The tea cost 27'16 cents per lb. in- 

 cluding an expenditure of 3'13 cents per lb. on manure, 

 against 24'tjO cents in 1904, and netted 32'67 cents againsst 

 34*02 cents in 1904. Tho falling off is most unsatisfactory 

 for though the market was of course lower, the teas have 

 not the character they used to have. The profit on the 

 year's working after paying interest on the mortgage an l 

 other loans is R5,669*S0 which includes the balance 

 brought forward from 1904 of R784VS9. The Directors re- 

 commend thar this should be disposed of as follows :— 

 By the pa yment of a Dividend of 4 per cent, on the 



Preference Shares absorbing .. R4,344*00 



B> carrying forward a balance of .. ,,1,325*80 



R5,669\SO 



The acreage of the estate now consists of:— 

 555* ■ res of tea over 5 years old 



21 Rubber clearing 



1074 Forest 



357J .. Chena, Patna and Waste land 

 1.023 acres. 



The estimate for reason 1906 provides for a crop of 

 240,000 lb. t o cost :*6*55 cents per lb. which includes cost of 

 manuring at 2.83 -ents per lb.— By order of the Directors. 

 .1. M. ROBERTSON A Co. Agents & Secretaries. Colomb i 

 March 1st, 1906. 



PORTMORE TEA CO. OF CEYLON 

 LIMITTED. 



Directors:—?.. C. Bowie, L. M. Torin, and VV. Herbert 

 Anderson. 



The Directors have the pleasure to submit the General 

 Balance Sheet and Profit and Loss Account for the ye.ir 

 ending 31st December, 1905, duly audited. The net amount 

 at credit of Profit and Loss after providing for General Kx- 

 penses, Income Tax, &c, £3,834 lis Id. To which should be 

 added Balance brought forward from list year £227 0s 9d— 

 Total £t,"01 Us red. An Interim Dividend of 5 per oenr. 

 was paid September ist, 1905, amounting to £2,000 0s Od. It 

 is proposed to pay a rinal Dividend of 5 per cent, (making io 

 percent, in all, free of Income Tax), which will absorb 

 £2 000 Os 0d. And to carry forward to next year £61 lis lOrt 

 —Total £4,061 lis lOd. In presenting their Ninth Annua 1 

 Report, the Directors have pleasure in recommending .-, 

 dividend of 10 per cent, for the year ending 3:st December 

 1905. The Tea crop from the Estate has been 238,542 lb 

 being at the rate of *60 lb. per acre, and the cost of produc- 

 tion has been £4.457 17s 8d, being at the rate of 4*4gd per 

 pound ; the crop Hold ill London has netted £8,619 0s 7d 

 being S.07d pel pound. In 1904, 222,316 pounds sold ii! 

 London netted £.'7:788 16s 4d: 8*41 per pound, In 1905. 



