SUPPLEMENT 



TO THE 



Tropical Agriculturist and Magazine of the Ceylon Agricultural Society. 



COMPANY ANNUAL REPORTS. 



TRAVANCORE TEA ESTATES CO., 



The net amount at credit , of profit and loss account, in- 

 cluding balance brought forward from last account, and 

 after providing for directors' fees, income-tax, Debenture 

 charges, &C, is £6,546 3s Id: deduct Debenture interest 

 paid January 1 and July 1, 1905, less income-tax, £-2,793 ; 

 less brought forward from last account, £698 5s ; to set 

 aside three months' Debenture interest to September 30, 1905, 

 less income-tax, £698 5s ; it is proposed to pay interest on the 

 Pre-Preference issue to September 30, 1902, less income-tax, 

 which will absorb £641 2s lid; it is proposed to write oft 

 for depreciation the sum of £1,500; leaving to carry forward 

 to next account, £1,612 0s 2d. The estates continue to 

 give an increasing yield, but it is disappointing to report 

 that prices for the class of tea which the company produces 

 were at the lowest range recorded since the formation of 

 the company. The accounts show a profit after paying 

 Debenture interest of £3,753 3s Id as against £3,892 15s Id 

 in J903-4. It is proposed to pay one year's arrears of Pre- 

 Preference interest, to write off £1,500 for depreciation, 

 and carry forward £1,612 0s 2d to next year. The average 

 sale price of the tea was 5'04d per lb., against 5'9Sd the 

 previous year. The rate of exchange was Is 4 12-32d com- 

 pared with Is 4 13-32d last year. The tea crop was 

 1,458,864 lb., or 180,9181b. in excess of the previous season, 

 and was equivalent to a yield of 4541b. per acre. The crop 

 for current year is estimated by the manager at 1,550,000 lb. 



The cultivation of Rubber is being proceeded with on those 

 portions of land which the manager considers suitable and 

 as far as the company's funds admit. 



THE LANKA RUBBER CO., LTD. 



Directors :— Messrs. C. M. Gordon and E. M. Shattock. 



The Directors have pleasure in submitting to the share- 

 holders their report and accounts of the working of the 

 Company up to 31st December, 1905. As mentioned in 

 the prospectus the 144.V acres were taken over as from 

 July 1st, 1904. Of this" 60 acres were planted in June, 

 1903, and 64 acres in June, 1904, making 124 acres in 

 all. The balance 2 i-J- acres together with a further 22i- 

 acres since purchased were planted in October, 1904 and 

 May, 1905. With the exception of one or two small 

 patches of poor soil where the growth has been very 

 slow, the 124 acres have made good progress, and by 

 the end of present year it will probably lie found 

 feasible to commence tapping operations on a small 

 scale. The young clearings are also coming on satis- 

 factorily. A further 204 acres have been purchased 

 from Government since December, and the whole of this 

 acreage has been felled, and will be planted up during 

 the south-west monsoon. Tbe soil and lay of land 

 appear to be good, and the block will make a valu- 

 able addition to the Company's property.— By order of 

 the Directors, Lee, Hedges it-Co., Agents and Secretaries. 

 Colombo, 12th, March, 1906. 



DRAYTON (CEYLON) ESTATES CO., 

 LIMIT TED. 



Directors :— Messrs A H Dunsmiue, ii 11 Alston, 

 V A Julius, O C Forster. Estate Inspector :r— Mr Ii, K Clark, 

 Estate Superintendent :— Mr .) Mitchell. 



ACREAGE. 



Tea in full bearing . . . . 732.1 acres. 



Grass, Forest and Waste Land . . U0f ,, 



Total .. 873J acres. 

 The Directors have now the pleasure of presenting to tiie 

 Shareholders the accounts of the Company for the past 

 year. Owing to the very favourable season the tea crops 

 secured amounted to 527.8761b. being 106,876 lb. in excess 

 of the estimate and 80,8761b. in excess of the crop seem ed in 

 190,4. The average net price realised was 41 "11 cents whilst 

 tiie cost of laying down the teas amounted, to 23'5-t cents 

 per lb. which included tiie sum of R13,685'38 expended on 



cultivation. After making provision fur depreciation of 

 Buildings and Machinery there remains a. profit for the 

 year's working of K91,535'40, which is equivalent to 10 per 

 cent, on the Capital of the Company. With the addition 

 of the balance brought forward from 1904 of RC, 695-14, 

 there is now available for distribution a sum of K98,230 - 54. 

 An Interim Dividend of 3 per cent, was paid on 1st August, 

 1905, and the Directors now recommend a Final Dividend 

 of 13 per cent., making a total of 16 per cent, for t lie year, 

 and that the balance of R0,710'54 be carried forward to the 

 current season's working account. The estimate for the 

 current year provides for an expenditure of R120.879 on a 

 crop of 440,000 lb. tea; of this amount it is estimated to 

 expend R12.600 on the cultivation of the estate.— By order 

 of the Directors, WlllTTALL & Co., Agents and Secretaries. 

 Colombo, 16th March, 1906. 



YATADERIYA TEA CO. OF CEYLON. 



DIRECTORS.— F Liesching, Esq., David Fairweather, 

 Esq., Henry Valentine Masefield, Esq., (Managing 

 Director.) 



The Directors have pleasure in submitting the Balance 

 Sheet and Profit and Loss Account for the year ending 31st 

 December, 1905. The profit for the year is R63,070'22 equal 

 to 33'19 percent, on the Capital of the Company, to which 

 must be added R6,544 balance from 1904 ; of this sum 

 R23,7£0 has been absorbed in paying an ad-interim divi- 

 dend of 121 pet' cent. The Directors recommend that a 

 final dividend of 12£ per cent, and bonus of 21 per cent, 

 absorbing R28,500 be declared, Rlo,ooo placed to Reserve, 

 thus bringing same to R121,000 and the balance R7,364'22 

 carried forward. 



Depreciation Account :— This Account now stands at 

 R39,827'80 as a reserve against Buildings and Machinery 

 standing in the Balance Sheet at a very low valuation 

 R66,830'SS, and it is not considered necessary at present to 

 appropriate further profits thereto. The property repre- 

 senting Capital stands in the Balance Sheet at approxi- 

 mately R161 per acre of Tea and Rubber compared witli 

 R191 per acre of Tea in the previous year's Accounts, the 

 year's profit R63,070'22 being equal to R62'94 per acre 

 on the 1,002 acres giving crops in 1905. 



The Total Tea Crop— secured was 623,939 lb against 

 original estimate of 563,000 lb which with 11,311 lb tea 

 from purchased leaf cost 19'75 cents per lb and realised 

 26'96 cents per lb (including value of unrealised portion 

 of the crop.) The tea crop for 1906 is estimated at 

 600,00o lb. The estate continues in excellent order, the 

 benefit from the cultivation of recent years being now 

 apparent. Labour is sufficient, coast advances standing 

 at Rll'll per head. Artificial and bulk manure was 

 applied to 317 acres and primings were buried with slag 

 in 168 acres at an outlay of R15,450 or 2'4s cents per 

 lb on the crop, and it is proposed to spend R15.000 

 under this heading in 1906 equal 2i cents per lb of tea. 

 The Factory and machinery are in good order, a nd no 

 additions are contemplated at present. The old cardamom 

 field of 10 acres and some 40 acres of Diekhena, making 

 50 acres in all, were planted in tea in 1905, and it is 

 intended to open 15 acres in tea in 1906. 



Cocoa.— The small crop gathered, cwts 4. 1. 7., realised 

 R136-15 net. 



Para Rubber. — The total area planted solely in rubber 

 was acres 138. 3.26, at 31st December, 1905, in addition 

 to which 89,499 of the Rubber frees interplanted amongst 

 the tea measured over 1 inch in circumference at 3 feet 

 from the ground according to a census taken lite iu 1905,- 

 of which the following is a summary. 



06,072 trees measuring 1 to 6 ins. i Including 3,801 



15,537 „ 6 to 12 ,. I trees in the 21 



6,367 ,. 12 to 18 ., facres of 1S9S 



5,324 ,, 18 to 61 ,, J (see below.) 



Total 93,300 trees, equal to 622 acres rubber at 150 

 trees per acre. 

 Details of separate rubber plantations are: — 

 A. R. P. 



21 21 planted in 189S included in above census. 

 13 2 13 ,, 1904 not ,. ,, 



104 32 ,, 1905 not ,, ,, 



Total 138 3 26 



