( 14 ) 



In 1905, 2,855 lb. of rubber was secured from 5,324 trees 

 (compared with 685 lb. in 1904) of which the greater 

 number were only l:ghtly tapped towards the close of 

 the season. The rubber realised Rll, 285-65 an average 

 <>f R3-05 per lb. including scrap, sales of rubber seed 

 and plants amounting to R18,083'06. The 1900 crop 

 of rubber is estimated at 7,980 lb., and consider- 

 able orders for plants from 1905 nurseries and 

 seeds have been booked by the Superintendent for 1908 

 delivery. Some 110 acres of' land was purchases for rubber 

 in 1906 of which part was opened, and further acquisition 

 of land for this product is in progress. It is proposed to 

 open 112 acres ill rubber in 1906, when the total acreage 

 of separate rubber will be 250 acres. 

 The Company's Property consisted on the 31st December, 



1005 of:- 













Acres 



Planted 











Tea 



in 



Yield in 1905 



Compared will. 



172 



1885 



551 lb, tea per acre 



514 lb. in 1904 



208 



1S87 



543 



do 



428 



do 



100 



1888 



491 



do 



428 



do 



42 



1889 



613 



do 



648 



do 



e 



1890 



934 



do 



710 



do 



- 52 



1891 



805 



do 



888 



do 



120 



1892 



782 



do 



614 



do 



68 



1894 



814 



do 



536 



do 



37 



1895 



813 



do 



533 



do 



75 



1890 



639 



do 



660 



do 



38 



1897 



610 



do 



402 



do 



2h 



1898 



577 



do 



506 



do 



24 



1S99 



736 



do 



51 1 



do 



1 



1 901 1 



671 



do 



491 



do 



14 



1991 



739 



do 



- 484 



do 



12 



1904 not in bearing 









14 



1905 



do 









30 



1905 



do 









1.043 04 acres total under Tea. 030 lb. average yield 



21 21 do Rubber planted in 1898 on 981 acres com - 



13 2 13 do do 1904 pared with 5201b. 



104 li 32 do do 1905 average on 981 



190 2 00 do Forest, old reserve. acres in 1904. 



1,378 1 30 acres subject to adjustment of exact area of 

 new purchases and forest. 

 —By order of the Directors, The Eastern Produce & 

 ESTATES Co., Ltd., Agents and Secretaries. Colombo. 

 10th March. 1806. 



RUBBER PLANTATIONS. LTD. 



THE PROSPECTUS. 



The following is the prospectus of the Rubber Plan- 

 tations. Limited, working the Ross, Dangan, and Dewilla 

 estates, situated in the Matale district : — Capital £55,000, 

 all issued. Cash in hand £22,500. 



Total area of freehold land 1,085 acres 



Of whiph there are— 



In Cocoa in full bearing 344 acres 



Do. partial bearing 27 „ 



Do. planted, but not yet bearing 44 ,, 



In Tea in bearing 88 ,, 



Jungle lands adjoining tlio estates 582 ,, 



1,085 acres. 



There are upwards of 30,000 rubber trees, and 7,500 

 coconut trees planted through the cocoa and serving as 

 shade trees. Of these about 7,000 rubber trees are ready- 

 to tap, and are bearing seed which can be used for fur- 

 ther planting up. The remainder w ill gradually come into 

 bearing. 4,000cocount trees are in bearing. It is estimated 

 that the revenue from the estates for the financial year 

 1900-7 will be as follows:— 



Cocoa, 1,200 cwts. at 50s. 



Coconuts 



Tea and Sundries 



Rubber seeds 



Rubhor, 10,000 lbs. at 5s. 



Working estate 

 Manuring 



Cclleiting :;nd shipping 

 rubber at 9d. per lb. 



£1,51/1 



200 



£3,000 

 250 

 150 

 300 

 2.500 



£0,1)00 



2,075 



Profit £4,125 

 This profit may be expected to increase year by year by 

 about £2,000 per annum up to £12,000 per annum 'in 1910-11, 

 when the larger area, for the planting of which it is 



proposed to provide capital, will commence to yield. In 

 addition to the 1,085 acres above referred to, steps are 

 being taken to acquire other jungle lauds to bring the 

 acreage up to ?, 00 acres. With an expenditure of £22,000 

 the estates can be brought up to 2,000 acres of cocoa and 

 rubber in bearing. This planting can be done within 

 three years, so that the new plantations will gradually 

 be coming into bearing from 1910 onwards. The above 

 figures show a return after one year of 7A per cent, on the 

 proposed capital, rising each year by 2J per cent, unti 

 such time as the new plantations start bearing. 



When the whole 2,600 acres is in bearing the revenue is 

 estimated at : — 



6,000 cwts. of cocoa at 50s. 

 4o0,000 rubber trees, say at 1', lb. per tree, 

 and 4s. par lb. 



Jjtts: — 



Cost of working 2,090 acres £7,001 

 Collecting and shipping 000,000 



His. of rubber at 6d. 22,500 



front. 



£15,' 00 

 £120,00 i 

 £135,0i 



'.9,5'0 

 £105,500 



Directors : — Messrs. RICHARD HOFFMANN, Francis A. 

 Govett, William Radcliffe, andT. W. Welllsted. 



THE PANAGULA RUBBER CO., LTD. 



Directors :— Messrs A D Forbes, D Kerr; and C F. 

 Welldon, (Managing Director). 



The Directors herewith submit Report and accounts for 

 the half-year ending 31st December. 1905. The Company's 

 financial year will in future run from 1st January as 

 decided at the General Meeting last year. The 750 

 shares, the issue of which the last General Meeting 

 authorised, have all been taken up. A further 39 acres 

 rood 9 perches of land adjoining Kheliagoda have been 

 purchased from Government, and the Company have 

 acquired the 60 acres for which they were in negotiation 

 at the time of the last meeting. Fifty acres adjoining 

 Panagula have also been bought from Government, making 

 the total acreage of 



PANAGULA. 



166J acres opened in 1904 

 128J „ 1905 



49 ,, being opened 



eheliacoda. 

 158 acres opened in 190 

 188 „ being opened 

 39 ,, Reserve 



Balance 20 



Reserve 



Total 385 acres Total 364 acres 3 rds 33 perches. 



By July, 1906, the Company should have on both estates 

 693 acres under Rubber, and every endeavour will be 

 made to complete the promised acreage of 706 acres be- 

 fore the end of the year. The growth of old Rubber on 

 Panagula is very satisfactory, and although the 1905 plant, 

 ing was done late, the plants are coming on well, and 

 there are hardly any vacancies. The Managing Director 

 has lately visited the estates, and reports that they are in 

 good order, and that the work for 1906 clearings is well 

 advanced. Proposals regarding the purchase of more land 

 will be put before the Shareholders at the General Meet- 

 ing. The Directors have been approached as to the Com- 

 pany's willingness to dispose of their properties, and this 

 will also be considered at the General Meeting.— By order 

 of the Board of Directors, F. Likschino, Secretary. Hatton 

 10th March, 1600. 



TALGASWELA TEA CO., LTD. 



Directors :— Messrs G Vanderspar, Hector VanCuylen- 

 berg, and A O Figg. .Agents i and (Secretaries .-—Messrs 

 J .1 Vanderspar & Co. 



The Directors have pleasure in submitting their Report 

 and Accounts for the year ending 31st December, 1905. 

 The crop secured was 164,123 lbs. as against 160,396 last 

 year and 141,541 for 1903. The decrease of 6,274 lbs. is due 

 to the drought experienced in November and December. 

 The tea cost, including cost of manure, delivered in Colombo 

 *6-29, and realised a nett average of 32-39. After allowing 

 for R2.358-01, on account of depreciation and seven per 

 cent, on the preference shares, there remains at the credit 

 of profit and loss account a sum of R10.461 08. The amount 

 spent on capital account amounts to R21,561'15, made 

 up as follows : — 



. . R16,258'S3 

 .. ,, 3,855-29 

 . . „ 1,447-03 



Thore are 221 acres planted with rubber, and the 

 Superintendent reports that the rubber is doing well. 

 The 157 acres felled and ready for planting wonld have 

 also been planted had the seed purchased been delivered. 

 Sufficient seed and stumps have been purchased for planting 



On account of rubber 



On account of tea 



On account of machinery 



