( 16 ) 



on 14th July, lust. Ife reported that the estate pro- 

 mised very well and his report is available for inspec- 

 tion to any Shareholder, — By order of the Directors, 

 Colombo Commercial Co., Ltd., (John G. Wari>roi>, 

 Manager), Agents and Secretaries, Colombo. 14th March, 

 1906- 



GENERAL CEYLON TEA ESTATES, 

 LIMITED. 



Directors :— Messrs TC Owen, Chairman, T J Law- 

 rance and Keith F Arbuthnot. 



The Directors beg to submit herewith the accounts of 

 the Company and their report for the year ending 

 December 31st. 1905, showing a profit of £8,743 4s Id. 

 After allowance for debenture interest and other charges, 

 there remains a sum of £231 17s 9d at the credii of 

 profit and loss, to which has been added a balance of 

 £3,340 13s brought forward from the previous year, mak- 

 ing a total of 3.75;! 0s 9d. Against this has 

 been charged the sum of £1,757 3s lid spent on 

 developing Rubber cultivation, leaving a balance of 

 £1.815 6s lOd to be carried forward to next year. The 

 market throughout the year has been a very unfavour- 

 able one for low-country teas, the reduction of the duty 

 in July, 9 5, having had little or no good effect on this 

 class of tea. In consequence, although the Company's 

 estates have yielded a large crop, the 'result of the year's 

 working is most disappointing. The coffee crop naturally 

 shows a considerable falling off, and this cultivation will 

 very soon be replaced by that of tea. The crops from 

 the Company's estates amounted to 2.846,700 lb! tea, ex- 

 clusive of bought leaf (59.153 lb.) 1.109 bushels ot coffee, 

 and 367 cwt. of cocoa ; against estimates of 2,822,000 lb. 

 tea, 2,000 bushels of coffee, and 400 cwt of cocoa. The tea 

 cost, sold in London, ,V06d., and realised 5'76d. per lb. 

 (the unsold portion of the crop being taken at a conser- 

 vative valua tion). The exchange for the year averaged Is. 

 4 25-04d. The yield per acre was 507 lb. over the fields in 

 full bearing, after allowing 2C0 lb. per acre for those in 

 partial bearing. The present cultivated acreage is as 

 follows :— Tea in bearing 5,589 acres, tea in partial bearing 

 51 acres, not in bearing 63 acres, cocoa 140 acres, coffee 

 15 acres, rnbber, by itself 55 1 acres. — Total cultivated area 

 6,4K1 acres. About 1.930 acres of the tea have been inter- 

 plauted with rubber, which is now of various ages up to 

 four years old, making the total under rubber about 

 •2,483 acres. 



In response to a request from the Directors the Mana- 

 gers in Ceylon gave them ithe following information as 

 to the acreage of Rubber Company's on the e states ! — 



RUBBER IN CLEARINGS. 

 Planted 1902 . .. 542 trees over 3 acres. 



,, 1903 .. 10,584 „ „ 53 



t, n n, 12,616 ,. „ „ 



. numbers not given ., 33 ., 



32.396 trees ., 173A ., 



.. numbers not given ,, 184 ,, 



J 1904 

 1905 



Total- 



RUBIiER THROUGH TEA. 



old trees in bearing 

 Planted 1909 



1903 



1904 



1905 



Aleo of various ages 



R;924 trees 

 12,596 

 28.843 



7,205 

 95,179 



4,189 



553 „ 



ovei' 53| acres. 

 „ 101 



» 378J „ 

 ,. 90 

 ,,1,265 

 „ 42 



153,996 .,1,930 

 The Rubber crop from the Glanrhos and Clontarf estates 

 amounted to 4,194 lb. against an estimate of 2,200 lb, and 

 the average price realised for what has already been sold 

 has been 5s lO.Vd per lb. For 1906 a crop of about 7,0 

 lb is expected.."— Messre. T C Owen, Keith F Arbuthnot, 

 Directors. Rowe White & Co., Secretaries, March 16th, 19U6. 



KALUTARA RUBBER COMPANY OF 

 CEYLON, LTD. 



Directors : — T B Campbell. Esq., C M Buckworth, 

 Esq., B L Clements, Esq., G E Woodman, Esq 

 ACREAGE. 



Planted 1904. .. .. 20 Acres. 



1905. S. W. .. 254 ,, 



., X. W. . . 185 ,. 



Jungle belts 8 ,, 



Tea interplanted with Rubbers. W. 



1905. .. .. 85 ,, 



Total 547 Acres. 



Estimated Tea Crop 56,00) lb. 15 Months. Crop Se- 

 cured 54,012 lb. (Costing) Colombo 26'88.' During the 



year no manuring was done, only primings buried with 

 basic slag at a cost of 2'86 per lb. Estimated Crop of 

 Tea for 1906 is 45,0001b. to cost 22V4. The programme in 

 the Prospectus regarding the planting up of the Estate with 

 Rubber has been carried out in its entirety. The 1904 

 (20 acres) has made exceedingly good growth. The 1905 

 S. W. clearings have also come on well, and have been 

 supplied where necessary. The X. E. clearings are also 

 making a satisfactory start. The Directors have applied 

 for a further block of some 200 acres which they propose 

 to pin-chase should it be procurable at a resonable figure. 

 During the past year a permanent set of lu-room lines 

 was built and this is all that it will be necessary to ex- 

 pend on cooly accommodation until the estate comes into 

 bearing. 10,000 Rubber seeds were put into nurseries 

 last August and will be available if required for clearings 

 or supplies. Mr. A Eliot resigned rhis post of Auditor and 

 Mr. H P Church was appointed in his stead, by the 

 Directors. The expenditure on planting Rubber up to 

 the end of 1905 was R32,86l'85 and the estimated expen- 

 diture for 1906 is R10.725 00, making a total of R49,580'85 

 as at the end of 1906. which represents 459 acres of 

 Rubber clearings and 85 acres planted through the Tea, 

 or an all round cost of R91 per acre for the whole 544 

 acres planted with this product. — Hyorder oi the Directors, 

 cordon Frazer & Co., Agents anfi Secretaries. Colombo. 

 .March 19th, 1906. 



TALAWAKELLE ESTATES CO., LTD. 



Directors.— Messrs. Arthur Phelips Hoskyns, Charles 

 Murray Robertson. 



The Directors have the pleasure to submit the balance 

 Sheet and Accounts of the Company for year ending 31st 

 December, 1905, duly audited. The Mortgage has been re- 

 duced to £9,500 by the payment of the eighth instalment of 

 £1,500 on the 31st December last, which has been charged 

 to Profit and Loss Account. The weather was favourable 

 for flush, especially during the south-west Monsoon, and, as 

 will be seen from the statement below, the yield was satis- 

 factory, the cost of production moderate, and the average 

 price better than that obtained last year, owing to the im- 

 proved demand for high-class tea since the reduction in th« 

 duty last July. The estates are reported to be in excellent 

 order in every respect. 



RESULTS OF WORKING FOR SIX YEARS ENDING 



.'ilsjT DEC, 190">. 



o ft 



S T! 5 



io P. 



Acres. lb. lb. lb. d. cents, s. d. 



1900 802 419,632 523 417,978 1V21 27* 1 4 9-32 



1901 802 422.03S 526 420,599 10 '23 271 1 4 3-16 



1902 802 434,492 541 432,907 10'10 27 1 4} 



1903 802 384,559 478 383,196 9*62 28.'. 1 4 5-16 



1904 906 425,183 469 424,140 9'10 27 1 4 3-8 



1905 906 460,686 50S 459,210 9'55 271 1 * 3-S 

 The profit for the year amounted to £6,776 4s 6d, to 



which has to be added interest £3* 5s 7d. and the balance 

 from last year of £i42 0s9d.— Total £6,952 11)3 10A. 



Interest on the mortgage for the year hay been paid, 

 amounting, Ugg income tax, to £522 10s. the eighth in- 

 stalment of the mortgage of £ 1,500 lias been paid, viz. 

 £1,500, dividend on the 6 per cent, preference shares for 

 the year, It** income tax, has been paid £13 10s, an 

 interim dividend of 4 per cent, free of income tax, on the 

 ordinary shares was paid on the 2nd October £1,48:! 10s, 

 income tax to 31st I'ecember, 1905, £318 9s 6d. 



It is Proposed. — To pay a final dividend of 7 per cent, 

 on the ordinary shares, free of income tax, making 11 

 percent, for the year, which will require £2,594 1 8s, and 

 to carry forward the balance of £220 7s id — Total £6,952 

 10s H>d. The Directors desire .to place on record their 

 appreciation of the efficient management of the estate 

 by their Superintendent, Mr II St. C Bowie Evans, and his 

 Staff.— By Order of the Board, Robertson, Bois & Co., 

 Agents and Secretaries. 12, Fenehurch Street, London, 

 E. C, 17th March, 1906. 



{Schedule of the Company[s Estates.) 



Tea in full Forest Grass, Land, Approxi- 



Estates. & partial and Buildings, mate 



bearing. Timber. Aic Total. 



Talawakele .. (a) 376 7 (';) 22 4 "5 acres. 



Xanuoya .. 250 1 11 202 ,, 



Katookele . . 2S0 . 8 288 



Totals 



906 



41 



955 acres. 



(rt) 3 acres leased from the Proprietor of the Boutiques. 

 (b) 2 acres leased to Messrs Davidson & Browne: 



