( 17 ) 



THE UDAPOLA RUBBER CO., LTD. 



Directors :— Messrs. W S T Saunders, T C Iluxley, 

 F L Clements, A L Hine-Haycock and G E Woodman. 

 Visiting Agent: — Mr. J. P.Anderson. 



ACBEACE : 

 Planted, 1903 and 1904 .. 142 I 32 



„ 1905 .. .. 244 1 11 



Opening in 1906 .. .. 173 1 24 



Jungle .. .. 8 2 14 



Rock 



Total Acreage 



• 6 28 

 574 3 29 



The Directors herewith submit their Report and Balance 

 .Sheet for 1905. During the year 8 small blocks of Gov- 

 ernment jungle land were purchased, containing 50 acres 

 in all, at an all round average price of R66-84 per acre. 

 Besides the foregoing, the Directors purchased 246 acres 

 more or less from Mr. B Alleyn, of which, > 66 acres have 

 been transferred to the Company, the remaining 80 acres, 

 more or less, will be taken over when Mr. Alleyn has 

 socured a Certificate of Quiet Possession from Government. 

 The consideration to be given to Mr. Alleyn for the 246 

 acres is 160 fully paid shares in the Company, 30 of which 

 have been retained pending the perfection of title to the 

 80-acre block. The Directors are in negotiations for the 

 purchase of some further 600 acres of suitable land ad- 

 joining the Company's property, which it is hoped they 

 will be able to acquire shortly. During the year under 

 review acres 244, 1, 11 were opened, the growth of which 

 is satisfactory. The acres 142, 1, 24 planted in 1903-1904 

 show a very fine growth. The subject of Director's fees 

 not having been previously brought before a General 

 Meeting it is recommended that their remuneration be 

 fixed at a sum not exceeding Rl,500 per annum.— By 

 order of the Directors, Gordon Frazer & Co., Agents 

 and Secretaries. Colombo, 19th March, 1906. 



THE LINDOOLA TEA CO., LTD. 



The Directors have the pleasure to submit the balance 

 sheet and accounts of the Company for the year end- 

 ing 3 :st December, 1905, duly audited. The total crop 

 was 167,897 lb. tea, against 154,850 lb. obtained last 

 year, being at the rate of 516 lb. per acre, and cost 23 

 cents per lb. free on board at Colombo, against 27'32 

 cents last year. The gross average price was 8 64d 

 per lb., against 7'53d last year. As will be seen 

 by the above figures, the yield was satisfactory, the cost 

 of production moderate, and the improvement in price 

 considerable, the demand for good upcountry teas having 

 improved since the reduction in the duty last July. 

 Drafts were negotiated at an average rate of Is 4 25-64d 

 per rupee, against Is 4 23-64d last year. 

 The Net Profit for the year amounts to £2,482 8 3 

 And the balance from last year to 38 1 6 



Making a total of 

 The Directors have already paid out of 

 this, Dividends on the 6" per cent Pre- 

 ference Shares for the year ending 31st 

 December, 1906 

 Income Tax to 31st December, 1905 

 Interim Dividend of 2 per cent free of in- 

 come Tax on the Ordinary Shares 

 And it is Proposed :— 

 To pay a Final Dividend of 3 per 

 cent free of Income Tax on the Ordi- 

 nary Shares making 5 per cent for 

 the year - 

 To transfer to Reserve for Depreciation 

 And to carry forward the balance of 



£2,520 9 9 



£780 

 33 



520 



£780 

 250 

 157 



£2,520 9 9 



ACREAGE. 



Tea in Bearing - . 325 acres. 



Timber - - 18 ,, 



Jungle and Patana - - 19 ,, 



the greater part of the season. The cost ef produc- 

 tion per lb. is slightly higher, mainly because of a 

 larger outlay on manure, but this is more than covered 

 by the marked improvement in the average price ob- 

 tained which is due to a much better demand since 

 July last for the class of tea produced by the Com- 

 pany's estates, consequent upon the reduction of duty at 

 that time. 3. The following statements gives details 

 which may be of interest : — 



p. 



o 



Acres, lb. 



1900 

 1901 

 1902 

 1903 

 1904 

 1905 



lb. 



1,640 697'359 425 



1,777 692,579 390 



749-445 416 



737-027 406 



7S8-706 416 



1,640 837-105 44J 



1,800 

 1,814 

 1,895 



© ,o 



§-1 



fc. o 



OO 



"S* 



« o 



01 . 



O 

 d. 



4'86 

 5-29 

 4-87 

 4-71 

 4-54 

 4-66 



So 

 dl j. 

 t~ © 



© a. 



>• 



s © 

 m .2 



d. 



8-68 

 8-37 

 8'45 

 8-16 

 7'77 

 8-21 



M 



S ©' 

 © 



O -j 



8P3 



a s 



> O 

 < 



dl 

 4 17-64 

 4 3-16 

 41 



4 5-16 

 4 11-32 

 49 



O © V 



© eg 



o 



a © a 



o u 



^ TO O 



Saw 

 p 



per cent. 

 6 



4. 



9 



The profit for the year amounted to £7,941 



To which has to be added interest 211 14 2 



And the balance from last year of 195 17 11 



Making a total of £8,349 1 1 



The Directors have already paid out of 

 this, Interest for the year upon the mort- 

 gage, less Income Tax 



Dividend for the year upon the 6 per cent 

 Preference Shares, less Income Tax 



Income Tax to 31st December, 1905 



And they propose to deal with the balance 

 as follows : — 



To pay a dividend of 6 per cent free of 

 Income Tax, on the ordinary shares, 

 requiring 



And to carry forward the balance of 



228 



1,881 

 358 it 2 



3,960 

 1,921 





 8 10 



£8,349 1 1 



The Directors have decided to carry forward this un- 

 usually large sum in order to meet the heavy outlay 

 required in 1906 for renewal of machinery and build- 

 ings. 



schedule of the company s estates, 

 the 31st December, 1905. 



ON 



Estate. 



Sheen 

 Pundaloya 

 Wootton 

 Deeside 



Total 



a a 



© s 



S3 



^3 ca 



£3 xn 

 — = ■ 



Total. 











Acres. 



686 



81 



76 



52 



895 



495 



15 



29 



95 



634 



314 





39 



25 



378 



400 



10 





26 



436 



1,895 



106 



144 



198 



2,343 



—By order of the Board, Robertson, Bois & Co., Agents 

 and Secretaries. 12, Fenchurch Street, London, E.C. 23rd, 

 March, 1906. 



362 acres. 



—By order of the Board, Robertson, BOIS & Co., Agents 

 and Secretaries. London, 19th March, 1906. 



THE PUNDALOYA TEA COMPANY 

 OF CEYLON LIMITTED. 



1. The Directors now submit their report for the year 

 ending the 31st December, 1906, together with the 

 balance sheet and accounts of the Company made up 

 to that date, and duly audited. |2. The crop amounted 

 837,105 lb., being an increase of 48,399 lb. over that of 

 the previous year owing to more favourable weather for 



THE BALMORAL (CEYLON) ESTATES 

 COMPANY., LIMITED. 



The Directors have the pleasure to submit the Balance 

 Sheet and Accounts of the Company for the year ending 

 31st December, 1905, duly audited. The total yield of tea 

 was 677,017 lb, against 624,947 lb last year, being at the 

 rate of 679 lb per acre all round ; the cost of production 

 was 27T1 cents per lb, free on board at Colombo, against 

 25'87 cents last! year, ar "i the gross average price ob- 

 tained was 9'75d per lb against 9'37d per lb in the previous 

 year — Sandringham Teas averaging 9 88d and Clydesdale 

 9'62d per lb. Exchange has averaged throughout the 

 year Is 4 5-16d against Is 4 ll-32d last year. 



