( 18 ) 



The Net Profit for the year 

 amounts to .. £11,157 16 6 



And the Balance from last year to 464 8 5 



Making a total of £11,622 4 11 



The Directors have already paid 

 out of this, Dividends on the 

 6 % Preference Shares for the 

 year ending 31st Dec, 1905 1,800 



Interim Dividend on the Ordinary 

 •Shares of 6 % free of Income Tax 3,122 2 



Income Tax to 31st Dec, 1905 328 13 

 And it is Proposed :— 



To pay a Dividend of 8 % free 

 of Income Tax on the Or- 

 dinary Shares, making 14 % 

 for the year . . .. 4,162 16 



To place to Reserve for Depre- 

 ciation and General Purposes 1,000 



And to carry forward the Balance 1,208 13 11 



£11,622 4 11 



SCHEDULE OF THE COMPANY S ESTATES. 



Tea. 



Sandringham and Yarravale 

 Balmoral and Clydesdale 



m i 



CQ 



531 

 440 



26 



12 

 160 



543 



Acres .. 971 26 172 1,169 



—By Order of the Board, C. G. Bois, Joint Secretary. 

 12, Fenchurch Street, London, 22nd March, 1906. 



THE VELLIKELLIE TEA COMPANY 

 OP CEYLON, LTD. 



Your Directors beg to submit their Keport and Balance 

 Sheet for the year ending 31st December, 1905, duly audi- 

 ted. The total yield was 263,221 lb. tea, plucked off 540 

 acres, being at the rate of 487 lb. tea per acre, costing free 

 on board at Colombo 31 '85 cents per lb. The gross average 

 price of the 260,938 lb, sold in London was 875 per lb. 

 Last year the crop amounted to 258,645 lb. costing 31 '61 

 cents per lb. f. o. b., and the average price for the 256,390 

 lb. sold in London was 8'77 per lb. The crop for the cur- 

 rent season is estimated at 270,000 lb. tea. The rate at 

 which Drafts were negotiated was Is. 4|d. per Rupee, 

 against Is 4 ll-32d last year. 

 The Net Profit for the year amounts to . . £2,339 11 6 

 And the Balance from last year to . . 149 2 9 



Making a total of . . £2,488 14 3 

 The Directors have already paid out of 



this, Dividends on the 6 per cent Pre- 

 ference Shares for the year ending 



31st December, 1905 . . £285 



Interim Dividend on the Ordinary 



Shares of 2 per cent free of Income 



Tax . . 705 



Income Tax to 31st December, 1905 . . 66 6 

 And it is proposed : — 

 To pay a Final Dividend of 3 per cent 



free of Income Tax on the Ordinary 



Shares, making 5 per cent for the year . . 1,057 10 

 And to carry forward the Balance of . . 375 3 9 



£2,488 14 3 



It is with the deepest regret that your Directors have to 

 report the death of your late Chairman, Mr George Aber- 

 crombie Dick, which took place in July last year. At the 

 last General Meeting, held on the 11th April, 1905, Mr 

 Charles Gordon Bois was elected to a seat on the Board. 

 —By Order of the Board, ROBERTSON, Bois & Co., Agents 

 and Secretaries. 12, Fenchurch Street, London, E.C. 19th 

 March, 1906. 



THE TYSPANE TEA CO., LTD. 



The Directors have the pleasure to submit the Balance 

 Sheet and accounts of the Company for the year ending 

 8lst December, 1905, duly audited. The total yield was 

 275,7 2 lb. tea, against 284,088 lb. obtained last year ; 

 the cost of production was 27 - 67 cents per lb. free on 

 board at Colombo, against 23 '38 cents last year. The 

 gross average price was 6'27d., against ti - 22d. last year. 

 The increase in cost is due to more expensive plucking and 

 repairs to buildings. The present season's crop is estimated 

 at 280,000 lbs. tea. Exchange average 1/4 11-32 per rupee; 

 being the same as last year. 



The Net profit for the year 



To which has to be added the 



balance brought forward from 



last year of 



The Directors have already paid 



out of this 

 Interest on Debentures 

 Income Tax to 31st Dec. 1905 

 And it is proposed :— 

 To pay a Dividend of 2\ per 



cent free of Income Tax, for 



the year 

 And to carry forward 



£668 13 11 



225 



90 

 73 4 3 



450 

 280 12 10 



£893 17 1 



£893 17 1 



By Order of the Board 



ROBERTSON BOIS & Co. 



Agents and Secretaries. 



12, Fenchurch Street, 

 London, E. C, 19th March, 1906. 



The acreage of the Estates is as follows :— 



Tea in full and partial bearing . . 800 acres. 

 Jungle, Timber and Waste . . 168 



068 



THE DIMBULA VALLEY (CEYLON) 

 TEA CO., LTD. 



The Directors beg to submit the General Balance Sheet 

 and profit and loss account for the twelve months ending 

 31st December last. The net profit earned as shown by 

 the profit and loss account was £16,782 Is, as against 

 £12,719 18s 9d in the previous year, a result which the 

 Dire ctors consider extremely satisfactory. During the 

 year 6 per cent was paid on the preference shares and 

 an interim dividend of 4 per cent on the ordinary shares. 

 It is now proposed to pay a final dividend of 4 per cent 

 on the ordinary shares, making 8 per cent for the year, 

 place £3,000 to reserve, making the total amount of this 

 £9,OOo and carry forward a balance of £2,277 10s lid to 

 next year. The crop amounted to 1,215,304 lb to 31st Dec, 

 being the largest crop the estates have given, against, 

 for the previous twelve months 1,074,446 lb. The cost 

 of cultivation and placing the crop on board ship was 

 26"09 cents, against 27'45 cents the previous twelve months, 

 o The total crop realised £40,184 19s net, equivalent to a 

 gross average for the tea of 8"94d per lb, against 8'59d last 

 year, and 8 - 73d for the previous season. The present acre- 

 age is as follows :— 



cultivated 



Bearwell 

 Belgravia 

 Elgin 

 Langdale 

 Lippakelle 

 M ousa Ella 

 Tillicoultry 



Uncultivated 



2 9 acres 

 262 



274 

 195 

 466 

 399 



2,185 

 259 



Total 



2,444 



Rubber. -The Directors availed themselves of an op- 

 portunity that presented itself during the year to pur- 

 chase an estate called Eladuwa, in the Kalutara district, 

 for the purpose of Rubber cultivation, at the price of 

 R70,000, say £4,745. Immediate steps were taken to extend 

 the cultivation of Rubber on the property, and the present 

 acreage is given as follows ; — 



J 58 acres of tea planted with Rub- 

 ber, June to Aug., 1905 15 x 15 

 14 „ Rubber planted Oct., 1904 14 ,, 18 

 18 „ ,, ,, June, 190414 ,, 14 

 Interplanted with tea, June, 1904 

 5 acres Rubber planted June, 1905 18 ,, 18 



5 „ „ „ Aug., 1905 20 „ 10 basket 



plants. 



12 „ „ „ Sept., 1905 15 „ 15 „ 

 22 ,, „ „ Sept. to 



Nov., 1905 15 „ 15 „ 

 35 „ „ „ Nov., 1905 15 „ 15 1904 



stumps. 



127 „ Jungle to be 



planted May, 1906 



Total . . 396 acres. 



