( 20 ) 



The Directors are pleased that the results for the year 

 shew a gratifying increase over those of the previous 

 .Season. The total crop secured amounted to 414,894 lbs. 

 Tea as against 359,547 lbs. in 1904, shewing the substantial 

 excess of 55,347 lbs. The season was a comparatively dry 

 one, but after the previous season's heavy rainfall &f 

 165*98 inches the bushes flushed well throughout the year. 

 The net average price realised for all sales runs out 

 practically the same as for the previous season, being 

 7 - 33d, as compared with 7'32d for 1904. Estimates for 

 the new year, which have been carefully compiled by Mr 

 Dunbar, include the completion of the Factory Extension, 

 the setting up of a Liquid iFuel Installation, and the 

 purchase and erection of a new Boll Breaker, and to- 

 wards cost of these works the Directors have set aside 

 a sum of £200 out of the profits of last year, besides 



placing a similar amount to reserve account. In accord- 

 ance with the Articles of Association, Messrs W J 

 Chrystal and J G Chrystal retire from the Board at this 

 time, and these gentlemen, being eligible, offer them- 

 selves for re-election. Messrs Cape and Dalgleish also 

 offer themselves for re-election as Auditors. —By order of 

 the Board, Jas. F. Anderson, Secretary. 

 16, Philpot Lane, London, E.C., 29th March, 1906. 

 ACREAGE OF MOUNT VEBNON ESTATE. 



Tea .. 755 acres 



Grass . . 20 ,. 



Scrub and Patana . . 65 ,, 



Total 840 



