February i, 1890.I THE TROPICAL AGRICULTURIST. 
561 
THE YATIYANTOTA TEA COMPANY, LTD. 
lleport of the Directors for presentation to the 
Annual Ordinary General Meeting of the shareholders 
to be held on Friday, 7th Feb. 1890, at noon. 
Directors : Charles YouDg, Esq., A. Thomson, Esq , 
W. D. Gibbon, Esq., W. H. G. Duncan, Esq. 
The Direotors have pleasure in submitting to the 
Shareholders the Accounts of the Company for the past 
year. The crop secured in the year was 153,1071b. of 
made Tea, being 13,107 lb. in excess of the estimated 
quantity, and the cost of laying it down in Colombo 
amounted to R36,955'25. In addition to the produce 
of the estate, 5,632 lb. of Tea were made from pur- 
chased leaf at a cost of 112,534.40; whilst the average 
net price realized for the total out-put of 158,739 lb. 
was 48 cents per lb. 
Aiter making the usual provision for depreciation 
of Buildings and Machinery the net profit lor the year 
(including a small balanoe from 1888 account) amounts 
to R29,476 , 18, equal to nearly 33 per cent on the paid- 
up Capital. An interim Dividend of 8 per cent was 
paid in August last, absorbing R7.200, and of the 
balance of profit the Directors propose to apply R15,300 
in paying a further Dividend of 17 per cent, to place 
R6,500 to credit of an "Extension Fund" and to 
carry forward to next year's account the remaining 
R475.18. 
During the year the Company has acquired from 
Government at upset price 143 acres of land adjoin- 
ing Polatagama estate, making the totil acreage owned 
by the Company 910 aores, which with Buildings and 
Machinery stand in the books at a cost of Bl0O,262-54. 
The Drectors have decided on extending the cultivation 
of Tea on Polatagama, a course which they have no 
doubt the Shareholders will approve, and arrangements 
have been made to plant up 54 acres early this year. 
The estimated cost, to the end of 1890, of this ex. 
tension is R4,800. 
The crop in 1890 from 404 acres is estimated as 
170,000 lb. Tea against an estimated outlay on the 
ettte of R43,000. 
In terms of the articles of association Mr. O. Young 
retires by rotation from the office of Direotor but 
beingeligi ble, offers himself for re-dection. 
Balance Sheet, 31st December 1889. 
Dr. Liabilities. E o. Be. 
To Capital— 
100 Shares at ROOOper share 90,000 00 
To Debts and Liabilities of the Company — 
Due to Coolies, Chetties and 
others as per Superinten- 
dent's Balance Sheet ... 5,578 00 
Auditor's Fee ,,. ... 50 00 
5,628 00 
To Profit and Loss account — 
Balance of this account .. 29,475 18 
Less Interim Dividend paid 7,200 00 
. 22,275 18 
Or. Assets E 
By Property (Immovable) held by the 
Company, viz : — 
Polatagama Estate 
Land ,.. ... ... 64,938 66 
Buildings original cost.., 20,503 97 
Less written off, viz : — 
2-lOtha of B16.499 22 
(1888) 3,099 84 
l-10th of E5,004 75 
(1889) 500 48 
E117.903 18 
c. 
3,600 32 
Nurseries and Expenditure on new 
clearing ... 
16,903 65 
1,835 26 
Abamala Land ... ... >lt 
By Property (Movable held by the Com- 
pany, viz : — 
PolattiKama Estate 
Machinery original cost ... 15,825 18 
LeBS written off, viz : — 
2-5ths of K13.809 37 
(1888) ... 6,523 75 
l-5th of E2.015 81 
(1889) , , 403 
83,677 
6,686 
71 
16 
— - 5,02091 
0,898-27 
Stock in Trade 
Value of unsold, since realized .,, ... 
By Debts due to the Company 
(considered good) 
Coast advances ... ... 3,040 73 
Sundry amounts due to the 
estate for lent labour, &c, 
as per Superiutendent's 
Balance Sheet... ,.. 1,246 58 
By Cash 
In Bank on Current Account 
8,288 18 
4,287 31 
5,067 15 
Dr 
EU7.903 18 
Polatagama Estate Working Account, 1889. 
it. 
48,345 47 
To Expenditure for year as per 
Superintendent's Monthly Re- 
ports, including cost of leaf 
purchased... 
Less Expenditure on Permanent 
works transferred to debit of 
Polatagama Estate, viz :— 
On Buildings B5.001 75 
On Machinery 2,015 81 
On New Clearing 1,835 26 
i 8,855 82 
To Balance carried down 
To Amount written off for depreciation, viz :— 
l-10th Cost of Buildings 2,050 40 
l-5th Cost of Machinery 3,165 04 
39,489 
36,926 
33 
To Balance transferred to credit of Profit 
and Loss Account 
76,115 98 
5,215 44 
31,710 89 
R36.926 33 
Cr. 
By net proceeds of 158,738 lb Tea 76,322 79 
By Beceipts for manufacturing Tea 46 — 
By Bonus on Fire Insurance 1887 in the Hongkong 
Fire Insurance Company Limited 48 19 
E 76,415 88 
By Balance brought down E36,926 33 
Profit and Loss Account for the Year ending 
31st December 1889. 
Dr. 
To Payment of Divident for 1888, at 22 per c 
„ Balance carried down 
To Directors', Inspector's and Secretary's fees and 
Office Rent for the year 
„ Stationery, postages and petties 
„ Interest 
„ Auditor's fee . . 
„ Balance . , 
Cr. 
By Balance of Profit at 31st December 
By Balance brought down . . 
„ Transfer Fee 
„ Balance transferred from Working Account 
R. 
c. 
19,800 
120 
15 
19,920 
15 
2,000 
99 
77 
211 
09 
50 
29,475 
18 
R31.836 
04 
R. 
c. 
19,920 
15 
19,920 
15 
120 
15 
5 
31,710 
89 
R 31,836 
TANNIN IN CEYLON AND INDIAN TEAS. 
The extract under this heading which we append, 
will be read with interest by all connected with the 
growth and manufacture of tea, and also by many who 
use the fragrant leaf and desire to ascertain the time 
for infusion which will give a strong but not a harsh 
liquor. The period may be taken at 5 to 7 
minutes, with perfeotly boiling water. In most 
cases, it will be seen from the article quoted, one- 
third of the tannin contained in the leaves was 
extracted in five minutes, while olose on 60 
per cent was yielded in 15 minutes. The con- 
