6&S 
THP TROPICAL AGRICULTURIST. [March i, 1890. 
a word or two. On the formation of the Company it 
was thought desirable thdt there should be a Mana- 
ging Director, and he was asked to take that office, 
not that he knew anything about mill machinery, 
for that he did not ; he was in complete ignorance, but 
it was supposed that from his long residence in the 
country and from his professional knowledge he 
would be of assistance during the erection of the mill3. 
He oould not say that he had been of any assist- 
ance, or if he had been, it had been very little indeed. 
However, the object of that appointment having 
ceased, and the emoluments received from it from 
the beginning having been long since thrown up 
by him, he thought the office was no longer neces- 
sary, and though he did not desire until he was 
turned out to resign his office as a direotor of the 
Company, he did desire to resign his offioe as 
Managing Direotor for the reason that there was 
no neoessity for it. They had their agents and 
secretaries and the work was conduoted in the 
most able manner by his old friend Mr. Mitchell, 
under whose guidance he was sure everything 
would be conducted properly. He therefore resigned 
the offioe of Managing Director. 
The Chairman said that he had to thank them for 
re-nominating him as Direotor, and Mr. Grinlin- 
ton for his remarks, whioh were very much 
to the point. He felt that he ought to have anti- 
cipated him by mentioning the services which he 
had rendered to the Company. However, although 
he had resigned the offioe of Managing Director 
they would take good oare that it practically came 
to the same thing : so long as he was a director 
they would take good care they got all the manage- 
ment out of him they possibly could, whatever his 
title might be. In thanking them again for re- 
nominating him to the offioe of Director he could 
only say that the consoientiousness which he had 
given in the past with his brother directors would, 
he was sure, be continued by all of them in the 
future. 
ELECTION OF AUDITORS. 
The Chaibman said that the next matter before the 
meeitng was the election of auditors. He used the 
plural, because under the constitution of the Com- 
pany the shareholders might elect one or more 
auditors. Now in view of the very heavy nature 
of the business and the great desirability of having 
the aocounts most thoroughly audited and rendered 
beyond all deception it had been desirable to 
nominate two auditors to have what would be 
called a sort of continuity in auditing, so that in 
the event of one auditor falling ill there might 
still be one to carry on the continuity of audit 
from year to year, and the accounts continually 
audited on one fixed principle. With that in view 
they had nominated two auditors,— Messrs. S. T- 
Kiohmond and W. E. Taylor, — the latter of the Bank 
of Madias, and if the shareholders chose tore-elect 
those two gentlemen he believed their services were 
at the disposal of the Company. Mr. John Guthrie 
had also intimated his willingness to act as auditor. 
The appointment rested entirely with the share- 
holders. 
Mr. Spaekes asked if Mr. Taylor had had speoial 
experience as an auditor, and on being told that 
he was the accountant of the Bank of Madras, and 
had aoted as an auditor in India, he had pleasure 
in proposing the re-election of Messrs. S. T. 
Richmond and W. 8. Taylor as auditors for the 
coming year at a fee of E100 each. 
Mr. Kamalingam seconded the motion, whioh was 
carried. — The following was the Auditor's report ; — 
Colombo, Jan. 29th, 1890. 
Messrs. Darley, Butler & Co., Agents and Secretaries, 
Ceylon Spinning & Weaving Co., Ltd., Colombo. 
Dear Sirs, — Having examined the books and 
acoounts of the Company we have the pleasure of 
reporting, for the information of the Directors and 
Shareholders, that they are in good order and in 
accordance with the balance sheet. — We are, dear 
sirs, yours faithfully, 
(Signed) S. T. Richmond & W. E. Taylor, 
Auditors. 
VOTES OF THANKS. 
This completed the business, but before the 
meeting olosed Mr. W. T. Holmes moved a vote of 
thanks to the Chairman and Directors of the Com- 
pany for their servioes during the past twelve 
months. 
Mr. J. de Mel seconded, and the motion having 
been oarried, 
The Chairman thanked them for the vote of 
confidence. He could only repeat that the care 
and attention which had been given to their in- 
terests in the past would be continued : in other 
words, they had so far been spending their money 
as profitably as they could, and they would now try 
to get as good a return for it as possible. 
The meeting then terminated. 
♦ 
THE CEYLON PLANTERS' AMERICAN 
TEA COMPANY, LIMITED. 
Colombo, Feb. 15th, 1890. 
To the Editor, 
Sib, — We now beg to enclose the additional 
correspondence from Messrs. Wattson & Farr and 
from Mr. Pineo, New York, and shah feel much 
obliged by your publishing them for the information 
of shareholders. — For the Ceylon Planters' American 
Tea Co., Ltd., DARLEY, BUTLER & Co., 
Agents and Secretaries. 
An extraot from Messrs. Wattson & Farr's letter 
dated New York, Deo. 27th, 1889. 
We are much interested in the matter and are very 
hopeful that the Company will be successful and we 
propose to devote our beet efforts to make it so. 
The shop will be very attractive and we will at first 
concentrate our main efforts on this. If it succeeds 
we think that it is simply a question of time when 
the same principle can be extended to other cities 
We have seen some of the great Jobbing drug houses 
of the West, and the seem much interested. Should we 
be abla to induce them to tike it up it would be 
an immense advantage gained. They tell us that in 
Germany Tea is sold by all the retail druggists and 
as the majority of the drug stores here are controlled 
by Germans, the idea will not seem odd to them. 
"We think it essential to the success of the Company 
that we should be provided with sufficient supply of 
Tea and think that a reserve stock of about 10,000 
lb. should be kept here at all times. 
Should the Company be successful we think it would 
be quite possible to have shares taken here to a 
considerable extent. As soon as the tea and the 
packing machine get here we will get actively to 
work and will keep you fully posted as to how the idea 
takes hold. We remaiD, &c. 
R. Pineo, 140, Pearl Street, New York, U. S. A., 
December 26th, 1889. 
Messrs. Darley, Butler & Co., Agents and Secretaries, 
Ceylon Planters' American Tea Co., Ltd., Colombo, 
Ceylon. 
Gentlemen, — Your favor of the 9th ultimo, with 
enclosures as therein stated, reached me in due course, 
and for wbich you have my best thanks. I last had 
the honor of addressing you on the 16th November, 
when in Vancouver B. O. After leaving Vancouver I 
visited Winnipeg, St. Paul and Chicago, at each of 
which plaoes I remained a few days en route to New 
York, where we arrived on the eveniDg of the 30th 
November. 
