8$o 
THE TROPICAL AGRICULTURIST. [June 2, 1890. 
traded much attention at recent exhibitions. There 
seems also a likelihood of the fibre being found admir- 
ably adapted for paper making. Oan men be said to 
be poor who live in a country where bread and ready- 
made clothes grow on trees, and where gallons of 
toddy gush out by simply tapping the flower spathes ? 
— " Ooloniensis " in Aberdeen Free Press. 
SALE OP EKELLE CINNAMON ESTATE. 
This property, whioh belonged to the estate of the 
late Mrs. H. A. Drieberg, was purchased on 10th in- 
stant by the special mortgagee, Mr. S. Grenier, for 
El.100. The mortgage debt being about R40.000. The 
estate as purohased by Mr. Grenier, is, in extent, about 
123 acres, about 20 of which is all coconut. There is 
also a good sprinkling of coconuts amongst the cinna- 
mon. Land intheNegombo district is just now very 
valuable, and although the price of cinnamon at pre- 
sent is very low, the price of cinnamon land ranges 
from B200 to R300 an acre. The soil at Ekelle is 
excellent for coconuts. Mr. J. F. Drieberg will remain 
on the estate as superintendent. — Com. 
CEYLON TEA PLANTATIONS COMPANY, 
LIMITED. 
Directors :— David Reid, Esq., Thomanean, Kinros3- 
ehire, Chairman, Henry Tod, Esq., 21, Mincing Lane, 
David Eeid, Esq., 7, Mincing Lane. Managing Direct- 
or :— H. K. Rutherford, Esq. Secretary 3— Sir W. 
Johnston, Bart. Manager in Ceylon :— G. A. Talbot, 
Esq. 
Report of the Directors to be submitted at the Third 
Annual General Meeting of Shareholders to be held 
at the Offices of the Company on Tuesday, 29th April, 
at 2.30 p. m. 
The Directors have the pleasure to submit the Gen- 
eral Balance Sheet and Profit and Loss Account for 
the year ending 31st December, 1889 duly audited. 
The netamount'at credit of Profit and 
Lose Acount, including Balance 
brought forward at 31st Decem- 
ber, 1888, and after providing for 
General Expenses, Director's 
Fess, Income Tax, &c. £23,651 18 10 
An interim dividend of 6 per cent. 
was paid on 18th September, 1889, 
A second interim dividend of 4 per 
cent, was paid on 25th January, 
1890 
It is proposed to pay a fiual dividend 
of 5 per cent, (making 15 per cent, 
in all, free of Income Tax) which will 
absorb 
To write off balance of Preliminary Ex- 
penses 
To write off for" depreciation on Office 
Furniture 
To write off for depreciation on Buildings 
and Machinery 
To place to a Reserve Fund 
And to carry forward to next year a 
balance of 
£7,322 8 0 
4,881 12 0 
6,102 
0 
0 
265 
0 
0 
67 
2 
3 
1,800 
0 
0 
3,000 
0 
0 
213 
16 
7 
£23,651 18 10 
The Directors are glad to be able aga ; n to declare a 
total dividend of 15 per cent on the year's working, 
kfter writing off the sum of £1,800 for depreciation on 
BuildingB and Machinery, and laying aside £3,000 as 
the nucleus of a Reserve Fund. 
The gross average realized for the Company's Tea 
Crop of 1889, sold in London, was lid as against 10|d 
per lb. for the previous year. 
The Tea Crop from the Company's Estates was 
937.4071b. The Tea made from green leaf purchased by 
tbe Company was 799,779, lb., and the Tea manufac- 
tured for other Proprietors was 277,149 lb., making a 
total of 2,014,335 lb 
The following is a Statement of Aoreages of the Com. 
paoy'u Estates ae at 31st December, 1889 
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The results obtained from the working of the estates 
purchased last year, have, so far, the Directors are glad 
to say, fully borne out the anticipations formed of their 
value 
On .25th March last, the Shareholders sanctioned the 
purchase of the estates of East Holy rood, Waverley, 
Tanga-kelly, Oymru, Oameron's-Land, Lochiel and 
Rosita, and the Directors have pleasure in stating that 
the Company has been placed in possession of these 
properties, and it is confidently believed they will prove 
very valuable acquisitions. In order to {provide for the 
purchase and development of these and other possible 
additions, the Directors contemplate, with the approval 
of the Shareholders, increasing the capital of the Com- 
pany to £300,000, one-third of which will be in the 
form of Preference Shares. 
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