October i, 1887.! THE TROPICAL AGRICULTURIST. 
237 
porties, and ho considers that much credit is due to 
the Manager and his Staff for their exortions in put- 
ting so largo an area into Tea in so short a time. 
Mr. H. H. Potts, a Member of the Board, retires 
on this occasion, and, being eligible, offers himself for 
re-election. 
Messrs. D eloitte, Dever, Griffiths & Co., the Adit- 
ors, also offer themselves for re-election. 
By order, J. Alec Rojje.uts, Sec 
26th July 1887. y. 
PROFIT AND LOSS ACCOUNT. 
Dr. Crop 1685-86. 
To Ceylon Expendituue : — 
Spring Valley 
Less profit on exchange 
Oolankande 
Less profit on exchange 
To London Expendituke : — 
Directors' Fees ... ... 350 0 0 
Kent, salaries and petty charges 210 16 2 
Audit fee ... ... 15 10 2 
£ 
b. d. 
£ a. A 
9,861 
7 5 
2,711 
4 10 
7,150 2 7 
697 
3 1 
174 
7 10 
522 15 3 
Freight, landing charges, &c. 
Interest 
Income tax ... 
Balance, loss on cropl88. r >-86 ... 
Balance carried to balance Bheet 
706 11 2 
330 6 10 
164 1 0 
15 7 4 
£8,889 4 
2 
2,407 4 
11 
900 10 
S 
£3,307 15 
4 
Cr. 
By Proceeds of Coffee ;— 
Spbing Valley - 
s. d. 
1,069 cwt. 1 nr. 271b., average 82s 3d 
per cwt. ... ... ... 400 17 10 
„ Refuse coffee sold in Ceylon ... ... 100 11 11 
,, Proceeds of cinchona burk, 80,130 lb., averege 
(id per lb. ... ... ... ... 1,976 3 8 
„ Proceeds of cinchon* bark sold in Ceylon ... i 2 10 
,, Balance carried down ... ... ... 2,407 4 11 
Iiy B&lUCe from last year , 
£8,889 4 2 
... £3,307 10 4 
£3,307 15 4 
OUVA1I COFFEE COMPANY, LIMITED. 
Capital £100,00(1, in 10,000 shares of £10 each. 
Directors: — John Brown, Esq., (Managing Director.) 
H. II. Potte, Esq., L. Famin, Esq., Edward Oonder, Esq. 
Report to bo presented to the twenty-fourth Ordin- 
ary Geucral Meeting of the Company, to be held at 
No. 5, Dowgate Hill, London, on Thursday, the 4th day 
of August, 1887, at 1 o'clock p.m. 
The following accounts are now presented to share- 
holders : — Profit and loss account for crop 1885-80. 
Balance sheet made up to 31st May 1887. 
In last year's report the crop of colfee for season 
1885-80 was estimated at 1,5<>0 cwt. and the actual 
weight secured was 1,424 cwt. 2 qr. 11 lb. The harvest 
of cinohona bark amounted to 122,230 lb. 
It will bo socn that the average gross prices obtained 
for produce were as follows : — Cofloe, 803 3d per 
cwt.; llnrk, 64d per lb.; and 0 cwts. of Cocoa sold 
fur Vila 3d pur cwt.; the total sum realised from 
sales of produce amounting to £0,359 lis Id. 
The total outgoings for the year amounted to 
£11,312 7s lid, the result being a loss of £1,952 13s lOd, 
aud this deducted from the sum of £2,198 la Od, 
brought forward from last year, leaves a balance 
o( £240 7s 2d to the credit of the Profit and Loss 
Account. 
Compared with tho Crop of any former year, tho 
above Crop of 1,121 cwt., which was secured from 
the reduced area of 1,278 acres of Coffee, can uuly 
bo regarded as quito insignificant, and, in tho face 
of it, your Directors were anxious as to tho outlay 
they had felt it their duty to incur for the futuro 
benefit of the Company. 
The actual result, however, is better than could 
have been anticipated, and your Directors cannot 
but congratulate the Shareholders on the position 
in which the Company today stands, the prospects 
of tho Company being greatly improved by the im- 
portant works carried out during Seasons 1884-85 
and 1885-86. 
During Season 1885-80 356 acres of Tea were 
cultivated and weeded, the whole of which was too 
young to produce any Crop, and, in addition to 
this, no less than 447 acres of Tea were planted, 
and the cost of these works, R29,714, or £2,200, 
has been included in tho year's expenditure. Had 
it not been for this large extra expenditure it will 
bo seen that even the small Crop of 1885-86 would 
have shewn a profit. 
Tho area of Tea on tho Company's properties 13 
as follows : — 
TEA. 
Planted Nov.-Dec. 1883 ... 9 acres, now 3A years old 
1884 ...347 „ „ 2J „ 
1885 ...447 „ „ 1| „ 
„ „ 1886 ... 27 „ „ 6 months old 
Total area under Tea 830 acres. 
All the tea is growing well, and the 3| and 2£ years 
old tea is now being plucked, the yield steadily in 
creasing as the tea gains age. To date, 9,778 lb. of tea 
have been sold at an average price of Is per lb. 
Oaop 1886-87. 
The Directors have much pleasure in reporting that 
owing to a favourable season and comparative immunity 
from leaf disease, about 4,000 cwt. of coffee will be so- 
ured for Season 1886-87, aud as the m arket is favour- 
able, a'very good profit will be shewn. 
Chop 1887-88. 
Owing to the continued abatement of leaf disease, 
Crop prospects for 1887-88 are also good, but your 
Directors are caused no little anxiety by the appear- 
ance of Green Bug on the properties. Your Directors 
are however, hopeful that, owining to liberal cultiv- 
ation the coffee on the Company's properties will be 
healthy enough to withstand the attacks of this pest, 
and every means is being taken to check its progress. 
Mr. Brown returned from Ceylon in May, having 
visited the Company's properties. While there a largo 
amount of his time was spent in seeing to the equip- 
ment of the necessary machinery and appliances for 
the manufacture of tea at the least possible outlay, 
aud the Glen Alpin Factory is now in full working order. 
He here desires to express his thanks the Manager and 
his Staff for their exertions during a time when personal 
energy was so essential to the successful planting and 
bringing forward of so large an area of tea. 
Mr. E. Conder, a member of the Board, retires on 
this occasion, and boing eligible offers himself for re- 
election. 
Messrs. Deloitte, Dever, Griffiths & Co., the Auditors, 
nlso offer themselves for re-election. 
By Order, 
J. Alkc Roberts, 
26th July, 1887. Secretary. 
Dr. 
Puofit and Loss Account— Cnop 1885-80. 
To Ceylon Expenditure— 
£ s. d. £ s. . 
Glen Alpin ... ... 4,621 13 7 
Bullagalla ... ... 1,863 2 7 
Nurangalla ... ... 2,237 19 0 
Hiudagalla ... ... 3,130 6 9 
Graham's Laud... ... 1,660 19 3 
KockUill ... ... 1,011 3 0 
I . - Profit on Exchange . 
London Expenditure — 
HircctoM' Fees 
Kent, Salaries and Petty 
Charges ., 
Audit Fee . ., 
Freight, lending charges, StO, 
lulerwt 
18,680 4 2 
3,183 0 4 
10,016 14 10 
350 0 0 
312 10 
21 0 
713 10 5 
460 1 S 
92 1 6 
£11,312 T II 
