754 
THE TROPICAL AGRICULTURIST 
[May i 1888. 
TlU IN INDIA. 
(From the Pioneer.) 
Calcutta, March 27th. 
New Mutual Tea Company.— Tiie Report of the 
Managing Agents disclose < a profit of R22,425 for 
season 1887, equal to 19 2-5th per Ctnt on the cjpital, 
an 1 with ihe sum brought forward froml&80, the amount 
at credit of profit and loss is R22,858, from which 
it is proposed to pay a sterling dividend of 7 > 61 per 
share of R30. The outturn for the year was 4,021 mauuds, 
against 3,899 maurids in 1885, and 3,320 maunds 
in 1835. The Revenue Account shows receipts 
R137.482 and expenditure R1G5.057. The estimates for 
1888 are for a crop of 4,782 maunds at an outlay of 
R172J28. The area of the gardens under plant is 1,400 
acres. 
Tukvar Company. — The report of the directors dis- 
closes a profit on the season's working of R73,935 
and an available balance at profit and loss of 
R73,097- An ad interim dividend of 5 per cent has ex- 
hausted R38.715, and it is now proposed to declare a final 
dividend of 4| per cent aud to carry forward R3,339' 
The outturn was 270,7 13ib., or some 116 maunds short 
of the estimate, owing to mosquito blight, but it realised 
the satisfactory gross average of As. 12-3^ per lb. as 
against As. 10-0J last year. The estimates tor 1888 are 
for au outturn of 280,0001b. lea at an expenditure of 
R118,0001b. A small extension of 20 acres will be put 
in hand during this year, the present area under plaut 
being 1,013 acres. 
Djsssai and Pahbuttia Company.— The report of 
the directors shows that the )ield of tea during 1887 
was 152,0001b. against au estimate of 152,800 1b. and 
0 crop in 1886 of 1 3d, '26 lb. The tea was sold in 
Calcutta and averaged As. 10-5 3-5ths per lb. against 
As. 9-3 16-25ths in 1886. The Revenue Account shows 
a profit of Rl 7,721, and adding the balance from 1886, 
the amount at credit of profit and loss isR18,346. 
An ad interim dividend of 5 per oent has already beeu 
paid, exhausting R9.000, and it is now proposed to 
pay a final dividend of 3 per cent, and to carry 
R<,946 forward. The estimates for 1888 are for 161,0001b, 
at a cost in Assam at As, (i-1 per lb., which contrasts 
favourably with previous years. The area under culti- 
vation is 572 acres. 
Ellenb.ikrie Tea Company. — The report of the 
Managing Agents discloses a net profit of R21,012, 
and adding the balance from 1886, the amount at 
credit of profit and loss totals up R24,825. An 
ad interim dividend of 5 per cent has already been 
declared, and it is now proposed to pay a final 
dividend of 10 per cent ; making 15 per cent for the 
year, and to carry 112,325 forward. The outturn was 
1,892 maunds agiinst an estimate of 1,800 maunds 
and nearly all the tea was sold in London, the net 
average price being As.9J against As. 7 last year, 
The estimate for the current year is for 2,100 maunds 
at an expenditure of R04,921, and the total area 
uuder plant is now 408 acres, while 38 acres will 
be cleared this year. 
Amluckie Tea Company. — The report of the Mana 
ging Agents shows that the outturn was only2,65J- 
ruaunds against an estimate of 3,000 maunds con- 
sequent on deficient rainfall ; but the quality made 
up for the quantity, the average gross being 11 
annas per pound. The accounts show a profit 
of R44,651, and with the balance from last 
year, the sum of R68,2G3 at credit of profit and 
lots. Au ad interim dividend of 5 per cent has 
exhausted H22,285, and the Managing Agents 
recommend a final dividend of 3 per cent, making 8 
per cent for the season ; that R6,000 be taken to 
Reserve Account and R26.607 be carried forward. The 
estimate for the current season is for a crop of 3,000 
mauuds at au expenditure of R99,l29, which includes 
some machinery and au engine. 
Mim Tra Company.— The report of the agents for 
the year 1887 discloses a profit of R19.4GG, and a 
credit balance at profit and loss of R20.536. An ad 
interim dividend of 5 per cent was paid in November, 
and it is now proposed to pay a final dividend of 7 
per cent, making 12 per cent for the j ear, aud carry 
El,456 forward. The outturn for 1887 was 123,043 lb. 
against an estimate of 114,400 lb. aDd an outturn in 
1886 of 112,061 lb. Tne gross average price realised 
was lOf.l. per lb. or barely 9 annas, against lift per 
lb. last year. The tstimates for the current seasou 
are for a crop of 124,000 lb. te t at a cost of R52.100 ; 
the expenditure last season was R4G.205. The area 
of the gar. 'ens is 385 acres. 
Eastern Cachar Tea Company.— The retort of the 
directors shows that the outturn was 4.94G maund 
against an estimate of 5,140 maunds and a crop in 
1886 of 4,835 maunds. Some of the gardens were 
badly cut up with hail in the early part of the season 
wh ; ch accounts for the deficiency. The average price 
realised was As. 7-9 against As. 7-5 last year. The 
area of the gardens is 1,436 acres. The receipts 
amounted toRl,93,314and the expenditure toRl, 04,417, 
leaving a profit of R28,897. A sum of 1120,000 was 
transferred from last year's profit and loss account to 
block, and after payment of the debmture interest, 
the amount at credit of profit and loss is B37.290 
It is proposed to write off R29.G07 from block, 
machinery, &c, and to carry R7.G83 forward. The 
estimates for 18S8 are for a crop of 5,500 maunds at 
an expenditure of Rl,72,394. The capital of the Com- 
pany is seven lakhs. 
Chenoa Tea Company. — The report of the managing 
Agants aiscloses a loss on the season's working of 
RG,072 and a debit balance at profit and loss of R5,570. 
The outtu r n was the smallest on record, 733£ maunds 
against an estimate of 950 maunds and a crop in 1886 
of 851 maunds. The quality also was most indifferent, 
the average price realised b^iug A . 7-3-81 per lb. 
Blight and drought have much to answer for. The 
estimates for 1888 are for a crop of 900 maunds at a 
local cost of R24,500. The managing agents fear 
that if their manager cannot show better results, 
they will be reluctantly compelled to advise his dis- 
missal. Debentures for R25.000 have been issued. 
Dkhing Company.— The report of the directors dis- 
closes a profit of 1133,538. and incluliug the 
amount brought forward from last year a credit bal- 
auce at profit and loss of R36.738. A dividend of 
4 per ceDt will exhau-t R35,744, leaving R994 to be 
carried forward. Th° dividend last year was 3 per 
cent. The outturn for the season was 5,009 maunds 
against an estimate of 5,175 maunds and a crop in 
1880 of 5,1196 maunds. The average price realised 
was As. 9-4J gross against As. 711 per lb. last year. 
About 44 acres of new land have been opened, and 
in addition abrmt 33 acres of old nurseries have been 
staked out, making the area under plant 1,184 acres. 
The estimate for 1888 is for a crop of 5,250 maunds 
of tea. 
Benoal Tk,a Company.— The report of the managing 
apents discloses a profit on the season's working of 
R13.716, and adding the balance from 1886 a credit 
at profit and loss of R19.212. A dividend of 2 per 
cent will exhaust R18,970, leaving R241 to be carried 
forward. The outturn for the season was 4,318 
maunds against an estimate of 4,400 maunds 
and a crop in 1886 of 3,605 maunds ; and the aver, 
age price obtained was As. 8-7 per lb. for fine and 
As. 4-8 for coarse tea, against As. 8-6 and As. 5-5 re- 
spectively in 1886. The estimates for 1888 are for a 
crop of 5,000 maunds at an outlay of R161.352. The 
area of the gardens uuder plant is 1,431 acres. The 
new fiat gardens will be extended to 750 acres by the 
next cold weather, and thereafter 50 acres will be added 
annually. 
Mothola Tea Company. — The report of the direct- 
ors discloses au estimated profit of R9,606 on the sea- 
son's working and a credit balance at profit and loss of 
Rll,795. An ad interim dividend of 7j per cent in 
December last exhausted R10.350, leaving R1.445tobe 
distributed in a final dividend of 1 per cent, and a bal- 
ance of R65 to be cai-ried forward. The crop weighed 
out 1,48S£ mauuds against an estimate of 1,500 maunds, 
aud a crop in 1886 of 1,470 maunds. The gardens 
suffered a good deal from blight during the year. The 
whole of the crop was sold in Calcutta and realised a 
net average price of 11 annas per lb., against As. 10-0J 
in 1886. The estimates for 1888 are for 1,550 maunds. 
The area under plaut is 309 acres. 
