796 
THE TROPICAL AGRICULTURIST. LJ™e i, 1888. 
265 6 8 
1,729 
1 7 £ a d 
•13,257 18 3 
To write off on account of 
" Preliminary Expenses " 
And to carry forward to next 
year a balance of . , 
The Directors trust that the results of the first year's 
working of the estates and appropriation of profits 
will be satisfactory to the Shareholders. The gross 
average price realised for the tea crop of 1887, sold 
in London, was Is Id, while the average from the 
estateB for 1886, was slightly under Is ljd. The an- 
nexed tabulated statement, prepared by the Ceylon 
Manager, gives full and detailed information as to 
the position of the Company's estates, their yield per 
aore, and the cost of tea, f. o. b. Colombo. The 
Directors are fully satisfied with the result, and 
think the Shareholders are to be congratulated on 
the possession of such a valuable property, which, in 
spite of an adverse season, has returned them large 
profits. The ability and energy displayed by Mr. 
Rutherford in the administration of the Company's 
affairs in Ceylon, is highly appreciated by the Board, 
and they further acknowledge most henrtily, the zeal 
and intelligence of the Superintendents and staff on 
the estates. Under clause No. 69 of the Articles of 
Association, Mr. Henry Tod retires from the Direc- 
tion, but, being eligible, offers himself for re-election. 
It will be necessary to appoint an Auditor for 1888, 
and Mr. R. H. Miller again offers himself for the 
office. David Reid, Chairman. 
London 5th April, 1888. 
Balance Sheet, 31st Dec. 1887. 
Dr. 
To Capital— 7,509 Shares of £10 each, 
fully paid 
To Bills Payable 
To Sundry Creditors : London £604 6 
Ceylon £1,494 5 
To Profit and Loss Account, net profit, 
as under- 
£ s d 
75,090 0 
6,000 0 
2,098 12 2 
13,257 18 3 
Cr. 
By Cost of Estates, Including land 
purchased, and expenditure for build- 
ings, machinery and new clearings 
in 1387 
By Value of Produce unsold at 31st 
December 1887 
By Office furniture, London 
By Preliminary Expenses 
By Value of Tea Chests in Ceylon on 
hand at 31st December 1887 
By Advances to Coolies 
By Sundry Debtors— London £7,055 18 7 
Ceylon £7,193 10 5 
By Due by Ceylon Manager 
By Cash at Bankers, London 
By Cash at Bankers and with Estates 
Superintendents in Ceylon 
By Interim Dividend paid 18th July 1887 
96,446 10 5 
£ s d 
66,863 3 5 
5,945 6 10 
90 12 0 
795 6 8 
1,118 1 8 
893 i 8 
14,249 9 0 
85 1 8 
676 1 1 
1,224 12 . 5 
4,505 8 0 
96,446 10 
Profit and Loss Account, 31st Dec. 1887 
Dr. 
To London Charges including Kent 
Salaries, Directors' Pees, Income 
Tax, &c. 
To Difference on Exchange on final 
adjustment of Accounts with Ven- 
dors and others 
To Estimated Lobs on Consignment to 
Jamaica 
To Sundry Charges in Ceylon 
To Balance being net profit 
1,210 13 2 
137 19 9 
43 9 
181 12 
13,257 18 
14.831 13 8 
£ s d 
13,366 8 10 
842 13 10 
622 10 7 
Or. 
By net Profit on Sale of Produce of 
Estates 
By Commissions, Interest, Tranfer 
feeB, &c. earned in London ... 
By Commissions and Interest earned in 
Ceylon 
14,831 13 3 
1 have examined the above Balance Sheet and com- 
pared same with the Company's Books and Vouch- 
ers in Loudon, and the Ceylon Manager's Accounts, 
and certify the same to be correct in accordance there- 
with. R. H. Miller,— Auditor. 
Ctb April 1688. 
Statement of Acreages, Yield, Grades ofTej., Dis- 
posal of Crop, and Cost ofProduction, For 1887. 
& ~- Z- "Z 
: p : : 
ft Ci 
w p 
*- o o >- 
C.WCDO 
• N-t CD 
: tooic- 
oo I 
Tea in bearing, December, 
1887. 
Tea Planted in 1886. 
Tea Planted in 1887. 
Land beiDg cleared for 
planting 1888. 
Cardamoms. 
Jungle and Waste. 
c e 
cr. O' o» oo 
-X) to -a 
tyi •** CJ' cy, 
, . -i CO 
H W W !" 
-tofleo 
co '■£> ^ 
© © o 
tsS <T. © 
CO CO — 
co co co as 
^ 3 o o 
--,"!-< o; "Ko 
OC C^ OO CO 
Total acres. 
Yield per bearing acre. 
« 
. r hi 3 
3- * 
i-3 
a 
to #k CO co 
V* *1 00 CO 
co £ : 
O 00 
00©. 
ooci: 2 
Tea made from Estate Leaf, 
OO O -J OS 
v\ cyi cy, c/i 
: &cd^ Tea made from Bought Leaf. 
HHHM 
Total Tea made of Estate and 
oombsV Sought Leaf 
cy> OS £>' *^ 
Ui to — J 1P> 
Tea made for others. 
Total Tea made on Estates " 
O' C71 O 
vr to <y< 
»-> to 
tc o o to 
Shipped to London. 
O 00 
{Continued up.) 
