September r, 1888.] THE TROPICAL AGRICULTURIST. 
0£. £ b 
By Proceeds of Coffee: 
Spring Valley — 
3,«J2 cwt. o qr. 3 lbs., average 
88s. 5d. per cwt 
To Ooffee sold in Ceylon 
To Proceeds of Tea, 3,347 lb. average 
Hid. per lb 
16,890 18 
546 3 
167 15 
£17,51)4 17 
By Balance from last year 900 10 5 
Loss Dividend paid 8th 
August, 1887 ... 800 0 0 
100 10 6 
By Balance brought down — Profit on 
Crop, 1886-87 6,194 18 11 
10,595 9 4 
OUVAH COFFEE COMPANY, LIMITED. 
Capital £100,000, in 10,000 Shahes or £10 each. 
Directors. — John Brown, Esq. (Managing Director), 
H. H. Potts, Esq., L. Faminj Esq., and Edward Con- 
dor, Esq. 
Report to be presented to the Twenty-Fifth Ordinary 
General Meeting of the Cuinpuny, to be held at No. 5 
Dowgato Hill, Loudon, o:i Thursday, the 2nd day of 
August, 1888, at 1 o'clock p.m. 
The following Accounts are now presented to Share- 
holders : — 
Profit aud Loss AccoQut for Crop 1886-87. 
Balance Sheet made up to 3lst May, 1888. 
The estimate in last year's Keport for the Coffee Crop 
of last Season 18SU-S7 was 4,000 cwts., aud it will be 
seen tbat the actual weight sold iu Loudon amounted to 
3,903 owls. 2 qrs. 22 lb., aud this, together with small 
sales effected in Ceylon, realised the sum of £18,429 
3s lOd. 
The quantity of Tea sold in Loudon was 18,528 lb., 
and, inclusive of a small quantity sold in Ceylon, rea- 
lised £972 10s 5d. 
Ciuchona bark was sold in London to the extent of 
25,635 lb., realising £480 2s Od. Cocoa and carda- 
moms of the value of £34 6s Id wore also sold. 
The average gross prices obtained for produce 
were as follows: — Coffee, 89s lOd per cwt. ; tea, Is 
OJd per lb. ; ciuchoua bark, 4£d per lb. ; and the 
total sums realised from the sales of produoe amounted 
to ±'19,010 2s lOd. 
The total expenditure for the year in Ceylon and 
London, after allowing for profit on Exchange, amounted 
to £16,009 lis Od., which deducted from the valuo of 
produco sold, leaves a profit of £3,846 lis lOd for 
the year. To this has to be added the balance of 
C'J It) 7s 2d brought forward from last year, giving 
the total sum of £4,086 19s Od to the credit of profit 
;iud 1088. 
Ou the 7th January last a dividend of 2£ per cent 
wus paid ou the capital of the Compauy, which 
absorbed £2,500 of the last named sum, and the 
Directors now recommend the payment of a further 
dividend of 1J per cent, making 4 per cent for the 
\ ear. To meet the present dividend the sum of 
£1,600 will be required, leaving a balauce of £86 
10« Od to bo carried forward to next account. 
So tar as tho actual prolit is concerned the result of 
Season 1886-87 has not come up to the full expectations 
of the Directors, but they have no reason to 1)0 disap- 
pointed wilh tho result shown whou the work accom- 
plished during the season is taken into consideration. 
Tea plucking to only a very limited extent was carried 
out during the season under review, asit will be seen that 
the only areas from ivhioh leaf ootiM be gathered were 
the 1) acres planted in 1883 and the ;; 17 acres plautod in 
188 J, tho latter largo areaouly arriving at plucking ago 
one or two mouths before tho season olosed. The total 
valuo of leaf secured from theso areas, as already 
stated, amountod to £972 Ids 5d, while on the other 
hand uo lens a sum than £4,200 1 U 3d whs paid on ac- 
count ot Tea during the season lor inaei .-wry, faoto- 
rois, weeding, nurseries, [darMug, supplying, clearing, 
&c. It will thus be seen that but for the large expendi- 
ture necessary for bringing Tea into cultivation and 
for providing the necessary appliancos for manufactur- 
ing it, the profit ou the year's crop would have been 
very handsome. 
Looking to the very uncertain future that exists for 
Ooffee by reason of the pests which are attacking it, it 
is, however, most satisfactory to know that a very large 
area of Tea has been planted and brought forward to an 
age when very considerable and remunerative returns 
may be expected; aud it will be seen from the following 
table that uearly the whole area of the Tea planted will 
at an early date bo self-supporting, considerable expen- 
diture will, however, still have to be incurred in provid- 
ing more machinery and factory space as the yield of 
leaf increases. 
Tho area of tea on the Company's Properties is 
now as follows: — 
Tea. 
1883 
9 
Planted Nov. -Dec. 
Glen Alpin Group. . 
Narangalla Estate . . 
Hindagalla Estate. . 
Total acreage aud 
present age 
Planted Nov. -Dec. . 
Gleu Alpiu Group. . 
Narangalla Estate. . 
Hindagalla Estate 
Total acreage and 
present age 
1884 
145 
82 
120 
1885 acr 
272 „ 
93 „ 
85 „ 
9 4i yrs. 347 3 J yrs. 450 2J yrs. 
1886 
26 
1887 
16 
Total 
468 acroa 
175 „ 
205 „ 
26 1 J yrs. 16 6 mo. 848 acres 
The tea is all growing well and the yield of leaf 
increasing, but it is an established fact that tea planted 
on old coffee land, as is the case with nearly the 
whole of the Company's clearings, will have to be 
liberally manured to produce full and substantial 
Crops, and the Board are glad to be able to report 
that facilities and; appliances for manuring operations 
exist in a marked degree on the Company's proper- 
ties, and they are thus enabled to manure a oonsider- 
able area of tea cheaply and liberally. 
As recent experience has proved that Tea very readily 
responds to applications of manure, the Board have 
every reason to expect tbat a high average yield per 
acre will be secured, and the Tea already received from 
the Company's Estates has favourably established the 
question of quality beyond a doubt. 
Crop 1887-88. 
The area now under Ooffee is 1,231 acres, and the 
estimated Ooffee Crop for the above season was 3,300 
cwts., but it is feared that owing to the spread of green 
bug the Crop will fall considerably short of this 
amount. The yield of Tea will probably be about 
60,000 lb., and it is estimated that about 75,000 lb. of 
Cinchona Bark will also be harvested. These figures 
point to only a small profit being realised for the year. 
Mr. Brown returned from Ceylon in May, having 
visited the Company's properties, aud a report by him 
is now handed to Shareholders, dealing fully with tho 
condition aud prospects of their Estates, both as re- 
gards Ooffee and Tea. 
The Company used every influence to induce the Go- 
vernment to extend the Railway into the centre of the 
district of Ouvah, but the Board are sorry to report that 
the Government have refused to do this, aud that they 
have only sanctioned the extension of the line as far 
as Haputale, which will practically in no way bene- 
fit this Company, and should the prosont out-let by 
tho roads be neglected, thus forcing tho Company 
to send their produce to the Railway at Haputale, tho 
cost of transport will be somewhat euhauced rather 
than lessened. 
During tho past year, with a view to soennue more 
regular transport, tlie Company have established a 
service of bullock carts by which moaus their produco 
is carried to tho Railway Station at Naunoya, and 
this service is working with reguhu ity and economy. 
Tho Board take this opportunity of protesting against 
tho extravagant expenditure of about i'500,000 which 
the Government contemplate for the short Railway 
Extension of 25 miles they have authorised, and which 
will only benefit a partienhw district, and will con- 
deruu the districts of I'.adullu ftladiilsiniu and JUwo. 
