628 
THE TROPICAL AGRICULTURIST. [March i, 1889. 
1889 
Jauy. 1— To Balance 44 11 2 
1888 Cr. £ s d 
Dec. 31— By Balance 44 11 2 
Jan. 11, 1889— By Draft remitted ... 25 0 0 
(Signed) Wm. Martin Leake. 
E. & O. E. London, 17th January 1889. 
Memo, showing payments made in Ceylon on account 
of Mr. Wm. Martin Leake, London. 1888, Dec. 20. — 
To paid cost of demand draft on London -for £25 ster- 
ling at exchange of 1/4 11-32 being remittance in con- 
nection with Merchandize Marks Act prosecutions— 
R367 1L 
CEYLON TEA SYNDICATE. 
"When the accounts of the " Colonial and Indian 
Exhibition" (videj). LXXX. selected correspondence, 
book of proceedings for the year ending 17th Feb. 
1888) were made up, a sum of El,923 - 43 was paid over 
to the " Ceylon Tea Syndicate," whose operations, 
though small, did good work at the time in extending 
the knowledge of Ceylon tea. By resolution of your 
Committee it was decided to close the " Tea Syndi- 
cate" and to devote the working capital sum above re- 
ferred to as liquidated towards the expenses of adver- 
tising Ceylon tea at the Glasgow International Exhibi- 
tion. In the mean+ime the large " Tea Fund" was 
launched, and your Standing Committee is glad to report 
that it has received up to 31st December 1888 the 
whole sum of Rl,923'43 from the " Syndicate." There 
are still a few packets of " Syndicate" tea to be dis- 
posed of, and against them some charges to be re- 
covered, but it is possible that a small further contri- 
bution may yet be made to the " Tea Fund." In any 
case it is satisfactory to report that no money loss 
whatever has attended the " Ceylon Tea Syndicate," 
and that it has merely been absorbed in the large and 
more comprehensive " Ceylon Tea Fund" scheme. It 
should b6 noted that the " Syndicate" tea wrappers 
supplied in England were taken over by the " Tea 
Fund" at cost price, viz. R277"66, and will, it is ex- 
pected, be utilized to advantage hereafter. 
Memo, showing payments made in Ceylon on ac- 
count of " Tea Wrappers"— R27766. 
SUMMARY. 
The principal items of expenditure having been given 
in the memos, annexed, it remains only to mention that 
the subscriptions, Government grants, and "Ceylon 
Tea Syndicate" working capital received up to 31st 
December 1888 on account of the " Tea Fund," have 
aggregated with interest R25,074 , 96. Since that date 
the sum of R4.653 has been collected on account of 
leaf plucked during the six months ended 31st Dec. 
1888, but it must be kept in view that a considerable 
number of large subscriptions having been paid in ad- 
vanoe last year, the amount still to come in for the 
preceding six months will not be so large, as it would 
otherwise appear that it should be. Some estates have, 
your Standing Committee much regret to say, withdrawn 
their subscriptions when they are particularly wanted, 
and when many important engagements have to be ful- 
filled. Your Committee ventures to urge on all such a 
consideration of tbe motto of your Association, Unitas 
salus nostra, and trusts that increased support will be 
accorded in every possible way to " The Ceylon Tea 
Fund" by all in any way interested in or connected with 
the industry. 
•+ ; 
THE TALGASWELA TEA COMPANY, LIMITED. 
At the annual general meeting of this Company 
this afternoon, the following report of the directors 
was submitted : — 
Report foh the Year 1888. 
The directors have pleasure in placing before the 
shareholders 1 1, ir annual report accompanied by duly 
audited account of expenditure, and a financial state- 
ment of the above Company's position as on 1st Janu- 
ary 18H9. 
(Jut of a total of 2,017a. 2r. 6p. fivo hundred and ten 
aci c« (010) have been opened and successfully planted 
with tea during the past year, and from the Visiting 
Agents Reports we are pleased to state that the 
growth of the tea is most satisfactory. 
The early planted bushes, it is proposed to top in 
July so that some tea manufacture may be looked for 
in October, November, and December of this year. 
The raingauge returns for 1888 show 178 20 in. as 
having fallen on 164 days ; this promises well for the 
production of leaf. 
A further addition (200 two hundred acres of very 
fine land) is now being opened for tea, which will 
bring the total under cultivation of this product up 
to seven hundred and ten (710) acres. 
After completing the supplies of the large clearings 
in October it was found that a very large number of 
plants were left in the nurseries, which had been 
unusually successful, and it was also found that work 
of all kinds had been and could be done in the locality 
for far less than was at first supposed. Under these 
circumstanees your Directors felt that they could 
safely add a further 200 acres this year to the area 
under tea, without any increase in the capital to be 
subscribed by the shareholders, and they trust that 
this increase of the cultivated acreage will give satis- 
faction to all interested, and materially strengthen the 
position of the Company. 
An estimate for the current year has been framed 
for opening the 200 acres already alluded to, as also 
for erecting a permanent superintendent's bungalow, 
and carrying on the necessary works on 510 acre, 
opened in 1888. 
Af er making a liberal allowance for these items, 
there will be a large available balance for the puttii g 
up of factory and other buildings, after the last call of 
R30 per share is made iu 1890. 
Yours Directors congratulate the shareholders on 
having in prospect 710 instead of 500 acres under tea, 
which it was originally proposed to open, as they con- 
sider the large area more calculated to give paying 
returns. 
It is to be regretted that the railway authorities are 
not in a position to purchase timber from Talgaswela, 
which could be supplied iu large quantities. It is 
however hoped that later on communication with Ben- 
totte will be established, when a sale may be expected 
for casks, staves, &c. 
Your Directors are now considering the question of 
a faotory which will be needed towards the end of 
this year. A plan has been decided on and timber is 
now being cut for it. Before deciding on the future 
site, your Directors arranged for a visit from Messrs. 
Walker's engineer, the result of that visit showed that 
though the water supply at the old mill house 
site would probably not suffice for all requirements 
when the 700 acres, or a larger area are in full bear- 
ing ; still it appeared that for some time it might be 
expected to yield all the power required, and this how- 
ever can be supplanted at a future period when 
necessary by steam in the dry months. 
Messrs. Ross and Rollo, retire from the Directorate 
and offer themselves for re-election. 
♦ 
CINCHONA OR QUININE BARK: 
REVIEW OP THE YEAR 1888. 
London, 22nd Jan. 1889. 
Our supplies of Bark in the year just terminated did 
not greatly vary from those of the year that preceded 
it. Importations of cultivated Calisaya were again a 
little larger : as were also our total receipts from tbe 
East, mainly Ceylon and Java. The importations of 
Central American Quinine Bark (other than Calisaya) 
have practically ceased for some time. It was long 
since demonstrated that it could not be cut, gathered, 
packed, sent to the coast and shipped to the consuming 
countries at any such price as l|d or 2d the unit. Our 
total stock (in pounds) on the 31st December shows a 
slight accession on the year. But in reference to the 
great question of supply, it is most import to bear in 
mind a very novel and material fact. The enormous 
quantity of German Sulphate of Quiniue which has 
accumulated in second hands, to an extent beyond all 
precedent, is probably equal to from one third to one 
half of our total annual supplies of the Bark from 
