Sept. i, 1893.] THE TRQPICAL AGRICULTURIST. 
183 
Export so far from India and Ceylon are as 
foliowa : — 
To Australia and New Zealand : 
1893. 1892. 
lb. lb. 
India (to 1st Aug.) . . 754,*55— 301,049 
Cejlon (to 7th Aug.) ..3,596,788—3,064,549 
Total lb. 4,851,193—3,865,698 | 
The increase is greater in proportion in the case > 
of Indian tea and the ezpeotation is, as we bare 1 
eaid, that Ceylon and India should supply 10 to 
11 million lb. this season against 18 to 19 . 
million lb. from Okina, But if only the country 
drinkers of tea in the Southern Oolonies got the I 
taste for pure nnbleaded Ceylon tea, we beliere 
that these figures ought to be reTersed before another 
twelve months rolled over our heads. 
OUYAH COFFEE COMFANT, LIMITED, 
Bepott to be preEented toi the Thirtieth Ordinary 
General Meeting of the Company, to be held at No. 
5, Dowgate Hill, LondoD, on Friday, the 28th day 
of July 1893, at 12-30 o'clock p.m. 
The following Annual Accounts are now presented 
to Shareholders, viz.: — Profit and Loss Account for 
Crop 1891-2, Balance Sheet made up to 31st May 1893. 
CROP 1891-2. 
In the Directors' last report the coffee crop of 
the above season was estimated at about 1,250 owt., 
and it will be seen that the actual weight eold in 
London amounted to 1,109 owt. The proceeds 
amounted to £5,579 149. lOd., giving an average 
of 100s. 7d, per owt., against an average of 
978. lOd., obtained for the previous crop. The 
Crop of Tea was estimated at 340,000 lb. and the 
actual wpieht eold from tbe Company's own eettites 
was 834,568 lb. Besides this 255,900 lb. of Tea macu- 
faotnred from leaf brought from neighbouring estates 
were sold. The value of ail Tea Eold was £26,103 
4s. Id., or an average of lO^d. per lb. as compared 
witb 103 1. for the previous season. The weight of 
Cinchona Bark sold was 46,302 lb., and the value £589 
8s. 9d,, or 22d. per lb., against tbe former year's 
average of 3d. per lb. Cocoa, weighiog 73 owt. 0 qrs. 
15 lb. realized £3339. 16s. 6d., the avsrage selling 
price being 91s. 4d. per cnt. against 96s. 3d. for the 
former year's crop. It will thus be seen that the total 
value ot all produce sold amounted to £32,556 48. 2d. 
The total Expenditure for the year in Oeylon and 
London, amounted to £29,909 7b. Id , and deducting 
this from the value of the Produce, a Profit is shewn 
on the season's working of £2,646 7s. Id. To this 
has to be added the balance of £88 6?. 6d., brought 
forward from last year, giving a total of £2,735 28. 
7d. at the credit to Profit and Loss Account. 
An interim dividend of li per cent, on the capital 
of tbe Company nas paid on the 14th January last, 
which absorbed £1,500 of the above-named sum, and 
tbe Directors cow recommend that £1,000 be applied 
to the payment of a further dividend of 1 per cent., 
making 2| per cent for the year, and that tbe balance 
of £235 2s 7d be written off the £600 at present stand- 
ing at tbe debit of Machinery Account. 
It will bo remembered that the CoSee Crop of 1890-1 
amoonled to 2,791 ewts., and reallEed £13,875, while 
the crop of the season now under review, amounted to 
only 1,109 owts, which sold for £5,679 shewing a re- 
duction in value against the present season of £8,296. 
When this falling ofi' in the Coffee Crop is taken into 
acconut, it will be seen that the working of the Estates 
even to a small profit was a task necessitating the 
closest management, especially as the area from 
which th« Coffee was secured was the same in both 
years, viz. : 914 acres, and involved practically the 
same labour for cultivation. For season 1891-92, the 
Coflee produced was little more than li owtn. to the 
acre. 
The yield of Tea from the Company's Estates showed 
a fair moreate on that ot the previous year, being 
884,568 lb,, tgMBtt 266,346 lb. Ibin increase waa due 
to a favourable seafon, and to the improvement of the 
buahes by age, as the area pinckad from was about 
the same. 
The principal difficulties which had to be contended 
with during the eeason, were the upkeep and cultiva- 
tion of a large area under Coffee from which only a 
imall crop wai secured, the upkeep of over 400 acres 
ofTfft not y t proJncing any leaf, and the planting up 
of 109 acres of Tea which last expenditure was also 
debited to rtveune. 
CHOP 1892-93. 
Shortly after the beginning of this sesson it was 
feared that the Coffee Crop would be a comphte 
failure, as it was reported that the trees were look- 
ing very weak from disea'e, and it was donbtlul 
whether they would be able to mature the bioeeom 
that had set. The result, however, has proved more 
satisfactory than was then thooght possible, and it is 
now expected that the Crop will total about 1,300 cwts. 
From the reports which they receive from the Estates 
about this product, the Board feel that they are no 
longer justified in looking with any confidence for 
remunerative crops of CoSee,aB owing to the etfeots 
of disease, the bushes have reached that stage when 
large areas might entirely fail to produce crop 
especially if the weather prove d unfavourable. They 
have therefore decldid to plant up in Tea about 200 
acres of the coffee area this year, and unless any 
unexpected chnuge takes place in the condition of the 
coffee bushi s it is their intention to continue this 
process year by year. The Tea continues to grow 
well and the yield from the Company's Estates for 
season 1892-93 which was estimated at 865,000 lb 
will be exceeded. The present market price, liowever 
is very low and leaves only a small margin of pro6t, 
but it is hoped that the returns from both Tea and 
CoSee will be such as will enable the further planting 
np of Tea to be carried out without unduly curtailing 
dividends. 
During the la.st eight years considerable sums have 
been provided out of revenue to meet the cost of 
planting SBd tbe various works in connection with the 
manufacture of Ten, it may not now be found neces- 
sary to charge up further expenditure on Tea planting 
to Profit and Loss directly it is incurred, but as tbe 
Capital Account was not redooed when Coffee gave out, 
all such expenditure will have to come out of revenue 
at no distant da*e. 
Tbe area now under Tea is as follows : — 
TEA. acres. 
Over 5 years old ... ... 912 
Planted November/December 1888 87 
Do. ,.. 1889 18 
Do. ... 1890 283 
Do. ... 1891 109 
Do. ... 1892 45 
Total area under Tea ... 1,464 
Total area under Coffee.. 
SPRIJsG VALLEY COFFEE COMPANY, LTD. 
Report to be presented to the Twenty-Eighth Or- 
dinary General Meeting of the Company to be held 
at No. 5, Dowgate Hill, London, on Friday, the 28lh 
day of July, 1893, at I SO o'clock p.m, 
CROP 1891-92. 
In last year's Report, Shareholders were informed 
that the Coffee Crop of the above season was estimated 
at 1,300 owts , and it will be seen that the actual 
weight sold amounted to 980 cwt. exclusive of Clean 
and Refuse Coffee. This crop realised £5,631 12s 8d, 
tbe average selling price in Loudon being 102s 7d as 
compared with 988 5d per cwt obtained for crop 1890-91. 
The yield of tea from the Companj's Estate amounted 
to 192,372 lb the estimate in Inst report being 215,000 lb 
and this, together with 77,920 lb brought from neigh- 
bouring estates and manufactured at Spring Valley, 
sold for £12,550 8s 6d or an average of lid per lb 
the average selling price last year being lOJd per lb. 
Cinchona Bark to the extent of 30,342 lb was aleo 
sold for £295 17s lOd the average selling price being 
2id pet lb or the same m last year's average. The 
