June i, 1894. 
tM£ tROPlCAL AGRICULTURIST. 
'8,7 
&c,, in £297 83 (i 1, tharoSy rodu'iing tha co^ft of the 
Estate to £20,000, and thi) whole oE the prcliraiuary 
and other exponsea in connection with the formation 
of tiiQ Company in £298 Is Id Tiio ndv.-inoe.i to 
coolies aad the balaaoe in the hiQ<l3 of the Com- 
pany's Manager in Oajloa are written down to 1* l|d 
per rupee, thus leading lha entire working cipital of 
the Company intaott 
The acreaojo of the Company's propertie? ou 
Dar-omber laat was — 
Tea in bearing 439 
Do. not in beirint; 97 
New clearings and uurauriea... ... 38 
Jangle ... 364| 
938* acre?. 
31s t 
The Direitora have since been able to obtain sara c 
i2'J acres of Forest land at a cost of R2,123, which 
porchase they trust will prove adyantageoas to the 
Oompany. 
The Oeylon Manager reports the estates in good 
order. With a favourable season, the crop for 1S94 
is estimated at 240,000 lb, 
The Directors deeply regret to report that theii' 
late esteemed Maniger, Blr. Gfraham Hogg, has 
been oblig d to relinquish his post through ill- 
health, and return to this country ; they have j 
appointed iMr. Alexander Blansfield Forbes, Manager, | 
in his place. | 
CEYLON TEA PLANTATlONb CO., 
LIMITED, 
The Directors have the pleasure to submit the 
Gtnetal Balance Sheet and Profit and Loss Accoaut 
tor tho }ear ei.ding 30th Dee. 1893, duly sudited. 
The net amount »t credit of Prolit and Loss Account, 
iiioludiu^ B.ilaucc brought forward at 31st Dec 1892, 
and after" pr;)vidiDg (or general expenses, Directois' 
fee.", income tax, &c., is £44,481 53 3d. 
An interim dividend of 7 percent, on the ordinary 
dhares was paid 27th October 1893, amounting co 
£11,182 2s 3d. 
It is proposed to pay a liual dividend of 8 per 
cent, on the ordinary shares (making 15 pec cent, 
in all, free of income tax) which will absorb 
£13,390 8s. 
Dividends ou the 7 per cent, preference shares 
were paid for 1893, in full amounting to £5,413 (is 2d. 
It is proposed to add to Keserve Fund £10,000. 
It is proposed to write off for depreciatiou ou 
buildmgs and machinery £2,500. 
And to carry forward to next year a balance of 
£1,995 83 lod. 
"The Directors havo iig.iu to report a succesaful 
year's working, and to declare fur the seventh con- 
secutive year a dividend on the Ordjuary Snaros of 
lil'teuu per cent, per annnni. 
It 18 proposed to write off for depreciation the sum 
ot £1,981 (Si 11(1 derived from "Premiuraa " ou tho 
iNBun ol 1,534 Ordinary Sliarea .and 7ti4 Prcfereuco 
Shares, aud also a further sum of £2,500 taken from 
prodw. With tlie £10,000, now proposed to be ad- 
ded, the Kesorve Fund will stand at £35,000, and 
of tiiii amount tho Dirootjra have invested the ouiu 
of £l.;,502 13s 8d iu Oonaols aud oiher S.;oucities. 
Tuo yuar uuder review was a lavourablo one for the 
production of Te.i on tho Company's liitates, the 
averaiO yield of 410 lb. p..r aero being tho highest 
yet r..aclied. T»kiiig into considera.iou the fill in 
ibti prion of tua, the prolit cirned i3sulUoio;it evidence 
that the Co'upAuj's ulfain in Ceylon have been well 
Bnd ooonoiuically mauagod. 
The follow. u^? Rtaiomotit ahewa the ncreago of tea 
in b'.-aiiug; tbu yii.U per uoce; thj rata ot cxohauge. 
nnd tlie price per 11). 
Tea Crops, annually, siu 
Acreago Yield 
Year, of Te^i 
in bearing. 
realised for the 
oe 1887 :— 
per Hate of 
Exchange. 
<l. 
1-5 14-32nd 
1-4 28 82ud 
1-4 28-32ud 
1-6 24-.32nd 
1-5 19-.S2nd 
1-3 20-32nd 
V 3 8-32Dd 
The following is the a"reoge of the estat 
1887 
88 
89 
90 
91 
92 
93 
1251 
1405 
2773 
3947 
5168 
6584 
7167 
acre 11 
11'. 
403 
394 
.^38 
387 
414 
376 
419 
Tei iu bearing 
Tea not in bearing 
Timber cleat lug-, reserve forest 
wasle ... ... 
end 
Company 'a 
Sale price 
of Tea. 
d. 
130d 
10-5 
11 0 
110 
9-27 
9-38 
8-85 
es : — 
Acres, 
7,167 
1,151 
2,181 
10,499 
The tea crop for tho year was as under : — 
Tea Manu- 
Estate Tea. Bought factored Total, 
leaf Tea. for others, 
lb. lb. lb. lb. 
3,009,055 539,615 1,418,258 4,966,928 
The Chairman visited all the Estates in the 
months of December aud January last, and is 
thoroughly satisfied with the condition of the 
properties and the management of the Company's 
interests. The Board have again great pleasure in 
acknowledging their appreciation of the services of 
the staff both iu Ceylon and London. 
THE EASTERN PRODUCE AND ESTATES 
CO., LIMITED. 
Extracts from report to be presented on the 26th 
April 1894.— 
The directors herewith submit report and balance 
sheet for the year ending 31at Dec, 1893. The profit 
for the year (including £12 2s 5d balance from laat 
account, after payment of Debentures for £1,310) 
amounts to £30,409 I83 3d, from which, after pro. 
vidiug for in>'brest on ilebentures, there remains a 
b^ilftucu of £20,045 16^ 3d, which it ia proposed to 
appropriate as follows, viz. : — 
Dividend ou preferred shares ... £37 13 0 
Payment of debentures... ... 3,000 0 0 
Dividend at tho rat? of 3 per cent 
per annum for the year 1893, 
oQ tho Ordinary Share Capital, 
being the full ra'e permisfible 
by the Artidoa of Association, 
pending reduction of the De- 
bentures below £50,000 ... 8,974 1 0 
Bilanoe to be applied in farther 
re lemptioQ of Debentures ... 8,034 2 3 
£20,045 Ifi 3 
The debentures of the Company, which have been 
reduced aa shown in the annexed accounts to £170,880, 
being originally i'^sued for seven yeara, would in tho 
ordiuary course have matured for payruent at 31st 
Dec. no.^t. The directors, hiwcver, have the eatia- 
faction to inform the sharchjlders that they have 
succeeded in renewing the amount for a further 
period of three years. 
At shown in the accompanying scliodnle, the ex- 
tent of tho Company's property now under tea 
amounts to 9,750 acres, nf wliich 8,740 are ovor four 
years old. Tho crop iu 1893 ^vas 2,638,000 lb., being 
in excess of tho eatiunto, and tho average grota 
sale price was 8Ad per lb. The crop of 1894 is esti- 
mated at 2,800,000 lb. 
SCUEDUtK OF THK COMPANY'S RSTATliS AT 31sX 
DKC, 1893. 
Atapolakaudo, Aagtriya and Bulatwattp, Colonuii» 
Condegalla, Daodukclawa, DoombagaHtalawn, Dromo- 
land, Ilupe, lugarugalU aud BerrewoUa, Kirrimotlin 
