6i8 
THE TROPICAL AGRICULTURIST. 
March i, 1895. 
SELANGOR LAND SALE. 
PUKCHASKS BY CEYLON I'LANl'EltS. 
The Selangor Government held a sale of agricul- 
tural land in the Elans district, at Kiang, in the 
District Office, on Monday, the lltli instant, The 
sale was a success in every respect. The District 
Officer of Klang, Mr. J. J I. U. llobson, officiated at 
auctioneer. All the leading planters in the State 
were present ; amongst them being Messrs. T. II. 
Hill, W. W. Bailey, G. W, Welinan, T. Gibson, B. 
V. Carey, F. A. Toynbee, H. lnnis, li. IS. Bleikle, 
A. Forsyth, H. Borrou, H. O. Maynai-d, H. C. 
Kindle, VV. Stephenson, G. M. Stafford, F. B. Mftynard, 
W. Trail, and A. Walker. 
The lots to come under the hammer were pub- 
lished in a Government notification, issued at Kuala 
Lumpur on the 80th November last year, along with 
a plan showing the situation of the various blocks. 
Before the sale began Mr. Hill questioned tiie 
District Officer of Klang as to the policy of the 
Government in respect to the drainage of the several 
lots, which, Mr. Hill said, the Government 
had promised to undertake. It would, said Mr. 
Hill, make a considerable difference in the prices 
likely to be realised if it were known that the drains 
were to be made by Government. The plan stated 
that there was a drain in course of construction 
by Government from A. to B., and from B. to C." 
Mr. Robson said, in reply, that the drain from A. 
to B. was being made, and that a sum of 2,000 dols. 
had already been voted for the work. The drain 
from B. to C. had been started, but had not been 
finished. Mr. Robson could make no promise on be- 
half of the Governmeut that such drain would be 
finished by the Government. 
The sale then proceeded. There were twelve lots 
put up, with an additional lot, making altogether 
thirteen lots. All were sold. The sale realised 10,350 
dols. The upset price was calculated at 1 dol. an acre ; 
and the average price obtained was over 2 50 dols. 
an acre. Only one lot, and that the additional lot 
of 320 acres, brought in merely the actual upset 
price. In respect to this, it seems that some amount 
of sympathy was expressed for Mr. " Tim" Bailey, 
who bought the lot in question, and who was buying 
land for which he held the Resident's grant, which 
grant, it is believed, had been repudiated by the 
Straits Government. Consequently no one bid against 
Mr. Bailey. The following are the details of the 
sale : — 
Price 
No Area. realised. Purchasers. 
A. 11. dols. 
13 • 323 2 800 A Forsvth 
32 • 319 3 800 do 
33 • 329 0 800 do 
. 34 - 319 0 1200 W Forsvth 
35 - 320 1 1200 do 
36 ■ 320 1 1200 do 
37 - 370 1 1075 G W Welinan 
88 - 370 1 825 ' do 
40 ■ 289 2 600 HE Hill 
41 - 319 3 500 W Forsvth 
43 - 261 0 300 do ' 
' 44 - 259 3 401) do 
46 - 320 0 320 W W Bailey 
Each lots carried with it a fee of 3 dols. for title 
and registration. Mr. Wm. Forsyth, of Pambagama, 
Ceylon, is associated with Mr. Fort, the Ceylon planter 
who hi-, kept a watchful eye on Selangor agricultural 
land for a long time. The blocks of land sold con- 
sisted of virgin forest in the neighbourhood of land 
(successfully planted with Liberian coffee. There is 
said to be no prospect of another land-sale just yet. 
■HAanyor mUla'it', Feb. 19th. 
THE WE-OYA TEA COMPANY, LIMITED. 
At the annual ordinary general meeting of the 
We-oya, Tea 'Obnipaiiy Limited held this day, Mr. 
■ Eric S. Anderson in the chair, t lie Report and 
Accounts were adopted and a filial dividend of 
15 per cent was declared making 20 percent for 
fiie y&r. Wte ijuoLfc tins Report as follows : — 
A(HKA(iK. 
Tea planted l»8s— lsWU 21 !l Acres. 
„ 1S92— ls!« 102 „ 
Crass ... .. 6 „ 
Cultivated 3S0 
Forest . . s»7 
Total Estate C23 Acres. 
The Directors have pleasure in submitting t*i tile Share- 
hoi.leisthe Accounts Of the Company for the past veai 
Ike Crop secured amounted to 145,704 It.. Tea, being 
20.7114 ll>. in excess of the Estimate and 35,47rtlh. r, I, , „ 
the yield in The net average price realized for tbc 
Tea was about 42J cents per lit. a g»in«*. a, cost laid down in 
Colombo of about 24} cents per lb. 
The net profit lor the year, including a balan f 
K2,6«2-4:( from l«;t:t Imt excluding premium on new shares, 
amounted to 1{24,7I V25, equal to if J per cent on the p. id 
lip Capital of the Company. An Interim dividend of 5 per 
cent was declared on the Oth October last, absorbing lt'.,2.Vi, 
and the Directors recommend a final dividend of li 
cent, making 20 per cent for the year, and that after pav. 
inent of K.MHI extra fees to the Directors in terms of the |U- 
solution paused on the lsth February ls!»3, H3.21.V2o be 
carried forward to the Current year's accounts. 
tin the lath January IsW, " 50 shares of Kim each weie 
issued at a premium of Kino per share. This premium, 
amounting to Ka.oon, has been credited to I'rofH ami Loss 
Account, but the Directors propose that the amount should 
be transferred to " Depreciation Account " to provide for 
depreciation of buildings and Machinery. 
In terms of Special Resolution passed at Extraordinary 
General Meetings held on 0th October and sth November 
last, the Capital of the Companv was increased from 
K105,000 to Rl.50,000 by the creation of 450 new shares ot 
R190 each, 250 of which were issued at a premium of J15oper 
share on the 1st of January 1695. With the authority of the 
Shareholders at an Kxtraordinary General Meeting held on 
the 24th November, a factory site has been leased from the 
Yatiyantota Tea Company Limited and a ner. Factorv, n 
which water power w ill be available, is now In course of 
erection. 
The crop in 1895 is estimated at 170,0001b. Tea on an ex- 
penditure of R36,252'5(j on working account. The estimated 
expenditure on Capital Account to erect and equip the 
Factory, to build permanent lines; and to open sufficient 
land to bring up the cultivated area to 4O0acres, is R46,000. 
In terms of the Articles of Association, Mr. Edward J. 
\ oung retires by rotation from the Office of Director, but is 
eligible for re-election. 
THE YATIYANTOTA TEA COMPANY, 
LIMITED. 
Feb. 23rd. 
At the Annual Ordinary General Meeting of 
the Yatiyantota Tea Company Limited, held this 
day, Mr. AY. D. Gibbon in the Chair, the Report 
and accounts were adopted and a final dividend 
of 15 per cent was declared making 25 per cent 
for the year. — "We quote from the Report as 
follows : — 
ACREAGE. 
New Polatagauia. 
Acres. 
Tea and Coconuts not in bearing 235 
Forest - - . 212 
Old Folatagama. 
Acres. 
Tea in bearing -506 
Tea not in do - 148 
Forest - - 349 
l.iio:; it - 
Gl'aud Total 1,450 ;;cres. 
The Directors have pleasure in Submitting to the Share- 
holders the accounts of the Company for the past year. 
The Crop secured amounted to 203,531 11). 'lea. being 
13,531 lb. over the estimate and 07.SS7 lb. more than 
tiie yield in 1S93. The net average sale price was 41 cents 
per lb. whilst the cost laid down in Colombo was 221 
cents per lb. The net profit for the year after providing 
for all doubtful debts and including a* balance of R2,3S2'7S 
from 1893, amounted to R42,6s3'73, equal to 42£ per cent 
on the Capital of the Company. An interim dividend of 
10 per cent was declared on 4th August last, and tlu 
Directors recommend a final dividend of 15 per cent 
making a total of 25 per cent for the year, and that, 
after payment of R500 extra fees to the Directors in terms 
of the resolution passed in 1893, the balance be dealt 
with as follows, viz :— That R10,000 be added to the ex- 
tension Fund, that R6J52-65 be transferred to Deprecia- 
tion Account and that the balance of Kl31'0S, be carried 
