THE  TROPICAL  AGRICULTURIST. 
[Feb.  i,  1893. 
506 
9id  last  year.  The  very  heavy  supplies  which  came 
forward  during  the  first  half  of  the  year  led  to  very 
exaggerated  estimates  of  the  Ceylon  tea  crop  for  the 
season,  and  quite  disorganised  the  market.  These 
estimates  have  proved  much  too  high  : deliveries  have 
lately  exceeded  imports,  and  the  statistical  position  is 
now  decidedly  strong. 
7.  The  following  statement  shows  the  acreage  and 
state  of  cultivation  of  the  Company’s  estates  on  the 
30th  June  last. 
Estate. 
4! 
to 
c5 
O 
C0  § 
»• 
2 ”2  a > 
V 
"3 
tfct 
:3 
0 
c3 
0 
H 
O 
P4  S 
Ampittiakande 
.110 
178 
5 
39 
332 
Arnhall 
. 40 
140 
173  20 
373 
Fruit  Hill 
Fordyce,  Garbawn, 
I 
225 
12 
237 
Gonaga  la  and  Para- 
matta 
r 31 
1 
731 
39 
...  135 
936 
Rappahannock 
. 35 
290 
25 
43|  80 
473| 
Rillamulle 
. 15 
215 
, ... 
2 
6 20 
258 
Thotulasralla 
.297 
120*  ... 
126  58 
601 
Yatta  watte 
412  18 
95  145  277 
947 
528  1899  412  18  166  50!£  629  4157} 
* Partly  in  Coffee. 
8.  The  directors  regret  that  the  result  of  the 
ears’s  working  is  not  more  satisfactory  ; the  reason 
eing  the  diminished  receipts  from  both  coffee  and 
cacao  before  the  acreage  under  tea  is  in  full 
bearing.  The  profits  for  the  past  year  amounted  to 
£4,235  19s  10a,  and  after  writing  £1,499  off  the 
suspense  account,  and  reducing  the  machinery 
account  by  £307  10s  8d,  they  recommend  the  pay- 
ment of  the  dividend  of  6 per  cent  on  the  preference 
shares  and  a dividend  of  3s  per  share  (free  of  income 
tax)  on  the  ordinary  shares,  carrying  forward  a 
balance  of  £76  14s  2d  to  the  next  account. 
9.  The  Direotors  regret  to  have  to  report  the  death 
oftheir  esteemed  colleague,  Sir  Herbert  Bruce  Sand- 
ford,  k.c.m  a.,  who  was  a large  shareholder.  The  vacancy 
this  caused  has  been  filled  by  the  appointment  of 
Mr.  Henry  Bois,  who  is  now  permanently  resident  in 
England.  Mr.  Bois,  having  been  elected  in  the  place 
of  the  late  Sir  H.  B.  Sandford,  retires  on  this  occaeion, 
and  being  eligible,  offers  himself  for  re-eleotion.  It 
is  hoped  that  his  long  connection  with  Oeylon  will 
be  of  great  value  to  the  Board  and  of  material  assis- 
tance to  the  Company. 
In  the  Balance  Sheet,  the  eBtctes  are  valued  as 
£ s. 
d. 
£ s. 
d. 
Ampittiakande 
26,225  5 
0 
Arnhall 
18,521  6 
9 
Fordyce  and  Garbawn  ... 
16,149  2 
0 
Gonagalla  and  Paramatta 
18,185  12 
11 
— — 
34,334  14 
11 
Fruit  Hill... 
10,195  5 
7 
Rappahannock  ... 
22,846  10 
7 
Rillamulle.. 
L0.333  11 
9 
Thotulagalla 
... 
35,143  13 
1 
Yattawatte 
»• 
6,267  9 
6 
163,887  17 
2 
Trading  Account  for 
THE  YEAR 
ending  June 
30th 
1892. 
Dr. 
£ 
s 
0- 
Hi 
CD 
a 
To  Cost  of  Cultivation  in  Ceylon,  viz  : — 
To  Ampittiakand 
To  Arnhall 
To  Fordyce  Gonagalla,  &c 
To  Fruit  Hill 
To  Rappahannock 
To  Rillamulle 
To  Thotulagalla 
To  Yatawatte 
To  General  Expenses 
Less— Debit  to  Suspense 
Account  — 
Special  Expenditure 
— Tea  Planting  1700  14  2 
Yatawatte  Cocoa 
extension  203  16  0 
1,904  10  2 
2,300  4 8 
828  9 9 
5,145  1 5 
1,597  7 0 
1,845  16  7 
1,337  6 10 
2,123  0 5 
2,442  13  3 
1 17  10 
£17,621  17  9 
To  Insurance 
To  Balance  carried  down 
To  Interest  cn  Loans.  &c... 
To  London  Expenses — 
Directors'  Fees,  Secretarv.  Income 
Tax  and  General  Office  Expenses 
102 
6 
6 
5,957 
17 
5 
£21.777 
11 
6 
S09 
5 
3 
912 
12 
4 
It  4,235 
19 
10 
£5,957 
17 
5 
Or.  £ s d 
By  Net  Proceeds  of  Coffee  sold  in 
London  4,509  11 
U 
By 
do 
Bark 
do 
668 
7 
31 
By 
do 
Tea 
do 
13,028 
0 
3 
By 
do 
Cocoa 
do 
3 120 
0 
4 
By 
do 
Cardamoms  do 
’ 80 
5 
1 
By  Net  Proceeds  of  Coffee  sold  in 
Ceylon  214  4 0 
By  do  Tea  do  148  3 0 
By  do  Cccoa  do  8 18  0 
£ B d 
21,406  6 6 
371  5 0 
£21,777  11  6 
By  Balance  brought  down— Gross  Profits  5,957  17  5 
£5,957  17  5 
A NEW  TEA  COMPANY. 
London,  Deo.  9th,  1892, 
BANDARAPOLA  CEYLON  CO.,  LIMITED.  (37,608.) 
This  company  was  registered  on  the  23rd  inst.,  with 
a capital  of  £50, 000,  divided  into  5,000  sbaresof  £10eaoh, 
to  cultivate  tea,  cinchona,  coffee,  tapioca,  indiarubber, 
coooa,  and  fibre-producing  grasses,  plants  and  trees  in 
the  island  of  Ceylon,  India,  and  elsewhere;  with  power 
to  farm,  cultivate,  prepare,  manufacture,  treat,  and 
carry  on  any  trade  or  business  for  making  marketable 
the  same  and  suoh  other  products  as  may  hereafter 
be  approved  of  by  the  company.  The  subscribes  are: — 
Shares 
J«  Anderson,  16,  Philpot  Lane,  E.  O.,  merchant...  1 
G.  G.  Anderson, same  address,  merchant  ...  1 
j D.  Campbell,  same  address,  oasbier  ...  1 
N.  Aunum,  same  address,  acoountant  ...  1 
G.C.  Thompson,  same  address,  clerk  ...  1 
M.  R.  Hall,  same  address,  clerk  1 
G.T.  Robinson,  19, Eastcheap.  E.O.,  solicitor  ...  1 
The  number  of  directors  is  not  to  be  less  than  3 
nor  more  than  5 ; the  first  being  Messrs.  G.  "W.  Paine, 
O.  J.  Scott,  and  John  Anderson  ; qualification,  50 
shares  ; remuneration,  £200  per  annum  until  the  com- 
pany earns  15  per  cent.,  then  at  the  rate  of  £300  per 
annum,  or  such  further  sum  as  the  shareholders  may 
vote  to  them  at  a general  meeting  Registered  by 
Messrs.  Robinson  & Standard,  19,  Eastcheap,  E.O.  Re- 
gistered office,  16,  Philpot  Lane,  E.  C. 
The  prospectus  is  as  follows  : — 
This  Company  has  been  formed  to  purchase  from 
Mr.  Hugh  Fraser  the  properties  of  Bandarapola  and 
Muenaeniya,  situated  in  the  district  of  Alatale  in 
Oeylon,  within  3j  miles  by  cart  road,  and  1J  miles 
by"  bridle  path  of  the  railway  terminus. 
The  Estates  consist  approximately  of  1,340  aores  o 
Freehold,  and  130  acres  of  Leasehold  land  of  which 
300 
Acres 
are 
25 
do 
do 
40 
do 
do 
32 
do 
do“ 
6 
do 
do 
1,067 
do 
do 
under  Tea  in  full  bearing 
do  partial  bearing 
do  recently  planted 
Cocoa 
Grass 
Forest  and  Chena 
15,717  7 
7 
1,470  Acres. 
