Feb.  i,  1893.] 
THE  TROPICAL  AGRICULTURIST. 
S27 
The  following  are  the  approximate  quantities  purchased 
by  the  principal  buyers 
-UD. 
Agents  for  the  Auerbach  factory  ...  ...  90,358 
Agents  for  the  Mannheim  and  Amsterdam  factory  73,758 
Agents  for  the  Frankfort  o/M  and  Stuttgart  factories  61,741 
Agents  for  the  American  and  Italian  factories  ...  55,2^0 
Agents  for  the  Brunswick  factory  ...  ...  48,506 
Messrs.  Howards  & Sons  ...  ...  ...  13,489 
Agent9  for  the  Paris  factory  ...  ...  7,6  0 
Sundry  druggists. . ...  ...  ...  46,530 
Total  quantity  of  bark  sold  ...  ...  397,102 
Bought  in  or  withdrawn...  ...  ...  48,640 
Total  quantity  offered  ...  ...  445,742 
At  the  Amsterdam  auctions  on  Tuesday  last,  25,318 
kilos  bark,  representing  1,187  kilos  sulphate  of  quinine 
were  bought  in.  About  10  per  cent  of  this  quantity  so'd 
immediately  after  the  sales.  The  following  equivalents 
of  quinine  were  bought  by  the  principal  buyers 
The  Auerbach  factory  ..  ..  5,432  Kgr.  sulplx.  quinine 
The  Brum- wick  factory  . . . . 3,529  do 
The  Mannheim  fractory . . . . 3,497  do 
Mr.  Gustav  Briegleb  ..  ..  1,562  do 
The  Frankfort-o/Main  factory  . . 1,092  do 
Messrs.  Matthers  & Bormeester. . 4G1  do 
The  agents  for  Messrs.  Bohringer  & Sons  assure  us 
that  the  quantity  of  bark  exported  from  Ceylon  to  Amster- 
dam and  Hamburg  does  not  by  any  means  represent 
the  total  of  their  direct  purchases  in  the  island,  as  much 
of  what  they  buy  from  Iho  growers  is  forwarded  to  London 
and  transhipped. 
Essential  Oil. — Oil  of  Lemongrass  is  quoted  1 9-16ths  d, 
per  oz.  on  the  spot. 
CACAO,  TEA  AND  LIBERIAN  COFFEE 
IN  CEYLON. 
THE  UKUWELLE  ESTATES  COMPANY, 
LIMITED. 
Capital— R150, 000. 
Provisional  Directors. — A Collingwood-Smail,  Esq., 
J.  R.  Fairweather,  Esq.,  F.  M.  Maokwood,  Esq.,  and 
T.  O.  Osen,  E q. 
Secretary. — T.  B.  Campbell,  Esq! 
Agents. — Messrs.  Maekwood  & Co. 
Tbis  Company  is  formed  to  acquire,  in  the  first 
instance,  the  Ratwatte  Estate,  belonging  to  the  Ceylon 
Tobacco  Company,  Limited  (in  Liquidation),  and  the 
investment  is  particularly  recommended  to  shareholders 
of  that  Company  as  a means  of  closing  the  liquidation. 
It  is  further  proposed  to  bring  up  the  present  acreage 
uuder  Tea  to  220  acres,  and  speedily  to  open  100  acres 
in  Cacao  in  1893  and  another  100  in  1894-95,  if  sufficient 
approved  land  is  available.  It  may  be  also  stated  that 
a successful  cultivation  of  Cacao  is  its  main  object,  Tea 
being  only  a secondary  consideration  to  be  utilized  as  a 
means  of  bringing  Cacao  into  bearing. 
Situation  and  Outlet. — The  estate  is  situated  on  a 
Government  minor  road  which  runs  through  it,  about 
1$  mile  from  the  Ukuwelle  Station  on  the  Mataie 
Railway  lice,  and  within  three  miles  of  Weriapola 
Estate. 
Acreage. — There  are  320  acres  more  or  less  at  pre- 
sent forming  the  Ratwatte  Estate,  belonging  to  the 
Ceylon  Tobacco  Company,  Limited  (in  Liquidation). 
A further  area  of  147  acres  has  been  negotiated  for  by 
the  late  Tobacco  Company  (advauces  having  been  made 
to  owners),  and  the  purchase  of  which  can  be  completed 
for  about  R5,200.  It  is  proposed  to  buy  these  lands, 
and  with  one  or  two  other  suitable  available  lots  the 
area  could  be  brought  to  a little  over  500  acres. 
Elevation. — From  1,300  to  1,600  feet. 
Rainfall  — From  60  to  70  inches  well  distributed. 
Lav  of  Land  and  Soil. — The  land  is  undulating — 
about  one-fifth  of  the  320  acres  is  forest,  balance  good 
chena.  The  soil  is  of  deep  good  loam,  admirably 
suited  for  either  good  Tea,  Cocoa,  or  Liberian  Coffee 
cultivation. 
Condition  of  Estate. — 120  acres  were  opened  by  the 
Tobacco  Company  in  1891 ; but  though  this  is  all 
roaded  and  drained,  there  are  only  about  20  acres  of 
1891  Tea  successful.  The  balance  was  again  planted 
by  Mr.  C.  Gibbon  in  1892,  and  is  fairly  successful. 
The  jat  of  the  Tea  is  good,  being  mostly  Kerrimettia, 
Indigenous. 
Estimated  Yield. — Of  Cocoa  for  5th  to  8th  year  is 
estimated  to  yield  at  an  average  of  1|  cwts.  per  acre 
and  after  that  at  2J  cwt.  per  acre  ; the  upkeep  from 
the  5th  year  should  not  exceed  50  rupees  per  acre.  The 
Tea  is  estimated  to  yield  at  500  lb,  per  acre  in  the  4th 
year  from  January,  1892. 
Estimated  Expenditure.— A detailed  estimate  has 
been  made  out,  and  can  be  seen  on  application  to  the 
Secretary.  It  provides  liberally  for  establishing 
Cocoa,  in  view  of  the  fact  that  in  the  Ukuwelle  dis- 
trict the  weather  is  somewhat  precarious,  and  white- 
ants  troublesome. 
The  upkeep  of  the  existing  Tea  in  1893  is  estimated 
at  R6,550 ; Planting  up  100  acres  Tea,  1893  R15.225 : 
Planting  up  100  acres  Cocoa,  1893,  inclusive  of  cost  of 
buildings  R10, 200;  1894  expenditure  on  Tea  and  Cocoa, 
with  tea  factory  and  machinery,  estimated  at  R35,600  ; 
1894  planting  up  50  acres  Cocoa  R4, 000;  1895  up-keep 
Tea  and  Cocoa  R28, 750  ; 1895  planting  up  50  acres 
Cocoa  R3,700 ; 1896  up-keep  Tea  and  Cocoa  R35.000, 
Or  a total  for  the  4 years  of  R139,025.  Against 
this  it  is  expected  that  the  Tea  clearings  will 
produce  at  least  200,000  lb.  of  Tea,  at,  say,  36  cents 
per  lb  =R72,000,  and  enabling  a dividend  to  be  declared 
in  1896  It  is  not  yet  quite  oertain  how  much  of  the 
laud  will  be  available  for  Cocoa  ; but  it  is  thought 
that  200  acres  of  such  land  will  fe  the  minimum. 
Buildi5GS. — Small  temporary  bungalow  and  tempo- 
rary lines  onjy  at  present. 
Labour. — Ample  labour  facilities  exist. 
Valuation. — Messrs.  Deane  and  Fairweather  visited 
the  property  in  July,  1892,  6nd  again  in  December, 
1892.  On  this  latLr  occasion  Mr.  T.  N.  Christie 
and  Mr.  T C.  Gwen  accompanied  them.  They  value 
the  land  at  R45  per  acre,  arid  the  Tea  at  R140 
per  acre  all  ronnd.  They  consider  K25,000  would  be 
a fair  price  to  pay  for  the  property  as  on  1st 
January,  1893. 
A large  proportion  of  the  land  is  well  suited  for  the 
successful  cultivation  of  cocoa. 
Promotion  Money. — None  has  been,  nor  will  be  paid. 
Epitome. — Estimate  of  aggregate  cost  to  end  1896 : — 
R 
1.  Purchase  of  property  from  Tobacco 
Company  . . . . 
25,000 
2. 
Purchase  extra  lands  from 
natives 
5,200 
3. 
Probable  expenses  re  formation 
of  Company 
3,000 
4. 
Secretariat  in  Colombo,  4 years 
4,000 
5. 
Directors’  fees,  &c.,  4 years  .. 
10,000 
6. 
Expenditure  on  property,  de- 
ducting value  of  produce  to 
end  1896  . . 
67,025 
R114,225 
At  close  of  1896  the  property  on  present  date  of  ex- 
change and  prices  for  tea  and  cocoa  should  be 
worth  : — 
R 
220 
acres  Tea,  at  R450  per  acre  . . 
99,000 
100 
,,  Cocoa,  3 years  old,  at  R300 
per  acre 
36,000 
100 
„ Cocoa,  1 and  2 years,  at 
R240  per  acre 
24,000 
80 
,,  Waste  land  and  reserves, 
at  R45  per  acre 
3,600 
R162,600 
It  will  thus  be  seen  that  at  the  end  of  1896  less  than 
75  per  cent  of  the  proposed  capital  will  have  been 
spent  should  all  the  shares  be  taken  up,  and  a 
dividend  of  at  least  10  per  cent  could  be  declared 
that  year,  when  the  company  would  own  the  property 
the  value  of  which  would  be  50  per  cent,  in  excess 
of  paid  up-capital. 
