May  i,  1893.] 
THE  TROPICAL  AGRICULTURIST. 
7i7 
bftkam,  a village  within  two  miles  of  Kelacheri, 
have  not  to  the  slightest  extent  been  influenced  by 
the  every  day  practice  in  Kelacheri  carried  on  for 
the  last  one  hundred  years?  Really  there  is  some- 
thing rotten  in  the  State  of  Denmark. — Madras  Mail. 
THE  KELANI  VALLEY  TEA  ASSOCIA 
TION  (LIMITED). 
REPORT  OF  THE  BOARD  OF  DIRECTORS. 
The  Directors  feel  much  satisfaction  in  submitting 
to  the  Shareholders  the  Report  and  accounts  of  the 
Company  for  the  past  year  (1892). 
The  Estimate  of  Tea  for  1892  was,  including  the 
produce  from  Dover,  302,000  lb  ; but  owing  to  a con- 
tinuance of  abnormally  unfavourable  weather,  the 
quantity  actually  secured  was  only  260,085  lb.  shew- 
ing a deficiency  of  41,915  lb.  on  the  estimate,  and, 
gratifying  as  present  results  are,  they  would  have 
been  still  more  favourable  but  for  this  short  fall. 
Although  the  Factory  and  Machinery  are  new, 
and  thoroughly  efficient,  the  Directors  have  decided 
to  commence  writing  down  their  cost,  and  10  per 
cent,  amounting  to  £531  19s  7d,  has  accordingly  been 
written  off  for  depreciation. 
Including  the  small  balance  of  £28  10s  9d  brought 
forward  from  last  account,  the  Company’s  net  profits 
for  the  year  amount  to  £3,245  5s  5d,  which  it  is 
proposed  to  appropriate  as  follows  ;— 
£3,245  5 5 
Interim  dividend  of  5 per 
cent  paid  in  September, 
1892,  absorbed  ...  ...  £503  14  0 
It  is  now  proposed  to  pay 
a final  dividend  of  15  per 
cent  (free  of  Income  Tax) 
makifig  20  per  cent  for  the 
year 1,511  2 0 
To  place  to  Reserve 
Fund,  (bringing  it  up  to 
£1,000)  . 345  10  0 
2,360  6 0 
Leaving  a balance  to 
carry  forward  of £884  19  0 
The  Directors,  in  the  interests  of  the  Company 
and  under  the  advice  of  Mr.  Porter,  have  acquired 
the  Estate  of  Wereagalla,  almost  adjoining  Degaiessa. 
It  consists  of  230  acres  under  Tea. 
and  64  ,,  under  Forest,  &c. 
In  all  294  acres. 
This  property  is  taken  over  as  from  1st  January 
last,  the  price  paid  is  £8,250,  and  the  estimate  of 
produce  from  Wereagalla  for  the  current  year  is 
115,000  lb.  of  Tea.  The  buildings  on  the  property 
are  substantial,  and  the  factory  and  machinery 
amply  sufficient.  It  is  not  the  present  intention  to 
create  fresh  Capital,  but,  towards  providing  for  the 
purchase  of  Wereagalla,  a call  of  £2  per  share  has 
been  made  on  the  last  issue  of  397  shares,  and  a 
further  call  of  £1  per  share  will  be  made  almost 
immediately,  bringing  up  the  amount  paid  on  these 
shares  to  that  of  the  previous  issues. 
The  Company’s  acreage  now  consists  of : — 
864  acres  under  Tea  Cultivation. 
370  „ Forest,  &c. 
3 „ Grass. 
1,237  acres  in  all. 
Estate  Account,  for  the  Year  to  31st  Deo.  1892. 
£ b d 
To  Cost  of  Cultivation  and  Manufacture 
_ „ , of  Tea  w n 6,030  2 0 
To  Balance,  (gross  profit)  carried  down  i SKI  1*  0 
£9,714  16  9 
By  Net  Proceeds  of  Tea  Sold—  ,,  0,170  11  3 
By  Sundry  Receipts  in  Ceylon— Manufac- 
turing Tea  for  others,  Profit  on 
Klee,  &c.  ..  ..  ,.  526  IB  9 
By  Difference  in  Exchange  ,.  ..  17  8 9 
Profit  and  Loss  Account,  for  the  Year  to  31st 
Dec.  1892. 
To  General  Charges,  including  London  Of- 
fice Expenses,  Directors’  Fees, 
Audit  Fee,  Income  Tax,  Statio- 
ry,  &c. 
To  Interest  on  Debentures 
To  Interest  Accouut 
To  Telegrams 
To  Depreciation  on  Machinery  and  Build- 
ings at  10  per  cent 
To  Balance,  Net  Profit  for  year  carried 
to  Balance  Sheet 
£ s d 
316  17  4 
515  7 1 
76  0 9 
27  15  4 
631  19  7 
3,216  14  8 
£4,684  14  5 
A NEW  QUININE  SALT. 
Chemistry  has  just  enriched  medioine  with  a 
new  produot,  having  quinine  as  a base.  If  such 
authorities  as  MM.  Grimaux,  professor  of  ohem- 
istry  at  the  Eoole  Polytechnique,  and  Laborde, 
chief  of  the  physiological  laboratory  at  the  Paris 
Faculty  of  Medioine,  are  to  be  oredited.  their  ex- 
periments tend  to  show  that  it  is  capable  of  ren- 
dering real  service  to  therapeutics.  The  ohemioal 
in  question  is  ohlorbydro-sulpuate  of  quinine.  The 
following  are  aooording  to  MM.  Grimaux  and  Laborde. 
The  advantages  of  this  new  salt  ; — The  salt  which 
is  represented  by  the  formula  (02oH2stN202)2HCI, 
H2SO43H2O,  is  very  soluble  in  water  ; it  dissolves 
in  its  own  weight  of  water  at  an  ordinary  tem- 
perature. Under  these  conditions  it  oan  be  easily 
absorbed  by  the  digestive  organs,  while  medioinal 
sulphate  requires  more  than  700  parts  of  water, 
and  only,  apparently,  dissolves  in  the  stomaoh  by 
the  aid  of  the  acid  gastrio  juioe.  This  ease  of 
solubility  renders  it  very  useful  for  hypodermic  in- 
jections. A solution  prepared  with  5 grams  of 
salt  and  6 00.  of  water  contains  50  centigrams  of 
salt  per  oc.  A further  advantage  is  that  it  con- 
tains for  the  same  weight  the  same  quantity  of 
quinine  as  crystallized  medioinal  sulphate  ; with  7 
molecules  of  water  it  contains  74-2  per  cent,  of 
quinine,  while  medioinal  sulphate  at  7H2O  contains 
74-3  per  oent. — Oil,  Paint  and  Drug  Reporter. 
Prices  Paid  for  Java  Tea  in  London  and 
A msterdam,— Messrs.  J.  Peet  & Co.  of  Batavia 
last  month  addressed  a letter  to  the  Secretary  of 
the  Soekaboemi  Agricultural  Association  pointing 
out  an  apparent  error  in  the  Association’s  report 
for  1892,  where  the  results  of  the  Java  tea  sales 
in  London  and  Amsterdam  for  1891  are  quoted 
as  for  18  2.  Messrs.  Peet  & Co.  appended  to  their 
letter  an  elaborate  table,  compiled  by  Messrs. 
John  Pryoe  & Co.,  giving  the  figures  for  Java  tea 
sold  during  the  years  1886-91  in  London  and  Java 
respectively,  and  the  prioes  paid.  The  average 
prices  compare  as  follows  : — 
1886  1887  1888  1889  1890  1891 
CO  OO  c c 
London  ..  43  05  37-12  37  52  31'94  37'05  36’68 
Java  ...44-33  31-75  29  99  30'96  33'81  36  01 
the  averages  of  the  totals  being  respectively  37-351o 
and  33'555o  per  half-kilogram,  the  total  amounts 
sold  in  the  six  years  being  11,967,328  half-kilos  at 
London,  and  2,827,809  half-kilos  at  Amsterdam.  In 
accordance  with  the  expressed  wish  of  Messrs, 
Peet  & Co.,  the  Secretary  of  the  Soekaboemi  As- 
sociation has  had  their  letter  with  the  appended 
table  and  his  reply  printed  and  circulated.  In 
his  nf  recL  he  oombata  the  contention  that 
better  prioes  are  obtainaDie  ,ur  JlT-  — - — L'CH'-ICII 
than  in  Amsterdam;  pointing  out  that  the  reverse 
was  the  oase  in  1891 ; and  that,  although  the 
figures  for  1892  are  not  yet  available,  there  are 
undoubted  prools  that  last  year  also  the  prioes 
fetohed  in  Amsterdam  were  higher  than  those 
realised  in  the  London  market. 
£9,714  16  3 
