i THE TROPICAL AGRICULTURIST, |July 1, 1900. 
SCOTTISH CEYLON TEA COMPANY, LTD. 
ANNUAL REPORT. 
The Diiectors have now the pleasure to sub- 
mit to the shareliohieis the Accounts and 
Balaoe-slieefc for the 12 mouths ending 31st 
December, 1899. 
£ s. d. 
The net profits for the year anjoant 
to ±6,959 Cs 2d, to which has to be 
added £156 43 7d brought forward 
from previous aooonuts, giving a 
total to be dealt with o£ .. 7,415 10 9 
An Iiiteriiri Dividend 
on the Ordinary 
Shares of 5 per cent 
(free of Income Tax) 
paid in September, 
1899, absorbed .. 2,050 0 0 
Dividends on the 7 per 
cant Preference Shares 
have also been paid, 
amounting to . . 630 0 0 
It is now proposed to 
pay a Final Dividend 
on the Ordinary 
Shares of 7 per cent 
(free of Income Tax, 
mailing 12 per cent 
for the year . . 2,870 0 0 
To write off the Capital 
Expenditure incurred 
during 1899 . . 402 14 9 
To write further off 
Estates Account , . 1,000 0 0 
6,952 14 9 
£3 608. This, altoj,'elher wiMi (hebn'anee hronght 
forw a,ii.!, makes a total of £3,()3S. ft is proposed 
to pay ;i, divitlend of 5 per cent on the ordinary 
capital, leaviiiy a i/rdanfe of £127 to he carried 
f>)rward, wine!) sa'iiject to superir.tender/l's com- 
mission for l_he year 1899. — Loniion limes, April 
30. 
Leaving a balance to carry forward 
to next account of ... . . £462 16 0 
The total crops secured from the Company's pro- 
perties during the yeo,r amounted to 819,704 lb., 
being 28,704 lb. over the estimate, and 60,705 lb. 
more than the previous year's outturn, which the 
Directors consider a satisfactory increase. 
In addition to the foregoing, 121,710 lb. of tea 
were manufactured for others giving a total output 
from the Company's Factories for the year of 941,420 lb. 
made tea. 
The average yield! per bearing acre was 480 lb. 
against 445 "lb. for 1898, the rata of exchange was 
Is 4|d per Eupee, against Is 4Jd, and the average 
prices realized in tlie London and Colombo markets 
respectively were 7'707d and 35 cents against 7-8S9d 
and 32 cents for the previous year. 
No additions Irave been made to the Company's 
acreage, which remains unaltered at 1,065 acres, in- 
cluding 1,720 acres under tea cultivation. 
The eylon Manager, Mr Kerr, who is now on 
hia way homo on short furlough, reports that all 
.the ompaoy's estates are in good heart, and his 
estimate's for the current year point to a continuance 
of satisfactory returns. 
The Directors would again take this opportunity 
of recording their appreciaton of the services of 
the staffs, both in eylon and London. 
In accordance with the articles of Association, 
iir. G G Anderson retires from the Board, and, 
being eligible, offers himself for re-slection. 
Mr. J B Laurie, C.A., also offers himself for re- 
election as Auditor. 
MAYFIELD (DIMBULA) TEA COMPANY OF 
CEYLON (LIMITED.) 
ANNUAL RICPORT. 
The report for the year 1899 state.g that the pro- 
fit and loss accouni, after providinf^ for general 
expenses, writing oil the remaining one-third of tlie 
preliminary ciiarges, and charging all expenditure 
pn caintal account to revenue, shows a profcit of 
OUVAII COFFEE COMPANY, LLMITED. 
ANNUAL KEPOKT. 
Precerited to the fifth ordinary t,'eiieral meeting 
of the Coiiipaiiy at No. 5, Dowjjate Rill, LoniloD, 
on Weili)-':-day, ilie 16lh May, at noon. 
Siiicj ti-a li:is !>(;eonio the stajile jiroduct on 
our e.staies it lias been found that it will be 
nioie C'.iiv.j-.icii' to l^■r^)illale the financial year 
on the ol.-t Decmiiijcr in plnce of on the 31,st 
July. Acor.in!;; aiH w.w tlierefore presented for 
a perioi ol ve'.'.iin-en in uili-, viz. : — 
Balance sheet made up io 31st December, 1899. 
Priiht and io*s account for seventeen months 
ended 31.st December, 1899. 
'I'lie receipts from the sale of iiroduce were as 
unler : — 
lb. 
Tea from the Corv.pany's 
own Estates .. 953,150 
Tea made from bought 
leaf .. .. 136,341 
£ s. d. 
Total ... 1,089,491 3i,330 1 6 
Coffee 841 cwt. 1 qr. 19 lb. .. 3,178 3 7 
Cocoa 77 cwt. 2 qr. 2 lb. . . 213 9 0 
Cinchona 41,878 lb. .. 814 10 5 
Plumbago 643 cwt. 3 qr. 7 lb. . . 1,157 2 9 
Sundry sales in Csylon ... 6] 9 8 
Total receipts 
£39,754 16 11 
The total expenditure in Ceylon and London 
amounted to £32,031 ISs 5di and deducting 
this from the value of the produce, a profit is 
.shewn of £7,723 Is 6d. to which has to be added 
the balance of £409 4s 9J, brought forward 
from the previous year, making a total of 
£8,132 63 3d. 
From the above profit the Director.s have trans- 
ferred to the credit of Baduila Factory Account 
£1,030 63 6d and to the credit of Plumbago 
Mining Account £700 Os Od. The inteiini di-.?'!- 
dend of 2^ per cent paid on 23rd November, 
1899 absorbed £2,500 and Income Tax £177 Ss 
Od, leaving a balance of £3,724 lis 9d, out of 
which it is proposed to pay a further dividend 
of 3J per cent, making rAx per cent in all, 
and to carry forward to next account the sum 
of £224 lis 9cl. 
Drought and unfavourable weather continued to 
adversely affect the yield of tea. The seventeen 
months' ciop, estimated at 1,025,188 lb., only 
realised 953,150 lb. of made tea ; the yield per 
ace for the twelve rnontlis ended 3lsb July 1899 
being 404 ib. against438 lb. and 475 lb. respectively 
for the two preceding years. 
The better prices secured during the early part 
of 1899 were not maintained, and our selling 
prices over the seventeen months averaged 7.56d 
per lb. as .against 7"78d for the previous year. 
The cost of planting an additional 18 acres of 
tea and the up keep of 463 acres of young tea 
not in bearing are included in the ordinary ex- 
penditure. 
In the month of June 1899, an outcrop of 
workable plumbago was discovered on the Com- 
pany's land, and plumbap-oto the extent of ClS'cwti. 
