244 
THE TROPICAL AGRICULTURIST. 
[Oct. 1, 1900. 
THE WALAWE ESTATES COMPANY. 
BICE GROWING. 
The Government Gazette contains tlie meuioran- 
duni and articles of Association of this Company 
foriiied to take on lease and thereafter purchase 
or otherwise acquire the Walawe estate at 
Ambalancota, and prepare, manufacture, treat, 
and make marketable paddy, rice, tea, copperah, 
oil, and (or) other crops or produce. 
The nominal capital of the Company is one 
hundred and twenty five thousand rupees, divided 
into 205 preference shares of KlOO each, 
bearing a luniulative preferential dividend at the 
rate of eiglit percent, per annum, and ulsorarjkinsjin 
priority to the ordinary shares for return of capital 
upon a winding up of the Company and '^2.5 ordi- 
Kary shares of KiOO each, the remaining 595 
shares of RlOO each to be issued hereafter in 
such manner as the Company may direct, with 
power to increase or reduce the capital. After 
the payment of the cumulative preferential divi- 
dend at the rate of eight per cent, per annum, and 
a cumulative dividend on the ordinary shares at 
the rate of eight per cent, per annum, the balance 
pi-olits of any year -which the Directors may re- 
commend for division shall be divided and paid as 
to two-thirds to the preference and ordinary share- 
holders ^)a?'i passu, and as to one-third to Ed- 
ward Elliott so long as he shall be Manager of 
the Company, and upon the retirement of the said 
Edward Elliott from the management the balance 
profits shall be divided between the preference 
and ordinary shareholders pari passu. The 
signatories are : — H Creasy, Colombo, G H Alston, 
A Thomson, G W Cariyon, VV Henry Figg, 
Whittall & Co. aud per pro. E li Creasy, K E 
Shaw. 
NYASSALAND COFFEE COMPANY. 
THE ANNUAL RKPORT OF DIRECTORS. 
DiKBCTOES : — Messrs. W P Bletoalfe, Chairman ; 
Geo. Kent Deaker, H Creasy and W Shakspeare. 
ACREAGE. 
10 acres ooifee planted Dec, 1895. 
240 do do do 1896— Feb. 1897. 
883 do do do 1896— Feb. 51898, 
633 acres under cultivation. 
2,843 acres reserve. 
Total 3,476 acres. 
The Directors beg to submit tire accounts closing 
the year 1899, the period under review covering 
six months only. 
Superintendence. — During the six months Mr. G 
N Barclay was in charge of the estate. 
Progress of Works. — The ordinary routine work 
of the estate was partially carried out, but possibly 
owing to Mr. Barclay's unfortunate illueas, the weed- 
ing, from latest reports received, would appear to 
have suffered from lack of supervision, Mr. Robins 
being absent on furlough. 
Crop for 1900. — The issue of this report has been 
delayed in the hope that full information would 
have ere this been received, but the Directors re- 
gret that no details have yet ccme to hand as to the 
outturn. Tho accounts to the end of April show 
42 bushels parchment coffee secured aa the result of 
first pickings. 
Financial Position.— To the 31st December, 1899, 
the Company was indebted to .Messrs. Carson & 
Co. to the extent of R8,,'j00, and they have con- 
tinued to finance the Company dui'iug tlie present 
year. It has not yet huon found practicable to 
conclude the arrangements foreshadowed in the last 
Director's repot. 
DiKKCTOKs. — Wr. W P Metcalfe rotiits by rolntion 
jjilt ia eligible for le-eleutloa. 
Auditor. — Tho appointment of an Auditor for the 
urrent year re =ts with the meetiuK- 
DOOMOO TEA COMPANY. 
THK DICKCTORS' REPORT. 
Directors : — Messrs. W Kingsbury, P W Bois, W 
D Gibbon. 
Your Directors beg to submit their Report and Ac- 
counts fur the season endmg 30lh June 1900, 
The tea received from the two esttites aggregated 
242,790 lb. against an eHimate of 220,0 0 lb. aud the 
price realized was 40'57 cents per pound asiainst 42 83 
cents per pound the previous season. The cost of 
production was however reduced by almost 4 cents a 
pouud the resulting profit being 13 88 cents per pound 
against 12'2'2 cents. 
The Doomoo Factory has been removed and re- 
erected at Verellapatna as a withering shed, and the 
whole of the Company's Tea is now manufactured on 
the latter Estate, this having been considered advis- 
able owing to the rapidly increasing cost of firewood. 
The amount available to deal with is E37,264"92 
and your Directors recommend that R2, 500 be passed 
to Depreciation account R5,00() to Reserve account 
that a Dividend of 7 per cent for the year be paid 
forthwith and the balance of Rl,764'92 be carried to 
next account. 
The Directors would also ask the shareholders to 
sanction the payment of a bonus of R500 to Mr. 
Mason for his efficient and economical working. 
The estimate for the current .reason is 245,000 lb. 
Tea on an expenditure of R71,205 — which includes 
a sum of R3,000 for a new bungalow which is neces- 
sary on Verellapatna. 
The acreage of the two estates is as follows 
viz : — 
Doomoo ... 210 acres Tea 6 years old and upwards. 
3 „ „ 4 „ 
6 ,, under 2 years. 
219 
22 „ Timber, 
58 ,, Chena and Patna. 
299 acres, 
Verellapatna 345 acres Tea fi years old and upwards. 
120 „ 4 „ „ 
524 
10 acres Grass. 
154 ,, Chena and Pdtns. 
638 acres. 
In accordance with the Articles of Asiooiation Mr. 
F W Bois retires from the Board, bat being eligible 
officers himself for re-election. 
It will also be necessary to appoint an Auditor for 
season 1900—1901. 
Ny ASS ALAND CoFFEE COMPANY.— We regi'et 
to see that this enterprising Company is to 
be no exception to tlie usual experience of 
pioneers. But it seems to iis cultivation 
has been forced on a little too rapidly : 663 
acies of colfee would be a really big charge 
even in Ceylon : how much more in a new 
and like B. C. Africa. We think it a -pity 
the Directors did not confine themselves 
to 400 acres as a maximum, until they had 
got profitable returns and proved the planta- 
tion to be a success. Then the weeding 
proba1)ly would not have fallen into arrear, 
wliile the financial position would have been 
distinctly better. However, we have no doubt 
all has been done with the best intentions and 
no Directors can guard agtiinst the illness of 
their Supeiinteudents 
