Dec. i, 1900.] THE TROPICAL AGRICULTURIST. 
THE OTTERY TEA COMPANY OF 
CEYLON LIMITED. 
ANNUAL REPOKT. 
The Directors beg to submit to the shareholders 
their report and accounts for season ended 3Cth 
September, 1900. 
The crop secured amounted to 172,956 lb. tea' 
against an estimate of 160,000 lb., showing an in- 
crease of 31,401 lb, over last season. 
The tea cost laid down in Colombo cts. 23§ per lb. 
as compared with cts. 27'31 for year 1898-1899, 
whilst the nett average price realised was cts. 39'55 
against cts. 46-91 last year, and cts. 42'40 in 
1897-98. 
A sum of £3,019 65 was spent on machinery, of 
which R579'65 has been charged to expenditure, and 
El,183'99 for manure has also been similarly charged, 
making a total amount of Rl,763'64. 
Last season R2,827"60 was spent on manure, of 
which Rl,827'60 was included in the ordinary ex- 
penditure, the balance R1,000 being paid for out of 
the Reserve Fund. 
After making provision for the interest on mort- 
gage, &c., the balance of profit available amounts 
to R24,503-60. Of 'this amount R8,940 was absorbed 
by the payment of an interim dividend of 3 per 
cent to 31st March last, and the Directors now 
recommend that the amount of R2,440. which has 
been transferred to machinery account (being the 
balance of R3,019-65 mentioned previoQsly), be 
written off for depreciation, that a final dividend 
of four per cent be paid absorbing Rll,920, and 
the balance of Rl,203'60 be carried forward to the 
next account. 
In terms of the articles of Association, Mr. R H 
S Scott resigns his seat on the Board, but, being 
eligible, offers himsef for re-election. 
An Auditor will also have to be appointed for 
season 1900-1901. 
THE SCOTTISH TRUST AND LOAN 
COMPANY OF CEYLON, LTD. 
ANNUAL KEPOBT. 
Report by the Directors of the Scottish Trust and 
Loan Company of Ceylon Limited, to the Twenty- 
third Ordinary General Meeting of Shareholders, to 
be held within the Company's Registered Office, No. 
123 George Street, Edinburgh, on Wednesday, the 
24th day of October 1900, at 2 o'clock afternoon. 
The Directors present their Twenty-third Report, being 
for the year to 31st August 1900. 
Estates in the Company's Possession. — The yield 
of tea for the year exceeded the estimate, though 
the estates, situated as they are in different districts 
and at different elevations, show varying results. The 
aTerage yield per acre was 393 lb. While the general 
average cost of production was reduced, the net aver- 
age price realised was lower than in the previous 
Reason. The return from coffee shows a gradually 
diminishing quantity. 
Factories, Buildings, and Machinery. — During the 
year additional motive power for Annfield and Sarnia, 
and.the.formation of the Government road to Annfield, 
necessitated considerable outlay. Minor additions to 
buildings, upkeep of young tea and of fuel reserves, 
had also to be provided for. 
In the current season machinery will be required 
far Brookside and Sarnia, and an extension of the 
factory at Alnwick cannot longer be delayed* 
Debenture Debt.— The balance of the Debenture 
issue was paid off at the term ef Martinmas 1899. 
Mobtgaoes held bt the Company in Ceylon. — 
During the year the Tonacombe Estates Company 
Limited of Colombo repaid a sum of £1,000 to ac- 
count of their debentures held by this Companya 
Accounts.— The balance at the credit of profit anS 
loss account is . . . . £5,827 19 2 
And the directors propose 
to pay a dividend of 5 per 
cent per annum, free of in- , 
come tax . , . . £2,250 0 0 
Note. — Two and a half per 
cent of this was paid as an 
Interim Dividend at Whit- 
sunday 1900. 
To pay bonus of 5 per 
cent free of income tax 2,250 0 0 4,500 0 0 
£1,327 19 2 
Leaving 
to be carried forward to next account. 
Acreage and Cultivation op Estates. — The ol 
lowing figures may be of interest to the shareholdera 
as showing the extent of the Company's propertiss 
and the area under cultivation :— 
EH 
ba 
a 
a 
o 
>i 
cn 0 
o 
<u a 
o 
Alnwick 348 132 234 227 ... 941 
Annfield, 251 .. 28 ... 10 289 
Brookside, 181 60 35 1§ 5 282i 
Kaipoogala, 277 2 66 75 . . 420 
Rahanwatte, 258 21 20 9 .. 308 
Sarnia, 417 93 130 245 90 975 
Total, 1732 
308 
513 557i 105 3215i 
In recording an expression of their appreciation of 
the services rendered by the Estate Superintendents, 
the Directors desire to make ppecial reference to tha 
long and valued services of Mr Edward Hope, for 
many years Manager of Kaipoogala, who died in Juna 
last, on his way home, after retiring from the Com- 
pany's service. 
Mr. A Gordon Dickson, one of the London Agents, 
returned to this country in February last, after a year's 
residence in Ceylon, during which he visited the 
whole of the Company's Estates. 
The Directors have taken advantage of the presence 
in England of Mr R S Templer of Messrs. Cumber- 
batch & Co. of Colombo, and of three of the Super- 
intendents, now on furlough, to discuss with them 
various subjects relating to the practical working of 
the estates. A conference with these gentlemen hai 
been arranged, and will be held in Edinburgh pre- 
vious to the meeting of Shareholders. 
The Director retiring by rotation is Mr John Wilson, 
who is eligible for re-election. 
The Directors hare, with regret, to record the death 
of the HonFJMoncreifi,C.A.,for many years Auditorof 
the Company. The audit of the accounts for the finan- 
cial year under review was entrusted to the late Mr. 
Moncreiff's firm, Messrs. Moncreiff and Horsburgh, 
C.A. The Directors ask the approval of this interim 
appointment, and recommend the election of the firm 
as Auditors for the current year. — By Order of the 
Board, FRANCIS A BRINGLOE, Secretary. 
KINTYRE TEA ESTATES CO., LD. 
FOURTH REPORT OP THE DIRECTORS 
to be submitted at the general meeting to be held 
on Thursday, the 25th day ot October, 1900, ab 
12-30 o'clock, at the offices of the Ceylon Asso- 
ciation in London, 61 and 62, Gracechurch Street, 
E.C, 
The Directors have the pleasure to present the 
accounts for the twelve months ending 30th June, 
1900. The estimated tea crop for the season was 
480,000 lb and this was again largely exceeded, 
the total secured amounting to 540,279 II) 0? wp- 
