Jan. 1, 1901.] 
THE TROPICAL 
AGRICULTURIST. 
493 
TEA COMPANIES' REPOETS. 
CENTRAL TEA COMPANY OF CEYLON. 
LIMITED. 
The Directors have the pleasure to submit the 
General Balance Sheet and Profit and Loss Ac- 
count for the year ending 30th June, 1900, duly- 
audited. 
The net amount at credit of 
Profit and Loss Account, 
including the balance 
brought forward at 30th 
June, 1899, and after pro- 
viding for General Ex- 
penses, Directors' Fees, 
Income Tax, &(;., is 
Dividends on the 6 per cent 
preference shares were 
paid for 1899/1900 (less In- 
come Tax) amounting to 1,299 7 
It is proposed to pay a divi- 
dend of 0 per cent (less 
Income Tax) on the Ordi- 
nary Shares which will 
absorb ... ... 1,054 10 
And to carry forward to 
next j'ear a balance of... 513 2 8 
2,867 0 2 
£. s. d. £. s. d. 
2,867 0 2 
6 
0 
The Directors trust the results of the year's 
working of the estates will be deemed satisfac- 
tory by the shareholders, considering the fall in 
the market value of tea. 
The gross average price realised for the tea 
wafe 7*03d per lb. as against 7'87d per lb. last 
season, and the rate of exchange was Is 4 31-61d 
as against Is 4 13-64d. 
The yield of tea was 406,646 lb., being 454 lb. 
per acre over a plucking area of 895 acres. 
The acreages of the estates are as under :— 
Tea. 
bi: 
u 
C3 
Estate. 
bearin 
ew clea 
ings. 
Carda- 
moms. 
Forest 
rass an 
Waste. 
talacre 
ges. 
a 
O 
o 
H 
Kabragalla 
508 
49 
380 
937 
Somerset 
387 
13 
33 
433 
(Including Easdale 
and Loxa) 
Total ... 
895 
13 
49 
413 
1,370 
Under clause No. 24 of the Articles of Associ- 
ation Mr. H. K. Rutherford retires on this occa- 
sion from the Board, and being eligible, oifers 
himself for re-election. 
THE GANGWARILY ESTATES COMPANY 
OF CEYLON, LIMITED. 
Registered Ofeices :— Billiter Square Build- 
ings, London, E. C. 
Directors :— Sir John J. Grinlinton, c.e.,f.s. a., 
F.E.G.S., H. L. Tottenham, Esq., Theodore Stretch, 
Esq. 
Fourth Report of the Directors.— To be pre- 
sented at an Ordinary General Meeting, to be held 
of the Offices of the Company, Billiter Square 
Buildings E. C, on Tuesday, the 16th October, 
1900, at 3"15 o'clock in the afternoon. 
The Directors submit herewith Balance Sheet 
and Profit and Loss Account for the twelve 
months ending the 30th June, 1900. 
A new clearing of 27 acres has been made on 
Yelam-Mallai Estate and is being planted with 
Cardamoms. This will be increased to 40 acres, 
making the total clearing 100 acres and the culti- 
vated area of all the Company's Estates 1,017 acres. 
62 
The crops of all the Estates have been in ex- 
cess of estimates, but the advantage thus afforded 
lias been almost dissipated by a further fall in 
prices. The total Tea made in the Season amoun- 
ted to 499,029 lbs. costing 26 cents, per lb. fi'ee on 
board Colombo. 
The total quantity of Tea sold amounted to 
527,139 lbs including 28,110 lbs. of bought leaf. 
Of this 126,264 lbs. was sold in Colombo at an 
average of 27.f cents, and 400,875 .lbs. in London 
at an average of 6'06d per lb. 
The Cardamoms on Yelam-Mallai are reported 
to be growing well and a small picking may be 
looked for in the new season. 
Estimates for the Tea Crops for the twelve 
months ending 30th June, 1901, point to a yield 
of 475,000 lbs. Every effo> t is being made to keep 
down cost and at the same time maintain tlie 
Estates in good cultivation. 
The Profit and Loss Account, after paying Divi- 
dends on the Preference Shares to 31st Decem- 
ber, 1898, shows a balance of £84 17s 9d brought 
down. The profit for the year, after writing off 
£382 16s lid from buildings, machinery, &c., 
amounts to £974 9s 4d. which added to the above 
gives an amount of £1,059 7s Id. Out of this the 
Directors have paid a half-years' dividend on the 
Preference Shares to the 30th .June, 1899, leaving 
a balance of £740 17s 6d ; they now recommend 
that a dividend be paid on the Preference Shares 
to the 30th June 1900, which will absorb £630 19s 
2d, and leave a balance of £103 18s 4d to be carried 
forward. J. J. Grinlinton, Chairman, 
4th October, 1900. 
THE CEYLON LAND AND PRODUCE 
COMPANY, LIMITED. 
Report of the Directors, to be submitted to the 
Sixteenth Annual General Meeting of Shareholcler' 
to be held at the Registered Office of the Company- 
No3. 353 and 354, Leadenhall Hall House, 101, Leaa 
deuhall Street, in the City of London, on Monday, 
the 12th day of November, 1900, at 2 o'clock p.m. 
Your Directors have the pleasure to submit the 
Annexed Profit and Loss Account and Balance Sheet 
for the Crop year ending 30th June, 1900, duly 
audited. 
1,103 shares of £5 each, being part balance of the 
6 per cent Cumulative Preference Capital, were allotted 
during the past year, and the premiums received, less 
cost of issue, transferred to Reserve Fund in the sum 
of £675. 
The amount at credit of Profit and Loss Account is 
£8,262 17s lOd, which, with the sum of ^6986 33 lOd 
brought forward from last year, leaves £9,249 Is 8d to 
be distributed. 
On the 2l3t July last an Interim Dividend of 7i per 
cent, on the Ordinary Shares and 3 per cent on 
the Preference Shares was paid, and your Directors 
now propose to pay on the 15th day of December, 
1900, the balance of the fixed Cumulative Dividend 
on the Preference Shares, 3 per Jcent, making 6 per 
cent for the year, and 7i per cent- on the Ordinary 
Shares, making 15 per cent, for the year, all free of 
Income Tax. It is also proposed to transfer £1,825 
from Profit and Loss Account to Reserve Fund, 
increasing|that account to £20,000, to set aside the sum 
of £100 as a provision for possible losses on Coast 
Advance Account, and carry forward the balances of 
£1,473 Is 4d, subject to the Directors' remuneration 
for the yeav under review and to the payment 
of Income Tax, &a. 
A sum of £1,575 spent upon permanent improve- 
ments durina the year has been debited to Reveaue, 
Your Directors are pleased to report that the total 
Crop of Tea for the year exceeded the Estimates 
by 64,518 lb. ; there were also increases of 64,091 lb. 
made fiom purchased leaf, and of 43,48B lb. made 
for others, the total excess amounting to 172,095 lb. 
It is a matter for regret, however, that the general 
