March l,l90i.J THE TROPICAL AGRICULTURIST. 
633 
NEBODA TEA CO., OF CEYLON LIMITED 
THE RUrORT 
was submitteil as follows : — 
ACREAGE. 
Tea in full bearing 
„ in partial bearing 
„ not in bearing 
231 acres. 
152 „ 
112 „ 
Total Tea 
Forest lanil, Ac. 
495 acres. 
240 „ 
Total . . 735 acres. 
The Directors submit their Beporc and Accounts 
for the year ending 31st December, 1900. 
The Crop secured' for the year was 194,600 lb., and 
was sold in Colombo at an average rate of cts. 28 82 
per lb., as against 35 09 for 1899. The cost of pro- 
dnctioD, including manuring, was cts. 22,176. 
Allowing for area pruned during the year, the Tea in 
fall bearing has maintained the yield of the previous 
year. „ 
The estimate for 1901 of 200,000 lb, made Tea is 
based upon the finer plucking already adopted. Com- 
pared to previous style of plucking this will effect a 
reduction of 20 per cent, in yield. 
The Directors recommend that the 69 acres pur- 
chased last year for fuel be sold, as the completion of 
the cart road to Neboda renders the ample forest 
reserve there available for firewood. 
The balance at credit of Profit and Loss Account 
was E13,609"63 which sum the Directors recommend 
should be disposed of as follows— to place R13,250 
to credit of Reserve Account as a set-off against Capital 
Expenditure for the year, and to carry forward the 
balance. t u 
In terms of the Articles of Association, Mr. Joseph 
Fraser retires from the Board, but is eligible for 
re-election. 
The Meeting will appoint an Auditor for the current 
year, ^ ^ 
KANAPEDIWATTE TEA COMPANY. 
THE RirORT 
The Directors beg to lay before the shareholders 
their report and accounts for the year ended Slst 
December, 1900, which they regret are not so satis- 
factory as in past years. 
The usual table shewing the crop, cost and average 
of the tea for the past three years is attached for 
eomparison. 
The crop was 13,879 lb. short of the estimate, 
which was in great measure due to abnormal rain- 
fall in July, August and September. 
The nett profits for the ye a.r amount to I120,065'98, 
which is equal to six per cent on the paid up capital 
of the company, as against 13 2-5ths per cent in 1899 
and 12 per cent in 1898. 
A sum of E660'70 has been written off for coast 
advances, which unfortunately could not be re- 
covered, leaving a sum available for distribution, 
after adding the balance brought forward from last 
year, namely R480-39, of R19,885-67. Of this sum 
B6,680 was absorbed by the payment of an in- 
terim dividend to the 30th June last of two per 
cent, and the Directors leave it to the meeting to 
decide what dividend shall be declared oat of tho 
available balance R13,205 67. 
In February last, Mr. Geo. Christie, one of the 
Directors (and also Manager of the nroperties of 
the Company) resigned his seat on the Board to 
proceed to England, and Messrs. W P Metcalfe 
and E M Shattock were appointed to act tempo- 
rarily in his place. 
He has now resumed charge of the estates and 
taken up his old position on the Board as a 
Director. 
In terms of tho articles of Association Mr. W 
Kingsbury resigns his seat on the Directorate, but 
is eligible for re-election. 
The Auditor, Mr. J D Forbes, offers his services 
for 1901. 
The report was adopted. 
From Estate Leaf. . 
From Bought Leaf., 
From Estate Leaf. . 
From Bought Leaf., 
Crop in 
lb. 
142,267 ) 
30,330 J 
172,597 
Crop in 
lb. 
151,030 ) 
38,565 J 
189,595 
Crop in 
lb. 
151,121 I 
52,195 1 
1898. 
Cost in Nett 
Colombo. Average, 
23 11 32-71 
1899. 
Cost in Nett 
Colombo. Average. 
21-92 36-16 
1900. 
Cost in Kett 
Colombo. Average. 
2,407 27-72 
From Estate Leaf. . 
From Bought Leaf. 
203,316 
It may be mentioned that the estate tea by it- 
•elf cost cts. 23-89 as against cts. 19-94 in 1899 and 
cts. 20-52 in 1898. 
It must be borne in mind, however, that applica- 
tions of manure cost cts. 1-39 per lb. of estate tea 
this year, or cts. 1-24 more than in 1899, 
THE KELANI TEA GAKDEN CO., LD. 
THE REPORT. 
ACREAGE. 
282 Atres Tea in full bearing 
52 „ planted 1890 
30 „ „ „ 1897 
34 „ „ „ 1898 
10 „ „ „ 1899 
14 „ „ „ 19. G 
313 ,, Reserve 
11 „ Ravines, Waste and Gi-asa 
746 Acres. 
The Directors beg to submit to the Shareholders 
the accounts of the Company for the year ending 
31st December, 1900. 
The crop secured amounted to 198,877 lb. made 
Tea, realizing R55,838-32 or an average price ol cents 
28'08 per lb., as against an expenditure exclusive of 
items under Capital Account of cents 20 92 per lb,, 
including Rl,843-77 spent on cost of Manure and 
application 
The balance at credit of Profit and Loss Account 
after allowing for depreciation of Buildings and 
Machinery is R6,319-99, which the Directors lecom- 
mend should be carried forward to next account. The 
Directors regret the unsatisfactory result of the year's 
working, which may be attributed to the adverse con- 
ditions of the Tea market prevailing for low-country 
Teas during the latter part of the year. 
The manufacture of the Tea also has been seriously 
interfered with during part of the year owing to 
alterations and jextension in the Factory, but these 
having now been completed, better prices may reason- 
ably be expected. 
The estimate for the current season is 200,000 
lb. made Tea, to be delivered into Colombo at a coat 
including manuring of cents 21.93 per lb. 
Mr. Fred. Hadden retires from the Board in terms 
of the Memorandum and Articles of Association, and 
being about to proceed to Enghmd does not seek re- 
election. It is suggested that Mr. F L Clments, 
