May 1, 1901.] THE TROPICAL AGRICULTURIST. 
789 
THE KANDYAN HILI S COMPANY, LTD. 
The report is as follows : — 
ACREAGE STATEMENT : 
Tea in full bearing 352 acres 
Partial ,, 58 „ 
Planted in 1900 25 „ 
Cocoa 
Keserve Land 
435 acres 
90 „ 
785 „ 
Total 1,310 acres 
The Directors beg to present their report for season 
ended 31st December, 1900, together with a duly 
audited statement of Hccounts for the same period. 
The tea crop, including bought leaf, amounted to 
227,611 lb ; and we secured 130 cwt of cocoa. 
The tea gathered from the Estate itself was 182,013 
lb, an advance of 22,013 lb over estimate, while the 
bought leaf represented 45,598, a total of 227,611 lb ; 
the two together costing 24 73 cts per lb to produce. 
Taking Pansalatetine alone, the c'jst of placing the 
tea on the market was 22 27 cts per lb including 
2-31 cts a lb for manure. 
Prices were fairly good until the close of the year, 
when, with a large quantity of tea to sell, the market 
became greatly depressed, the results being a serious 
falling off in receipts, which has affected the profits on 
the season's working. 
The surplus, after meeting all estate expenditure, 
represents a sum of R12, 300-55, and after paying in- 
terest and other charges and providing a sum of 
R3,809'66 for depreciation, there rem lins a balance of 
Rl,414'38, which the Directors recommend being 
carried forward to the new year. 
During the season under review a sum of R15,970'87 
has been spent on a Pelton Wheel Installation and 
other improvements to the factory, and R4,427'07 on 
the planting and upkeep of young tea. No further 
extensions are at present contemplated, and it is 
thought that the factory is now sufficiently equipped 
for the crops of the near future. 
The new season's estimate of expenditure is based 
on a crop of 200,0001b of tea at a cost of K43,481, 
including Rl,800 for manure and 180 cwts. cocoa 
costing R3,760. 
Mr. Edward B Grigson retires from the Board of 
Directors by rotation, but is eligible for re-election. 
The appointment of an Auditor rests with the 
meeting. 
THE TYSPANE TEA COMPANY, L[Mirp:D. 
THE REPORT. 
To be presented at the fifth ordinary annual 
general meeting of the Tyspane Tea Company, Lim- 
ited, to be held at the offices of the Company, 12, 
Fenchurch Street, Loudon, E.G., on Wednesday, 10th 
April, 1901, at 2-30 p.m. 
The Directors have the pleasure to submit the 
Balance sheet and Accounts of the Company for the 
year ending 31st December 1900, duly audited. 
With the deepest regret the Directors record the 
great loss that the Company has sustained through 
the death of iNIr Walter Sandys Thomas, late Man- 
aging Director in Oeylon. 
Compared with last year, the Profit and Loss Ac- 
count shews increased expenditureandreduced receipts, 
but the former includes the sum of about £720 spent 
on Factory extension and up-keep of new clearings, 
which migiit legitimately have been charged to Capital 
instead af Revenue, had the Directors not deemed 
it inadvisable to do so in existing circumstances. The 
reduction in nett proceeds is due to the fail in the 
yiSixk^ii of medium teas, 
The total crop amounted to 252,373 lb. Tea, which 
averaged 5'72d per lb. nett, against 258,370 lb. last 
yefir, netting 6'24d per lb. 
Exchange averaged 1/4 5-16th per Rupee against 
1/4 23-64th last year. 
The Net Profi.t for the year, 
after payment of the In- 
terest on Debentures, is £501 11 11 
To which has to bs added 
the balance brought for- 
ward from last year of 214 15 4 
£716 7 S 
The Directors propose to pay 
a Dividend of three per 
cent, requiring . . 540 
And to carry forwai d . . 176 
U 0 
7 3 
£716 
7 3 
Blr John Philip Herringham, the retiring Director 
offers himself for re-election. The Auditor, Mr J 
Hamilton Alston, also offers himself for re-election. 
—By order of the Board, Robertson Bois& Co., Agents 
and Secretaries. 
London, 1st April, 1901. 
The acreage of the Estates is ss follows : — 
Tea in bearing ... ..687 acres 
Tea in partial bearing .. ... 6 do 
Tea planted in 1896 .. ... 47 do 
do do lb97 .. ... 10 do 
do do 1898 .. ... 28 do 
do do 1899 .. .. 4 do 
Timber clearings ... ... 22 do 
Jungle ... I , do 
Scrub, &c. 
164 
968 
do 
KELANI VALLEY TEA ASSUCL-VTION, 
LIMITED. 
Report of the Board of Directors. To be presented to 
the Shareholders at the Fifteenth Ordinary General 
Meeting, to be held at the Office of the Company, on 
Monday. 15th April, 1901, at 12 noon. 
The Directors beg to submit to the Shareholders 
the Report and Accounts of the Company, duly 
aurtited, for the year ending 31st December, 1900. 
The total crops from the Company's four Estates 
amounted to 662,248 lb. against 675 255 lb. in 1899 ; the 
average price realised was 5'794d per lb., against 7d., 
and the average rate of exchange was Is 4 27-64d 
as compared with Is 4 25-64d for tne previous year. 
Owing to the very depressed condition of the Tea 
Market during the last six months of the past season, 
tiie profit earned for the year under review comparer 
most unfavourably with that secured in previous 
years, but, with an improving Market, a natural short- 
fall in crops, and the steps now being generally taken 
to further reduce output and improve quality, your 
Directors have good reason to expect that very 
different results will be shewn for the current, and, 
it is to be hoped, succeeding seasons. 
Including £419 2s 5 brought forward from 1899, the 
net profit for the past year amounts to £1,019 14g., 
from which has to deducted the Interim Dividend of 3 
per cent., £562 19s paid in September last, leaving 
£456 15s., available, and this sum is proposed to carry 
forward to next season's account. 
Debentures to the amount of £2,100 which matured 
on the 1st January, 1901, have been renewed for a 
further period of five years at 5 per cent per annum. 
Two vacancies have occurred on the Board, one 
caused by the resignation of the Hon. D A C Scotfc, 
on account of ill-health, the other by the regretted 
death of Mr. Donald Andrew. 
It is not proposed at present to fill the first-named 
vacancy, but, to occupy the seat of their deceased col- 
league, Mr. Donald Andrew, your Directors have 
appoiated Mv, George Gray Aaderson, who, ia accord. 
