June I, 1901.] THE TKOPICAL 
AGEICULTUEIST. 
839 
THE STANDARD TEA COMPANY OF CEYLON, 
LIMITED. 
TENTH REPORT OF THE DIHECTOES, 
To be submitted at the general meeting, to be held 
on Thursday, 25th April, 1901, at noon, at the of&oes 
of the Company. 
The Directors submit Statement of Accounts io 
31st December, 1900. 
The Profit and Loss Account shows a profit on the 
working of the Estates in Ceylon of £14,085 33 9d, 
which, with the amount brought forward from last 
year, less interest and home charges, shows a sum of 
£12,948 Is 3d available for division. In August, 1900, 
the Directors, under the powers entrusted to them, 
distributed an interim dividend for the six months 
ending 30th June, 1900, of 5 per cent (10 per cent per 
annum), absorbing £2,975. They now recommend a 
Dicideud at the rate of 10 per cent (mayng 15 per 
cent for the year) absorbing £5,950 ; the placing 
£1,400 against reserve, and £1,400 against deprecia- 
tion ; and the carrying forward to the next year 
£1,223 Is 3d. 
The Coffee crop was 225 cwt.; it realised abo^^t £700. 
The Tea crop was 1.129,7581b., against 918,148 1b. 
in 1899. 
The average Exchange for the Company as drawers 
in Colombo was 1/4 7-32 against 1/4 9-32 in 1899, and 
1/4 5-32 in 1898. 
Prices for Ceylon Teas were again generally lower 
this last season. Of the Company's Teas produced 
during 1900; those from the St. Leonard's factory 
sold at about the same average price as the 1899 
Teas f those from Gordon, Id per lb. lower ; those 
from Gouravilla, g per lb. lower. 
The Company's properties at the close of 1900 were 
8,466 acres, with 2,150 acres of Tea considered in full 
bearing, viz.:— 
Tea 
bearing. 
AcEea, Acres. 
In Udapussellawa— St. Leonards 
and Coneygar... 902 530 
Liddesdale.. 814 200 
Eskdale .. 240 227 
Gordon .. 386 304 
Tulloes .. 419 275 
In Up. Maskeliya — Gouravilla 
and Up. Cruden 705 614 
There are also 318 acres Tea in partial bearing, 
and some 41 acres in addition planted with Tea. Mr. 
Eobert Kay-8huttleworth. the' Director, who retires 
by rotation, being eligible, oiiers himself for re- 
election. 
By order, A Trafpord Brooke, Secretary, 
26, Fenchurch Street, London, lith April, 1901. 
KELANI VALLEY TEA ASSOCIATION, 
LIMITED. 
REP«RT OF THE BOARD OF DIRECTORS. 
To be presented to the shareholders at their 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 
audited, for the year ending 31st December, 1900. 
The total crops from the Company's four estates 
amounted to 662,248 lb. against 575,255 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 1 4 25-64d for the pre- 
vious year. Owing to the very depressed condition 
of the Tea Market during the last six months of 
the past season, the profit earned for the year under 
review compares most unfavourably with that secured 
in previous years, but with an improving market, 
9i natural shortfall in crops, and the steps now 
106 
being generally taken to further reduce output an<J 
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 5d brought forward from 1899, 
the net profit for the past year amounts to 
£'1,019 14s, from which has to be deducted the 
Interim Dividend of three per cent, £562 193 paid 
in September last, leaving £456 15s, available, and 
this sum it is proposed to carry forward to next 
season's account. 
Debentures to theamount of £2,100, which matured 
on the 1st January, 1901, have been renewed for 
a further period of five yeas at five per cent per 
annum. 
Two vacancies have occurred on the Board, one 
caused by the resignation of the Hon. D A 0 Scott, 
on account of ill-health, the other by the regretted 
death of Mr. Donald Andrew. 
It is not proposed at present to fill the firgt- 
named vacancy, but, to occupy the seat of their 
deceased colleague, Mr. Donald Andrew, your Direc- 
tors have appointed Mr. George Gray Anderson, 
who, in accordance with the articles of Association, 
retires from the Board at this time, and being eligible, 
offers himself for re-election. 
Mr. J B Laurie, C.A., also offers himself for 
re-election as Auditor. 
G. W. Painb, Chairman. 
16, Philpot Lane, Iiondon, E.O., ord April, 1901. 
THE EASTERN PRODUCE AND ESTATES 
COMPANY, LTD. 
Report, to be presented at the Fourteenth Ordinary 
General Meeting, to be held at Winchester House, 
Old Broad Street, at 12 o'clock noon, on the 84th 
April, 1901. 
The Directors submit Report and Balance 
for the year ending 31st December, 1900. Sheet 
The profit for the year is £19,723 173 Id, which, 
added to ^9,807 7s 8d, balance from last account, 
amounts to . . . . £29,531 4 9 
From this has to be deducted :— 
Interest on Debentures £3,937 10 0 
Debentures for £7,500 
drawn and paid off, 
with bonus of 5 per 
cent, on 31st Dec. 
1900 ... ... 7,875 0 0 
Interim Dividend of 2^ 
per cent on Preferred 
and Ordinary Sliare 
Capital, paid 5th Nov. 
1900 .. .. 7,475 1 6 
19,287 11 6 
10,243 13 3 
leaving a balance of ... 
which It is proposed 
to apportion as fol- 
lows : — 
Fioal Dividend on the 
Preferred Shares of 2J 
per cent, making 5 per 
cent for the year, and 
on the Ordinary Shares 
of 1 per cent, making 
3i per cent for the year 3,001 6 6 
Balance to be carried 
forward as provision 
for retirement of IDe- 
bentures in the current 
year .. .. 7,242 6 9 
£10,243 13 3 
It may not be out of place to remind the Share- 
holders that of the balance of £80,000 Debentures, 
now outstanding, in terms of the issue only £30 OOO 
have to be paid off compulsorily out of prolita by 
