842 
THE TROPICAL AGRICULTURIST. 
(June 1, 1901. 
NUWARA ELIYA ESTATES COMPANY, 
LIMITED. 
REPORT OF THE DIRECTORS. 
The Directors beg to submit the Accounts of the 
Company to 31st December, 1900, to which is !ip- 
pended the Certificate of the Auditors. 
The Crop Account shows a working profit of £23,623 
63 lid, from which has been written off, as usual, 
the expenditure during the season on additions to 
Buildings and Machinery, of £2,352 14s 3cl, leaving 
a credit of £21,270 12s 8d, against £20,271 16s Id 
in 1899. 
The Profit and Loss Account, inolding the sum of 
£2,599 0 lOd brought forward from the previous season, 
shows a credit of £20,861 2s 3d. From this amount 
£2,000 has been written off the cost of the Estates, 
and £962 158 2d has been used to finally close the 
" Cost of Sundry Leases " Account. 
There remains for distribution 
the sum of.. ... .. £17,898 7 1 
An Interim Dividend of 3 per 
cent free of Income Tax, was 
paid on 11th October, 1900, ab- 
sorbing .. ..£6,000 0 0 
It is now proposed to pay a 
final Dividend of 4 per cent, 
free of Income Tax, making 7 
per cent for the year, which will 
absorb a further... ... 8,000 0 0 
£14,000 0 0 
And to carry forward the 
balance of ... ., ...£3,898 7 1 
The weather during the year was favourable to yield, 
and the Crop of Tea from the Company's Estates 
■was 1,458,911 lb. The average net price realized was 
8-66d against 8-62d in 1899. 
The average rate of Exchange foi' the year was la 
4yd per Rupee. The cost of placing the crop free o.n 
board Steamer, or delivering to buyers in Colombo, 
was 4'82d per lb., which cost includes Commission to 
Superintendents, the rent of leased lands, as also the 
upkeep of 172 acres Tea not in bearing. 
The following table shows the results of the working 
of the different E-states for the past year : — 
Acr 
eage 
in 
.£ M 
o3 
CD 
CD 
U 
bearing 
'■^ .a 
CD —1 
s 
1900. 
p 
CD !^ 
bD ^ 
Estate. 
O 
Par- 
tial. 
Avera 
per be 
ft * 
CD 4j 
g CD (D 
Tea. 
Profit 
bearin 
lb. 
lb. 
d. 
£ s d 
Park 
242 
22 
172,128 
652 
9-50 
14 6 8 
Portawood ... 
300 
20 
229,377 
717 
8-65 
11 1 8 
Naseby 
176 
15 
101,779 
532 
8'34 
6 0 1 
Pedro , .. 
345 
143 
312,722 
640 
8-20 
10 0 3 
Concordia ... 
288 
132 
220,693 
525 
917 
8 15 9 
Court Lodge.. 
302 
66 
200,711 
645 
9-23 
10 16 8 
Hethersett ... 
367 
25 
221,501 
565 
7-84 
6 13 0 
2,020 
423 1,458,911 
597 
8-66 
9.13 5 
The yield from Tea in full bearing was 644 lb. 
per acre, and that of Tea in partial bearing 371 lb. 
per acre, as compared with 605 lb. and 362 lb. res- 
pectively in the previous year. 
With young Tea coming into bearing in 1901, 
the acreage of the Company's properties stands as 
under : — 
Acres. Acres. 
Tea in full bearing ... 2,045 
do do leased lands .. 93 
do partial bearing .. 400 
do not yet in bearing ... 72 
Total land under cultivation with Tea 2,615 
Jungle, Patna and Scrub, and Fuel 
Trees, &c. . . ... 432 
The Reports received from Ceylon point to the 
Estates being in excellent condition, and the Directors 
desire to record their appreciation of the good work 
done by the Planting Staff and by the Company's 
Agents. 
The retiring Directors are Mr. Alexander Thomson 
and Mr. W Megginson, who, being eligible, oflEer 
themselves for re-election. 
Messrs. Cooper Brothers & Co., Chartered Account- 
ants, offer themselves for re-election as Auditors of 
the Company. 
By order of the Directors. 
Feith, Sands ife Co., 
London, 19th April, 1901. Secretaries. 
THE RANGALLA TEA COMPANY OF 
CEYLON, LTD. 
REPORT OF THE DIRECTORS 
^or the year ending 31st Diicember, 1900, to be sub- 
mitted at the annual general meeting of Bhareholders 
to be held at the Office of tbe Company, on Monday, 
29th April, 1901, at 11-3U a.m. 
The Directors beg to submit the Balance Sheet 
and Profit and Loss Account for the year 1900. 
The net profit for the year amounts 
to . . . . . . £1,458 12 11 
To which has to be added the balance 
brought forward from 1899 . . 333 19 8 • 
£1,792 12 7 
An Interim Dividend of 
two per cent was paid 
on 10th September, 190O, 
absorbing .. £440 0 0 
And the Directors now propose to deal with th« 
balance as follows : — 
1. In writing off from 
cost of Properties, as 
Depreciation of Machin- 
ery, &c, .. £500 0 0 
2. In payment of a 
Final Dividend (free 
of Income Tax) of two 
per cent (making four 
per cent for the year) 440 0 0 
3. In carrying forward 
the balance of .. 412 12 7 
£1,792 12 
The tea crop amounted to 218,572 lb., and the 
cardamoms to 1,828 lb. (or 1,664 lb. net), as against 
the original estimates of 220,00" lb. and 4,000 lb. 
respectively. The bonght leaf was 17,770 lb., making 
a total for the year of 236,342 lb. of tea. The saiej 
of tea show a net average price per lb. of 6-46 
pence, being equal to say, 39 cent per lb., the cost 
being 5'04d, or 30 cents per lb. f. o. b. Exchange 
for the Company's drafts during the year has 
averaged Is 4 39-64d, as agaiust exchange for 1899 
of Is 4 9-16d. 
The following tab'e 
gives tbe 
aare£ 
ige of 
the 
estates for the last five 
yeears : — 
1896. 
1897. 
1898. 
1899. 
1900 
Tea in full bearing 591i 
59li 
5914 
591i 
673 
Tea in partial 
bearing . . 63 
63 
90 
90 
22 
Tea not in bearing. 6li 
611 
34* 
34* 
21 
Cardamoms . . 5'j 
56 
56" 
55' 
46 
Cardamoms not in 
bearing . . — 
Grass and Felled 
10 
14 
38 
Timber . . 2.5 
25 
25 
25 
2c 
Forest and Waste 
Land .. 441 
444 
434 
430 
416 
3,047 
