June 1, 1901.] THE TROPICAL 
AGEiCULTURIST. 
847 
THE KANDAPOLLA TEA COMPANY, LTD. 
The report of the Directors for the year ending 31st 
December, 1900, states that the profit and loss account 
shows a profit on the woiliing of the estates of £4,40(t 
193 2d ; interest £66 12s lid : doubtful Coast advances 
recovered, £7 17s 2d ; transfer fees, lOs ; brought for- 
ward from last year, f 182 Ss 3d equal £4,658 7s 6d. The 
Directors have paid the interest on the debentures 
viz., £1,575 ; dividend on the preference shares for the 
year 1899, £1,878 ; home charges as per account, £36 
13s lid ; leaving a balance to be disposed of £836 ISs 
7d. The Directors propose to place to depreciation of 
machinery account, £250; carrying forward the balance 
£586 13s 7d. 
The result of the year's working, is, on the whole, 
satisfactory, taking into account the fall in the average 
price of Ceylon teas. The estimates for the year were 
based upon a yield of 480,000 lb. The crop resulted in 
a total of 484,379 lb., an increase of 4,379 lb. As com- 
pared with the preceding year the improvement is 
34,334 lb, and as compared with the yield for 1898, the 
increase is 114,3851b. During the year 110 acres have 
been manured chiefly with non-stimulating artificial 
manures, as recommended by Mr. Bamber, also 105 
acres have been treated by applying Basic Slag. The 
cost of this has been included in the current expendi- 
ture. The cost of production averages 34'31 cents per 
lb. of made tea. The amount realised by sale, works 
out at 47'51 cents gross, the gross profit being 13'20 
cents per lb., as compared with 14'20 per lb. last year. 
The estimates for the current year were prepared be- 
fore the scheme for reduction of output of Indian and 
Ceylon teas was brought forward, and will have to be 
revised. The Directors propose to cordially co-operate 
in any scheme of united action which is supported by 
both India and eylon, provided that sufficient support 
is forthcoming to assure success. The labour supply 
and coast advances are reported as in a satisfactory 
position on all the estates belonging to the Company, 
The buildings and machinery have also been main- 
tained in their usual good order and repair. With a 
view to necessary renewals and the provisions of a 
machine on cue estate for the manufacture of green 
teas, the Board have, for the first time, decided to write 
down 5 percent, from the value of machinery. A bonus 
of £100 has been paid to the superintendents, as shown 
in the accounts. 
Mr. E. A. Bosanquet, the Director who retires by 
rotation, being eligible, offers himself for re-election. 
The appointment of Auditors rests with the stiare- 
holders. 
THE BATTALGALLA ESTATE COMPANY, 
LIMITED. 
THE REPORT OF THE DIRECTORS 
for the past year states that they are pleased to be 
able to give again a generally satisfactory account. 
The increased production has necessitated a con- 
siderable outlay for new machinery, but the 
Factory is now thoroughly equipped to cope with 
the larger output, and no further expenditure is 
likely to be incurred under this head for some years 
to come. The quantity manufactured shows a 
considerable increase on the past year, totalling 
274,556 lb, against 224,803 lb in 1899. The average 
selling price in Loudon has been 8"38d per lb, 
against 8'48d in 1899, and in Colombo 36 cents 
against 37 '04 cents in 1899. The total crop 
averaged a selling price of 7"85d, against 8'22d last 
year. London sales were 169,285 lb, netting £5,128 
128 2d, and Colombo sales 104,925 lb, realizing 
R37,737-9.'). This compares with 191,350 lb, netting 
£5,835 7s, and 32,600 lb, realising R12,075-20 in 
1899 in London and Colombo respectively. Ex- 
change for drafts has averaged Is 4 7-16d, against 
Is i 13-32d iu the preceding year. An interim 
107 
dividend of 5 per cent, on the shares, free of income 
tax, was paid in September last, and there is now 
a balance at credit of profit and loss account of 
£766 14s Id, from which the Directors propose to 
pay a further dividend of 5 per cent, free of in 
come tax, absorbing- £750, arid to carry forward 
£16 4s Id. In accordance with the Articles of 
Association, Mr. C A Reiss retires by rotation, 
and, being eligible, offers himself for re-election. 
1 he Directors are very sensible of the services 
rendered to the Company by their estate Superin- 
tendent, Mr G C R Norman, who has handled a 
very large crop with unceasing attention and 
efficiency. In tendering him and his assistants 
their very best thanks, the Directors desire also to 
express their appreciation of the valuable services 
rendered to the Company by their Colombo Agents. 
Messrs. E Benham & Co. 
BANDARAPOLA CEYLON COMPANY 
LIMITED. 
EEPOHT OP THE BOARD OP DIRECTORS 
t:i-^u.,^^ presented to the Shareholders at their 
Fu'^T^ffi "^""."^l Ordinary Meeting, to be held at 
iom . o Company, on Wednesday, 8th May, 
1901, at 6 o clock, p.m: 
The Directors beg to submit to the Shareholders 
the Accounts and Balance Sheet for the year ending 
Sttacher^"" ^aditor's Certificatl 
After payment of Debenture Interest and all other 
charges, there remains a net profit for the vRar nf 
£822 13s which with £211 18s. 5d, brought forward 
from last Accounts, gives a total sum of ^1 034 Ha 
5a. to be dealt with. 
• 's proposed to write off the Capital Expenditure 
ncurred during the year, viz., £626 13s. Id and 
to carry forward the balance of £407 18s 5d M 
next Accounts. " 
In view of the period of severe depression through 
which the Tea Industry has been passing the 
serious shrinkage in profits disclosed by the Accounts 
now published will not be altogether unexpected 
but as a result of the steps already taken-in 
common with other Proprietors-to restrict the out- 
put and improve the quality of the Tea produced 
your Directors confidently look for better results 
during the current year. results 
4ft?«9''yhP''^''°°r'^ season amounted to 
487,432 lb. Tea (including 8,850 lb from h,^,^r,hi 
leaf,, and 267 cwts 1 qr. I'b. Cocoa, berng^36 l27 
89^ Th. r''- ^ "^f- ^ respectively ifss than 
1899. The average return from all Tea in full and 
partial bearing was 612 lbs. per acre, and the average 
price realized was 5-512d. against 6'633d. during ?fe 
previous twelve mouths. "unug me 
A few acres of land have been acquired dui-ino^ 
the year, and the holdings of the Company are now 
approximately as follows ;— ^ 
Tea in bearing .. 709 „„„„„ 
Tea not in belring . . "l acres. 
Cocoa in bearing \\ 224 " 
Grass, Ravines, cfec. .. [] 12 " 
Reserve, Jungle, &c . . " 525 " 
Total Acreage . , 
1,549 acres. 
On the death of Mr. Fraser, it was deemed advisable 
to appoint a Visiting Agent to furnish nflJ;J!ii . 
reports on the CompW' propertnnd Zl'f^l 
1 
