June 1, 1901. J THE TROPICAL AGRICULTURIST 865 
LIBERIAN COFFEE ESTATES, UPPER 
SERDANG, EAST COAST OP SUMATRA. 
Name of 
Estate. 
Balyewa 
Bangoen Poerba 
s 
ft 3 
-a 
ft d 
pl-^ 
a ^ 
a 
12 
Included 
50 
a 
500 
»° ft 
a) o <u 
m W DQ 
o 55 o 
1S5 
50 
Qreahan 
BaDdar Maria 
Damar Gloegoer ... 
Bah Blua 
Sialang 
Batve Gingging ... 
Begarpang 
Namoe Bambei ... 
Soengey Karang ... 
Kotangan 
Soengey Karei 
Tanah Abang 
Soengey Poatih ... 
Soengey Gslang ... 
Sey. Galang Barat 
Serbadjadi 
Bandar Kwala 
Gallia 
Damar Gloegoer Kiri 
Sekalveni 
Bambey Estate 
Daigydale 
1,750 
576 
1,950 
40 
6 
420 
580 
400 
500 
30 
200 
296 
280 
200 
10 
20 
1,300 
254 
25 
54 
in Damar 
Gloegoer 
1,650 4,000 
700 
2,000 
200 
65 
500 
600 
600 
600 
300 
200 
360 
480 
100 
50 
150 
1,400 
850 
120 
2,500 
5,000 
600 
400 
2,000 
3,000 
1,500 
2,000 
1,000 
1,000 
800 
1,300 
400 
200 
1.000 
3,300 
1,000 
.500 
200 
100 300 
200 20 — 
300 — — 
265 — — 
200 — — 
200 — — 
120 40 20 
200 10 — 
330 120 — 
320 80 — 
180 — — 
220 80 — 
150 25 25* 
90 — - 
156 10 - 
65 — — 
40 — — 
270 — — 
300 50 — 
60 30 — 
200 30 — 
Total. 
* Not certain. 
8,895 10,575 32,700 4,021 495 45 
m w n 
0 rx3 
■"' a 
a 13 
— a 
tn cS 
<D CD 
'■ O 
Clean Coffee. 
h5 
■*a ^ -i^ 
UDAGAMA TEA AND TIMBER COM- 
PANY LIMITED. 
REPORT OF DIRECTORS. ^ 
The Directors have now to submit their report 
for the 12 months, ending 31st December, 1900. 
Tea.— The estimate for the year was 170,000 lb., 
but of this only l.S7,1761b. were obtained. The 
Superintendent attributes the deficiency to abnor- 
mally wet and windy weather, chiefly during the 
latter part of the year, 
A very wet season was experienced. Frequent 
floods caused considerable damage to roads and 
bridges, materially increasing the cost of transport. 
Owing to these exceptional causes the Tea cost 
30'65 cents per lb., and in consequence of the un- 
usual condition of the markets realized only 25 69 
cents the result being a loss of 4-69 cents per lb. 
or after deducting one or two small assets a net 
loss of K6,567-32. 
The estimate for this year provides for a crop 
of 160,000 lb. with fine plucking. As the new 
clearings are now coming into bearing, this should 
be obtained. 
The cost of this Tea should be about 23 cents 
per lb. and, as the plucking will be fine, with careful 
manufacture it should sell well. 
The Saw Mills — at Gintotahave worked suc- 
cessfully and showed a profit of 1115,461'71. The 
Directors anticipate an annual profit from this 
source in future. 
The Directors have thought it advisable to write 
off a sum of K32,858'33 for depreciation of machin- 
ery, roads, tools, &c. 
A sum of R12,563'00 is-' due to the preference 
Shareholders when a sufficient profit has been 
made to meet it. 
It is the duty of the Shareholders to appoint an 
Auditor for 1901, and a Director in place of Mr 
H Creasy who retires by rotation, but is eligible 
for re-election. 
Owing to the loss in working of the Company's 
Tea Estates and the heavy interest payable to the 
Debenture holders, the Directors regret to inform 
the Shareholders that the year's working shows a 
loss of R6,928'75. Unless money can be borrowed 
at a lower rate of interest, they feel bound to 
advise that the Company be wound up. One half 
the loan, secured by debentures, falls due for pay- 
ment in June next, viz, K75,000, and, unless pro- 
vision can be made for the paymsat or renewal 
of this loan, it will be impossible to carry on the 
Company, and the debenture holders will be forced 
to fore-close and takeover the property. 
PROPERTY OF THE COMPANY. 
At Udugama. Approximate Acreage. 
Tea. Maminadola 330 acres. 
,, Saumarez and Ginidomine 300 ,, 
,, Homadola 140 ,, 
Jungle 7,000 „ 
At GrNTOTA. 
Saw Milk fully equipped with Tea-box machinery. 
SCOTTISH CEYLON TEA COMPANY, 
LIMITED. 
REPORT OF THE BOARD OF DIRECTORS. 
To be presented bo the Sliareholders at their 
Twelfth Annual Ordinary Meeting, to be held 
at the office of the Company, on Thursday, 9th 
May, 1901, at 12 o'clock noon. 
The Directors have pleasure in submitting to the 
Shareholders the Accounts and Balance Sheet for the 
twelve months ending 31st December, 1900, with 
Auditor's Certificate attached. 
The net profits for the year £ ' s d £ b d 
amount to £5,318 14s Id, 
which, with £462 16s brought 
forward from previons Ac- 
counts, gives a total to be 
dealt with of ... 5,781 10 1 
An Interim Dividend on the 
Ordinary Shares of 5 per 
cent (free of Income Tax), 
paid in September, 19C0, 
amounts to ... 2,050 0 0 
Dividends on the 7 per cent 
Preference Shares have also 
been paid, absorbing ... 630 0 0 
It is now proposed to pay a 
Final Dividend on the Or- 
dinary Shares of 5 per cent 
(free of Income Tax) making 
10 per cent for the year ... 2,050 0 
To write off the Capital Ex- 
penditure incurred during 
1900 
Leaving a balance to carry 
forward to next Account of 
687 16 8 5,367 16 8 
£413 13 5 
