280 
THE TKOPIOAL* AGRICULTURIST. [Oct. 1, 1902. 
ST. HELIER'S TEA COMPANY, LTD. 
ANNUAL nurORT. 
ACREAQE. 
250 acres in bearing. 
29 do planted in 1SS6. 
34 do planted in 1898. 
313 acres. 
114 acres Jangle, &c. 
Total 427 acres. 
The Directors have now the pleasure to submit 
their Tenth Annual Eeport to the 30th June last, 
from which it will be seen that the debit balance of 
Rl,776-41. being loss on last year's working, has 
been wiped out and a small credit balance of R9919 
remains in hand to be carried forward. 
The crop, which was originally estimated at 
105,000 lb. of made tea, haa turned out. only 97,288 lb , 
realising an average price of 3i'66 per lb-, as against 
33'03 last year. 
The cost of tea in Colombo, exclusive of the sum 
of Rl,453*06 expended on capital account, works 
out at 24-43 cents per lb.,'as against 28'05 cents per lb. 
last season. 
With reference to the loan of £3,000 on the 
security of the Company's estate, the mortgagees 
having decided to call this up on 15th October 
next, and the Company not being in a position 
from a financial point of view to meet the same, steps 
are being taken to replace the mortgage ; and it is 
not ancioipated that there will be any difficulty in 
so doing. 
Mr H G Bois retires from the Board by rota- 
tion ; but, being eligible, offers himself for re- 
election. 
The shareholders will have to elect an Auditor 
for season 1902-03.— By order, 
BOIS BROTHER & CO., Agents amd Secretaries 
WANARAJAH TEA COMPANY OF 
CEYLON, LTD. 
EEPORT OF THE DIRECTORS. 
Acreage. 
1,028 acres 
12 do 
20 do 
1,060 acres in tea. 
20 do. 
27 do. 
Tea in bearing 
Planted in 1896 
Do 1898 
Timber Trees 
Forest 
Grass not available . . 
27 do. 
Total .. 1,134 acres. 
The Directors have the pleasure of presenting to 
the shareholders the report, balance sheet and 
profit and loss account for the year ending 30th 
June, 1902. 
The crop harvested amounted to 442,887 lb., against 
an estimate of 440,000 lb, The crop for 1901 
was 436,945 lb. 
351,617 lb. have been sold at an average of 44'70 
cents. 
Manure — The estimate provided for 370 acres. 
The acreage completed was 389, at a cost of 
R10,077-23. 
Factoky and Machineet.— During the past season 
the Factory has been extended, and the Jtfachinery 
increased at a cost of R12,907*32, which amount is 
debited to capital account. 
After paying off an interim dividend of 5 per 
Gent, and allowing 5 per cent depreciation on build- 
ings and 10 per cent on machinery, there remains 
the' inm of R76,8S4'03, including th< balance 
brought forward, R36,087"77, which the Diretois 
recommended to be applied as follows : — 
To a final dividend of 10 per cent, making 
a total of 15 per cent for the year R37, 80000 
To be carried forward . . . . 38,084-03 
R75,884-03 
The estimated crop for season 1902-1903 is 
450,000 lb. of made tea. 
The Visiting Agent's reports can be reen by 
shareholders at the Company's Offices. 
Mr .T W Vanderstcaaten retires from the Board 
by rotation, but is eligible for re-election. 
The election of an Auditor for the curreat season 
Bests with the shareholders- — By order of the Board, 
BAKER & HALL, Agents and Secretaries. 
CLUNES ESTATES CO. OF CEYLON, LTD, 
report of the directors. 
Clunes Division. 
Superintendent :— R. O. De Saram, Esq. 
Tea in bearing .. 390 acres. 
Forest ... ... 174 do. 
Total .. 564 acres. 
Erracht Division. 
Superintendent : — B. AUeyn, Esq. 
Tea in bearing .. 501 acres. 
Forest and Waste land ... 244 do. 
Total 
745 acres. 
Grand total ... 1,339 acres 
The Directors now submit to the shareholders the 
accounts and balance sheet of the Company for the 
year ending 30th June, 1902, 
The total quantity of crop secured amounted to 
364,941 lb. of tea a very disappointing result, be- 
ing 88,059 lb. short of the estimate. 'The shortage 
was mainly due to the unfavourable flushing 
weather experienced in the first six months of the 
financial year. In spite of the smaller yield the 
cost of production compares well with most other 
estates in the District i. e, 21*17 cents per lb., 
whilst the nett average price realised was 29-03 
cents per lb., against 25'60 cents per lb. obtained 
last year. 
Capital Expenditure was incurred to the extent 
of R5,346-83 in providing increased withering ac- 
commodation on Erracht estate. 
Depreciation of buildings and machinery is sllawed 
for on the usual scale, and the*Directors consider 
it advisable to put aside a sum of Rl,500 against 
doubtful Coast advances. 
After making the provisions alluded to above 
the result of the year's working shews a nett 
profit of R14,804'09. To this must be added the 
balance brought forward from last year, bringing 
the total to credit of Profit and Loss Account to 
R19,17510. 
In view of the present uncertainty regarding the 
immediate future of the Tea Market, and taking 
into consideration a rather sharp attack of helo- 
peltis from which Clunes estates is at present 
suffering, the Directors consider it advisable to 
transfer R15,000 to Extension Fund, (thus obviat- 
ing the necessity of borrowing money on capital 
account) and to carry forward the balance i.e. R4,175-10 
to current year's account. 
No Capital Expenditure is anticipated for this 
year, and the crop ia estimated at 417,400 lb. of tea 
against a Working Expenditure of S2,918 37. 
In terms of the articles of Association Mr V A 
Julius now retires from the Board but ia eligible 
for re-election. 
The appointment of an Auditor for the current 
year will rest with the meeting. — By order of the 
Directors, Whiiiall & Co., Agents and Secretaries 
