Dec. 1, 1909.] • THE TROPICAL AGIilCULTURIST. 
419 
THE CENTRAL PROVINCE CEYLON 
TEA COMPANY, LIMITED. 
REPORT OF THE DIRECTORS. 
to be submitted to the Bbareholders at their sixth an - 
nnal ordinary general meeting to be held in the Conncil 
Boom, London Chamber of Commerce. Botolph House 
Eastcheap. E.G., on Monday, the 3rd November, 1902, 
at twelve o'clock noon. 
The Directors beg to snbmit to the shareholders the 
andited acconnts for the year ending 30th June, 1902. 
The total crop of tea from the estates for the past 
aeoson was 803.3151b. against 809,8581b. of the preceding 
year, being a decrease of 6, .5131b. 
The total sales, including bought tea, were 1,049, 0241h 
averaging 5-279d. per lb. net being •0G2d less than last 
year. 
As regards cocoa, the crop amounted to 584 cvtts., 
againSl 521 cwts. last year, the average price being 
i2s 5d per cwt. as against 66s ICd. Although the 
quantity has been larger the profits was very much 
less owing entirely to the fall in price. 
There were during the season 02 acres of tea not yet 
in full bearicg. 
The rate ot exchange, averaged Is 4-20d per rupee, 
being practically the same as last year. 
The net profit for the year amounts to £2,960 153 Od 
after writirg off £503 from estates account for de- 
preciation, which with £1,769 93 2d brought, forward 
from last year, shows a sum of £4,720 43 2d to be 
dealt with. Of this amount £1.500 has been applied 
to the payment of an interim dividend at the rate of 
6 per cent per annum on the perference shares to 3lst 
December, 1901. The Directors now recommend a 
dividend of 6 per cent per annum on the perference 
shares to 3oth June, 1902 absorbing £1,500 and leaving 
£1,720 4s 2d to be carried forward to next account. 
Some 50 acres of tea are being put out of cultivation 
as being unremunerative at present prices. 
Mr F M Mackwood is the Director retiring by 
rotation, and being eligible, ofiers himself for re- 
election. 
Messrs. Puller, Wise & Fisher, chartered 
aocoantauts, offer themselves for re-electon as 
auditors. 
THE CAROLINA TEA COMPANY OF 
CEYLON. LIMITED. 
Tenth annnnl report ot the Directors to be sub- 
mitted at the tenth annual general meeting of 
shareholders, to be held at the Offices of the Agents, 
Messrs. Frith, Sands & Co., Winchester House, Old 
Broad Street, E. C, on the 30th October, 1902. 
Your Directors beg to submit the Balance Sheet 
and profit and loss account for the year ending 3Gth 
June, 1902. 
The Nett Profit is £6,657 8 5 
Amoiint brought forward from last 
year at credit of the Ordinary Shares £306 0 9 
From which has to be deducted Deben- 
ture Interest 
Leaving an available balance of . . 
which it is proposed to appropriate 
as follows : — 
To Reserve Fund .. £1,200 0 0 
To a Dividend on the Or- 
dinary Shares of 5 per 
cent (of v/hich 2 per 
cent was paid on 24th 
April, 1902) . . 2,600 
£6,963 15 2 
2,450 0 0 
£4,513 15 2 
0 0 
3,700 0 0 
The Crops secured daring tho season compare as 
follows with those of previous seasons : — 
Tea from Tea from Coooa from 
Estates. Purchased Leaf. Estates, 
lb. lb. cwts. 
1901.19''2 .. 9.57,954 47.827 574 
1900-1901 .. 9.53,399 29,575 466 
1899-1900 .. 1,131,3.33 43,195 414 
1898-1899 .. 961,757 32,862 555 
The cost of the Tea cr p has been reduced to 
4'39d per lb. free on board Colombo, as against 4 78d 
for the two previous seasons. The average gross sale 
price of Tea has advanced to 6 99d per lb. from 
the low average of 6 34d in the preceding 
season. A large crop of Cocoa has been secured, but 
tho market continued more or less unfavourable 
throughout the season. Tho total area of land now 
under cultivation is 2,608 acres, comprising: — 
Tea in full bearing 1,801 acres. 
Tea in partial bearing 630 ,, 
Cocoa, Ccffee, &c. 
2,431 acres. 
. 177 ,, 
2,608 „ 
Owing to better market conditions during part of 
the year's working for the lower grades of Tea, and, to 
some extent, the improved quality of the Tea produced 
by the Company, the nett result "of the past season is 
more satisfactory, enabling the Directors to write off 
from Eevenue sums, amounting to £190 17s lOd and 
to recommend the usual sum of £1,200 being placed 
to Re-serve. The Reports received from Mr Meggin- 
BOn, who is now visiting the Company's Estates, are 
of a satisfactory character. The Estates having been 
constantly maintained in a high state of cultivation 
has enabled the management to cope with the de- 
pressed condition of the Tea Industry by reducing 
appreciably the cost of the season's production of 
crops ; but the policy of reverting to higher cul- 
tivation involving some increased expenditure 
in order to keep the properties in thoroughly sound 
condition, may be necessary, and has the careful 
consideration of your Board. The manufacture of 
Green Teas suitable to the requirements of foreign 
markets has been engaging the attention of your Dir- 
ectors, and this business is now being carried out on 
satisfactory terms. Your Directors have to express 
their satisfaction with the work of the Staff in the 
Company's employ, and with the Agents in London 
and in Colombo. The Directors retiring by rotation 
are Mr C A W Cameron and Mr H St. J Oscar 
Thompson, who, being eligible, offer themselves for 
re-election. 
H. St. J. Oscar Thompson, Director. 
London, 8th October, 1902. 
And to carry forward to the credit of 
the Ordinary Shares 
53 
£813 15 2 
THE LANKA PLANTATIONS CO., LTD, 
Directors : — George Allen, Esq., Chairman 
William Austin, Esq., Henry Bois, Esq., and Edward 
Pettit, Esq. 
Agents in Colombo — Messrs J M Robertson & Co. 
Secretary — Mr. Charles M Robertson. 
Authorised Capital £200,000 in 15,000 ordinary 
shares of £10 each, and 5,000 preference shares of 
.£10 each, of which latter only 1,470 have been 
issued. 
Report to be presented at the Twenty-second 
ordinary general meeting of the Lanka Plantations 
Company, Limited, to be held at the Office of the 
Company, on Wednesday, the 12th November, 1902, 
at twelve o'clock noon precisely. 
1. The Directors now submit their Report for 
the twelve months ending 30th June lest, together 
with the balance sheet and acconnts of the Company 
made np to that date and duly audited. 
2. The coffee crop amounJel 'o 3;.0 cwt. and 
realised £1,323 19s Id. Last year the crop was 
