422 
TttE TROPICAL AGElCULTUIilSt. [Dec. 1, 1902. 
AcBEAGKs, — The following 
proximate acreage of the 
date :■ — 
Statement shows the ap- 
Oompany's Properties at 
N^me of Estate. 
CO o a 
Allowiharie Group — 2l4i 
Andangodde Estate — 176J 
Fetteresso Estate 5 405 
New Peradeniya Est— 386t 
North Matale Group — 407 
Owella Estate — — 
Bickarton 2 538 
Strathisla Group 39 J 220 
Forest Land — — 
46123461 
O O » 
o o ^ 
319 28 
m 
a 
O 
116i 
<uja o 
SO- 
15 
^ 2 
rs ■<!i 
18 — 
738 10 
47 171* 
167' 7 
1284 216 
8h 
28 
501 
360 
239 
— 56 
- 5i 
~ 430 
201i 1183| 
EH 
692| 
176i 
438 
4544 
1596 
457 
596 
438| 
430 
52781 
2893i 1500 
t And Cocoa * And Tea 
N.B.- In the absence of detailed surveys these 
figures, as mentioned above, are approximate only. 
The Estimates for current year provide for a 
Crop of 1,089,0251b. Tea from the Company's 
Estates, 128,0001b. from bought leaf, and 240.0001b 
made for others, a total of 1,457,025 lb., campany 
with 1.440,150 lb. manufactured last year. The 
intake at date of latest advices compares favourable 
the Crop secured at the same time in 1901. 
The Crop of Cocoa is estimated to be 2,680 cwt. 
A vacancy in the Directorate was caused by Mr 
L A Lewis ceasing to be a Member, and in ac 
cordance with the Articles of Association, this has 
been filled by Mr Wm. li Haslam, of Messrs. 
GeOi White & Co., 31 Fenehurch Street, E.G. Mr 
W H Haslam, by rotation, retires from the^^Direot- 
orate, but being eligible, offers himself for re-election. 
Mr James B Laurie, the Auditor, a'so retires, but 
he is eligible, and ofiers himself for re-election. 
By order of the Board, JAStiis Wilson, Chairman, 
AiFBED E. Lock, Secretary. 
London. E.C., 6th Nov., 190'i. 
STATISTICS FOR PAST 13 YEARS. 
TEA. 
B <B 
rf g 
ffi * 
O (S 
a, 
o 
o 
1890 1131 
1891. 1345 
1892 1385 
1893' 1406 
1894 1451 
1895 1556 
1896 1556 
1897 1571 
u 
o 
<a 
M 
em 
g3 
5! 
> 
< 
354842 314 
480684 358 
603293 364 
589192 419 
608110 419 
597399 348 
694720 446 
748994 476 
cn 
°a . 
^ a£ 
£ ft . 
^ a"^ 
W 0 
286292 
357648 
479005 
528172 
342040 
436908 
590111 
432662 
u 
<0 
ftjl a 
d O 
Q) ca o. 
^S" 
9-46d 
9'lOd 
7'81d 
7-70d 
r>-77d 
7-34d 
6-80d 
651d 
J 6-22d 
l6.27da 
1898 1636 753151 460 393360 
1899 1754 754768 430 281457 
<u 
be 
a 
o 
M 
<D 
"a 
mi 
1/6 
1/4| 
1/3 
im 
i/ii 
1/2 
1/3 
i./4 { 
a 
5406 
54'6l 
46-63 
51'33 
46-68 
55'40 
48'67 
43-40 
C6-75d 1,,., 
l6'78da }l/44 
f6-19d 
l6-21d«r/'*i 
{ 
6-19d 
6-21drt 
524d ,,,,, 
5-28da \ V"!! 
1900 I8l4 865768 477 406327 
1901 2103 917038 435 483102 
1902 2391 980862 413 45.3288 
. a iDOladiug Sales made in Colombo. 
5-38d 
5-46da; 
38 88 ) 
39-19a f 
J 41-54 [ 
1 41-72(1 f 
37-51 1 
57'64(t I 
32-00 I 
22-24<s i 
32- 86 I 
33- 35a J 
COCOA. DIVIDEND 
Year ending Crop, Net Average Highest Ordinary* 
30th June. 
cwt. 
per cwt. 
price 
per cent. 
realised. 
1890 
1224 
95/11 
115/ 
10 
1891 
1355 
108/ 
129/6 
10 
1892 
1431 
96/5 
120/ 
15 
1893 
2201 
90/11 
130/9 
15 
1894 
1212 
58/4 
83/6 
15 
1895 
2840 
59/2 
65/ 
15 
1896 
2335 
56/8 
80/ 
15 
1897 
2266 
66/1 
85/ 
15 
1898 
2523 
68/3 
80/ 
15 
1899 
2591 
66/83 
86/ 
15 
1900 
1574 
78/ 
102/6 
15 
1901 
2378 
72/6 
103/6 
15 
1902 
2865 
59/11 
80/ 
1 15 
a And 5 per cent Bonns, 
[* Preference dividend has beem 6 per cent, besides, 
year by year.] 
KORALE TEA ESTATES, LIMITED. 
Directors: — W. S. Bennett, Chairman, J. L. Shand, 
H. W. Brett ; Secretary : — H. C. Dowling ; Agents 
in Ceylon : — Cumberbatch & Co., Colombo ; Agents 
and Offices :— Shand, Haldane & Co., 24, Rood Leune, 
London, E.C. ; Auditors :—McAulifte & Davis, Thread- 
needle House, 28-31, Bishopsgate Street, E.G. 
Report of the Directors, to be submitted at the Sixth 
Annual Ordinary General Meeting of Shareholders, 
to be held at the Offices of the Company, on Thurs- 
day, 16th October, 1902, at 3 p.m. 
The Directors now submit the Report and Accounts 
for the year ending 30th June, 1902, Which have been 
duly audited. 
The net amount at Credit of 
Profit and Loss Account, after 
providing for General Ex- £ s. d. 
penses is ... ... ... 939 1 4 
To which should be added the 
balance brought forward from 
30th June, 1901 
142 16 8 
To dispose of which it is proposed 
to pay a dividend of 1^ per cent 
on the Preference Shares which 
will absorb ... ... ... 7l8 5 6 
To write off Wewesse Factory 
account ... ... ... 100 0 0 
Directors' Fees ... ... 150 0 0 
And to carry forward a balance of 113 12 6 
1,081 18 0 
— £1,081 18 0 
Though the estimate of crop has been exceeded, 
and the cost of production upon all the estates less> 
ened, the Directors regret that the continuation ot 
low prices for aR tea prevents the reeommendation 
of a higher dividend. The crop might have been 
still further increased if the Directors had not con* 
tinned to carefully nurse the younger fields, in -addi- 
tion which a Considerable area of: the older, tea/haia 
been this year rested. The Directors are satisfied 
that this policy will be to the permanent advantage 
of the estates. The reports as to the order atLd cop« 
dition of the estates are satisfactory, and ?the large 
area of promising young tea on Wewesse is likely 
to rapidly increase the crop yied. In accordance 
with the Articles of Association Mr. W. S. Bennett 
retires from the Board, and being eligible^ oSera 
himself for re-election. The Directors desire to ex- 
press their satisfaction with the Agents and Managers 
in Oeyloc, who have done their utmost to carry 
out the wishes of the Directors for the strictest 
economy compatible with the efficient working and 
up-keep of the Company's properties. 
By Order of the Board, H. C. Dowlino, Secretary. 
