c.16 
THE TROPICAL AGRICULTURIST. 
[Maticii 2, 1903. 
The Estimates for tha new seaaon point to a yield 
of 489,000 lb of Tea, to coat 25-1.4 ceata per lb, in- 
elusive of aa allowance of about 2 cents per lb for 
mannriDg and burying pruuings. 
The following is a definition of the Company's pro- 
perties as at the 1st January of this ye^it : 
Glussau^h. 
Brownlow. 
Tea in full bearing 
... 469 acres 
503 acres 
Do in partial bearing 
.. 21 do 
— do 
Do not iu bearing 
2 do 
— do 
Total in Tea 
. . 492 do 
503 do 
Fael trees 
. . 14 do 
2 do 
Forest 
... — do 
33 do 
G-rass 
... — do 
27 do 
Scrub and Waste 
.. 13 do 
20 do 
519 acres 
535 acres 
Mr J Paterson retires from the Board 
in terms of 
the Articles of Association, and is eligible for re- 
election. 
The appointment of an Auditor for 1903, rests with 
the Meeting. 
By Order of the Directors. 
Geoege Steuaet & Co., Agents and Secretaries. 
Colombo, 30th January, 1903. 
THE HIGH FOREST ESTATES CO., LTD. 
RKPOIIT OF TUB DIRECTOKS. 
DiRECToBs, -Messrs. RF S Hardie, G H Alston, 
J G Wardrop ; Estate Inspector :— Jno. Gordon , 
Estate Superintendent : — D Lyall. 
ACKBAGE. 
Tea iu full bearing ., .. 
645 Acres. 
do partial bearing 
453 
15 „ 
Wind B-lts and Timber Clearings. . 
94 „ 
48 „ 
Jungle and Patna ., .. ... 
356 „ 
Buildings and Boads 
19 „ 
Total . . 
1,630 Acres. 
The Directors have now to pi ice before the Sh re- 
holders the Accounts of the Company for the past year 
The crop secured amounted to 451.045 lb. Tea, 
being 22,045 lb in excess of the estimate. 
The average nett price reali-sed for the Tea was 
42'63 cents per lb. against 46"30 cents per lb. in 1901, 
and the cost of laying down the Tea in Colombo was 
25'14 cents per lb. 
The old fields under Tea have been resurveyed, all 
wind belts, ravines, building sites, rnads, &<:. being 
deducted and placed under their diff>-rent headings, 
and the acreage given above as under tea is now the 
correct one. 
With reference to the remarks in last years'a report, 
as there is no chance of recovering the Coast Advances 
referred to, the Directors have now written off 
R3, 678*67 from the amount set aside for Reserve 
Account. 
After writing off a sum of R14,020'63 for Deprecia- 
tion of Buildings and Machinery, equal to over 1§ 
per cent on the Capital, the amount at credit of Profit 
and Loss Account for the year's workine ii R57,859'89, 
equal to 6"09 per cent on the paid-up Capital of the 
Company, to which has to be added the balance of 
R20,949'21 brought forward from 1901. The Directors 
now recommend the payment of a final dividend of 3i 
percent, making with the interim dividend of 2| per 
cent paid on the 5th August last, a total divide ud of 
6 per cent for the year, and that the balance of 
R21,809'10 be carried forw-ird to the current season's 
accounts. 
The expenditure on Capital Account during the past 
year amount to R26,8II8"00. f'lr the upkeep of youiii; T-a 
not in btjarin^, and for necr-saaiy additions to Huild- 
inga and Machinery. After coinpUtion of ihe additions 
and alterations now being made very little C"pital ex- 
penditure in this direction will be required 
The estimate for the current years is 441,Ono lb. 
Tea on an expenditure of R206,623 58, and R12,V01-00 
on Capital Account, for completing the additions and 
alterations, mostly paid for in 1902. 
During the year Mr. G B Leeohman resigned his 
seat OQ the B lard on his departure from the I^iland, 
and Mr. R F S Hardie was appointed in his place. 
In terms of the Articles of Association Mr, Hirdie 
now retires from the of&ce of Director, but is eligible 
for re-election. 
The appointment of an Auditor for the current 
year will rest with the meeting — By order of the 
Directors, Whtttall & Co., Agents and Secretaries. 
Colombo, 28th January, 1903. 
THE AGRA OUVAH ESTATES CO., LTD. 
Directors : —Messrs J G Wardrop. G H Alston and 
Jas. Poison Estate Inspector:— Mr R K Ulark. Estate 
Superintendent ;— Mr Wilson Smith. 
ACRRAGE. 
3lsfc December, 1902. 
Agra Ouvah. Fankerton. 
acres. acres. 
Tea in full bearing 322 | Tea in full bearing 165 
Grass and Jungle 9 Timber clearing; 20 
I Grass, Patana & Scrub 8 
Total Estate 331 Total Estate 193 
Grand Total 524 acres. 
The Directors now have to present to the Share- 
holders the Account for the past year. 
The crop secured amounted to 333,789 lb being 9,961 
short of the estimate, due to the abnormal weather ex- 
perienced during the last few months of the year. 
The avernge nett price realised for the Tea was 
45'33 cents per lb, against 45*()5 cents per lb iu 1901. 
The cost of laying down the Comp any's tea in Colombo 
was 25 46 cents per lb. 
The amount at credit of Profifc and Loss Account for 
the year's working is R63,658 09, equal to 16"98 per 
cent on the paid up capital of the Company, to which 
has to be added a sum of R2,069 16 br ught forward 
from 1901, making a total sum of R65,727"i'5 available 
for distribution. On 5th August last an interim 
dividend of 7 per cent was paid, absorbing R26,250, and 
the Directors now recommend the payment of a final 
dividend of 10^ per cent, making 17i per cent for the 
year and that tbe balance of R102 25 be carried forward 
to this season's ac'.'ount. 
The estimate for the present year is 343,750 lb 
Tea on an expenditure of R83,9J4 67, which includes a 
sum of R5,336 for manuring. 
During the year the Hob Mr W H Figg resigned his 
seat on the Board, and Mr G H Alston was appointed 
to fill the vacancy. In terms of the Articles of Associa- 
tion Mr J G Wardrop retires from the office of 
Director, but is eligible for re-election. 
The appointment of an Auditor for i;he current year 
rests with the Meeting. 
U.S.?. Essential Oils.— Kremers continues 
his observations on the proposed volatile oils of 
.the U S P. 1900, his last instalment (Phar. Rev., 
1902, 544) dealing with oils of chenapodium 
and cinnamon. The oil of American wormseed 
has been little investigated, but sbservations since 
the last US? indicat^ed that the .sp. gr. should 
be lowered from 0-970 acl5=> C. to 0-910, and that 
the oil does not give a clear solution with ten 
times its volume of 70-per-cetit. alcohol. The 
optical rotation is - 18-55= fi)r 100 m,n. The 
note on cinnamon oil is necessarily more lengthy, 
and a trifle cmfusing to ihose who apply this 
name solely to oil of Ceylon cinnamon, .'^itice the 
noie deals with oil of cassia, which is offi-ial in 
thirteen pharniaco; ccias, and oil of cinnamon in 
eight pharmacoi ceius. The author suggests the 
inclusion of Ceylon cinnamon oil in the USP, 
as it is far sup-ri /r to cas.sia oil. He deals fully 
with the characters of the latter oil, irs assay and 
si,dn\terant3,— Chemist and Druggist, Jan, 17i 
