April 1, 1903.] 
THE TROPICAL AaRIOULTURIST. 
675 
THE DONNYBROOK TEA COMPANY, 
LIMITED. 
REPORT OP THE DIRECTORS. 
The Directors beg to submit a Statement of Ac- 
counts for the year ending 31st December 1902, duly 
audited. ackeage. 
Douuybrook Mitford 
Tf'a in full bearing 112 acres 37 acres 
Tea in partial bearing 40 acres 108 acres 
Tea not in bearing — 7 acres 
152 acres 152 acres 
304 acres cultivated in Tea 
4 acres forest 
67 aoces Chcna, Tatna and Waste land 
Total... 375 acres 
The Crop secured amonuted to 146,199 lb of Green 
Leaf as a<4ainst au estimate of 200.000 lb. Of thu 
126,244 lb ' was sold as Green Leaf realising R8,20o-75 
wliile the balance was mHOufactured in the Norton 
Factory and sold in the local market, viz. 4,939 b 
made Tea, at an average price of 38 cts. per lb. 
nett. The balance at Debit of Woikiug account 
after, providing for Legal expenses. Visiting Agent's 
feea, and all other charges, amounts to R3,531-60, 
which amount has been tansferied to Property) Im- 
movable, The estimate for Crop season 1903 is 
50,000 lb of mxda lea to be produced at a cost of 
37 02 lets, per pound, and thd result of the year's 
worki'og, estimating the Crop to nett 32 cents per 
pound is likely to show a loss of R2,510, for which 
provision will have to be made. In terms of the 
Memorandum of the Articles of Association of the 
Company Mr G P Fuller retires from the Directorate 
but ia eligible for re-election. Mr Shakspeara who is 
leaving the Island also retires and does not seen re- 
election. The appointment of an Auditor for the 
current year rests with the Meeting. 
KIRKLEES ESTATE COMPANY, LTD. 
THE KEPORT OF THE DIRECTORS. 
Directors •.—Messrs. G- H Alston, John Gordon 
and Hon. Mr. W H Figg. 
Estate Superintendent : — Mr. J Arniitage Ogden. 
Acreage : 31at December, 1902. 
Tea in bearing . . . . 435 acres. 
Do partial bearing. . .. 13 ,, 
Tea clearings .. 10 ,, 
Timber and Cardamoms . . 129 „ 
Grass and uncultivated land . . 140 ,, 
Total . . 727 acres. 
The Directors now have to present to the Share- 
holders the acoonnta of the Company for the past 
year. The Crops secured amounted to 175,591 lb. Tea, 
including 6,996 lb. manufactured from purchased leaf, 
and 2,887 lb. Cardamoms. The nett priue realised for 
theTea wa8 36'34 cents per lb., as against 34'18 cents in 
1901, and the Cardamoms sold realised 83"10 cents per lb. 
nett. After providing for depreciation of buildings and 
machinery and paying the 7 per cent dividend on 
the preference shares, the profit on the year's work- 
ing amounted to R12,()24-48, equal to 12 02 per cent 
on the paid up Capital of the Company, to which has 
to be added the balance of R976'47 brought forward 
from 1901, less R14079 over-estimated for produce 
unsold at the end of that year. There is therefore 
available a sum of lil2,860'16, out of which the 
Directors have decided to set aside a further sum of 
R500 to the coast advance reserve account aa a pro- 
viaion for doubtful debts, and out of the available 
balance of RI2,360'16, they now recommend the pxy- 
ment of a final dividend o£ 7 per cent, making wtlh 
the interim dividend of 3 per cent paid, on 5th August 
last, a total of 10 per cent for the year, leaving a 
sum of R2,360'lti to be carried forward to the current 
sum of R2,360'16 to be carried forward to the current 
Reason's aQcouutSi oaly es()euditur€ ou ca|iit«ii 
99 
"ccount during the paat year wm Pv392-5') for thi 
l.urchase of ao. 9 : 3 : 38 : land. Tlio estimated crop, 
Uiis year are 1G5,000 lb tea and 3,0'il) lb cai-d:i.raon3 
-^n an expenditure of R4y,300, In terms o£ the articloa 
of Association, .\Tr G H Abton now retires from the 
Board, but is eligible for re-election. The appoint- 
ment of an Auditor for the current year rests with 
the meeting. 
THE VOGAN TEA COMPANY UF 
CBYLON, LTD. 
Directors :— Messrs R W Harrison, V A Julius 
and E M Shattook. 
The Directors now bsg to submit to tne bhare- 
holders their Report and Accounts for the year ended 
December 3l3t, 1902. The Estimate of crop on Vegan 
and Iddagodde was 400,000 lb. of Tea, while the actual 
quantit> secured was 362,3)5 lb , the shortfall br!ing 
due to the abnormal absence of suashine experienced 
during the la^t four months of the year. Prom bought 
leaf 15,231 lb. were also manufaofcured, making a total 
of 377,586 ib. which cost to place in Colomoo 23-^48 
cfents, and realized a nett average price ot 32-9-. 
Included in the Expendiiuce is a sum of ivl,700-JU, 
which has been spent in the upkeep of the Rubber 
clearings, and iu laying down Albizzia nui-series. Oa 
Stamford Hill and Barkindale the crop for the year 
was 100,752 ib against au Estimate of 100,000 b., the 
Tea costin'', after deduction of profit oa manufacture 
of outside leaf, 22'83 cents in Colombo, and realizing 
a nett average pi-ice of 38-13 cents. The following 
table, shewing the crop, cost and average price 
realized for the past live years, is appended, and Will 
no doubt be found of interest. . 
Crop. Cost. Price 
1393 _ realized. 
Vogan and Iddagodde ... 353,837 I orv.o.^ 34 00 
Bought leaf ... 30,9291 
Stamford Hill and 
Barkindale ... 100,712 25-53 43^90 
1899 
Vogan and Iddagodde . . 386,609 ) 20'15 36 81 
Bought leaf ... 2,528) 
Stamford Hill and 
Barkindale .. 95,288 22 17 45-30 
1900 
Vogan and Iddagodde .. 462,399 ( gi-JO 30-34 
Bought leaf . . 20,^08 J 
Stimford Hill and 
Barkindale .. 107-474 23 42 39-94 
1901 
Vogan and Iddagodde . . 334,448 ) 2,j.62 32 23 
Bought lecf 1-5, 3b3 J 
Stamford Hill ife Barkin- 
dale ... 82,640 20-90 42 20 
1902 
Vogan and Iddagodde ... 362,353 } qo.iq qo 
Bought leaf ... 15, -231 J " 
Stamford Hill & Barkin- 
dale .. 100,752 22-88 33-13 
After payment of Interest on Debentures and all 
other ch.irges, the atooaut of prolio earned is R41,834'55 
to which must be added the balance of R120'10 
brought foi'ward from the previous year, making a 
total of Rll,954'65 available for distribution. This 
amount the Directors recommend should be appor- 
tioned as follows : — 
By the redemption and cancelment ot R. c. 
20 Mortgage Debantures of RaOO'OO 
each absorbing .. ..10,000 00 
By the payment of a Dividend of 4 per 
cent for the year ., ..23,000 00 
By the payment of a bonus to the 
Vogan Siipeiiuten lent of .. 500 OtJ 
By the payment of a bonus to the 
Staniturd Hill Strporinsendeut of .. 500 0) 
By placing to Depieci.ition Aooouut. . 2,500 00 
By carrying forwari* to nest Account . . 454 6.) 
