April i, 19'03.] 
THE TROPICAL AGRICULTURIST. 
697 
THE BOEBBRRY TEA COMPANY OF 
CEYLON, LIMITED. 
DiRECTORa :— Hon. Mt Stanley Bois, Mr G H 
AlatoH and Mr H O Hoseason. 
ACREAGE : 
Tea in bearing . . 497 acres 
Tea 5 year old . . 109 do 
Tea 4 do ... 36 do 
642 acres 
Gardamoms .. 4 do 
646 acres in cultivation 
The Directors have now the pleasure to submit 
their Seventh Annual Report and Accounts, being 
those for the year ending 31st December, 1902. 
The yield of tea during the period has been 
301,545 lb. costing 24'iO cents per lb., against 
291,324 lb., cosUug 21"42 cents per lb. last year, and 
realising 36*39 cents per lb., against S7"66 cents for 
the Bsme period. After providing for commission 
due Superintendent and making a liberal allowance 
for depreciation of buildings and machinery, the 
amount at credit of profit and loss ip R27,052 29. 
To this must be added the sum of R46r82 brought 
forward from last year, making a total of R27'5l4'il 
now available for distribution. The Direetor.i re- 
commend the payment of a dividend at the ra'.e 
of 5 per cent on the paid up capital of the Com- 
pany, which will absorb R15,000 ; that a sum of 
1112,000 be placed to extension account— thus bring- 
ing it to R32,000 ; and the balance R514-11 be 
carried forward to current season's account. The 
Directors are pleased to state that the mortgage 
has been finally liquidated. The estimate for the 
current year is 320,000 lb. of tea on an expenditure 
of R7.5,170 which includes the coat of clearing and 
planting 10 acres of tea. The retiring Director is 
Mr Q H Alston, who is eligible for relection. The 
appointment of an Auditor for the current year 
r^tB with the rneetiDg. — By order of the Board, 
Bois Bbothbes & Co,, Agents and Secretaries. 
TALGASWELA TEA COMPANY OP 
CEYLON, LIMITED. 
DfeECTOEs; — Mfessrs. W Rae Sands, W Maggregor, 
Hector VanCuylenburg and J W Er^kine. 
AasMTS AMD Sbcketabks : — Baker & Hall. 
ACREAGE. 
acres. 
Tea in fall bearing ... 455 
Abandoned ... 135 
Cinnamon and Tea abandoned ... 43 
Ravines .. 113 
Forest boundary bel-ts ... 53 
Forest ... 1,229 
Total Acreage .. 2,028 
The Directors have much pleasure in placing before 
the Shareholders their Fifteenth Annual Report with 
a duly audited Statement of the Company's affairs 
to the Slst December, 1902, Dnring the past season 
143.131 lb of tea have been secured against 133,760 lb. 
list year. 30,151 lb. of tea were maBuiB,ctnred and 
sold on behalf of the Gallinda Estate. The cost of 
tea this year laid down in Colombo is cents 23'12 
per lb. and same has realised cents 30 63 nett against 
cents 28"39 last year all tea having been sold in the 
local market. Vrofit and Loss account shows a prutit 
on the year's working after writing off R2, 38807 to 
Depfeoiation, of R7, 735-52 from this has to be de- 
ducted debit balance of R322-42 brought forward from 
last year ajid after payment of interest to preference 
shareholders viz. R2,100 there remains the sum of 
R5,313'10 which the Directors suggest should be dealt 
with as follows : — Payment of dividend 2J per cent 
on ordinary shares absorbing R5,000; Carrying for- 
waid to current season R313-10. Since the last 
meeting Mr. J W Erakine htm joined the Board ; Mr. 
Hector Van Cuylenbnrg retires from the Directorate 
by rotation and being eligible offers himself for re- 
election. 
The •ppoiutment of an Auditor rests with the 
meeting.— By Order of the Directors, Bakee & Hall. 
Agents and Secretaries. 
Colombo, 26th February, 1903. 
THE CLYDE TEA ESTATES CO., LTD. 
REPORT OF THE DIRECTORS. 
Directors : — Messrs. F M Laurie, E D Harrison 
Robt. Davidson. Agents and Secretaries •.—Messrs. 
Lewis Brown dfc Co. 
ACREAGE : 
Tea above 4 years old ... 525 acres, 
Jungle, &o 190 ,, 
Total .. 715 ., 
Your Directors beg to submit their Report and the 
Accounts for the year 1903. The quantity of Tea made 
was : — From Estate leaf 170,647 lb and from bought 
leaf 5,395 lb. against original eatimtes of 175,000 1b. 
and 5,0001b respectively. The shortage in Estate leaf 
is due to the very unfavourable weather experienced 
dnring the closing months of the year, but for whicK 
the estimate would have been exceeded. 
The expenditure on Manniing during the year 
amounted to R3,732 70 which, along with sundry items 
for Rubber extensions &c. totalling Rl,907"80 have 
been charged against revenue. The cost of Estate tea 
exclusive of these, but including transport to Colombo 
and selling charges was B46,587-57, equal to 27*30 
cents, per lb. The average price realised for 27,601 
lb black tea was 33-71 cents and 148,432 lb green 
tea (inclusive of Thirty Committee bonus) 36 24 cents 
per lb. The Capital Expenditure during the year on 
additions to buildings and machin ry was R344'70 and 
R4,536 61 respectively. Depreciation on buildingB 
has been written off at the usual rate of 24 per cent, 
and on machinery at 5 per cent on the total book 
values thereof. Including the balance of R499'89 
brought forward from last year, the sim now 
available for distribution R6,08461, from which 
the Directors recommend the payment of a divi- 
dend at the rate of 2 per cent. This will 
absorb R5,400 and leave R684-61 to be carried 
forward. In terms of the Articles of Association, 
Mr. P M Laurie retires from the Board, but is eligi- 
ble for re-election. The Shareholders have to appoint 
an Auditor for 1903. 
THE CLABEMONT ESTATE CO., LTD. 
ANNUAL REPORT. 
The Directors submit herewith their Report and 
Accounts for the year ended December 3l8t 1902. 
Crop for the year proved very short indeed, 63,383 lb 
only being realised against estimate of 85,000 lb. This 
great shortage may be attributed to the very unfavour- 
able season, which was general, and also to the scarcity 
of labour, which however has since been remedied. 
The cost of production was 28-09 cents per lb * 
against 26-47 cents the previous year, the small crop 
accounting for the enhanced rate. The Teas netted 
33-67 cents as against 29-35 cents in 1901. 
It will be seen that after taking into account Interest 
and all other charges, the balance at debit of Profit 
and Loss is 10,008*82. Interest on Mortgage iias been 
paid to September 30th, 1902, but the interest on the 
mortgage Debentures still remains unpaid. The 
Directors have again waived their fees. 
The existing mortgage of £3,000 has been ciUled up, 
but the Directors hope to be able to effect a fresh 
mortgage on suitable terms. 
Mr R H Eliot retires from the Board of Directors 
by rotation, bat, being eligible, offers hims lf for 
re-electiou. Another Director has also to bo elected 
to make up the number to that required by tiie Arti- 
cles of Association. 
It will also be necessary to appoint an Auditor far 1903. 
