71B 
THE TROPICAL 
AGRICULTURIST. [May 1, 1908, 
THE CEYLON TEA AND COCONUT 
ESTATES COMPANY, LIMITED. 
Directors: — Messrs. F Capper, G H Alston, J A 
Henderson; Estate Inspectors. (Tea.)— Mr. K W 
Harrison. (Coconuts.)— M'-. W Jardine ; Estate 
Siiperintendent— Mr, P T L Wetherall. 
ACREAGE. 
Tea.— In full bearing .. 410 2 22 Acres. 
Coconuts ... 559 3 3 „ 
Cinnamon ... 21 2 30 „ 
Rubber . . .50 0 0 
Jangle, Patna and Scrub 365 3 38 „ 
Total, 1,407 3 13 Acres. 
The Directors have now to submit to the Share- 
holders the accounts for the past year. Tea Division. 
The crop secured amounted to 159,487 lb., being 
about 40,513 lb. balow the estimate. Unfortunately, 
this estate with many estates in Ceylon has suffered 
from the unfavourable vfeather for growth. A very 
careful system of plucking has been followed as usual. 
The cost of laying down the tea in Colombo was 25'58 
cents per lb. as compared with 23'31 cents per lb. in 
1901, and the uett average price realised was 29"46 
cents per lb. against 28 86 cents in 1901. Coconut 
Division. — The crop gathered was 707,034 nuts a large 
proportion of which was made into Copra 557. 4. 1. 
14 candies, and sold at a nett average of R53'78 per 
candy. The coconut crop for the current year was 
sold as Copra at R55 00 per candy. The estimates for 
the current year are: — Tea, 200,000 lb. against an 
expenditure on working account of RS'i, 002-00. The 
Directors have put in machinery for making Green 
Tea which has been sold on the Colombo market. 
Coconuts, 760,000 nuts against an expenditure of 
R16,420. Rubber, is coming on well. 55 lb. have been 
secured and sold at an average price of R2'50 per lb. 
It tvill be noticed that the profit on last year's working 
is R4,377-22 and it is hoped that the present year will 
show even more satisfactory results. Messrs. W H 
Figg & P C Roles having resigned their seats on the 
Board, Messrs. G H xystoa and P Capper were ap- 
pointed to fill the vacancies, In terms of the Articles 
of Association, Mr G H Alston retires from the Board 
of Directors and is eligible for re-election. The ap- 
pointment of an Auditor for the current year will rest 
with the meeting. By order of the Directors, Tek- 
KANT, Henderson & Co., Agents and Secretaries. 
Colombo, 7th April, 1903. 
THE TALAWAKELLE ESTATES CO., LTD. 
Directors : — Messrs. Arthur Phelips Hoakyns and 
Charles Murray Robertson : Agents in Colombo — 
Me.ssrs. George Steuart & Co. ; Agents and Secre- 
taries — Messrs, Robertson, Boia & Co. 
The Directors have the pleasure to submit the 
Balance Sheet and Accounts of the Company for 
the year ending 31st December, 1902, duly audited. 
The mortgage has been reduced to l; 14,000, by the 
payment of the fifth instalment of £1,500 on the 
31st December last, which has been charged to 
Profit and Los.s Account, The profit on the year's 
working is up to the average of the preoodisg four 
years, the increased yield compensating for the 
slight falling off in the price obt-ijined for the tea. 
The amount expended in new clearings, about £270, 
has been charged against revenue. In the five 
years since the formation of the Company, the cost 
of production has varied bat little, the average 
annual yield has been 528 lb. per acre,, and the 
average price of the tea 10'47d. During the above 
period, after charging all expenditure on buildings, 
machinery, and on the conversion of 101 acres 
forest land into tea, the nett profits have amouut'^d 
to .€37,886 2t Ud, equal to rather more than 12 
per cent on the purchase price of the estates. 
The sum of £7,500 having been paid out of the profits 
towards redemption of the mortgage, the cost of 
the estates has been reduced to £54,646 7s lid, the 
acieage now being 802 acres tea in full bearing 
and 104 acres young tea. 
STATMENT SHEWING RESULTS OF WORKING 
FOR THE FIVE YEARS ENDING 3I.ST DEC, 1902, 
Acres, lb. 
lb. 
J3 a 
o 
(U O 
a 
S-i j-rt 
CO S 
> o 
<J i/i 
m 03 
O 
lb. 
u ° 
&a 
o 
° o 
o 
cts. 
1898 802 421,284 525 418,565 10-57 27| 1 4 3-16 
1899 802 419,514 523 417,161 10-23 27 1 4 5-16 
1900 802 419 632 523 417,978 11-21 27i 1 4 9-32 
1901 802 422-038 526 420,599 10-23 27i 14 3-16 
1902 802 434,492 541 432,907 lO'lO 27 1 41. ' ' 
£ s, d. £ s. d. 
The Profit for the year 
amounted to 
To which has to be added 
Interest 
And the Balance from last 
year of 
Interest on the mortgage 
for the year has been 
paid amounting to 
The fifth instalment of 
the Mortgage of £21,500 
has been paid, viz 
Dividend on the 6 per 
cent. Preference Shares 
for the year less Income 
Tax, has been paid 
An Interim Dividend of 
5 per cent, free of In- 
come Tax, on the Ordi- 
nary Share was paid 
on the 1st October 
Income Tax 
It is Proposed— 
To pay a Pinal Dividend 
of 7 per cent on the 
Ordinary Shares, free 
of Income Tax, making 
12 per cent for the year, 
which will require 
And to carry forward the 
balance of , , 
7,.502 0 7 
58 10 1 
432 11 6 
7,993 2 2 
775 0 0 
1,500 0 0 
309 14 4 
1,853 10 
447 2 
2,594 18 0 
512 17 4 
■ £7,993 2 2 
The Directors desire to place on record their 
high apprsciation of the efSoient management of 
the estates by their Superintendent, Mr. H St, 0 
Bowie Evans, and his staff. Mr. Charles Murray 
Robertson, the retiring Director, offers himself for 
re-election. Messrs. Whinney Smith and Whinney, 
who were appointed Auditors in the place of Mr. 
John Smith, retired, offer themt^elves for re-elaction.' 
J5y order of the Board, Robertson, Bois & Co., 
Agents and Secretaries. 
12, Feuohnrch Street, Loudon, E. C. 15th 
March, 1903. ' 
