May 1, 1903.] THE TROPICAL AGRICULTURIST. 
SCUEDULE OF THE COMPANY'S ESTATES. 
Estates, 
Talawakelle 
Nauaoya 
Katookelle 
J2 
(a) 302 
250 
250 
74 
30 
7 
1 
aw 
(h) 22 
11 
< 
Acres. 
405 
262 
283 
Totals B02 104 8 41 955 
(a) 3 acres leased from the Proprietor of the 
Boutiqaes. 
(b) 2 acres leased to Messrs. Davidson aud Brown. 
THE VELLIKELLIH TEA COMPANY OV 
CEYLON, LIMITED. 
Directors.— George Abercrombie Dick, Esq., Percy 
Lawrence Johnson. Esq. Agents and Secretaries. — 
Robertson, Bois & Co. 
REPORT. 
Your Directors beg to submit their Report and 
Balance Sheet for the year ending 31st December 
1902, duly audited. The yield of tea fell short of the 
estimated quantity by 72,182 lb, the shortfall being 
attributed to the unfavourable weather during the 
latter half of the year, and other causes. The total 
yield was 207,8181b tea, plucked oif 540 acres, being 
at the rate of 385 lb tea per acre, costing free on 
board at Colombo 33 86 cents per lb. The gross 
average price of the 195,350 lb sold in London was 
8'19 per lb. Last year the crop amounted to 
275,549 lb, costiDfi 26"90 cents per lb. f.o.b., and the 
average price for the 251,699 lb sold in London was 
8*03 per lb. The crop anticipated for the current 
season is estimated at 250,000 lb tea, a considerable 
increase on the crop secured last year, which may 
reasonably bo expected in response to the liberal 
cultivation carried on. The rate at which Drafts 
were negotiated was Is 4 3-16d per Rupee, the same 
as last year. 
f s. d. £ s. d- 
The Net Profit for the year 
amounts to . . 1,184 15 0 
And the Balance from 
last year to . . 213 9 2 
Making a total of. . 1,348 4 2 
The Directors have already 
paid out of this. Divid- 
ends ou the 6 per cent 
Preference Shares for the 
y6arending31stDeo.l902 285 0 0 
Interim Dividend on the 
Ordinary Shares of 1 
per cent free of Income 
Tax ... 352 10 0 
Income Tax . . 113 19 8 
And it is proposed : — 
To pay a Final Dividend 
of 1 per cent free of 
Income Tax on the 
Ordinary Shares, mak- 
ing 2 per cent for the 
year .. 352 10 0 
And to carry forward the 
Balance of . , 244 4 6 
■ 1,318 4 2 
Mr Edgar Bois resigned his seat on theBoard during 
the year. The Director retiring on this occasion is 
Mr George Abercrombie Dick, aud, being eligible, he 
ofifers himself for re-election. The Auditor, Mr J 
Hamilton Alston, also offers himself for re-election. 
By Order of tho Board, Robeuxson, Bois & Co., Agouts 
and Secretaries. 
Lioudgn, March, 1903. 
THE LINDOOLA TEA COMPANY, LTD. 
Directors : — Messrs. Edward Dumaresq Thomas, 
Walter Cross Buchanan, Oliarles Murray Robertson. 
Agents and Secbetakies ; — Messrs. Robertson, 
Bois & Co. 
The Directors have the pleasure to submit the 
Balance Sheet and Accounts of the Company for the 
year ending 3l8t December, 1902, duly audited. The 
total crop was 180,375 lb tea, against 17-5000 lb esti- 
mated, and 171,311 lb obtained last season. The crop 
was at the rate of 563 lb per acre, and cost 23'34 
cents per lb, free on board at Colombo, and the gross 
average price of the 16'8,93& lb sold in London was 
7d against S.fd last yeur. It will be seen that the 
fall oir in profits is entirely attributable to the lower 
average obtained for the tea. Drafts were negotiated 
at an average rate of is 4:^d, tlie same as Ja^t yeai. 
The Net Profit for the year 
amounts to .. £1,589 9 8 
And the Balance from last 
year to . . . , 36 6 9 
Making a total of 
The Directors have already 
paid out of this, Dividends 
on the 6 per cent Preference 
Shares for the year ending 
31st December, 1902 .. £ 780 0 0 
Income Tax .. 90 1 3 
Amount written off Invest- 
ment .. .. 64 6 0 
Aud it is Proposed : — 
To pay a Final Dividend of 
2J per cent free of Income 
Tax on the Ordinary Shares 650 0 0 
And to carry forward the 
Balance of ., .. 41 9 2 
£1,625 16 
£1,625 16 5 
The Director retiring on this occasion is Mr. Charles 
Murray Robertson, and, being eligible, he offers him- 
self for re-election. The Auditor, Mr. J Hamilton 
Alston, also offers himself for re-election. By order 
of the Board, Robertson, Bois & Co., Agents and 
Secretaries, 
Loudon, 25th March, 1903. 
THE TYSPANE TEA CO., LTD. 
Directors. — Messrs. Edward Dumaresq Thomas 
John Philip Herringham, Walter Cross-Buchanan 
and Col. E D Newnham-Smith. 
Agents and Secretaries. — Messrs Robertson, Bois 
& Co. 
The Directors have the pleasure to submit the 
Balance Sheet and Accounts of the Company for 
the year ending 3Ist December, 1902, duly audited . 
The total yield was 261,878 lb. Tea against 280,000 lb. 
estimated :\od 277,773 lb. obtained last year, and in 
view of the unfavourable weather during the latter 
part of the year, this may be considered satisfactory. 
The average price realised per lb. Tea was 5'59d. 
nett against 5'66d. nett last year. The cost of pro- 
duction, exclusive of expenditure on new clearing, was 
26 cents per lb. free on board at Colombo, or about 4id. 
The present season's crop is estimated at 230,000 ib. 
Tea. Exchange averaged 1/4:J per rupee against 1 IJ 
last year. 
The Not Profit for the year, 
after payment of the In- 
terest on Debentures is .. £1,071 1 11 
To which has to be added the 
balance brought forward 
from last year ... ... 22 9 10 
£1,093 11 'J 
