328 
THE TROPICAL AGRICULTURIST. [Nov. 1, 1899. 
a Parsee ; a Malay ; a Devil Dancer ; a Jaffna 
Tamil; and a Paiawa. Tlie paintings in oils 
consist of a Tamil woman ; a Sinhalese Mudali- 
yar; a Sinhalese black-smith; a Veddah ; a 
Sinhalese farmer ; a Sinhalese nioiintaineer (an 
octojjenarian). Included among the oil paintings 
are representations of estate scenery and mountain 
scenery. In water colours there are king-coconuts; 
Green coconuts; the Vanilla plant; a bunch of 
lovi-lovi; nutmegs; a Kandyau headman; 
and Ceylon frogs. 
Many more things might be particulaiised, but 
we have, we trust, already shown tiie comprehen- 
sive character of the exhibits in the Ceylon Courts, 
of which only a small portion have been as yet 
received at the Agricultural School. The task 
the Committee has to face is to avoid sending 
duplicates. From almost every Kachcheri speci- 
mens of Ceylon indusories have to be received and 
the work of selection will not be an easy one. 
31 cents, per lb., the profit should be as follows :— 
Tea, 280,000 lb. at 12h cents. ... R35,000-00 
. Cocoa and other credits ... 2,500-00 
A NEW CEYLON COMPANY : 
UKUWELA (TEA) ESTATES. 
This new Company, has for its dir- 
ectors, Messrs. P. G. Ambrose, of Uku- 
wela. H. L. Anley, of Mahatenne, W. B. 
Anley, and J. B. Anley. The solicitors are, in 
London, Messrs. Harward and Stephen- 
son, of Lombard St., and Messrs. F. J. and 
R. F. de Saram, of Colombo ; the National 
Bank of India being the bankers. Mr. T. W. 
Palmer, of 165, Fenchurch St., is the Secret- 
ary (pro tem.) The prospectus runs : — 
Share Capital divided into 378 Six 
per cent. Preference Shares of 
£25 each ... ... £9,450 
302 Ordinary Shares of £25 each ... 7,550 
£17,000 
Debenture Capital 270 Five per 
cent. First Mortgage Debentures 
of £50 each ... ... ... 13,500 
PROSPECTUS. 
£30,500 
This Company is formed to acquire, carry on, 
•work, and develop the Ukuwela and Bowatte Tea 
Estates, in the District of Matale West, Ceylon, 
and to . purchase other suitable properties as 
favourable opportunities may occur. Ukuwela is 
situate within 200 yards from the Ukuwela 
Railway Station, and Bowatte adjoins Ukuwela 
on the West. The Estate comprise about 558 
acres, of which 313 acres are Tea in full bearing, 
47 acres tea^ising two years, 13 acres tea rising 
one year, 13 acres tea planted this year, 82 acres 
cocoa just coming into bearing, rising four years, 
six acres grass land, 84 acres reserve land, total 
558 acres. 
The yields for the seasons, 1st January, 1895, 
to 31st December, 1897, averaged 914 lb. manu- 
factured 'tea per acre over all the 300 acres which 
were then in full bearing, and realised a net 
average of over 35^ cents, per lb., whilst the cost 
of production delivered at Ukuwela Station was 
under 16 cents, per lb. The yield of the 300 acres 
in 1896 was 1,037 lb. manufactured tea per acre. 
The estimate for the 313 acres now in full bearing 
for the year ending 30th June next, is 280,000 lb. of 
manufactured tea, and as 207,500 lb. Avere secured 
up to end of March last, the estimate may be con- 
sidered quite safe. Future yields should be con- 
siderably increased by the crop on the 73 acres of 
young tea which is gradually coming into bearing. 
Cocoa and other credits should realize R2,500. 
Placing therefore the cost of production of the 
280,000 lb. m mufactured tea at ISh cents, per lb. 
(iellvered f.o.b., and taking the net' average price at 
mi 500 00 
This, at the exchange of 1/4 per rupee, equals 
£2,500, which should, after paying the {Debenture 
interest and Preference Dividends as well as the 
London expenses, leave a surplus sufficient to pay 
about 10 per cent, on the ordinary shares. 
The Estates are in a good state of cultivation 
and are well equipped with a modern factory and 
machinery, three substantial bungalows, other 
buildings, and permanent Coolie lines. 
The price to be paid by the Company for the pur- 
chase of the Estates, free from incumbrances, is 
£30,200 payable as to £11,.500 in cash, as to £7,450 
by the allotment of the 298 six per cent. Preference 
Shares, as to £3,050 by the allotment of 122 Ordi- 
nary Shares, and as to £8,200 by the allotment of 
164 Debentures. 
The only contract entered into is one, dated 4th 
May, 1899, between Frederick George Ambrose and 
this Company, being the contract for the acquisi- 
tion by the Company of the above-mentioned pro- 
perties. Nothing has been or will be paid in res- 
pect of promotion or underwriting. 
THE DOOMOO TEA COMPANY OF 
CEYLON, LTD. 
ANNUAL MEETING. 
THE REPORT 
of the directors was submitted by the chair- 
man as follows :— 
The Directors have the pleasure to submit their 
Report and Accounts for the season ending 30th 
June, 1899. 
The quantity of Tea received from the two 
Estates was 196,.5a5 lb. out of an estimated crop 
of 220,000 lb., against 205,902 lb. last year, and the 
price realized was cents 42-83 per lb. against 
cents 4313 last year. 
The expenditure on Verellapatna includes the 
upkeep of 120 acres young Tea which only yielded 
80 lb. an acre. 
After writing off R2,500 to Depreciation Ac- 
count and R2,300 to Reserve Account there re- 
mains available a sum of R24,787 52 which your 
Directors recommend being disposed of as 
follows : — 
That a dividend of 6% for the year be paid on 
the Capital of the Company, absorbing R24,000, 
and that a balance of R787-52 be carried forward. 
The estimate for the current season is 220,000 lb. 
lea on an expenditure of R72,440, which includes 
a sum of R5,700 for the removal and re-erection 
of the Doomoo Factory for use as a withering 
shed on Verellapatna. 
The acreage of the two Estates now stands 
as follows : — 
Doomoo ... 210 acres Tea 5 3'ears old and upwards. 
^ " "3 „ 
28 „ Timber. 
58 „ Grass land. 
299 acres. 
Verellapatna 310 acres Tea 5 years old and upvr ards. 
120 " " S " 
24 „ Under 2 years. 
10 „ Grass land. 
154 ,, Waste, and Patana. 
688 acres. 
T P'^^^^-E- y^'"^^ H. G. Bois having left the 
Island Mr. F. W. Bois was elected to the vacant 
seat on the Board. 
In accordance with the Articles of Association 
Mr. W. B. Kingsbury retires from the Board, 
but being eligible offers himself for re-election. 
