00410 THE TROPICAL AGRICULTURIST. [Dec. ], 1899. 
6s Od, 'the Directors recommend payment of the 
• Dividend on the^e 5-hares lo 30th Juno last, re- 
•' quiring (less property tax) a similar amount, and 
having deducted £1,247 Is 8d, being one-tenth of 
the sums charged to >Snspense Account during the 
ten years ending .30th June, 1898, and (in luili- 
cipf^tion) the tenth of sucii sums for the ten years 
ending 30th June, 1899, amounting to £1,136 14s 
-4d, they further recommend a dividend of 8s per 
share, being 4 per cent, (free of income tax) on 
, the Ordinary Shares, amounting to £6,000, carry- 
ing forward a balance of £952 Is 6d to llie next 
• account. 
9 The Director who retires on this occasion is 
Mr. George Allen, who, being eligible, oiFers 
himself for re-election. 
Mr. John Smith, the Auditor, also retires and 
being a Shareholder offers himself for re- 
election. 
CEYLON AND INDIAN PLANTES' ASSO- 
CIATION LTD. 
• Second Annual Kkport, 1898-99. 
The Directors beg to submit their Report and 
Audited Accounts for the year closing .30th 
June last. 
The past twelve months have proved some- 
what better for the tea industry in Ceylon. "Witli 
the exception of Kandaloya Garden, all the Es- 
tates give a larger proHc than for the corres- 
ponding period. Kandaloya tea is now being sold 
on the Colombo niaket with better results than 
' \Vould 1?e obtained here, and the Directors hope that 
rifext yefar thi^ portion of the Company's property 
will do more to increase the prolits tban it has 
, done hitherto. 
-, rThe.!crop has not weighed out as much as 
vcxpectedi but is still; 46,664 lb. in excess of the 
; previous yeaiv . Estimates for this year anticipate 
a further increase of 68,0C0 lb. of made tea, or a 
total of 740,000 1b., for an expenditure very little 
exceeding the past year's. 
It will be noted that in the accompanying 
analysis the average sale price lias been more, 
and the cost of production less than last year, ex- 
cept in tl.'e case of Kandaloya, 
The Directors during the year have paid off the 
Mortgage and issued Mortgage Debenture Stock for 
£45,000 at 5 per cent secured on the whole of the 
Company's properties. 
The Directors desire to record their thanks toMr. 
George Greig and the Staff in Ceylon for their 
efforts in promoting the welfare of the Company 
during the period under review. 
The Accounts show that after paying Interest 
and preference dividend and manager's commis- 
sion, there is a balance at credit of Profit and Less 
of £1,834 6s 9d, the Directors propose writing off 
£450 from prelimanry expenses, £400 from machin- 
ery account, and £150 from debenture issue 
account, and to pay a dividend on the ordinary 
sbares of 2 per cent absorbing £8©0, carrying for- . 
ward the small balance. 
Both Directors' and Secretarial fees have been 
surrendered. 
The Auditors, Messrs, Singleton, Fabian & Co., 
beg to offer themselves for re-election. 
Directors— C A Reiss, C F Dickinson. 
CENTRAL TEA COMPANY OF CEYLON 
LIMITED. 
Report of the Directors submitted at the fourth 
annual ordinary general meeting of shareholders 
held at 20, Eastcheap, E. C, on Monday the 
13th Nov.;— 
The Directors have the pleasure to submit the 
general balance sheet and profit and loss account 
for the year ending 30th June, 1899, duly 
audited. 
£ E. d. £ B. d. 
The net amount at Credit of 
Profit and Loss Acconnt, in- 
cluding the balance brought 
forward at 30th June, 1898, 
and after providing for 
General Expenses, Direc- 
tors' Fees, Income Tax, 
&c., is 
Dividends on the 6 per cent. 
Preference Shares were paid 
for 1898/9 (less Income Tax) 
amonnling to .. 1,305 0 0 
It is proijosed to pay a Divi- 
dend of 6 per cent, (less In- 
come Tax) on the Ordi- 
nary Shares which will ab- 
sorb .. 1,073 0 0 
And lo carry forward to next 
year a balance of . . 557 7 7 
,935 7 
£2,935 7 7 
The Directors trust the results of the year's 
working of the Estates will be considered satis- 
factory by the Shareholders. 
The gross average price realised for the tea 
was 7-87d per lb , as against 7'75d per lb. last 
season, and the rate of exchange was Is 4 19-64d 
as against Is 4d. 
The yield of tea was 331,427 lb. , being 3/7 lb. 
per acre over a plucking area of 879 acres. 
The acreages of the Estates are as under — 
Tea. 
Estate, 
be 
Km P 01 
5 (5- 
Kabragalla ..431 
Somerset . . 387 
(Including Easdale 
and Loxa). 
61 
16 
13 
9 m 
i 2* 
32 397 
.. 33 
C3 Q) 
937 
433 
Total .. 818 61 29 32 430 1370 
Under clause No. 24 of the Articles of Associa- 
tion Mr. J. Sancroft Holmes retires on this 
occasion from the Board, and, being eligible 
offers himself for re-election. ' 
The Auditors, Messrs. Harper Brothers, Char- 
tered Accountants, also retire from office, and 
offer themselves for re-election. 
Tfa Machinery.— Amongst the announcements 
of Messrs. Crosby Lockwood & Son's new and 
forthcoming publications is the following:— 
Tea machinery : A Descriptive Treatise for the Use 
of Planters and Others. By A, J. "Wallis-Tayler 
A.M.Inst.c.E., Author of "Eefrigerating and Ice-Makipg 
Machinery," &o. . ° 
