702 
THE TROPICAL AGRICULTURIST. [April 2, 1900, 
KOEBERRY TEA CO. OF CEYLON, 
THE ANNUAL REPORT. 
ACEEAGK, 
Tea in beariaff ... 542 acres 
LD. 
Planted in 189G 
Do. 1897 
Cardamoms 
127i 
46 
70!)i 
713i acres in cnltivation. 
The Directors have now to submit their Fourth 
Annual Eeport and accounts, being those for the 
year ending 31st December, 1899. The yield of Tea 
durin" the period has been 179,176 lb. costing 30'32 
cent per lb. as against 30'94 cents last year, and 
realising 4046 cents asj against 39 94 for the same 
period. 
Oa a reference to the accouHts it will be seen that 
the sum at credit of Profit and Loss Account, includ- 
ing the sum brought forward from last year, is 
I!,9,541'15 after allowing for Depreciation on Factory 
and Machinery; and out of this sum the Directors 
recommend that a dividend Si the rate of 3 per cent 
be declared, absorbing E9,000'00 leaving a sum of 
E,541'15 to be carried forward to the current year. 
Crop has again been short owing to excessive 
drought, the raina having been late in setting in after 
the dry season, but It is hoped, with increased pluck- 
ing from the young Tea now coming into bearing, 
200 000 lb. may be secured during season 1900. 
Mr. W Sandys Thomaa visited the Estates on 18th, 
and 19th December last, and found things generally 
in a satisfactory condition. 
The retiring Director is Mr. E Hamilton, who is 
eligible for re-election. 
The appointment of an Auditor for the current year 
rests with the meeting. 
CEYLON PROVINCIAL ESTATES CO., LD. 
THE ANNUAL EEPOET, 
The directors have the pleasure to present their 
Eeport for the ear ended 31st December 1899 together 
■witna|statementof Accounts;forthe same period, which 
have been duly audited. 
The season has been a favourable one for the growth 
of leaf, and the crop has amounted to 488,904 lb of 
Tea as compared with 430,951 lb last year. This is 
considerably in excess of the Estimate, and shows an 
average yield of 560 lb per acre in bearing. 
Prices, too, have been well maintained, and the 
average is 44'62 cents per lb against 42-73 last year. 
The cost of production has at the same time been 
moderate and works out at 24-35 cents per lb which 
includes 2-25 cents per lb for expenditure on manur- 
ing oprations. Last year the cost was 26*10 cents 
including 1-50 cents for manure. 
The Working Account closes with a surplus over 
expenditure of R103,221-09 as against R76,371-16 
last year. 
Out of this an interim dividend amounting to 
K19,980 at 3 per cent has bpen paid, and E15,000 has 
been absorbed in paying off £1,000 from the Glassaugh 
Mortgage in order to get permission to remove the 
Factory and Machinery from that division of the pro- 
perty to Aadneven where the new Factory for 
Glassaugh is now situated. Interest on Mortgages 
amounts to E9, 900 15, and after providing for i3onus 
to Superintendents and other items, there is a final 
balance of E51,227'66 standing at credit of Profit and 
Loss Account. 
On the other hand, it will be seen by the Ba- 
lance Sheet that our liquid Assets, or available funds 
amount to only E33,887 03. The difference is ac- 
counted for by the capital and mortage money 
having been insufficient, to the extent of Bl?, 310-63, 
to provide for the extension and improvements to 
property of late years, 
The Directors recommend, therefore, that a final 
dividend of 5 per cent be declared, making a total 
?,==^r>^^''®°■ fo'^ year. This will absorb 
E33,300, leaving E587-03 to be carried forward 
to next season, besides placing the above mentioned 
sum ofEl7,340'63 to Extension account which, with 
the capital and mortgage money, now equals 
the amount locked up in property, etc. It is to be 
otiserved, however, that, had it not been for the 
stipulation ot the Glassaugh Mortgagee about the 
old Factory on that Estate, we should ha\e been 
able to make a dividend of 10 per cent for the vear 
and something over. ' 
The balance of £5,0C0 due on the Glassaugh Mort- 
gage has been replaced by a new Mortgage for R75 000 
resulting m advantages to the Company, 
The Estates are reported to be in excellent order 
and although Ulights have been prevalent at certain 
periods of ihe year, the crops show that their attacks 
have not, so far at all events, affected the veld or im- 
paired the vitality of the bashes. 
.■..^ij^^S'^''''"^''^^ season point to ayield of 
455,0001b of tea costing 26-70 cents to produce, and 
this expenditure includes a liberal allowance for ma- 
nure and cultivation generally. 
A fresh survey has been made of Brownlow, with 
the result as given below. Glassaugh has also been 
surveyed, but particulars have not yet been received 
Tea in bearing -^i^^^^^^h. Brownlow: 
., par.ial bearing 
„ young 
Total in Tea 
Fuel Trees 
Buildings &c. 
Forest 
Grass land 
Scrub and Waste 
Total 
426i acres 
34| 
40 
501 
423 acres 
80 
14 
2 
15 
503 „ 
7 " 
83 '', 
27 „ 
13 „ 
585 acres 
ir A J i.- v "^^"^ acres 
Mr. Anderson retires from the Board on this occa- 
sion m terms of the Articles of Association and ia 
eligible for reflection. 
a^PPO'itment of an Auditor for 1900 rests with 
the Meeting. 
THE CEYLON TEA AND COCONUT 
ESTATES COMPANY, LIMITED. 
THE ANNUAL REPORT. 
ACREAGE : 
Tea,— In bearing , . 265 acres. 
In partial bearing 165 
Coconuts . , 
Rubber ,. 
Grass, Forest and ehena 
Cinnamou . . 
430 acres. 
558 „ 
35 „ 
213 „ 
21 .. 
Total. ..1,257 „ 
The Directors have now to submit to the share- 
holders the accounts for the past year. 
Tea Division.— The crop secured amounted to 
78,933 lb„ being about 29,000 lb. under the estimate 
which is accounted for by the very dry season that 
has effected most of the estates in the district, and 
part of the tea having been attacked by Grey 
Blight (though no permanent damage has been done 
by it) necessitated the pruning down of about 70 
acies, which was not estimated for. The nett average 
price realised was cents 36-43 agrdnst cents 37-34 in 
1898. 
Coconut Division.— This crop was over 200 000 
nuts short of ,the estimate, entirely owing to 'the 
unusually dry season. The total crop gathered during 
1899 was 541,912 nuts, of which 1,460 were sold on 
the estate at the average of E30 per thousand nuts 
The remainder were made into copra— candies 
421-0 2-8, and sold at a nett average of R44-20 per 
candy, as compared with 493 oandiea in 1898 which, 
realised an average of R44-76, ' 
