Apkil 2, 1900.] THE TROPICAL AaRICULTtJRIST. 
703 
DarinK 1899 the Directors eoiisiclered it advisable 
to enlarge the withering accommodation of the fac- 
tory, in conaequenca of the increased quantity of 
leaf anticipated this year, and for the same reason 
they have also purchased a new Rapid Roller and 
a large Down-Draft Sirocco. 
The estimates for this year are . Tea, 184,000 lb. 
against an expenditure on working account of 
R42,518-50, which includes the purchase of 80,000 lb., 
green leaf from other estates. Coconuts,— 600,000 
nuts on an expenditure of R14,100. These estimates 
include R7,180 to be expended on manuring. 
After maliing the usual proviaion for depreciation 
of buildings and machinery, the result of the year's 
working shows a loss of R5,993'30. 
Messrs. W H Figg & J A Henderson having re- 
signed their seats on the Board, Messrs. G H Alston 
& H Tarrant were appointed to fill the vacancies. 
In terms of the Articles of Association, Mr. G H 
Alston retires from the Board of Directors, but is 
eligible for re-election. 
The appointment of an Auditor for the current 
year will rest with the meeting 
THE UNION ESTATES COMPANY OF 
CEYLON, LIMITED. 
THE ANNUAL EEPOET. 
Acreage. 
3 bfl M 
° ^ is 
CO a> w Q 
V j2 V ^ 
•~ . Grass, 
. i 0% Jangle 
c^ S -5 "S and 
o S a -S-E; Waste 
EH~E-i'~ Od eh'" Land. H 
Hayes Gtinp 518 5 — 25 546 1,66,5 2,211 
Dea Ella . . 248 — 91 — 339 147 486 
766 3 91 25 885 1,812 2,697 
The Directors now submit to the Shareholders the 
accounts of the Company for the past year. 
From the Ist September the Directors arranged for a 
four years' lease of Longford estate, which is 256 acres 
in extent, 142 acres of which are mnder tea. The terms 
arranged are that this Company undertakes te pay 
from time to time as they fall due, the assessments due 
by Longford estate for the construction of the Anning- 
kande-Uayes road, which amount to R2,841"ll, or say 
a little over R700 per annum. 
This estate has for many years been managed by 
the Superintei;dent of Hayes and its tea manufactured 
at Hayes Factory at a price which left a fair profit to 
the Company. Had the estate passed into other hands 
this profit v.'onld have been lost, which at the above 
rental will still be earned by the Company. 
The tea crops secured amouated to 82,330 lb. (in 
eluding 18,332 lb. purchased leaf) on Dea Ella, 
219,778 lb. on Hayes, and 12,963 lb. on Longford during 
four months, while 9,641 lb. and 32,469 lb. were mauu- 
faietured for other estates. The average prices realized 
Werfe 36 cents for Dea Ella ana 38'65 cents per lb. for 
Hayes and Longford teas, which were sold together 
under the Hayes mark on an all round average of 
37'96 cents per lb. as against 34 32 cents in 1898. The 
cocoa crop on Dea Ella amounted to 95 cwts., which 
sold at an average of E40'25 per cwt., while the small 
crop of Cardamoms from Hayes realized Re. 1'12 per 
lb. nett. 
The road to Hayes Factory has now been opened 
for some tiilie and has been of great service to the 
estate. The plant for electrical transmission of 
power to the factory has worked most successfully 
during the year. 
After writing off to coast advance reserve account 
the sum of Rl,500 as a provision for doubtful ad- 
vances and the sum of R165'07 for bad debts, and 
transferring to depreciation account on the usual 
scale, the sum of R10,306-91, (which is equal to 3-22 
per cent on the capital of the Company,) the nett 
profit for the year amounted to Rll,456"7(5, equal to 
3"58 per cent on the capital of the Company, To 
this has to be added the balance of R275'39 brought 
forward from last year and R86'71 surplus over esti- 
mated proceeds of crotp unsold at end of 1898. 
In view of the amotint still owing to the bank the 
Directors regret that they cannot recommend the 
payment of a dividpnd, but" would suggest that RIO.OOO 
be tfansferred to an extension fund account and the 
balance of Rl,8l8-86 caiTied forward to the current 
year's accounts. 
Capital expenditure during 1899 amounted to 
R8,268'57, of which R4,054-62 was expended on com- 
pletion of electrical transmission installation and ihe 
balance on the upkeep of acreages not in bearing, and 
on necessary additions to Blachinery and Buildings. 
Crops for the currant year are estimated at 366,000 
lb. tea, 120 cwfcs. c;-)coa and 200 lb. cardamoms, on 
an expenditure of Rlll,855 29, while expenditure on 
capital account is estimated at R3,500, principally on 
upkeep of acreage not in bearing and the erection of 
new lines on Hayes Estate. 
In terms of the articles of Association l\Ir. W, D. 
Gibbon now retires from the office of Director, but 
is eligible for re-election. 
The appointment of an auditor for the current year 
rests with the meeting. 
THE ESTATES COMPANY OF UVA, LD, 
THE ANNUAL REPORT. 
ORE AGE : 
fl.S |.S H I -3 
^-r H I II ^ 
o 
Dammeria Group 515 60 29 04 30 556 IISO 
Battawatte and 
Forest Hill 413 178 .. 591 .. 164 755 
Gampaha 455 78 57 590 45 231 866 
1383 316 86 1785 75 951 28U 
The Directors now submit to the Shareholders 
the accounts of the Company for the past year. 
The crops secured were as follows, 530,695 lb. tea, 
495 bushels coffee, about 143 lb. cardamoms nnd 54 
cwt, cocoa. During the year 54,891 lb. tea were 
manufactured for other estates on Gampahe, while 
it was necessary, owing to want of withering space, 
to manufacture elsewhere 8,590 lb. of Battawatte ten. 
The new withering house on Battawatte is now com= 
pleted and there is ample space to deal v^'ith the 
crops for some time to come. The cart road through 
this estats is now finished, and difficulties of trans- 
port are in consequence considerably lightened. 
After writing off for depreciation of buildings and 
machinery on the usual scale the sum of R17,638'19 
(equal to 2-48 per cent on the capital of the Company), 
and a small irrecoverable coast advance of R24'33, 
the profit for the year was R24,519'05, equal to 3'45 
per cent on the Capital of the Company. There 
falls to be added to this the balance brought forward 
from 1898, R9,842 10, and a surplus of R43-89 over 
the estimated proceeds of produce unsold at the end 
of 1898. The Directors recommend the payment of 
a dividend of 3 per cent for theyear, and that the balance 
of R13,090 04 be carried forward to the current season's 
account. 
During 1899 the expenditure on Capital Account 
amounted to R29,753 03 ; the erection of the new 
withering house on Battawatte cost R15,681'34, the 
contribution on account of the construction of Forest 
Hill cart road amounted to R4,053'84, and the balance 
was expended on the opening of 15 acres on Gampaha, 
the upkeep of acreage not in bearing and on small 
additions to the buildings and machinery and erection 
of new lines. 
The crops for the current year are estimated at 
581,000 lb. Tea, 50 bushels Coffee, 60 cwts. Cocoa 
and 150 lb. Cardamoms on an espenditare ol 
R181,417-85, 
