810 
THE TROPICAL 
AG-RICULTURIST. 
[juNK 1, 1900. 
of forest and on the purchase of tea seed ; a larger 
acreage has been iiiaaured, and the average rate 
of exoliaage was 1/i 5 IGths agaiast 1/1 3 lC!th3 last 
year. 
The total yield was 119,511 lb. Tea platked off 
802 acres, being at the rate ot 523 ib. per acre 
costing about 27 cent-?, or say 44d per lb. free on 
board Colombo. The gross average price ot the 
419,110 lb. sold ill London was 10-23d per lb. Lasb 
year the crop amounted to 42l,2Sl lb. top., and was 
sold at an average price ot 10-57d per lb. 
The Net Profit for the year 
amounted to .. £7,291 7 2 
To which has to be 
added Interest ... 87 6 10 
And the balance from 
last year of . . 924 19 9 
— £8,303 13 9 
Interest on the Mort- • 
gage less Income 
Tax, has been paid, 
amounting to .. £966 13 4 
The second instalment 
of the Mortgage of 
£21,500 has been 
paid, viz. .. 1,.500 0 0 
Dividend on the 6 per 
cent Preference 
Shares for the year 
less Income, Tax. has 
been paid . . 319 0 0 
An Interim Dividend 
of 4 per cent, free of 
Income Tax, on the 
Ordinary Shares 
was paid on the bOtb 
September . . 1 482 16 0 
Income Tax . . 320 9 4 
It la proposed — 
To pay a Final Divi- 
dend of 84 percent 
on the Ordinary 
Shares free of Income 
Tax, making i2i per 
cent, for the year, 
which will require . . 3,150 19 0 
And to carry forward 
the balance of . . 563 16 1 
^8,303 13 9 
The Directors desire to place on record their 
appreciation of the efficient management of the 
estates by their Superintendent and his Staff. 
The Director retiring on this occasion is Mr. 
Charles Murray Robertson, and he being eligible, 
offers himself for re-election. 
Mr. John Smith, the Auditor, also retires and 
offers himself for re-election. — By order of the Board, 
Robertson, iioia & Co., Agents and Secretaries. 
BCHEDUIiE OP THE COMPANY'S SSTATES. 
Estates. 
Talawakelle 
Nanuoya 
Kattookelle 
(a) 302 
250 
250 
iil 
81 
3 
30 
fa a 
(i) 22 
9 
< 
Acres, 
405 
262 
288 
Totals .. 802 114 39 955 
(a). 3 acres leased from the Proprietors of the 
Boutiques. 
(/<). 2 acres leased to Bleasrs. Davidson and 
Browne. 
BANDARAPOLA CEYLON COMPANY, LTD. 
ANNUAL I{,EPORT. 
The following is from the report of ti e board 
of the directorfi i)re.sente(l to the sliareholdera at 
tUjh' SQVeruh aatmal oidiuary meeting, held at the 
office of the company on Thvir.sday, April 5lU ; — • 
The directors have now the pleasure to ea'o- 
mil to the sharohoklers the accounts and balatice 
sheet for the year ending 31>=t Deceniher 1899. 
After payment of debsntnre interest and all other 
chM-ge"?, the net profits, for th'! year amount to 
£3,924 3s fid, to which has to be added £54 63 8d 
brought forward from the previous year, giving a 
total sum to be now dealt with of £3,<j78 10s 2d An 
interim dividend of 3.7 percent, (free of income tar) 
paid in September, 189;), absorbed £735. It is now 
proposed to pay final dividend of 6i per cent, 
(also free of income-tax), making 10 per' cent, 
for the year, and arjounting to £1,365. To write 
off for depreciation on buildings and machinery, 10 
per cent, on .-£'5,850 12j 51, £585 Is 3d ; to write off 
the capital expenditure incurred during 1899, £i'Oj 
IO3 6d ; and to place to reserve, britDging that account 
up to £2,000, £475, £3,766 lis 9d ; leaving a balauce ti 
carry forward of £211 I8i 5d. Thi crops secured durin;^ 
the past seasou auionnted to 524,259 lb. tea, and 
295 cwt. 3 qrs. 20 lb. cocoa, ag.tinst 895,270 lb. tea, 
and 195 cwt. Oqrs. lib. cocoa in 1898, shewing the 
very satisfactory incre.ises of 12'5,939 lb. and lOO av/t. 
3 qr. 19 lb. respectively. The average return over al 
the tea in full and partial bearing was 716 lb. per 
acre, which shows a considerable advance on pre- 
vious years, while the uver<'ge price realised was 
6'633d against 6'155d for 1898. The system itic manur- 
ing of the com'jany'a property is being steadily pro- 
ceeded with, 225 acres having been treated during 
1899 at a co-it of about i;630, which, as usn:il, is 
included in the year's expenditure. During thecouisa 
of the year a little lot of land, about two acres, 
has been bought and planted, aud the acreage of 
the estate is now approximately as follows: — Tea in 
full bearing, 576 acres ; Tea in partial bearing, 206 
acres ; Tea not in bearing, 2 acres ; Cocoa in full rnd 
and partial bearing, 220 acres : Grass, &c., 12 acres ; 
Total cultivated areas, 1,022 acres: reserve, jungle, 
&c., 520 acre : total estate, 1,542 acres. The board 
again take the opportunity of recording their appre- 
ciation of the services of their Ceylon manager, Mr. 
James Anderson. The debenture issiio remains un- 
changed at £14,00C, of which £2,500 matured for 
payment on January 1st last, and were renewed for a 
further period cf thvie yi-ars at fivo per cent interest. 
In accordance with the articles of Association Mr. G. 
W. Pain retires from the Board, and, being eligible, 
offers himself for re-election. Mr. John Dalgleish, 
C.A., also offers himself for re-election as Auditor. — 
G. W. PAIKE, Chairman. 
— H. and C. Mail, March 23rd. 
^ . 
HIGHLAND TEA CO. OF CEYLON, LTD. 
ANNUAL REPORT. 
Beport of the Board of Directors. Presented to the 
Shareholders at their Fourth Annual Ordinary 
Meeting held at the Office of the Company, 16, Philpot 
Lane, London, E.C., on 3rd April, at noon. 
Tlie Directors have pleasure in submitting to the 
Shareholders the Report aud Accounts of the Company 
for the year to 31st December, 1899. 
The net profits for the year 
amount to £3,006 83 4d, to which 
has to be added £702s Id brought 
forward from previous accounts, £. s. d' 
giving a total to be dealt with of. 3,076 10 0 
An Interim Dividend of 3 per 
cent (free of Income Tax) paid £. s, d. 
in September, 1899, amounted to 960 0 0 
It is now proposed to pay a 
Pinal Dividend of 4 per cent, 
(also free of Income Tax) (mak- 
ing T per cent for the year) ab- 
sorbing .. ... 1,280 0 0 
To place te Reserve Account . . 500 0 0 
And to write off New Clearings, 
&c. .. .. .. 250 0 0 
-2,990 0 0 
Leaving a btvlaace to carry forward of 86 10 § 
