^812 
THE TROPICAL 
AGRICULTUEIST. 
[June l, 1900. 
BALMORAL (CEYLON) ESTATES CO., LTD. 
. ' ANNUAL REPORT. 
Keport i"'esented at the j-ecoiid annual 
general meeting of the Balmoral ((Jeylon) Estates 
Company, Limited, held at tl.e offices of ihe 
Company, 12, Fenchuicli Siieet, E.C., on Tues- 
day, the 10th April, at noon. 
Your Directors have tlie pleasure of submitting 
their report on the year's working for tiie season 
ending 31st December, 1899. 
Tlie estiniateil crop was 470,000 lb., •and the 
yield has been .'5'i8,804 lb., or .58,804 lb. in excess 
of the estimate. Exchange has averaged through- 
out tlie year Is. 4J|-il. per Ke as against Is. 4f'(;d. 
in 1898. 
Sales in London have averaged as follows : — 
Sandiingham, 9'44 per lb. gro.=3 1 Combined averagn 
Clydesdale, 9'.51 per lb, gross ( 9 47 per lb. gross. 
The aproximate acre;igts are as follows: — 
BaudriDgham and 
Yarravale ..413 114 
Balmoral it Clyc!esdale 205 115 
4 
7G 
80 
12 
170 
543 
62a 
182 1,169 
678 229 
The working account discloses a balance of proiit 
£9,168 Is. Id., which, with the addition of £726 
ISs. 2d. from last year, makes a total surplus of 
£9,894 19s. 3d., and such bum has been applied or is 
recommended for application as follows: — 
Payments Made : — 
Dividend on Preference Shares, £30,000 
at six per cent . . .. ..£1,800 
Interim Dividend on Ordinary Shares, 
£52,035 at four per cent .. .. 2,081 
Income Tax .. .. .. 115 
Preliminary Expenses have been written off 322 10 
And it is Proposed ; 
To pay a Final Dividend of 8J per cent 
on Ordinary Shares (free of Income 
Tax) making 12^ per cent for the year 
To carry forward a balance of 
(Out of which Income Tax has to be paid) 
0 
8 0 
C 8 
4,422 19 
1,152 14 
£9,894 19 3 
Mr. J. Hamilton Alston oflfers himself for re- 
election as Auditor. 
TYSPANE TEA COMPANY, LIMITED. 
ANNUAL REPORT. 
Report presented at the fourth ordinary general 
meeting of the Tyspane Tea Company, Limited, 
held at the offices of the Company, 12, Fenchurch 
Street, London, E.C., on Tuesday, the 10th April, 
at2-.30p.m. 
The Directors beg to submit their report on the 
working of the Company'.? estates for 1899. 
The crop was 258,370 lb. this year against only 
226,410 lb. in 1898, when most unfavourable 
weather prevailed. 
Shipments to London aggregated 181 25,011)., and 
realLseil net the amount of £4,86> 2s 11, or a net 
average of 6 44 per lb, against 183,270 1b. in 1898, 
bringing in net proceeds of £4,603 lOi 9d, and a 
net average of 6 03 per lb. 
Exchange averagtd l/4 23-64th per rupee as 
&;'ai'ist 1/4 7 .32'ulsin 1898, 
The result of the year's working and tlie 
application or propo.sed application of profits may 
be thus summarised : — 
Profit on working during 1899 
Add Balance uudistribuied in 1898 
Less Interim dividend of 
3 per cent paid 
Proposed payment of 
FiualDivideudof 5 per cent 
Proposed transfer to De- 
preciation Reserve (making 
the total £500) 
Balance to be carried 
forward 
£1,589 11 6 
315 3 10 
£1,904 15 4 
£540 0 0 
900 0 0 
250 0 0 
214 15 4 
£1,904 15 
It will be noticed that the Di lectors again pro- 
pose to transfer £-.^.50 to Depreciation Reserve 
Account, in view of the considerable further capital 
expenditure (about £700) to be incurred during 
the current season, on an increase of withering 
accommodation, and the purchase and erection of 
two new fans. 
Consequent on the death of Brigade-Surgeon 
John Bennett, and the protracted residence abroad 
of Mr. E. Duniaresq Thomas, the Directors have 
appointed Mr. Walter Cross-Buchanan and Colonel 
E D Newnham-Smith to seats on the Board, and 
their names are now submitted for election to the 
shareholders. 
The Auditor, Mr. J Hamilton Alston, offers 
liimself for re-slection. 
The acreage of the estates is as follows : — 
Acres. 
Tea in bearing 
665 
Tea in partial bearing 
12 
Tea planted in 1895 
16 
do 1890 
47 
do 1897 
10 
do 1898 
28 
do 1899 
4 
Timber clearings 
22 
Jungle, Scrub, &a. .. 
164 
968 
YATIYANTOTA CEYLON TEA CO., LTD. 
ANNUAL REPORT. 
Report of the Directors submitted at the thini 
annual general meeting of shareholders held at 
the London Commercial Sale-rooms, Mincino- 
Lane, London, E.C., on Monday, the 9th April, at 
2-30 p.m. 
The Directors now beg to submit their report on 
the working of the Company for 1899, togethei 
with the duly audited accounts to 31st Deceurber ot 
that year, and they are pleased to be able to 
present a statement which they trust the share- 
holders will join them in regarding as satis- 
factory. 
The plucking area, in full and partial bearing, 
on all the estates was 2,376 acres, and from this 
area the crops amounted to 1,343,387 lb. In 
addition, 8, 128 lb. tea were made from purchased 
leaf, giving a total crop, as shown in the estates' 
working account, ot 1,. 351, 515 lb. 
Of this quantity, 766,575 lb. were sold in 
Colombo, and the balance of .''84,9401b. was 
shipped to London ; the net average realized for 
the wliole being 5'68d. per lb. 
Including purchased leaf, the average cost f.o.b. 
(or delivered to buyers in Colombo)" was 3-48d. 
per lb , at an average exchange 4 of ls51§d.. per 
