830 
THE TROPICAL 
AGRICULTURIST. 
[jrxE 1, looa. 
IMPERIAL CEYLON TEA ESTATES, LTD. 
ANNUAL KEPOBT. 
The Directors now beg to submit the balance 
sheet and profit and loss account for the year end- 
ing 31st December, 1899. 
The Nett Profit, afterpayment of 
Debenture and other interest for 
the year, amounts to ... £4,716 0 11 
To which has to be added the 
balance brought forwai'd .from 
1898 
This the 
follows ; — 
Directors propose to 
42 4 6 
£4,758 5 5 
deal with a 
(1) In writing off from 
cost of Properties, 
as Depreciation of 
Machinery, &c. ... 
(2) In payment of a 
Dividend of 4 per 
cent (free of Income 
Tax) on the paid up 
share capital of the 
Company 
(3) In carryingforward 
to next year the 
balance of ., 
£500 0 0 
3,600 0 0 
6:)8 5 5 
£4,758 5 5 
The item of £430 lis 8d for manuring broue;ht 
forward from 1898,and the whole expenditure under 
this heading during 1899, have been cliarged in 
the Profit and Loss Account now presented. 
The following table gives the acreage and re- 
sults for the year : — 
Estate. 
3 W! 
<D S 
441 
P4 
a a 
"Binoya 
Endinburgh 362 
.Friedland 161 
Mottingham 221 
St. Vigeans 185 
O 
c8 
CD 
H 
193,134 
175,267 
59,157 
100,460 
63,149 
CD . 
U CD 
(B & 
.2 a 
u *^ 
o 
<£ 
1^ 
ta 
ft 
no 
438 27.75 6.12 
484 24-60 7.14 
367 28.90 7.17 
455 29.48 6.40 
341 31.07 6.88 
"1 ' "ti^ 
Working 
Profit. 
1,421 14 4 
2,961 2 10 
603 2 10 
519 6 5 
478 0 11 
1,370 591,167 432 27.59 6.59 
Non- f 36 10,023 ) _ _ _ 
pareil I Bgt. leaf :— 5,656 j 
5,983 
612 
1,406 606,846 432 27.58 6.56 6,595 9 1 
The working profit of Nonpareil arises principally 
from the Coffee Crop of Bus. 2,5482 which realised 
.£1,912 3s 5d, as shown in the accounts. The Tea 
fields on this Estate ha\'e made very good growth 
during the year, and in this resi^ect they have 
exceeded expectations. A larger acreage is there- 
fore being retained in Tea than was stated in 
last year's report. Some land is being planted 
with Cardamoms, there being about 40 acres 
suitable for this product. 
The returns from St. Vigeans were adversely 
affected by drouglit in the earlier months of the 
year, from which the bushes did not recover in 
time to benefit by the more favourable weather 
latterly experienced, 
The total acreage of the Estates as on 
January, 1900, was as follows : — 
1st 
Acreage under Tea. 
Estate. 
Binoya 
Edioburgh .. 
Friedlaud 
Mottingham 
St. Vigeans ... 
Nonpareil . . 
a be 
a 
441 
306 
161 
212 
185 
e8 — 
56 48 
30 280 
EH 
526 
410 
161 
221 
ibj 
316 
O 
% 5 
— 403 
— 40 
— 2 
— 37 
14 219 
939 
4.50 
163 
258 
185 
54f) 
1,305 101 413 1,819 14 701 2,534 
Ttie acreage given of Edinburgh includes 11 acres 
in full bearing and 2 acres in partial bearing of 
Tea, planted in reservation land rented from 
(;lovernnient. 
The Capital Expenditure <Iniing the yiar on Tea 
clearing.s was for the upkeeji of 390 acres not in 
bearing, .ind for opening and planting with Tea 
23 acres on Edinburgh. 
NUWARA ELIYA TEA ESTATES CO., LD. 
REPORT OF THE DIRECTOP..S FOE 1900. 
The Directors have pleasure in subiiiitting the 
duly audited accounts of the Company to 31st 
December, 1899, and they trust the Sharelioldeia 
will join them in regaiding as satisfactory the 
results of tlie working for the past year. 
The Crop Account, after deducting £1,734 15s 6d, 
the co.«t of neces.sary additions to Buildings and 
Machinery during 1899, shews a profit on the 
year's working of £20,271 16s Id. 
The Profit and Loss Account inclndes 
£1,609 17s lOd brought forward from 1898. 
The Directors have written oft the sura of £2,000 
against the Estates Cost Account, and have 
added £.300, as before, to the Sinking Fund against 
Cost of Leases. After providing for these items, 
as also for Debenture Interest and the usual 
General Expenses, there remains for distribution 
a balance of 
An Interim Dividend of 3 
percent, free of Income 
Tax, was paid on 12th 
Oct., 1899, absorbing . . 
It is now proposed to pay 
a Fiual Dividend of' 4 
per cent, free of Income 
Tax, making 7 per cent 
for the year, which will 
absorb a further 
And to carry forward to 
next year the balance of 
£16,599 0 10 
£6,000 0 0 
8,e00 0 0 
14,000 0 0 
£2,599 0 10 
The Crop of Tea from the Company's Estates 
amounted to 1,326,875 lb., which realised an 
average nett price ot 8'62d per lb. shewing a de- 
cline of 0'59d. per lb. from the average price 
of 1898, and caused mainly by the markets 
during the year being moiein fdvor of the lower 
kinds than of high grown Teas. 
The'averace rate of Exchange for the year works 
out Is 4 9-32d per rupee. The cost of the placing 
the crop free on board Steamer, or delivering to 
buyers in Colombo, was 4 77(1 per lb., which cost 
jnclades the rent of Leased lands, as also the 
