June 1, 1900.] THE TROPICAL AGRICULTURIST. 
833 
EASTERN PRODUCE AND ESTATES 
COMPANY, LIMITED. 
EiiFORT FOR 1899. 
.. The Directors submit Keport and Balance Sheet 
'f6r' the year ending,' 31st December, 1899. 
The prolit for the year is i;32,892 Os lOd, which, 
added to £9,98u Os lOd, balance from last account, 
amounts to - • ... £42,872 10 8 
From this has to be deducted : — 
laterest in Debentures ...£1,275 0 0 
Debentures for £7, 500 drawn 
and paid off, with bonna 
. of 5 per cent, on 3l3t Dec, 
1899 ... . . 7,875 0 0 
Interim Dividend 2| per 
cent, on Preferred and 
Ordinary Share Capital, 
paid 4th November, 18&9.. 7,475 1 6 
: 19,625 1 6 
leaving a balance of . . . . 23,247 9 2 
which it is proposed to ap- 
preciate as follows : — 
Final Dividend on the Pre- 
fei-red Shar-es of 2/ per 
cent., making 5 per cent, 
for the year, and on the 
Ordinary Shares of 4j per ..Hijiitttit ; 1 
cent., making 7 percent, :-.)T'1> 
for the year .. ..13,440 1 6 
Balance to be carried for- 
ward as provision for re- 
tirement of Debentures iu 
. the current year ... 9,807 7 8 
£23,247 9 2 
It will be observed thattlic Debenture Debt, which 
originally stood at £195,200, will, after the 
appropriation of £7,500 provided for in this ac- 
count, stand at £80,000. 
As shown in the Schedule below, the Company 
on ,^lst December last, had 10,920 acres under 
Tea cultivation, of which 10,030 were over four 
years old. 
The yield of tea in 1899 was 3,950,870 lb., the 
averaf(e ptross sale price bein^ 7"20d. 
The average rate of exciiange for the year was 
is, 4id, as compared with is 4 ]3-64d in 1898. 
J. G. L. Nicholson, Chairman. 
41, Eastcheap, E.C., 11th Ai^ril, 1900. 
Schedule of the Eastern Produce and Estates 
Company's estates at 31st December :— 
Arapolakaude, Asgeria and Bulatwatta, Colonna, 
Condegaila, Doombagastalawa, Dromoland, Hope, 
Ingarugalla aud Berrewella, Kirrimettia, Kumaradole, 
Kambukkau, Labnkellie, Meddeooombra, Norwood, 
Rothschild, Sogamma, Vellai-oya and Dandukelawa, 
Wevekellie. 
Under Tea ,.. .. .. ... 10,92& 
„ Cocoa .. .. .. ... 60O 
., Coffee, Cardamoms and Sundries ... 406 
J, , Forest Grass and uncultivated Land 4,567 
fad 
To which has to bs added the Profit for 
1899 .. ... 1,715 18 5 
Total ... 16,499 
RANGALA TEA COMPANY (CEYLON), LTD, 
REPORT OF THE DIRECTORS. 
The Directors beg to submit the Balance Sheefr 
and Prolit and Loss Account to 31sb December 
1899, duly audited. 
The balance brought forward from last 
year amounted to 
Leas — Amount written off from cost 
of Properties as Depreciation of 
Machinery, etc ••• 300 
d 
518 1 
1,933 19 8 
An Interim Dividend for the year 1899 
was paid on Sept. 21, '99 amoimtiug to 660 0 0 
Leaving a sum of £1,273 19 8 
Which it ia proposed to deal with as follows : — 
1 In payment of a Final Dividend of 2 
per cent for 1899, free Income Tax 
(making 5 per cent for the year) £410 0 0 
2 in wi'itiag off from cost of Proper- 
ties aa depreciation o£ Machinery, etc. 50O 0 0 
3 la carrying forward the Balance of 333 19 8 
i£l 273 19 8 
The Tea crop amonnted to 211,361 lb., and 
the Cardamoms to 4,211 lb. (or 3,743 lb. iiet) as 
against the original estimates of 2:0,0001b. and 5,000 
lb. respectively. The bought leaf was 13,867 1b. 
ing a total toi the year of 225,228 lb. of Tea. 
The sales of Tea show a net average price per 
lb. of 7*03 pence, being equal to, say, 42 cents 
per lb. Exchange for th<3 Company's drafts during 
the year has averaged Is, 4 9 16d., as against the 
exchange for 1898 c)f Is. 4 7-16d. 
The following Table gi\es the acreage of the 
Estates for the last live years : — 
Tea iu bearing 51)1 J 
do partial bearing — 
Tea not iu bearing 112|' 
Cardamoms ■ 65 J 
do not in bearing — 
Grass and Fuel Timber 25 
1S96 
1697 
T398 
1899 
591* 
G3 
591 .'. 
63" 
591 i 
90 
591 i 
90i 
61 
61 
■ ^^ 
56 
34 
56 
56 
56 
10 
14 
25 
25 
25 
25 
444. 
444 
434 
430 
0 0 
218 1 3 
Total 1,2U 1,241 1,241 1,241 1,241 
The following is a Statement of the Tea and Oarda 
mom crops with the yield of Tea per acre for the 
same peiiod : — 
Tea, Cardamoms. Yield of tea per 
lb. lb. acre. lb. 
1S95 .. 201,631 2,172 340 
1890 ... 228,360 4,842 380 
1897 .. 212,555 8,291 360 
1898 ■ .. 206,620 4,026 349 
18f9 .. 211,361 4,211 357 
During the year an additional expenditure of 
£398 18s. has been incurred on Capital Account, 
but from this must be deducted £22 133. 5d. re- 
alised by the sale of Tea Plants. 
The prospects for the current year are so far 
satisfactory, the estimated yield being 220,0001b. 
of made Tea, and 4,000 lb. dry Cardamoms, and 
according to recent advices received from Ceylon 
the yield for the hrst two months of the present 
year was 4,175 lb. made Tea in excess ot the corre- 
sponding period last season. 
« 
LINDOOLA TEA COMPAIfY, LLMITED. 
RETORT FOR 1899, 
Keporb presented at the third annual general 
meeting of the Lindoola Tea Company, Limited, 
held at 12, Fenchurch Street, London, on 10th 
April : — 
The Directors have the pleasure to submit the 
balance sheec and accounts of the Company for 
the year ending 31st December, 1899, duly audited. 
The season proved a favourable one, and the total 
yeld was 189,029 lb, tea plucked ofT 320 acres, being 
at the rate of 590 lb, per acre, costing free on 
board Colombo 24'78 cents per lb. The gross 
average price of the 180,729 lb. sold in London 
■was 8jt per lb, Last year the cvo^i amounted to 
