March 1, 1899.] THE TROPICAL AGRICULTURIST. 
631 
CI.AREMONT ESTATE COMPANY, 
LIMITED. 
The report is as follows : — 
ACREAOIS. 
Tea in baarlnc; .. .. 200 acres. 
Tea planted, 1S95 . - . . 46 ,, 
Forest, Ravines, ct J. .. 90 ., 
Total .. 3„3 „ 
The diL'ectors snbrnit herewiih the brvlance sheet 
and prolit and loss account, duly audited, for the year 
ending 31st December, 1898. 
The yield for the year was 80,022 lb. against an 
estimate of 80,000 1b., or just over 400 lb. per acre, 
coating in Colorabo 23-38 cents per lb., after deducting 
111,500 on capital account. 
The tea was all sold locally, realising .33'10 cents 
per lb. nett. 
Tho estimate fer 1890 is 8."),000 lb. 
During the year Mr. J P Baker resigned hif seat on 
the board and iSIr. J G Russell w.i.3 elected to fill the 
vncaiicy. 
Messrs. J G Russell and R Hnyshe Eliot retire 
from the board by rotation, and are eligible for re- 
election. 
The election of an auditor rests with the meeting, 
and M'-. J Guthrie again offers his services. 
^ 
MAHA UVA ESTATE COMPANY, LD. 
THE REPORT. 
The report was as follows : — 
Acreage. 
Tea in full bearing ... 490 acres 
Tea in p irtiiil bearing .. 100 ,, 
Tea not in bearing ... 2.5 ,, 
Cardamoms . . 85 ,, 
Grass ... 15 ,, 
Total Cultivated .. 724 „ 
Jungle and Waste land, &c. 234 ,, 
Total of Estates .. 958 ,, 
Tho Directors now beg to place before the Share- 
holders the accounts of the Company for the past 
year. 
The crop secured amounted to 198, .383 lb tea as 
against 179,21)3 lb in 1897, being 32,000 lb below 
the estimate for the year; this deficiency is accounted 
for by the short rainfall during the first eight months 
of the year. Tho nett average price realized was 
42 cents per lb as compared with 43 cents in 1897. 
Of the cardamom crop 3,751 lb were sold for RG,435 53, 
or about iir71 per lb., leaving about 4G0 lb yet to be 
realized, which has been estimated at R1'50 per lb. 
There was also a small quantity of coffee, 285 bushel i, 
which fetched Rl, 545-20, but very little more of this 
prodact may be exp-cted. 
After making the usual ample provision for depreci- 
ation of Buildings and Machinory the amount at credit 
of Profit and Loss account for the year's working is 
R18, 806-19, equal to 6'27 per cent on the capital of 
the Company; this with the balince of R5,789'20 
brought forward from the previous year makes a total 
balance at the credit of ProKt and Loss account of 
R24,.595 30. The Direciors recommend the payment 
of a dividend of 6 p»r cent for the year, and that the 
bal.ince of R6, 595-39 be carried forward to the cur- 
rent year's acco "it. 
Tho estimates for this year are 230,00^ lb tea, 100 
bushels of cherry coffje and 6,00011) cardamoms, on 
an expenditure on the estrte of Klir),,S38-89. 
The outlay on capital account during the past year 
amounted to R17,036 01, nearly all of which was 
expended on additions to Buildings and Machini-ry. 
It is anticipated that there will only bo a small ex- 
peudilurt) of 1U,77;3 ou capital aucouut daring ld9'J. 
During the year Mr. W. H. Figg resigned his seat 
on the Board, and Mr. Edward J. Young was ap- 
pointed in his place. In terms of the Articles of 
Association Mr. G. H. Alston now retires from the 
office of Director, but is eligible for re-election. 
The appointment of an Auditor for the current 
year will rest with the meeting. 
THE DIVIDEND. 
The Chairman said tiiey would see in the re- 
port tliat the Directors proposed a dividend of 
six per cent per annum and this he thought tliey 
could do quite freely. It disposed of KlS.^iO'o 
and left, K24,oOL) to tlie creilit of the profit and 
loss account. He proposed that a dividend of 
six ptr cent be declared and paid fortliwith. 
iMr. EoltBES seconded,— Carried. 
^ 
KIKKLEES ESTATE COxMPANY, LIMITED. 
THE REPORT. 
ACREAGE 31ST DECEMBER, 1898. 
Tea in full bearing .. 327 acres. 
Tea in partial bearing .. 50 ,, 
Tea not in bearing .. 23 ,, 
New Clearings .. 45 ,, 
Timbev and Cardamoms, about 105 „ 
Uncultivated Land . . 167 ,, 
Total.. 717 acres. 
The Directors now submit to the Shareholders the 
accounts of the Company for the past year, 
The crops secured during the year were 106,852 lb 
tea and about 1,108 lb. cardamoms, and in addition 
4,504 lb. tea, were manufactured from bought leaf. 
The average net prices realized were 39-33 cents 
per lb. for the tea xud Rl-62 for the cardamoms. In 
addition to this 44§ bushels cherry coffee were 
harvested, which sold for R213 and Rl, 680-60 was 
received for the manufacture of outside leaf. 
After making aniple provision for depreciation of 
Buildings and Machinery and setting aside a sum of 
11500 to cover possible loss of coast advances, for 
which the Directors consider it adv'sable to make 
provision, the profits for the past year amount to 
Rl,867-37, to which h is to be added R3,6l7-37, the 
balance brought forward from 1897, making a total 
of R5,484 84 available for dividend. The Directors 
now recommend the payment of a dividend of 4 per 
cent for the year, leaving a balance ®f Rl, 484-84 to 
be carried forward to the current season's account. 
The crop secured fell very short of the estimate of 
130,0001b. This shortfall was caused by the abnormal 
dryness of the season, and may also be attributable 
partly to its having been considered advisable 
during the year to prune nearly the whole of tho 
older tea. 
The crop for the current year is estimated at 
125,000 lb. tea and 2,500 lb. cardimoms, on an 
pxpfMidituro on the estate of 1(38,911-73. During; 
1898 a net sum of R6,899'53 was expended on capital 
account in opening up 45 acres tea and planting fuel 
trees, the upkeep of the acreage no^ yet in bearing 
and the erection of a cardamom house for preparing 
the increasing crops of this prodact. During 1899 
the ciipitnl expenditure ia estimated to amount to 
only R2,860. 
In terms of the Articles of Association Mr. W H 
Figg retires from the office of Director, but is eligible 
for re-election. The appointment of an Auditor for 
the current year will rest with tho meeting. 
-♦ -— 
YATADEUIA TEA COMPANY OF 
CEYLON, LTD. 
The Directors have the pleasure to submit tha 
balance sheet and profit and loss account for the year 
ending ;!l^t I)(-ceniber, 1898, duly audited. 
After providing lW,277-73 for depreciation of liuild. 
ings aud machinery, the profit for thoyeur ii lilU,2Ji'77 
