694 
THE TROPICAL ACrilCULTURIST, 
[Ai-KiL 1, 1899. 
THE NAHAVILLA ESTATES CO , LTD. 
The Directors beg to present their Report togelher 
with a -tiiteraent of accounts for the fittbetn uiontha 
ended 31st D^iceinber 1898. 
Tlie Shareholders were duly advised that for con- 
venience of woilting it had been decided to extend 
the season from the 30th September last to the 31st 
December, iind the pgricultural ye^r from now 
onwards will dale from the 1st of January. 
The Tea Cl op secured for the fifteen monilis Riaounted 
to3(j2,8.')U lb. and the Coff> e crop for th6 same period 
represented a total of 'JOG bushels of parchment. 
The workiii- for the fifteen months after deducting 
a sum of lU, 717-40 for loat Coast I'dvarices, shew a 
profit of K20,312 .30. Tne nett surplus after prouding 
for interest on niortages and other charges amounts 
to RIO, 711-30, ctjuiil to about 1 per cont on the paid 
lip Capital of the Company, but seeing that thei e will be 
further expenditure to meet under head of Buildings 
and Machinery, and that Ih^re is also the upkeep 
of a large acreage of young Tea to provide for, 
which is as yet giving no returns, the Directors would 
recomnund that this bahiaoe be carried forward to 
the New Tear. 
It will be seen that better prices have been 
obtained for the Ury, Mahap ihagalla and Galella 
Teas than last year, and since the completion of 
the Naliaviili Factory, this Estate Teas have also 
improved. 
The expenditure on Galella, thiMugh uuavoidablo 
causes was exceptionally high, and prices were very 
low for the first 11 a-h of the season. Lately ihey have 
shewn considerable improvement, and as the exp^'iidi- 
ture for 1899, including cost of manuf icture at Eila- 
mulla Factory is estimated at 31 cents per lb., a fair 
profit should result this vear. 
The Shareholders will have been prepared, froiri 
what was said in the last report for some loss under 
head of Advances, and the Directors do not conceal 
the fact that there are further sums which may have 
to be written ■ ff, but the Superintendents will do their 
best to recover uutstandiug.^, 
Tha estiinat-is for the new year point to 9. total 
tea crop of 315,001) lb. and 1,360 bushels of coffee. 
There will be no cinchona bark, the trees having all 
been coppiced this ye:o'. Thcpe estimates of produce 
are consideied to be \rithin the limits of 
lea^onab e expectation, and if prices are maintained 
prospects poiuli to a fairly good profit ou the season's 
vo king. 
The following is a definition of tlie Compauy's Es- 
tates as at 31si December, 1898. 
Naha- Ury Maha- Galella Total 
villa pahagalla 
A. A. A. 
Tea in full bearing 251 209 195 *2d4. 
Tea in partial bearing 17 101 22 
Tea n'lt in be' riug 
and being planted 75 217 ' 35 fi 
Coffee .. 112 41 — _ 
Forest .. 15 60 5 70 
Grass, Fuel, Trees 
and Patana .. 71 l.-;2 sj. oil 
A. 
91!) 
170 
153 
31 
601 766 341 616 2324 
A detailed plan shews the acreage of tea in bearino- 
on Galella to be 204 instead of 313 acres as per las't 
statement. 
Mr. ES Grigaon, ou his return to the Island resumed 
his seat on the Board of Direc ors, and upon ilr 
Mason leaving for England, the vacancy thus created 
was filled by the appointment of Mr. (jordou Pyper. 
Mr. Orchard now retires by rotation, and be-ni' 
eligible offers himself for re-election. ' " 
The appointment of an Auditor will res^ with the 
meating.— By order, Geoege Steuart Co., Agents 
and Secretaries. 
Colotnboi Feb. 21th 1899. 
THE ItOEBEfiUV TEA COMP.WV. 
THE KEHOUT 
of (he directors was i>ubniiii«tl a» follu 
Directors :-Percy Bois. Esq., W. U. rigg. Lbu. aud 
Giorge Alblou, Esq. 
Tea in bearing ... 612 tero* 
„ l>lanted 1896 ... 127+ 
18'.i7 ... 1,0 
Cardatoouis planted in 1897... 
709i 
i 
_,. 713i acres m cultivation. 
J.ne Directors have now to i-ubmit th.ir Tbird 
Annual Report and .• ., f 
year enomg 31st D of Tea 
during the psiiod has I . , . .i . ^ 94 cts. 
per lb., as aRainei 35 31 cts. Usl year, •od t«alirini{ 
39-94, as against 38 50 cts. for the 6ame ppriod. 
On (I reference t.j toe Hccomas. it will be iscen 
that (he sum al cndit of Profit und Eons Accouut 
including the cum brought forward f-oro last year. 
18 9.113 05, after ftllowing for Depreciation on liuild- 
lugs an J Machinery, and out of thi? Kum the Direcior* 
recoDimendlhal a dividendai thi- rate ot 3perceDt p«T 
annu M b.- Ueciarcd. absorbing K9,0 K.1 IK). l.-«vii,g a guru of 
K113 05, to be earned forwaid tu the current year. 
Owing to very nniavoQiable weather uuring the 
latter portion of the year, the crop fell considerably 
short of the estimate which wa» ^00,000 lb., and the 
result of the year's working is consnjuently not io 
satisf.tctory as Was at one linio anticipated. 
The estimate for the current year ii200fi00 lb of 
M "K"""' expeiiditnie of K58,390 00. 
>ii r> S iiidys rhoinas visited the estates on the 
-Ut December last, and found everylbing generally 
in 1 sitlisfaciory condition. 
The retiring Director is Mr. Peiof Boia, who i« 
eligible for re-electum. 
The appointment of an Auditor for the current year 
'■^"'r^.'^^l'i' 'ilv. V"-'—^-"' "'•'l" °f D;reclors 
r. ^^"■'^ ' -^S^^t^ =^'"1 S^-crctarie.. 
Colombo, Sod March, 1890. 
PALMERSTUN TEA COAIPANY. 
Tni-: REPORT. 
The report of the directors was tlien submiKeJ 
as follow.s : — 
Dacctors:-Percy Bois, Eeq., W Sandya-Thomas. 
Esq., G C Alston, E<q. 
Acreage:— Tea in bearing .. 451 acres 
do coming into bearing 8 do 
do not in bearin j . . 4 do 
Jungle and timber 20 do 
Grass, tSrc ... 4 do 
rr,. T.- . , a-cres 
xne Uirectors have now to submit t ieir third an- 
tiiial report and account, being those for the year 
ending ;.;ist December last. The yield of the tea 
during the period has been 198,941 lb cos- ing 29 55 as 
against 32 18 last year, and realising 4612 per lb as 
against 50 69. 
As will be seen from the accounts, the net profit 
for the year amount to E22,237 73 after writing off 
the sum of R5,768 22 for depreciation on buildings 
and machinery. A^n iutenm dividend of 2 per cent 
•waj paid ou the 10th Sept. 1898 absorbing E8 200, 
and the directors recommend that a final dividend of 
3 per cent be declared, making a total of 5 per cent 
tor the year and leaving a sum of El.787-73, to be 
carried forward. 
Mr. W Sandys-Thoma.s visited the estates in January 
and found every thiuggenerally in a .satisfactory condition 
In terms of the Articles of Association, Mr. G C 
Alston now retires from the Board, but is eligible for 
re-election. " 
The app-^ictment of an auditor for the current 
^ BO?S RPnTRFR*cf'J"^^-~?^ of the Directors, 
BOIS BEOTHERS & Co., Agents and Secretaries, 
