May 1, 1899.J 
THE TROPICAL AGBICULTURIST. 
779 
£7,691 9 5 
s d 
board Colombo. The gross average price of the 
418,565 lb. sold in London was 10-57d per lb. 
The Profit for the year in- 
clusive of Interest, and after 
providing for General Ex- 
penses, dic, amounts to 
Interest due Vendors and 
on the mortgage, less Income £ 
Tax, has been paid, amount- 
ing to 1,047 9 2 
The first instalment of the 
mortgage of £21,500 has 
been paid, viz. 1,.500 0 0 
Dividend on the 6 per cent. 
Preference Shares for the 
year, less Income Tax . • 319 0 0 
In Interim Dividend of 4 
percent., free of IncomeTax, 
on the Ordinary Shares was 
paid on the 30th September... 1,482 16 0 
It is Proposed — 
To write off the whole of 
the Preliminaiy Expenses ... 193 0 6 
To pay a Final Dividend 
of 6 per cent, on the Ordi- 
nary Shares, free of Income 
Tax, making 10 per cent, for 
theyear, which will require. „ 2,224 4 0 
And to carry forward (out 
of which Income Tax has to 
be paid) the balance of ... 924 19 9 
£7,691 9 5 
The Directors desire to place on record their 
appreciation of the eftcient nianagemenc of the 
Estates by their Superintendent and his Staff. 
The Director who retires on this occasion is Mr. 
Charles Murray Kobertson, who, being eligible, 
offers himself for re-election. Mr. John Smith, the 
Auditor, also retires, and offers himself for re-elec- 
tion. 
Robertson, Bois & Co., Agents & Secretaries. 
12, Fenchurch Street, London, E.G. 
SCHEDULE OF THE COMPANY'S ESTATES. 
Forest 
Grass 
Approxi 
and 
Land 
mate 
Estates. 
Tea in 
Timber. 
Build- 
Total 
bearing. 
ings, &o. 
Acres. 
Talawakelle . . 
302 
76 
24 
402 
Nannoya 
250 
3 
9 
262 
Eatookelle . , 
250 
30 
8 
288 
Totals ... 
802 
ll 
1 
1 
41 
952 
PUNDALUOYA TEA COMPANY OF 
CEYLON, LIMITED. 
Report. — To be presented at the Second Or- 
dinary Annual General Meeting of the Company 
to be lield at the Office of the Company Thurs- 
day, 30th Marcli. 
1. The Directors now submit their Report for 
the year ending 31st December, 1898, together 
with the Balance Sheet and Accounts of the 
Company made up to that date and duly audited. 
2. The tea crop amounted to 627,986 lb., of 
which 627>740 lb. shipped to London realised a 
gross average of 9'27d. per lb. This crop, althougii 
exceedin{< that of tiie previous year by some 4,000 
lb., is considerably less than was expected at 
the commencement of the year, a result due to 
unfavourable weather in the first six months. 
The cost of the production in rupee currency is 
less than in 1897, but in consequence of a higher 
average rate ot exchange the sterling cost of 
production is slightly greater. 
3. During the year 106 acres of land have 
been planted with Tea, and a further 30 to .35 
acres have been opened and partly prepared for 
planting in the rainy season of 1899, while Tea 
Nurseries have been laid down for future ex- 
tensions. Tlie cost of this has been charged to 
Capital Account, as well as the cost of new 
machinery. 
4. The following statement gives details which 
may be of interest : — 
c8 
1898 
1897 
5. 
4) 
5 
acres 
1,640 
1,640 
The 
c3 
<U 
o 
lb, 
627 '886 
623-699 
profit 
• 2° 
6u 
lb. 
383 
380 
for 
o 
A. 
529 
5-22 
Ml 
f-* (a . 
Sad 
2 
s. 
d. 
9-27 
9-52 
9 
d. 
4 3-16 
3g 
a c3 
OA 
§£■ 
13 03 
'> .3 
6 % 
the year inclusive 
of Interest and 
after providing for 
General Expenses, 
&c., ameunted to £7,419 12 4 
To which has to be 
added the Balance 
from last year of 
making Total of... 
The Directors have 
already paid out 
this. Interest for 
the year upon the 
Mortgage, less In- 
come Tax 
Dividend for the year 
upon the 6 per cent. 
Preference Shares, 
less Income Tax 
IncomeTax 
And they propose to 
deal with the 
Balance as follows:— 
To pay a Dividend 
of 6 percent., free 
of income Tax, 
on the Ordinary 
Shares, requiring 
To Transfer to Re- 
serve for Deprecia- 
tion and General 
Purposes (increas- 
ing this Account 
to £2,500) 
And to carry for- 
ward the Balance of 
340 16 7 
£441 17 4 
l,ai4 0 
317 10 
£7,760 8 n 
3,960 0 0 
1,000 
127 
0 0 
0 11 
£7,760 8 11 
6. The Director who retires on this occasion is 
Mr. Charles Murray Robertson, who, being eli- 
gible, offers himself for re-election, 
7. Mr. John Smith, the Auditor, also retires 
and oilers hini'^e'f foi re-election. 
By order ot the Board, 
RonERTSON Bois & Co., Agents and Secretaries. 
12, l-'enchurcli Street, London E C. 
22nd March, 1899. 
