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THE MAZAWATTE TEA COMPANY. 
An issue of 14,000 live rier cent, cumulative 
£5 preference siiares is auDounced by the directors 
(if Ihi.-s company. These s!)ares form part ot 
20,00'i in all, by the creation of which the capital 
of tlie company is raised to £050,000, viz., £300,000 
in |)reference and £350,000 in ordinary shares, 
the former of £5, acd tlie latter of £1. 11 is 
staled in tlie pros) e its that the money now to 
he raised will be devoted to new factories and 
warehouses, by the help of \vliieh the company's 
business willbs concentrated and economies ellected. 
The iilea is good, but in any case the profits are 
so large and the business expands so remarkably 
that ample security exists for the dividends on 
tire whole [jreference capital. Were it all issued 
it would require only £15,000 per annum, and 
the average profits for the past tjiree years have 
exceeded £51,000. A. J. \Y.—Daih/ 'Chronicle, 
April 13. 
THE EDEKAPOLLA TEA COiPPANY OF 
CEYLON, LIMITED. 
At tlie third annual ordinary meeting of the 
Ederapolla Tea Company of Ceylsn, Limited, 
it was: — 
Proposed by Mr. Paine, seconded by Mr. 
MacMartin, " That a dividend of 5 per cent, 
(free of income-tax) for the jear 1898 be de- 
clared and paid forthwith." 
Proposed by Mr. Paine, seconded by Mr. Bett, 
"That Mr. J. M. MacMartin be re-elected a 
director." 
Proposed by Mr. Campbell, seconded by Mr. 
James F. Anderson, "That frlessrs. Cape and 
Dalgleisii be re-elected as auditors for the cur- 
rent year." 
Proposed by Mr. Paine, seconded, by Mr. Bett, 
" That a vote of thanks be given to the Ceylon 
and London staffs for their eflicient working of 
the company's estates and business." 
A vote of thanks was given to the Chairman 
and Director.—//. cC- C. Elail, April H. 
Hawaiian Coffee Planter.s are very much 
disturbed at the prospect of the disease atFecting 
coffee in Venezuela and certain parts of Central 
America, getting into their estates. The Planterfi' 
MontlLhj says :— " In several of the districts of 
Central America, where it is now, many of the 
estates have been rendered almcst worthless. This 
seems to be a ditt'erent dise.ise from that whicli 
destroyed the colfee industry in Ceylon." The 
disease is caused from two small parasitic fungi, 
namely, Stilbuni Jlaviduii: and S2)hcerella 
cojf'eicoln. 
"Tiin OuAN'fiE Crop of Florida, whicii wm 
destroyed a few years ago by the frost, will this 
year be nearly one half what it formerly wa.'^. 
The orange trees were, as it were, swept out of 
sight in one night, ami the labour of years was 
demolished. The young orange trees, since 
planted, are now fairly develoiiuig, and from this 
lime on will increase in liearing capacity until the 
average will be reachcil again. 'I'lie disaster to 
the orange trees, li,)wevor, has proved to be a 
boon to that State. The cultivation of otiier 
fruit'', as well as of early vegetables, lias now 
bei'ome established, so that hereafter the failure 
ot one crop will not mean tha failure of all.— 
/'/(((i/cr.s-' Moiil/ili/, 
105 
