jolt 1, 1903. J THE TROPICAL AGBICULTITRIST. 
It- 
THE UDAPOLA RCJBBEfl COMPANY, 
LIMITED. 
The memorandum and articles of associa- 
tion of a new company termed the Udapola 
Rub'ier (Jo,, Ltd , are published iu the C'eijlon 
Government Gazette. The objects tor which the 
Company is established are among others— 
To purchase or otherwise acquire the Uda- 
pola estate and premises situated in the 
District of Kegalla. 
To improve, plant, clear, cultivate, and de- 
velop the said Udapola estate, and any other 
estates or lands thatmay be purchased, leased, 
or otherwise acquired as rubber estates, or 
with any other products or in any other ways, 
and to let, lease^ and exchange or mortgage 
the same or any part thereof, whether in con- 
sideration of money or securities for money, 
or shares, debentures, or securities in any 
other Company, or for any other consider- 
ation or otherwise to trade in, dispose of, or 
deal with the same or any part thereof. 
The nominal capital of theCompanyisR50,000 
divided into 500 shares of RlOO each, with 
power to increase or decrease the capital. 
The subscribers are Messrs, ^ D Harrison, 
W Saunders, W T Highton, Gordon Frazer, 
E Beuham, A L Hine-Haycock and W E 
Drury, all of Colombo. 
The articles of association provide that 
the Company shall forthwith after its incor- 
poration purchase all that and those the estate 
and premises called Udapola, situated in the 
District of Kegalla, for the sum of R7,200, the 
vendor paying all expenditure on the estate- 
The first Directors shall be : Edward Deve- 
reux Harrison, William Saunders, Thomas 
Christopher Huxley, Archibald Leslie Hine 
Haycock, and F L Clements, and they shall 
hold office, except in the event of their be- 
coming respectively disqualified, until the 
First Ordinary General Meeting of the Com- 
pany to be held in the year 190i. 
The following Table 
for the year — 
gives the Aore.age, and Eesnlts 
THE IMPERIAL CEYLON TEA ESTATES. 
LIMITED. 
REPORT OF THE DIRECTORS 
to be submitted at the Annnal Ordinary General 
Meeting of Shareholders to be held at the Com- 
pany's Offices, 9, Feuchurch Avenue, London, E.G., 
on Wednesday, the 29th April, 1903, at 11-30 a.m. 
The Directors now beg to submit the Balance 
Sheet and Piofit and Loss Account for the year 
ending Slst December, 1902. 
The Nett Profit, after payment of 
Debenture and other Interest for 
the year, amount to ... £2,870 4 8 
To which has to be added the 
balance brought forward from 1901 1,097 9 3 
Total .. £3,967 13 11 
This the Directors propose to deal with as 
follows : — 
(1) In writing off from cost of 
Properties, as Depreciation of 
Machinery, (fee. .. ... £500 0 0 
(2) In payment of a Dividend of 
3 per cent (free of Income Tax) 
on the paid-up share capital of the 
Compauy .. .. 2,700 0 0 
(3) In carrying forward to next year 
the balance of ... ,. 767 13 11 
a 
•5 o 
Estate. 
Biuoya 526 180,193 
Edinburgh 362 203,162 
St. Vigeans 
and Fried- 
land 316 130,800 
MottiDgham221 94,200 
1,455 608,363 
Non- f 175 17,174 
pareil ( Bt.leaf 2,412 
a 
343 
29'41 
5-26 
Working 
Profit. 
426 6 6 
561 
28-78 
7-34 
2,781 0 10 
380 
31 -on 
6-84 
1,003 11 7 
426 
31-55 
5-21 
47 2 10 
418 
29-87 
629 
4,258 1 9 
— — deficit 237 17 0 
1,630 627,979 418 29-87 6-29 £4,020 4 9 
The return for the past year show a falling off 
compared with those for 1901, due (1) to short 
crops consequent upon unfavorable weather during 
October to December, and (2) to lower market 
prices for the produce. 
The total acreage of the estates aa on Ist January, 
1903 was as follows :— 
Acreage under Tea. 
03' 
a bo A" XX I 
17 . ^ . «-n .s i «-n S ^ S f 
Estate: — S —.S S — « —S 
gj= §-= -g § ■§-'1 
H Ofe EH 
Binoya 441 85 — 526 — 403 929 
Edinburgh 350 — 48 398 — 39 437 
St. Vigeans 
and Fried- 
land 846 — — 346 — 2 348 
Mottingham212 9 — 221 — 37 258 
Nonpareil 93 82 134 309 44 196 549 
1,442 176 182 1,800 44 677 2,521 
The area of Edinburgh estate is now reduced by 
13 acres, being the land taken by Government for 
railway purposes. The amount received for com- 
pensation is deducted from cost of properties in the 
accounts now presented. 
In accordance with the Articles of the Association 
Mr. Alex. Thomson retires from the Board at this 
meeting, and, being eligible, offers himself for re- 
election. 
Messrs. W B Peat & Co. also offer themselves 
for re-appointment as Auditors to the Company,— 
By order of the Board, 
W. H. Baetleti, Secretary. 
London, 21st April, 1903. 
■Total 
£3,967 13 11 
THE ALLIANCE TEA CO. OF CEYLON, LD. 
REPORT OF THE DIRECTOR.S 
to be submitted a t the Annual Ordinary General 
Meeting of Shareholders, to be held at tiie Com- 
pany's Offices, 9, Fenchurch Avenue, London, E.C., 
on Thursday, 30th April, 1903, at 11-30 a.m. 
The Directors have pleasure in submitting the 
Balance Sheet and Profit and Loss Account for tho 
year ended 31st December, 1902, 
The Nett Profit, after pay- 
ment of Debenture and 
other Interest for the year 
amounts to £5 ,581 1 
To which has to be added 
the Balance brought for- 
ward from 1901 1,225 14 11 
lotftl *6,806 16 & 
