18 
THE TROPICAL 
AGElCtJLTURIST. [^ulv 1, 1903. 
An Interim Dividend of 3 per 
ceDt was paid on the 26th 
September, 1902 absorbing £1,957 16 0 
And the Directors now 
propose to deal with the 
balance as follows :— 
(1) In writing off from 
Cost of Properties as 
Depreciation of 
Machinery, &c 1,000 0 0 
(2) In payment of a final 
Dividend (free of In- 
come Tax) of 4 per cent 
(making 7 per cent for 
the year) 2,610 8 0 
(3) In carrying forward to 
next year the balance of 1,238 12 8 
Tlie following Table 
Kesults for the year ; — 
Total 
gives the 
£6,806 
Acreages 
16 8 
and 
— 00 n 
a. CI 
O 0) 
O 
a 
•r >4 M 
U OK. QJ 
Aberdeen 
Calsay 
Dankeld 
Luccombe 
Thornfield- 
Gleneagles 
Uda Balella 
c3 F-5 
m CD -*? 
a 
3 
o 
3Q1 
365 
517 
542 
461 
462 
o 
93,91/ 260 29'92 4-69 
160,920 441 31-05 7'19 1,452 17 10 
193,562 374 28 49 5-89 1,032 5 10 
166,950 308 30-49 5*21 224 2 4 
222,806 480 26-40 7-55 3,050 5 
196,686 426 29-40 9-08 3,540 15 
:Totil 2.711 1,034,836 382 29 06 6 81 £9.300 6 11 
Loaa on Aberdeen 41 16 5 
ZT^^ £9,258 10 6 
With the exception of Aberdeen and Laocombe, 
which suffered from redaced crops and lower prices, 
the Company's Estates have done well, and the year's 
results are satisfactory. 
The total Acreage of Estates ou Isfc January, 
1903, was as follows; — 
Acreage under Tea. 
• V * 
6D M *■ S. 
a ■-! . .5 S 2P 
1^ 
-♦go H 
5 EH 
-Aberdeen .. 347 14 — 361 119 480 
Calsay .. 365 — 10 375 12 387 
Dunkeld .. 517 _ _ 5^7 79 596 
Luccombe .. ;542 — — 542 208 750 
Thornfield-GIeneagles 467 7 — 464 48 512 
Uda Kadella . . 405 57 13 475 80 655 
Eehelgama , , — — — 322 322 
'2,683 78 23 2,734 868 3,602 
In accordance with the Articles of the Association, Mr 
J Bell-Irving retires from the Board at this Meeting, 
andi being eligible, offers himself for re-election. 
Messrs W B Peat & Co. also offer themselves for 
reappoiutmeut as Auditors to the Company. — By Order 
of the Board, VV H Bahtlbtt, Secretary. 
Loudon, 22ud April, 1903. 
CEYLON PRUFKIErARY TEA ESTATES 
COMPANY, LTD. 
RKPORT OK THE DIRK/nORS 
to bo Hubmittod at the sixth annual ordinary general 
msetiug of shareholders, to bs held at the Office 
of the CoiDpanyi ou Wednesday, 6ih May, 1903. 
The Directors herewith submit the General 
Balance Sheet and Profit and Loss Account for tba 
year ending 31st December, 1902, duly audited. 
The net amount at credit of Profit and Loss 
Account, after providing for General Expenses. In- 
come Tax, &c., is £4,390 i3s 5d ; Debenture Interest 
paid to 30th September, 1902 {less Income Tax) 
amounts to £845 123 6d ; Less from last Account 
£211 173 6d— £633 153. Three months' Debenture 
Interest to 31st December, 1902 {less Income Tax) 
amounts to £^10 183 9d ; Preference Dividends paid 
for 1902 {leas Income Tax) amount to £1,224 143 ; 
it is proposed to pay a Dividend of 1^ per cent 
on the Ordinary Shares which will absorb £1,175 
14s ; to write off for Dapreciation £500 ; and to 
carry forward to next year a balance of £645 lis 8d. 
—Total £4,390 133 5d. 
Daring the pa,at year the Compiny's estates 
have given a yield of 414 lb. per acre against 407 lb. 
in 19U1. The gross price for the teas sold in 
London and Ceylon averaged 6.15d against 6.36d 
last year and the rate of exchange is Is 4 23-64d 
against Is 4id. The market for medium teas con- 
tinued to be depressed during 1902 and this Com- 
pany, in common with others, realised low rates 
for its produce. Prices, however, h?.ve now im- 
proved, and there is reason to hope that, owing 
to the restricted supply, a higher range will be 
maintained and that this Company will benefit 
thereby. The manufacture of green teas was sac- 
cessfully inaugurated at Troy factory last and a 
satisfactory contract for the sale of the tea pro- 
duced has been made for the first six months of 
this year. The following statement shows the re- 
sults of the working of the Company for the last 
six years : — 
Acreage Yield Bate of Sale Estate 
per Exchange. Price of Te». 
Tea. 
Year. 
1897 
1898 
1899 
1900 
1901 
1902 
of 
Tea in Acre, 
bearing. 
2100 
2105 
2111 
•2071 
2165 
2165 
lb. 
413 
407 
439 
490 
407 
414 
Tea Mann- 
per 
R 
1/3 15.32 
1/4 15-64 
1/4 13.32 
1/4 13-32 
1/41 
1/4 23-64 
d. 
6.90 
6.94 
7,11 
lb. 
8«8,710 
857,351 
927,395 
6.10 1,016,442 
383,174 
896,237 
6.36 
6.15 
Year. 
Bought 
factured 
Total. 
Leaf Tea. for others. 
lb. 
lb. 
lb. 
1897 
32,799 
89,307 
990,816 
1898 
38,530 
94,370 
990,251 
1899 
61,772 
1,681 
990,848 
1900 
99,351 
3,331 
1,119,124 
1901 
53,311 
936,485 
1902 
92,702 
25,711 
1,014,640 
Under Clause 
69 of the 
Articles 
Profits. 
£ 
6,277 
d 
9 
4,834 3 11 
6,790 2 6 
3.690 19 8 
3,123 13 6 
3,610 13 9 
Mr F n Wiggin retires from the Board on this 
occasion but, being eligible, offers himself for re- 
election. The Auditors, Messrs. Harper Brothers, 
Chartered Accountants, also retire from office, and 
offer themselves for re-election. — By order of the 
Board. Wm. Johnston, Secretary. 
London, 28th April, 1903. 
THE SUNNYGAMA (CEYLON) TEA 
ESTATES COMPANY, LIMITED. 
TENTH ANNUAL REPORT OF THE DIRECTORS 
to be submitted to the Shareholders at the General 
Meeting to be held on Thursday, 7th May, 1903, at 
lich a.m., at No. 34, Qreat St. Helena, London, E 0 
The Directors herewith submit their Tenth Annna 
Beport. together with Statement of Aocoants and 
Balance Sheet for the year ending 3Lat December, 1903. 
The Profit and Loss Account (including £578 Os 9d 
carried forward from la it year) shows a credit 
balance of £2,691 2s 6d, after paying interest OQ the 
