Oct. 1, 1903.] THE TROPICAL AGRICULTURIST. 
276 
106.000 lb. of made tea, has turned out only 88,421 lb, 
realising an average price of 37'82 cts per lb, as aeainst 
34'fi6 fts Hst ypnr THp oost of tpa in Cf^l^mbo, excln- 
Bive of a sum of R706 07 -^sP' ticl d om (-npitnl aoo nnt, 
woik^ out at 2.5 38 cts per lb, as agdinKt 24*13 cts l-ist 
spason. Tbe Visiting Ageiif's rpport diitenl 2iith J.iily, 
1903. can be sepn bv the Shareholders at the Com- 
pany's Office. The Directors have to mentinn that the 
mortgaee over the r'ompiny's E=itate tor £3,000 which 
was called np on l.'jth October last, has been replaced. 
Mr H G Boi^ having left thp islsnd, Mr W J Mason 
was appointed a Director in his place, and now retires 
in accordance with the articles of association ; but 
being eligible, offers bircself ffir re-election. Hon. Mr 
S Boia retires from the bonrd by rotntion ; but being 
eligible, also offers himself for re-eL ction. The Share- 
holders will have to elect an Auditor for 1903/04. 
Boia Brothers & Co., Agents and Secretaries. 
THE HAPUGAHALAM)E TEA COMPANY. 
LIMITED. 
BKP"RT OF THR DIRECTORS. 
Directors : — Messrs. William Milne, (Chairm»n,) 
Bobt, Diividnon. Keith Rollo. Agents and Secre- 
taries : — Messrs, Lewis Brown & Co. 
ACREAGE ; 
A. p. K. 
Tea in full and partiil bearing ,, 385 0 0 
Jungle &c. 869 1 3 
Total Acreage ... .. 754 1 3 
Yonr Directors beg to pubmit their Annual Beport 
and Accounts for the twelve mo'.ths ending 30th June, 
1903, which they trust may be considered satisfactory. 
The quantity of tea manufactured for the season (in- 
cluding Estate and bought leaf, but exclusive of that 
manufactured for other Estates)was 180,440 lbs as com- 
pared with 135,150 lbs and 181,020 lbs. inl901-1902 and 
1900-1901 respectively. Estimating the unsold tea at 
a safe valuation, the amount realized for this product 
has been E59,203/63, which gives an average of 32-81 
cents per lb. An interim dividend for the Season of 
3 per cent amounting to K5,100 — was paid on 21st 
February last. After setting aside E3,293'58 for de- 
preciation on buildings and machinery, the amount 
available for further distribution (including R6,158 96 
brought forward from last account) is R20, 882 68. 
From this sum the Directors recommend payment 
of a fi lal dividend of 9 per cent which will absorb 
R15,300 — and leave a balance of R5,582'08 to be carried 
forward In terms of the Articles of Association, Mr. 
Wni. Milne retires from the Board of Directors and is 
eligible for re-election. The appointment of an Auditor 
for the current season will rest with the meeting. 
DOOMOO TEA COMPANY OP CEYLON, LTD- 
BK.PO' T OF THE DIRRCTOES. 
DiBECToEs :--W D Gibbon, E q., W Anderson, 
E-q , Herbert Bois, E-q The Directors have the 
plexsar^- to subrnit their report and the accounts for 
the year endi g June 30, 1903. The crop vr-al sed was 
297,490 h. aaiinst an e>-t:niate of 275,000 lbs and of 
thi 223,420 lbs. have hpen sold at an average price 
of 40'f ' cents, ps aguin-^l 36*'57 cents last year, which 
may b° considernd =atisfactorv. After estimating the 
v.'.lue 'jf 1 'v niiRold ten at the safe figure of 35 cents 
and p ivi g a bonus of R500 *o the Siiperiiitend nt of 
the e-tates, 'here is available a sum of R52. 367 34 of 
which yonr Directors have passed R5,000 to Deprecia- 
tion Account and 2,500 to the Reserve Fund leaving a 
balance of R44, 867 34. This they recommend should 
be 'Mspospd of us follows: — By the payment of a 
dividend of 10 per cent for the year R40,000 00 ; By 
carrying forward R4,867-34— Total R44,867-34. After 
deducting receip's for manufacturing tea, the estimates 
for the t'ui rent Season provide for a crop of 285,000 
lb to cost R69,567, exclusive of Capital expenditure. 
Tbe acreage of the Company's properties is aa follows: 
Doomoo 213 acres tea 5 years old and upwards, 
acres tea 2 years old and npwards. 3 acres tfa under 2 
vars, 16 acres t'mber 58 acres Chena and Pitana.— 
Total 299 acres, 
Vfrelliipatna ."124 ceres tea 5 yeariold and upwadrs 
11 acres tea undar 2 ypars, 143 af-res Chena Patanaand 
Timber, 10 acres Grass, Totnl, 688 acres. 
During the vear Mr H G Bois having left 
the Inland, Mr Herbert Bois was appointed 
a Director in his place. The latter gpnllpman 
retires in accordnnc with the Articlea of Assso- 
ciation, but being eligible offers himsplf for re- 
election. It will be necessnrv to "ppoint nn Auditor 
for season 1903-04. — J M R^beetson & Co.. Agents 
and Secretaries. 
THE PENRROS ESTATES COMPANY, OP 
CEYLON, LIMITED, 
KEPOUT OF THE DIRECTORS. 
Directors.— Messrs G W Suhren, W P Metcalfe, E 
MShxttock. 
The Directors have pleasure in laving before the 
Shareholders their Report and Accounts for tlia year 
ended 30th June dnlv audited. The amount of 
Tea secured was 243 070 lb :— 19S,32.5 b, on Estate 
account, as against an Estimate of 207,tl001b. ^hewing 
a decrease as compared with last season of 11 7951b. 
and 44 7451b. manufactured from bought leaf, an 
ince^ise over list yearof 17,6361b, The comparative 
table of the Estate Tea for the past six seasons is 
appended, and will doubtless be found of interest : — 
a 
!2 a o 
^ — s> 
u (a 
> 
CU rn 
- a a 
O Si 
■S so 
.■^^ a 
o 
%t ^ 
O 
o o-^ 
1896-1897 
155,625 
27-.52 
26-31 
3642 
1897 1898 
145.2.50 
26-23 
25-65 
3912 
1898-1899 
1.58,106 
25-41 
24-05 
41-03 
1899-1900 
196. .554 
23 74 
22-32 
37-46 
1900-1901 
199,14rf 
26 29 
23-88 
34-99 
1901-1902 
210120 
22-39 
21 -.50 
32-94 
1902 1903 
198,325 
24-41 
22 84 
35 61 
The total Crop secured 
cost inclusive of 
Manure 
23-82 cents per lb. laid down in Colombo, and realised 
a nett average of 34 68 cents. A sum of Rl,160 34 has 
also been spent during the year on the up-keep of 
young clearings, etc. Afterpayment of the Interest 
on Debentures and establishm°nt charges the nett 
profit for the year comes to R20,617 03, or about 13| 
per cent on the capital of the Company. To this must 
be added the amount brought forward from the 
previous season, viz :— R4,1I9 90, ma'-ting the total 
amount available for distribufion R24,736-93. The 
Directors recommend that this be anportioned aa 
follows ; — 
Rs. 
By payment of a Dividend of 10 per cent 15,000 00 
,, payment of a Bonus to Superintendent 1,250 00 
,, placing to Extension^j Account 5,0(10 00 
„ carrying forward to next Account 3,4-6 93 
R24,736 93 
The acreage of the Company's E.statea is as 
follows :— 
Old Tea ,. 548J Acres. 
Tea under 4 years ,, 51J „ 
6u0 „ 
Forest ,. ... 42 „ 
Chena etc. . . .. 296 '„ 
Total ... 938 Acres. 
Mr G W Suhren retires from the board of Directors 
by rotation and it will ha necessary to elect another 
Director in his place. An .Auditor will also have to be 
appointed for season 1903-04.— LEE, HEDGES & Co., 
Agents and Secretaries. 
