Jan. 1, 1904.] 
THE TROPICAL 
AGRICULTURIST. 
d75 
THE STANMORE ANAMALLI CO., LTD, 
KEPORT, 
The Directors have to submit their report and 
accounts for the year ending June 30th, 1903. The 
Company was incorporated on 14th day of October^ 
1902 and the property taken was aa from the 1st 
July 1902. The tollowiug was the acreage of the 
Company's estate on the 1st July, 1903 : — 
Tea planted 1900, 112 acres planted throughout with 
Java Ledger Suco. Cin. 2U' m 17' ft. 
Coffee do 1900, 110 acres Succ. <Jiuchona 20 x 17 ft. 
do do 1902, 65 do about 30 acres only planted 
with Cinchona 
Cinchona 1901, CO do Hybrids and Ledgers (Java) 
Rubber do -1 do Para Rubber 
Cardamoms 1900 80 do about 18 acres Ceylon variety 
do 1901 00 do 
do 1902 46 do 512 total cultivated 
Reserve Forest 1,880 
Total acreage 2,398 acres 
The buildings thereon (1 1 a permanent bungalow 
partially furnished, (2) three sets of permanent lines, 
(3) stablea and a writer's house both permanent. 
An arrangement has been come to whereby the Coni- 
pany's tea is to be made at the Monica Factory until 
the Company's own factory is built. As will be seen 
from the accounts for the year July 1st, 1902 to June 
30th, 1903 annexed, nearly all the expenditure for the 
year has been incurred on capital accouot, viz., in 
the loading, draining, weeding and upkeep of 
clearings, in the opening and planting of tea, carda- 
moms and coffee and in addition to the buildings. 
The original issue of shares amounted to R217,900 ; and 
one hundred and forty shares of the further issue made 
during the year, have been subscribed for. The scheme 
of finance to bring 450 acres of tea into bearing and 
build a suitable factory for the Company will be put 
before the Shareholders at the general meeting. In 
terms of the articles of the Association all the Direc- 
tory now retire, and are eligible for re-election. It is 
proposed to change the office of the Company to 
Hatton, as it is more conveniently situated for transac- 
tion of the Company's business, and to appoint Mr. 
F Liesching, who now resides at Hatton, Secretary of 
the Company. Mr. F M Simpson has audited the 
Company's accounts for the year, It will be necessary 
to appoint an Auditor for the season 1903-1904. 
(Signed) .Julius & Creaby, Secretaries. 
THE CALEDONIAN (CEYLON) TEA 
ESTATES, LTD. 
REPORT OP THE DIRECTORS. 
The Directors beg to submit the balance sheet and 
profit and loss account for the year ended 30th June, 
1903, duly audited. The working account, after pro- 
viding for London charges, shows a profit of i£3,538 
8s 6d, and the profit and loss acconnt, including the 
balance brought forward from the previous year, and 
after payment of interest on debentures, &o, leaves 
an available balance of £1,369 9s 6d. From this sum 
the Directors now recommend the payment of 4 per 
cent on account of the dividend on the preference 
shares for the year to 30th June last, amounting to 
ill, 280. Leaving to be carried forward to the next 
year the balance of £89 9s 6d.— Total £1,369 9g 6d. 
The Directors regret that for reasons given below they 
are at, present unable to declare the full dividend on 
the cumulative preference shares. The yield of tea 
from the Company's estutes for the pa,st and two 
previous seasons was as foMows : — 
Lawrence and 1902-3. 1901-2. 1900 01. 
Venture 315,401 lb. 410,120 lb. 899,087 lb. 
Selegaraa 167,876 „ 165,379 „ 167,378 „ 
Wavina 126,339 „ 112,695 „ 94,979 „ 
The gross average prices obtained in London were :— 
1902-3, ■1901-2 1900-01. 
Lawrence ... 7-.59d 6'62d G-84d 
Venture ... 7-66d G'78d 7-l3d 
Selegama ... 6-26d 5-70d 5 79d 
Waviua ... 6'25d 5-78d 5 64d 
The crop of cocoa comprised 278 cwta. from Kaha- 
wattee and 38 cwta. from Wavina, in all 316 cwts. and 
this realised a net average of about 51s. per cwt. ; 1,605 
seed pods were also disposed of. The previous year's 
crop of cocoa was 185 cwts. It will be seen by the 
above figures that the total quantity of tea produced 
was 78,578 lb, less than, the previous season's crop, 
and 75,384 lb. below the estimates. The chief cause of 
this shortage was the abnormal weather prevailing 
during the greater part of the year. Owing, however, 
to the higher prices obtained for the tea, and the 
larger quantity of cocoa gathered, the amount realised 
for the whole crop is about the same aa that of the 
preceding season. The expenditure has been larger 
on account of various alterations and improvements 
made in the working of the estates, the benefit of 
which, it is anticipated, will be realised in the near 
future ; and this explains why the net result is lesa 
favourable than that of the previous year. The esti- 
mates for the current season are given by the Managers 
in Ceylon, as follows : — 
Lawrence and 
Venture 
Selegama 
Wavina 
Kahawatte 
400,000 lb. tea, 
190,400 do. 
125,000 do. and 30 cwts, cocoa. 
■ do, 300 do. 
Total ... 715,400 do. 
330 
do. 
The young coconut and para rubber trees continue 
tomakeeood progress, and will, it is hoped, commence 
to yield shortly. The amount charged to capital in 
the accounts now rendered includes the cost of a new 
factory on Wavina estate, fully equipped with machi- 
nery, beside new machinery and coolie lines on the 
other estates. In accordance with the Articles of 
Association, Mr William Gow retires from the Board, 
and, being eligible, offers himself for re-election. The 
Auditors, Messrs Singleton, Fabian & Co,, also offer 
themselves for re-election. 
PLANTING NOTES. 
609.616 lb. 088,194 lb. 661,444 lb. 
60 
Tea Company News.— The Ceylon Land 
Produce Company's report on another page 
is a massive document but full of instruction 
for other proprietors and directors ! Nearly 
£2,000 was spent in manuring to keep the 
5,278 acres in good heart. The 13 per cent 
dividend and £1,000 odd carried forward prove 
how strong the Compan.v is. The tea crop esti- 
mate for next year is 80,0001b. less than» this 
year's yield : about 6 per cent less. 
Green Tea and Black Mr. W. Forsythe 
asks some pertinent questions elsewhere. 
He does not venture to express a definite 
opinion— far be it from us to go one better 
at this early stage ! - but wishes to know, if 
black tea producers feel they are unfairly 
treated when the bonus is being given to 
greens. Green tea should be out of its swaddl- 
ing clothes before long : but it is always a 
question, for business principles must come 
into play, whether a cessation of the bonus 
will not instantly mean cessation of manu- 
facture of greens. A 2 cent bonus might 
well be the next experiment ?— And so on ? 
