Feb, 1, 1904,1 THE TROPICAL AGRICULTURIST. 
559 
GLASGOW ESTATE COMPANY, LIMITED. 
REPORT OF THE DIRECTORS. 
ACREAGE. 
Tea in fall bearing .. 60O Acres. 
Do. partial bearinc; , . 41 „ 
Do. not in bearing , . 9 ,, 
Grass .. .. 2 ,, 
Jangle, &o. ... ... 62 „ 
Total Estate .. 714 Acres. 
The Directors now present to tl\e Shareholders their 
Annual Beport and the Acccunts oE the Company for the 
past year. 
The tea crop secured was 373.514 lb, ngainst an 
estimate of 392,000 lb, the shortfall of 18,480 lb bfiing 
attributable to the abnormal weather experienced dur- 
ing the past season. The average nett price realised 
was 48 53 cents per lb, as against 44*6G cents for tbe 
previous year. After writing off K3,O0O for depreciation 
of buildings and machinery, the amount at credit of profit 
and Loss Account for the year's working is E77,959'97. 
The balance brought forward from last year amounted 
to R4 ,353-63, from which has to be deducted R700 being 
extra fees for the Directors for 1902 workiug in terms 
of the resolution passed on 18th February, 1893. 
The amount available for distribution is therefore 
E81,613.60 and the Directors now recommend that a 
final dividend of 14 per cent, be paid for 1903. making 
with the Interim dividend of 10 per cent, paid on Slst 
July last, a total of 24 per cent tor the year, and that 
the balance of E3,613'60 bo carried forward to the 
current year's accounts. The estimate for the present 
season is 404,000 lb tea. on an expenditure of R100,783, 
which includes a sum of R14,740 to be spent on Man- 
niing. During the year Messrs. G H Alston and G 
C Walker resigned their seats on the Board, and Hon. 
Mr W H Figg and Mr Jas. Forbes were appointed in 
their place. In terms of the Articles of Apsooia- 
tion Mr Jas Forbes now retires from the office of 
Director but is eligible for re-election. The appoint- 
ment of an Auditor for ttie present year will rest with 
the meeting. By order of the Directors, Whittali, 
SbCo, Agents & Secretaries, Colombo. Jan. 20. 
AGRA OUVAH ESTATES CO., LTD. 
THE REPORT. 
ACREAGE. 
Agra Oavah, Fankerton. 
Aores. Acre?, 
Tea in full bearing 322 Tea in fall bearing 165 
Qrass and Jangle 9 Timber clearing 20 
Grass, Patana & Scrub 8 
Total Estate 331 Total Eatata 193 
Grand Total 524 acres. 
The Directors now have to present to the share- 
holders the accounts for the past year. The crops 
seonred amounted to 323,936 lb. Tea, being 19,814 lb 
short of the estimate, which is due to the exceedingly 
dry weather in the early part of the year, and exces- 
■ive rain and want of sun in the latter part of the year. 
The average nett price realised for the Tea was 44 88 
cents per lb, against 45'33 cents per lb in 1902. The 
cost of laying down the Company's Tea in Colombo 
was 26"30 cents per lb, which included the expenditure 
of R7,574'19 on Manuring, and R3,721-90 on repairs to 
machinery. Taking into consideration the adverse 
oircumstanccB under which the estate has been worked 
in the past year, the Directors have felt justified 
in transferring a sum of R3,000 from the reserve for the 
equalisation of dividends. With the tranferance of 
this sum and the addition of R102-:i5 brought forward 
from 1902, there is available for distribution a sum 
of R60,268-45. An interim dividend of 7 per cent, was 
paid on 27th July last abaoibiug R26,250, and the 
Directors now recommend the payment of a total 
dividend of 9 per cent,, making 16 per cent 
for the year, and that the balance of R288"25 
be oariied forward to tbia season's acoonnt. The 
estimate for the present year is 345,000 lb. of 
Tea on an expenditure of R88,164'23, wliich includes 
a sum of RIO 540 for manuring. During the year 
MeHsrs. G H Alston and .Tab. Poison resigned their 
seats on the Board, and the Hon. Mr W H Figg and 
Mr. G B Leechman were appointed to fill the vacanoie* 
respectively. In terras of the Articles of Association 
the Hon. Mr W H Figg now retires from the office 
of Director, but is eligible for re-election. The 
appointment of an Auditor for the current year rests 
with the meeting. By order of the Directors, Whit- 
TALli & Co., Agents and Secretaries. 
Colombo, 18th January, 1904. 
BRUA^'WELLA TEA CO., LTD., 
THE REPORT. 
Acreage. 
Tea in full bearing .. 374 acres 
Jungle and Waste land ... 199 do 
Total ... 573 do 
The Directors now present to the Shareholders the 
Report and Accounts of the Company for the past year 
The crop.irnouuted to 1,57,3211b or42,6791b short of the 
estimate. The Directors regret the thortage, which is 
partly due to the abnormally adverse weather for flush, 
and partly perhaps to a too sar.gniiie view taken early 
in the year. The aversge nett price realised was 36'22 
cents per lb, and the cost of laying down the teas in. 
(Jolombo was 25 C6 cents per lb. This includes a sum 
of R4,252 05 spent on manuring, equal to 2'70 cents 
per lb of made i.ea. After writing off R1,000 for depre- 
ciation, the nett profit for the year amounts to 
R13,67U-53, to which has to be added R1.5n9 33 brought 
forward from 1902, m.iking a total of R15, 179-63 
available for distribution. The Directors now 
recommend the payment of a dividend of 5 per 
cent for the pist year, and that the balance of 
Rl,929'86 be carried forward to this year's accounts. 
The crop for the canent season is estimated at 
ISO.Ono lb. Tea, costing 21 43 cents per lb. delivered in 
Colombo. The crop for the present ye«r has been 
sold by contract, as intimated in the circnlir issued to 
the Shareholders on lat December last, to be manu- 
factured into Green Teas, at 38 cents per lb. 
delivered in Colombo, any bonus granted by the 
Thirty Committee to be piid to buyers. Daring the 
year Mr G H Alston resigned his seat on the Board, 
and the Hon Mr W H F:gg was appointed in his place. 
The Directors desire to express their deep regret at 
the death of Mr H J Scott, whose seat ou the Direc- 
totrate was filled by Mr A L Hine Haycock. Mr J 
P Anderson now retires from the office of Director, in 
accordance with the articles of Association, but is 
eligible for re election. The appointment of aa 
Auditor for the current year rests with the meeting. 
—By order of the Directors, Whittall & Co., 
Agents and Secretaries. 
- Colombo, 20th Jan. 1904. 
4 
UPPER MASKELIYA ESTATES CO., LTD. 
THE REPORT. 
ACREAGE : 
Brunswick & 
Bloomfield. Caskieben. Total. 
Tea in full bearing ... 446 207 653 
Tea Not in bearing ... 10 — IQ 
Grass, Timber Trees, &a. 62 — 62 
518 207 725 
The Directors have pleasure in submitting to the 
Shareholders the accounts of the Company for the 
past year. The crop of Tea secured amounted to 
345,647 lb against an estimate of 350.000 lb, the slight 
shortfall being attributed to unfavorable weather 
during the year. The net average price realised, 
including the Bonus granted by the Thirty Committee, 
was 39*89 cents per lb. The year's working ehowa 
