March 1, 1904.] THE TROPICAL 
AGRICULTURIST. 
eii 
MAHA UVA ESTATE COMPANY LTD. 
REPORT OF THE DIRlfCTORS, 
ACREAGE. 
Tea in full beating 
Cardamoms 
Fuel 
Total Caltivated 
Jungle and Waste land, &o. 
Total 
ate 
618 
Acres. 
do 
20 
do 
727 
do 
2.H1 
do 
958 
Acres. 
The Directors now present to the Shareholders the 
AocoDuts for the past year. The Tea Crop secured 
amounteil to 254 327 lbs. ahowins! a very small short- 
fall on the estimated crop of 2i)2.000 lbs., and being in 
excess of previous crop by 11,951 lb, while the net 
average price realised was 38 70 cents per lb. as 
against 34 57 cents in 1902. The Cardamom Crop 
amounted to about 10,308 lb. which realised for the 
quantity sold a net average price of only 47 cents 
per lb. The serious fall in the value of Cardamoms 
has greatly affected the profits of the Company. 
After allowing for Depreciation on Buildings and 
Machinery and writing off to that account the cost of 
the new Roller supplied this year, the amount at 
credit of Profit and Loss account on the year's 
working is R25,924-62 equal to 8-64 per cent on the 
Capital of the Company. To this falls to be added 
the balance brought forward from 1902 of K2,486-95, 
less Rl,438-08 over-estimated for value of cardamoms 
unsold at the end of 1902, There is therefore avail- 
able for distribution the sum of R26,973-49, and the 
Directors now recommend the payment of a final 
dividend of 5 per cent, making with the interin 
dividend of 3 per cent, paid on 31st July last, a total 
of 8 per cent for the year, and that the balance of 
R2,973'49 be carried forward to the current year's 
account. The crops for the present year are estimated 
at 275,O0U lb of tea, includiog 20,000 lb of Tea to be 
manufactured for other estates, and 10,000 lb carda- 
moms, on an expenditure of R73,798'03. During the 
past year the Hon. Mr S Soia and Mr J iTolson re- 
signed their seats on the board of Directors, and Mr 
P Bois and Mr W J Smith were appointed to fill the 
vacancies, In accordance with the articles of Associa- 
tion Mr W J Smith now retires from the board of 
Directors, but is eligible for re-election. The appoint- 
ment of an Auditor for the present year will lest with 
the meeting. — By order of the Directors, Whittall & 
Co. Agents and Secretaries. 
Colombn, 26th Jan. 1904. 
THE KALUTARA COMPANY LTD. 
REPORT OF THE DIRECTORS. 
ACREAGE. 
Tea in bearing . 
Coconuts, Glass, &o, 
Rubber .. 
682 Acres 
11 
77 
Forest 
770 
2904 
making provision for depreciation of Buildings and 
Machinery, and paying the 7 per cent dividend on the 
Preference Shares, the working account for the pass 
year shews a credit of Kai,573'98 to which has to be 
added the balance of R3933'43 brought for ward from 
1902. The Directors now recommend the payment of 
a dividend of 5 per cent for 1903, that R5,000 be 
placed to Extension Fund account and that the balance 
of R507'41 be carried forward to the current season's 
accounts. On Capital account a sum of R10,085'40 was 
spent, which includes R3,553 44 expended on new 
lines etc. B3,442'44 on additions to machinery necea 
Gary for the manufacture of green teas, and R3,016'33 
on Rubber clearing. The crop estimated for the cur- 
rent season is 339,595 lb Tea on an expendi- 
ture on Working Account of R91, 296-85, of which 
a sum of R13 972"70 is to be tptnt on manuring 
On Capital Account the estimated expenditure is 
R10,941 25, which includes R8,(J41 -25 on new Rubber 
clearings, and for the planting of Rubber throughout 
the Tea, at a distance of 30 ft: by 30 ft. With 
the completion of the clearing estimated for this 
year, the Company will have an area of 122 acres 
planted exclus'vely with Para Rubber. As advised 
in the Circular issued to the Shareholders dated Ist 
December last, a contract was made for the sale of 
the 1904 crop, to be manufactured into Green Teas, 
at 38 cents per lb, delivered in Colombo, the Buyers 
receiving any bonus granted by the Thirty Committee, 
during the year. Daring the year under review Mr G 
H Alston resigned bis seat on the Board, and the Hon. 
Mr W H Pigg was appointed in his place. On the 
departure of Mr R S Templer from the Island, Mr A 
J Denison was appointed a Director in his place. In 
accordance with the Articles of Association, Mr A J 
Denison now retires from the board, but is eligible 
for re-election. The appointment of an Auditorfor the 
present year rests with the meeting. By order of the 
Directors, Whittall & Co., Agents & Secretaries. 
Colombo, January 28tb, 1904. 
Total .. 1,060.^ Acres. 
The Directors have now to present to the Sharehold- 
ers the Accounts of the Company for the past year. The 
crop secured was 298,929 lb Tea, including 413 lb manu- 
factured from purchased leaf ; the nett average price, 
realised was 36*61 cents per lb against 2619 cents cost 
delivered in Colombo. The shortfall on the Estimate- 
of 24,927 lb is due to an unfavourable year for flush, an 
expeerience which was general throughout the district 
As authorised by the Shareholders at the Extra- 
ordinary General Meeting held on 17th July last the 
two small blocks of land belonging to St. Columbkille, 
in extent acres 23 : 3 : 15 have been sold, and pro- 
ceeds credited (0 Capital coal ol th^ properly, AUer 
DON'NYBROOK TEA COMPANY LIMITED. 
REPORT OF THE DIRECTORS. 
The Directors beg to submit Statement of Acconnta 
duly audited for the year ending December 3l3t, 19U3. 
ACREAGE. 
DONNYBROOK. MITPOED. 
Tea in bearing 152 acres 145 acres, 
Do not in bearing — ,, 7 „ 
152 acres 152 acres 
304 acres cultivated in Tea 
4 acres forest, 
67 acres Chena, Patna, and Waste land. 
Total .. 375 acres. 
The Crop harvested amounted to 37,273 lb made 
tea, which was manufactured in Norton Factory and 
realised on the local market R14,735 96, or a nett 
average of 39"53 cts. per lb costing 36 03 cts. per lb 
to produce. In addition to the above, 18,341 lb of 
Green Leaf was sold at 7 24 cts. per lb, A total say of 
41,856 lb of made tea was secured as against an estimate 
of 5O,00U lb, and the deficit may be accounted for by 
the unseasonable weather experienced, especially dur- 
ing the last few months of the year. The balance at 
Credit of Working Account after providing for the 
usual management and other charges amounts to 
R336'69, which will be carried forward to Crop Season, 
1904. The estimate for Crop Season 1904 is 80,000 ib, 
of made tea to be produced at a cost of 2S"75 cts. per 
lb, which includes the manuring of 30 acres on Mitford. 
It ia proposed during 1904 to erect and equip a Fac- 
tory on Donnybrook Estate, provided the necessary 
funds are forthcoming. In terms of the Memorandum 
of the Articles of Association of the Company Mr, 
E F Fuller retires from the Directorate, but is eligible 
for re-election. The appointment of an Auditor for the 
current year rests with the Meeting. By order of th^ 
Directors. Oapsq.n & Co,, Agents & SeoretRries, 
