May 2, 1904.] THE TKOPICAL AGRICULTURIST. 
755 
THE VELLIKELL[E TlilA COMPANY 
OF CEYLON, IJMITED. 
REPORT. 
Your Directors beg to eubmit their Rsport and 
Balance Sheet for the year ending 3lst December, 
duly audited. The yield nf tea fell short of the esti- 
mated quantity by 5G,813 lb tho ehortfall being attri- 
buted to the unfavonriible weather duriap; the greater 
part of the year. The total yield was 193,187 lb tea, 
plucked cff 510 acres, being at the late of 357 lb tea 
per acre, coating (free on board at Colombo) 36'44 ceuta 
per lb. The gross average price of the 191,671 lb sold 
in London was 8-70 per lb. Last year the crop 
amounted to 207,818 lb, costing33-86 cents per lb f.o.b., 
and the average price for the 195,350 lb sold in London 
was 8'19 per lb. The crop anticipated for the current 
season is estimated at •.;43,000 lb tea. The rate at 
which Drafts were negotiated was Is. 4 9 32d. per Rupee, 
against la, 4 3-16d. last year, The Net Profit for the 
year amount'^ to £1,217 2<. And tho Balance from 
last year to £214 4s. 6d. Making a total of £1,461 6s. 6d. 
The Directors have already paid out of this. 
Dividends on the 6 per cent Preference Shares for the 
year ending 3l3t December, 1903 £285. Interim 
Dividend on the Ordinary Shares of 1^ per cent free of 
Income Tax £.528 1.53. Income Tax £134 lis. 4d. ' 
And it is proposed :— To pay a Final Dividend of 
1 per cent free of Income Tax on the Ofdinary Shares, 
making 2.i per cent for the year £352 10s. And to 
carry forward the Balance of £160 lOs. 2d. — 
Total £1,4-61 6s. 6d. 
Tho Director retiring on this oooasion is Mr Percy 
Liwrence Johnson, and, being eligible, he offers 
himself for re-election. Tho Auditor, Mr J Hamilton 
Alston, also offers himself for re-election. By Order of 
the Board, ROBERTSON, BOIS & CO., 
Agents and Sairetaries. 
London, 22ad March, 1904. 
THE AUGUSTA TEA ESTATES 
COMPANY, LIM[1ED. 
SEVENTH ANNUAL KliPORT, YEAR 1903. 
The Directors beg to submit their Report and 
Audited Accounts for tho year ending the 3lst 
December, 1903. The quantity of tea manufactured 
has been 128.050 lb., which has sold at an average 
price of 6'47d per lb. gross. The cost of production for 
the same works out at 25-82 cent?, equivalent to 5d 
per lb. in Loudon. The Profit on Working Aooount 
is £738 53 2J, and, with the balance of Mil 4.3 3d 
from last year brought forward, the amount at credit 
of Profit and Loss Account is £779 9s 5d. Debenture 
Interest, Preference Dividend and all fixed charges 
have been paid, and the Directors propose to write 
off £192 10-i from Machinery and Factory Account, 
and to carry forward £83 8s' 6d to the credit of the 
new season. By the Articles of Association Mr T J 
Lawrimce retires from tho Board, and being eligible, 
offers himaelE for re-election. The Auditors, Messrs. 
Singleton, Fabian & Co., offer themselves for re- 
election. 
Cn.\RL'33 A. Rei.ss, i Q 
\NCE, J 
THOJtAS J. Lavvrance 
Aliiin B, Tomkins. Secretary. 
51 Lime Street, E 0. 9th March, 1904. 
ireators. 
it is fully expected that the crops yielded in for- 
mer years will again be secured. The young clear- 
ings are coming on well, and 42 acres will bo 
lightly plucked in the current year. 
STATEMENT SHEWINO RESULTS OP 
WORKING FOR THE SIX YEARS ENDING 
31sx DECEMBER, 1903. 
THE TALAWAKELLE ESTATES CO., LTD. 
REPORT. 
The Directors have the pleasure to submit the 
Balance Sheet and Accounts of the Company for 
the year ending 31st December, 1903, duly audited. 
■Tho Mortgage has been reduced to £12,500, by the 
payment of the sixth instalment of £1,500 on the 
aist December last, which has been charged to 
Profit and Loss Account. The diminution of profit 
is due to the shorla,^e in yifild and consequent 
higher cost of production per lb,, and to the falling 
off in the price obtained for tho tea. Climatic 
conditions were unafvonrable throughout tho greater 
portion of the year, and with more normal seasons 
.o a 
T" o 
m 
J3 
H p 
a 
o 
Plucked 
ea Cro 
r Acre. 
London 
erage pe 
, in Lon( 
!rop pe: 
Colomb 
Rate of 
per Ru 
(A 
es 
<D 
o 
bD 
Eh 
at 
a 
ross Av 
ea Sold 
° ° 
(D to 
m 
cu 
%t 
o 
'V. 
o 
a> 
2 
"o 
o ^ 
2 « 
g-S 
<1 . 
(H 
m 
OB 
O 
Acre?, 
lb. 
lb. 
lb. 
d. Cents. 
8. a. 
1898 
802 
421,284 
525 
418 565 
10-57 
27| 
1 4 3-16 
1899 
802 
419,544 
52? 
417,164 
417,978 
10-23 
27 
1 4 5-16 
1900 
802 
419,632 
523 
11'21, 
274 
27i 
1 4 9 32 
1901 
802 
422,038 
526 
420 399 
10-23 
1 4 3 16 
1902 
802 
431,493 
884,5.59 
541 
432,907 
10-10 
27 
1 4i 
1 4 5-16 
1903 
802 
478 
383,196 
9.G2 
28i 
Tho profib for tho yoar amounted to £5,537 143 lid, 
to which has to be added Intere.'^t £Q} lOs 9d, and 
the Balance from last yeir of £513 17s 4d. Total 
£0,164 3j. 
loterest on the Mortgage for the year has been 
p lid amounting to £700, the sixth instalment of the 
Mortgage of £21,500 has been piid, viz. £1,500, 
Dividend on the G per cent Preference Shares foe 
the year less Income Tax, has been paid £313 10s, 
an Interim Dividend of 4 per cent free of Income 
Tax, on the Ordinary Shares was paid on 24th Sept 
^1,482 lOs, Income Tax £Ud 153. 
It is PnoposED — To pay a Final Dividend of 4 
per cent on the Ordinary Shares, free of Income 
Tax, making 8 per cent for the year, which will 
require £1,482 16s, and to carry forward the balance 
of £235 63. Total £6,104 Ss. 
The Directors desire to place on record their 
appreciation of the eiSoient management of the 
estates by their Superintendent, Mr H St. C 
Bowie Evans, and his Staff. Mr Charles Murray 
Robertson, the retiring. Director, offers himself for 
re-election. The Auditors, Messrs. Whinney, Smith 
and Whinney, retire and offer themselves for re elect 
tion. — By Order of the Board, 
Robertson, Bois & Co., Agents and Secretaries. 
12, Fenchuroh Street, London, E.C., 22nd March, 1904 
SCHEDULE OF THE COMPANY'S ESTATES, 
Estates. 
EH 
Talawakolle (a) 302 
Nanuoya 250 
Katookella 250 
74 
30 
■ .Q 
m a 
<l; 
7 
1 
1-1 M 
a an 
Acres 
(h) 22 405 
11 262 
8 283 
Totals 802 101 8 41 955 
(a) 3 acres leased from the Proprietor of the boutiques, 
(h) 2 acres leased to Messrs. Davidson and Browne. 
COMPANY 
THE NAHAWALE TEA ESTATE 
LIMITED. 
MANAGIKG AGENT'S REPORT. 
{For the Year ended 31st December, 1903.) 
The area of land held by the Company remains as 
formerly, 940 acres, but the cultivation of three acres 
of Tea nreviously abandoned has been resumed, making 
a total area of 650 acres, all practically mature Tea. 
The irregular planting of rubber trees alongside the 
Tea cultivation has provid unsuccessful, there being 
