June 1, 1904.] THE TROPICAL 
AGRICULTURIST. 
835 
The average gross price for the Tea sold in 
London and elsewhere, iDcluding boui^ht leaf wns 
7.64(3, compared with 7.24d the previous year, aud 
the rate of exchango Is 4 9-32d against Is 4 15 64d 
in 1902. The uiaDufacturo of Geeen Tea was 
again carried on during the year, resulting in an 
output of 758,534 1b , or 245,045 1b. in excess of 
1902. The yield of Coconuts was 1,514,992 nuts, 
as compared with 1,740,968 nuts the previous year, 
the shortage being attributed to an unfavourable 
season. Ooatiuued attention is being given to the 
planting up of Kcbber on all suitable lands be- 
longing to the Company. Under Clause No. 69 of 
the Articles of Association, Mr W Herbert Ander- 
son retires on this occasion from the Board, and 
being eligible ofievs himself for re-election. The 
Auditors, Messrs. Harper Brothers, Chartered 
Accountants, also retire from office, and offer them- 
selves for re-eleotion — By order of the Board, Wir. 
Johnston, Secretary. London, 18ih April, 1904. 
sufficient to cope with any rush of leaf such as may 
be expected about this time. The following is the total 
acreage of Tea, &a. rrnm^ oc(.nr..ri fr,,- i<wr-i . 
Name of Estates. 
THE KANDAPOLLA TEA COMPANY, 
LLMITED. 
SEVENTH EErOET OF THE DIRECTORS. 
Directors. — Ikr E A Bosanquet, 2, Fenchurch 
Avenue, London (Chairman) ; Mr E F Bosanquet, 49, 
Lime Hill Boad, Tunbridge Wells ; Mr F C Gubbins, 
Nonington, near Dover; Mr G F Traill, Colombo, 
Ceylon (Managing Director). 
The Directors submit the Statement of Accounts to 
31st December, 19U3. 
The Profit and Loss Account shows a profit on the 
working of the Estates of £2,930 93 7d. Transfer fees 
153, Exchange £4 17s 43. Drought forward from 
last year £681 8a 3d.— Total £3,617 10s 2d. 
The Directors have paid the Interest on the Deben- 
tures, viz : £1,545; Dividend on the Preference Shares 
to the 30th June, 1901, £939 ; Home Charges, as per 
Account £167 93; leaving a balance to be disposed of 
£966 Is 2d.— Total £3,617 lOs 2d. 
The Directors propose to place to the Depreciation 
of Machinery Account £250 ; carrying forward the 
Balance £716 Is 2d.— Total £966 Is 2d. 
Though the estimates for the year were framed on a 
more conservative basis, namely 46.^,000 lb-, the 
actual results fell short of this total by 36,727 lb, 
but as compared with the preceding year there is an 
increase of 14,709 lb- During the year 340 acres have 
been treated with Chemical manures or Basic Slag. 
The cost of production averaged 35'61 cents per lb of 
made Tea. The Teas sold at an average of 45 "83 cents, 
the gross profit being 10'22 as compared with 11'30 
cents per lb in 1902 and 9"15 in 1901. A new turbine 
aud roller have been erected upon Devonford, and on 
Protoft a new roller, and some alterations in the 
Factory have been added. The Directors have sanc- 
tioned an addition on the Frotoft Factory, as the 
withering accommodation was found to be insuf&i;ient, 
and on Devonford a considerable outlay has been 
sanctioned for manuring. The Oil Engine on Frotoft 
gives grave trouble, and the Board have under con- 
sideration a scheme for making another dam so as to 
enable the Turbine to be worked during the driest 
months. The HonF C Loos having advised the Board 
that a mortgage should be granted over the Com- 
pany's properties in favour of Trustees so as to secure 
the holders of the Company's Debenture, a meeting 
of the Debenture hoMers was convened on 9th Feb- 
ruary, 1904, at which Messrs R A Bosanquet and G 
F Traill were appointed the Trustees. The necessary 
steps are now being taken to complete the matter in 
proper form. The difficulty as regards labour still 
continues, and, if anything, is more accentuated. 
Sufficient labour has been available to carry out all 
the works on the Estates in a satisfactory manner, 
but at tho moment the supply ou Kandapolla is not 
ErroU 
Devonford 
Tea 
Forest, 
Tea Crop 
Acrea^ 
!e. Waste, &c 
Acres 
Acres 
lb. 
..369 
17 
188,126 
, 177 
124,267 
..215 
24 
71.653 
..215 
42 
49,227 
1,301 acres 260 acres 428,273 lb 
The General Manager, Mr M A Mooyart Deniaon 
is at home on furlough, and during his absence Mr J 
Robson is taking charge of Kandapolla, whilst Mr T 
Gidden is visiting for the Company. Mr G F Traill, 
the Director who retires by rotation, being eligible-, 
offers himself for re-election. The appointment of 
Auditors rests with the Shareholders. By t rder, 
R A Bosanquet & Co., Agents and Secretaries. 
2, Fenchurch Avenue, 19th April, 1904. 
THE UDAl'OLLA RUBBER COMPANY, 
LIMITED. 
The report was as follows : — 
The Directors herewith submit their Report and 
Balance Sheet for 1903. It has been considered 
advisable, though the Company only commenced 
operations as from the 1st July, 1903, that tlie Com- 
pany's financial year should commence on the first of 
January ; therefore the accounts now submitted cover 
only a period of six months. At date, 150 acres have 
been felled and cleared, 30 of which are planted and the 
trees shew good growth, with a very small percentage 
of vacancies. Progress is being made with the planting 
and draining of the balance of the felled area for which 
sufficient plants are now in the nurseries. A further 
150 acres of good laud is available for planting, and 
it is considered desirable that this should be taken 
in hand as soon as possible, and seed sufficient for 
doing so has been booked. If this policy meet with 
the approval of the meeting, a further issue of shares 
will be necessary. There are at present 250 shares 
unissued. The whole of the Directors retire but being 
eligible offer themselves for re-election. The appoint- 
ment of an Auditor rests with the meeting; 
By order of the Directors, Gordon Fbazer & Co., 
Agents and Secretaries. 
THE ALLIANCE TEA CO. OF CEYLON, LTD. 
REPOX^T OF THE DIRECTORS. 
Directors: — Mr John Bell-Irviog, Chairman, Messrs 
E J Young and R S Corbett. 
The Directors have pleasure in submitting the 
Balance Sheet and Profit aud Loss Account for 
the year ended 31st December, 1903. 
The Nett Profit, after payment of Debenture and 
other Interest for the year, amounts to £4,407 12s 2d, 
to which has to be added the balance brought forward 
from 1902 £1,238 12j 8d, Total £5,646 4s 103. 
An Interim Dividend of 3 per cent was paid on 
the 30th September, 1903, absorbing £1,957 16s. 
And the Directors now propose to deal with the 
balance as follows : — (1) In writing off from Cost 
of Properties as Depreci;ition of Machinery, &c. 
£1,000. (2) In payment of a final Dividend (free of 
Income Tax) of 3 per cent (making 6 per cent for 
the year) £1,957 16^. (3) In carrying forward to next 
year the balance of £730 123 lOd. Total £5,646 43 lOd. 
