Ju»LY 1, 1901.] THE TROPICAL AGRICULTURIST. 
51 
tke Accounts have been nnavoidably delayed, owing to 
tho aerions illness of the Manager of one of the Es- 
tates in Ceylon. 
2. The Tea Crop amoanted to 697,359 lb. of which 
697,155 lb. shipped to London realised a gross average 
of 8-68d per lb. The crop exceeded that of 1899 by as 
mnch aa 52,794 lb., chiefly owing to nnusnally favor- 
Sible weather, bat the average price of tea has 
been tending steadily downwards -during the year, 
while, in conseqaence of excessive stocks and 
Buppliea, the state of the market is far from satis- 
factory, and there is at present little prospect of any 
permanent improTement. 
3. Ouriag the year 42 acres have been cleared and 
planted with tea, which practically completes all the 
extensions eontemplated. The young tea planted 
daring the past four years is reported to be coming on 
well, and the earlier clearings will contribute some- 
thing towards the crop of 1901. 
4. The following statement eivea details which may 
be of interest : — 
1900 
1899 
1898 
1897 
s 
acres. 
1,640 
1,640 
1,640 
1,640 
o 
lb. 
So 
Is. o' 
lb. 
^ (D 
<3 « 
P-g 
.a 
9 ° 
.„ o 
H l-H 
- O iJ 
O ® =3 
a"" 
697-359 425 486 
644-565 393 4-81 
627-886 383 5-29 
623-699 380 5-28 
O 
d. 
8- 68 
9- 28 
9-27 
9-52 
8. d, 
1 4 17- 
14 9- 
14 3- 
1 S 3- 
per 
cent. 
6 
6 
6 
6 
5. The net profit for the 
year amonnted to . . £7,857 10 7 
To which has to be added 
Interest .. 170 18 11 
And the Bal- 
ance from last 
year of 
Ltss Factory 
Extensions , 
£626 9 0 
288 0 0 
338 
9 0 
Idaking^a Total of 
The Directors have already 
paid, out of this. Interest for 
the year npon the Mortgage, 
less Income Tax .. £436 3 1 
Dividend for the year up- 
on the 6 per cent. Perfer- 
ence Shares, less Income 
Tax .. 1,889 5 0 
Income Tax . . 216 14 8 
And they propose to deal 
with the Balance as fol- 
lows : — 
To pay a Dividend of 6 
per cent., free of Income 
Tax, on the Ordinary Shares, 
requiring .. 3,960 0 0 
To Transfer to Reserve for 
Depreciation and General 
Purposes (Increasing this Ac- 
count to £6,000) ... 1,500 0 0 
To write off cost of Invest- 
ments ... 100 0 0 
And to carry forward the 
balance of .. 264 15 9 
£8,366 18 6 
£8,366 18 6 
6. The Director retiring on this occasion is Mr. 
Edward Christian who, being eligible, offers himself 
or le-electioD. 
7. Mr. John Smith, the Auditor also retires, and 
offers himself for re-election.— By order of the Board, 
Robertson Bois & Co., 
_ Agents and Secretaries. 
12, Fenohurch Street, London, E.G., 29th April, 1901. 
SCHEDULE OF THE COMPANY'S ESTATES, 
ON 31ST DEC, 1900. 
Estate. 
_ 
a "3 
<D 3 
H ft 
482 
Sheen , 
Pundaloya 452 
Waotton 306 
Deeside 400 
■g bp 
a.S 
II 
204 
43 
fl a 
S fl 
o 
112 
25 
10 
a 
a ■ B « ■ 
•a 3 a> * bo 
a^r 9 a "S 
"3 5i cs~^ 
Total. 
45 
19 
39 
OM 
52 
95 
25 
26 
895 acres 
634 „ 
«78 „ 
436 ., 
Total 1,640 255 147 103 198 3,343 acres. 
4.695 16 0 
CEYLON PROPRIETARY TEA ESTATES 
COMPANY LIMITED. 
REPORT OF THE DIRECTORS 
to be submitted at the fourth annual ordinary 
general meeting of shareholders, to be held at the 
Office of the Company, on Monday, 20th May, 1901. 
The Directors herewith submit the general balance 
sheet and profit and loss account for the year 
ending 31st December, 1900, duly audited. 
The net amount at Credit of Profit 
and Loss Account after providing £ a. d, 
for General expenses, Income Tax, 
&o., is 
Debenture Interest 
paid to 30th Sept., 
1900 {less Income 
Tax) amounts to £718 15 0 
Less from last 
account 181 5 0 
537 10 0 
Three months' Debenture 
Interest to 31st December, 
1900 (less Income Tax) 
amounts to .. 178 2 6 
Preference Dividends paid 
for 1900 (less Income Tax) 
amount to . , 1,246 9 6 
Interim Dividend of 1| per 
cent, on the Ordinary 
Shares paid 31st October, 
1900, amounts to . . 1,175 14 Q 
It is proposed to pay a 
final Dividend of 1§ per 
cent, on the Ordinary 
Shares (making 3 per, cent. 
in all, free of Income 
Tax) which will absorb.. 1,175 14 0 
And to carry forward to 
next year a balance of. . 382 6 0 
£4,695 16 
During the past year the Comany's estates, have 
given an increased crop of tea of 89,047 lb the 
yield per acre being 490 lb, against 439 lb. in 1899 
and 407 lb. in 1898. 
The gross price realised for the teas sold in 
London and Ceylon averaged 6.10d as against 7. lid 
last year, and , the average rate of exchange is the 
same as last year, viz .- la 4 13-32nda. 
