Aug. 1, 1901,] THE TROPICAL AGRICULTUBIST. 
121 
THE DUMONT COFFEE CO., LTD. 
Directors in London. — P B Buchanan (Chairman), 
H K Eutherford, Hon. H A Lawrence, G A Talbot, 
R Hart, and S Boulnois. 
DiRECTOEs IN Brazil. — John Bachanan and Senhor 
Eodolfo Miranda. 
Auditors.— Messrs. Jackson, Pixley, Browni'og, 
Husey &, Co. 
Secretaries and Managing Agents.— Messrs. P E 
Buchanan & Co. 
Offices.— 45, Leadenhall Street, London, E.G. 
Report to be presented at the Fifth Annual General 
Meeting of the Dumont Coffee Company, Limited, 
to be held at Winchester House, Old Broad Street, 
London, B.C., on Monday, the 2-lth day of June, 
1901, at 12 noon. The Directors submit the General 
Balance Sheet and Profit and Loss Account for the 
year ending 31st December, 1900. 
The Gross Profit for the year, exclusive of 
£7,097 12s 8d brought forward from 
previous year, amounted to ... £58,495 
And the London Chirges were ... 3,340 
Leaving a Nett Profit of ... ... £55,155 
Amount brought forward from 1899 ... 7,098 
£62,253 
Interest at 5J per cent, per 
annum (less Income Tax) 
has been paid on the Deben- 
tures, amounting to ... £20,981 
Income Tax on same ... 1,008 
A payment of 21 per cent, (leas 
Income Tax) was made on 
19th April, 19C1, on account 
of arrears of Dividend on 
the Preference Shares ... 9,500 
Income T ax on same ... 500 
31,989 
Leaving a balance of ... ... £30,264 
It is proposed to place to a Eeserve Account 20,000 
And to carry forward a balance of ... ±'10,264 
The Crop, which was estimated at 75,000 cwt., 
amounted to 81,781 cwt. Of this quantity, 70,478 cwt. 
were sold in London, and the remainder in Santos 
and New York. 
The gross average price realised for the whole crop 
was equivalent to 40/2 per cwt. lauded in London, 
as against 29/4J per cwt. the previous year, but owing 
to the adverse milreis Exchange the cost in London 
was 6/10 per cwt. more than in 1899. 
The spot price of " good average Santos 
Ooffee," during the period of the year in 
which the Company's crop was sold, was 3,5/8 
per cwt., while the average price realised for the Com- 
pany's pulped Coffee, of which there were 22,760 cwts., 
was 47/7, and for the Company's unpulped Coffee 
37/4 per cwt. 
Owing to the increased production of Coffee from 
Brazil during the year under review, the price of 
ordinary Santos Coffee has now fallen to 29/ per cwt., 
and with the Exchange at about IIM per milreis, 
the margin of profit is considerably diminished, 
causing the position of growers to be one of anxiety 
at the present time. 
Under these circumstances, and in view of the 
necessity of providing working capital, the Directors, 
after serious consideration, do not feel justified in re- 
commending ths distribution ot any further dividend, 
but consider it prudent to place the sum of £20,000 
to Eeserve Account, carrying forward £10,263 15s 7d. 
With regard to the condition of the Eacate and 
of crop prospects, the Manager writes, under date 
the 8th April:— 
" General Appearance of Property. — This con- 
tinues most satisfactory, and there is lots of wood 
to give another good crop in 1902. I suppose that 
Bourbon Coffee at Agua Vermelha and Paty will 
16 
give less, as it seems only to yield well every second 
year , but all the old Coffee looks as vfell as ever 
it did, and the young fields at Gnerra, Igaape, and 
Paty have very much improved and ought to bear 
well next year." 
* The Coffee crop harvested to 31st ultimo was 88,000 
cwts,, as against 23, .300 cwts. to same date last year, 
and the Manager's latest estimate of the current 
crop is 120,090 cwts. 
Mr. E Hart and Hon. H A Lawrence are the re- 
tiring Directors, and, being eligible, offer themselves 
for re-election. 
The Auditors, Messrs. Jackson, Pixley, Browning, 
Husey & Co., also retire, and again offer themselves 
for re-election. — By order of the Board, P, R 
Buchanan & Co., Secretaries. 
12th June, 1901. 
PITIAGAMA CINCHONA COMPANY. 
Minutes of general meeting held at No, II 
Queen Street, Colombo, at 12 noon on Satur- 
day the 29th June, 1901. 
Present. -Messrs S Bois, H G Bois and C 
E H Syuioiis. 
Minutes of last general meeting were read 
and confirmed. 
Notice convening the meeting was read. 
Proposed by Mr H G Bois and seconded by 
Mr 0 E H Symons :— That' the Report and 
accounts for the 13 months ending 31st Janu- 
ary 1901 be adopted.— Carried. 
Proposed by Mr C E H Symons and 
seconded by. Mr P W Bois' attorney :— That 
Mr Stanley Bois be re-elected Director. 
Proposed by Mr. G. E. H. Symons and 
seconded by Miss W. Cross Buchanan's 
attorney, that Mr. E. M. Shattock be re- 
appointed auditor on a fee not exceeding R50, 
The report was as follows :— 
The Directors herewith beg to submit their 
Report and Balance Sheet for the thirteen months 
ended Slat January, 1901. 
The total quantity of Tea manufactured during 
the period under review amounted to 106,948 lb., 
of which 101,195 1b. was secured during; the twelve 
months to 31st December last, against an estimate 
of 77,0001b ; the average price per lb. realised 
being cents. 3.3-02, against cents 38'33 in 1899. 
The Directors have to point out that the amount 
of I123,206'68 appearing in last year's account as 
in suspense has been transferred, which accounts 
for the balance of the Profit and Loss Account (viz., 
1127,765 64, as will be seen from the accounts) being 
so considerably in excess of that for the year 1899. 
As previously intimated to the Shareholders, 
the estate has now been leased for a term of ten 
years, with tiie option to the Lessee of discontinu- 
ing same after the expiry of seven years as trom 
the 1st February, 1901. 
Tlie Lessee is to have the option of purchase at 
any time during the currency of the lease for the 
•sum of £7,000— less £500 to be spent by him in 
putting the Estate and Factory into good working 
order — i.e., for £6,500 sterling nett. 
Mr Stanley Bois retires from the board, but is 
eligible for re-election. 
The appointment of an Auditor for the current 
year rests with the meeting. 
TEE BOGAWANTALAWA DISTRICT 
TEA COMPANY, LIMITED. 
ANNUAL REPORT. 
The Directors have the pleasure to submit the 
Balance Sheet and Accounts of the Company for the 
year ending 31st Miroh 1901, duly audited. 
