S38 
T E TROPICAL 
AGRICULTURIST. [Nov. 1, 190L 
accounts, which are for the year ending June ?0. 
For the present it has been decided to discontinue 
the extension of cultivatifin, as tiie shareholdeis 
seem for ihe most part dif-incliiied lo provide tije 
additional capital that would he necess^ary, and 
the expenditure on factoiy find extension account 
will therefore in the future be f-mall. It is esti- 
mated for next year at about £600 to £700, and is 
chiefiy required for the upkeep of tlie extensions 
of tea and cardamoms made dnrint' the last two or 
three years, which are not yet in bearing. 
The Esiimates of Cro|) Expenditure and'Vield 
for the New Season have as usual been very 
carefully prepared, and are as follows:— 
ExPENDixuEE. Crop. 
R. lb. Tea. 
Wattegodde .. 114,141 .. 440,000 
Hoono cotua . . 78,687 . . 280.000 
EUaKalla .. 28,409 .. 120,010 
Tallagalla .. 62,785 .. 250,000 
Warriagalla .. 60,196 .. 230,600 
Eutlaud .. 62,309 .. 240, nOO 
Sorana .. 66,422 .. 275,000 
Totals 11473,009 @ 1,835,000 
1/4|= £32,273. 
Also about 20,000 lb. of Cinchona fiom Rutland 
5,500 lb. Cardamoms, and 1,680 lb. Cocoa from Warria- 
galla, and 15,000 lb. Ciunaraon from Sorana ; the 
value of the whole of such products being estimated 
at about £1,000 to £1,200. 
The general managers are glad to be able to state 
that the reports they ha.\e received as to the condi- 
tion of the company's estates continue to be rery 
satisfactory, and there is almost an entire absence 
of blight or pest of any kind, so that with normal 
weather and even moderate prices for tea, the 
prospects for the coming season appear to be 
decidedly hopeful. 
MAHALMA TEA ESTATES COMPANY, 
LIMITED. 
The report states that there is a loss for the year 
ended December 31st, 1900, after providing for 
general expenses, directors' and auditors' fees, in- 
terest on debentures, &c , of £1,544. It is proposed 
to adjust t-he accounts in the company's books by 
Writing £910 off the balance of the amount set 
aside for the redemption of debentures, and £109 
off the amount set aside for jirovision against loss 
on coolie advances. There was also a credit 
balance carried forward fiom profit and loss for 
1899 of £100, which leaves a debit balance to be 
carried forward to 1901 of £423.— Home Jc Colonial 
Mail, September 27. 
REPORT OF THE DIRECTORS 
to be presented to the shareholders at the seventh 
annual ordinary general meeting', to be held on 
Wednesday, October 16th : — 
The Directors beg to tubmit the general balance 
Bheet and profit and loss account for the twelve months 
ending 31st December, 1900, duly audited, which re- 
sults in a loss for the year ending 3)st December, 
1900, after providing for general expenses. Directors' 
and Auditors' fees, intereet on debentures, &c., of 
£l>544 7s9d. It is proposed to adjust the account in 
the Company's books by writing off this sum the fol- 
lowing items : — The balance of the amount set; aside 
for the redemption of debentures £910 2s. 6d ; the 
amount set aside for provision against loss on coolie 
advances £109 lis. 6d ; there was also a credit bal- 
ance carried forward from profit and loss for 1899 of 
£100 14s. 8d ; which leaves a debit balance to be 
carried forward to 1901 of £423 19s Id. 
The Directors beg to hand their report for 1900. 
The crop obtained was208,419 lb as against an estimate 
of 230,000. The debenture holders and shareholderB 
have been fully advistd as to ihe various ctLUses tend- 
ing to contiibute tovvaids the disastrous position of 
the Cc mpii iiy. Mottrs Bosanquet & Co, Colombo, 
have bei-n appointed the agents to the* Company in 
Ceylon aB from 1st Ap-il, 1901. 
ihe acreage of the Company's properties on 31et 
December last remained unaltered, at — Tea in full 
bearing, 446 acres ; jungle, 246 acres : total 692 
acres. 
Tlie Directoi 8 report that Mr. Arthur Marshall has 
resigned hifj seat upon the Board ; they have also to 
record the res-ignation of Mr. William Forsythe. Mr, 
Richard Arthur Bosanquet was elected a Director of 
the Company at an extraordinary general meeting of 
the shareholders in November lust. 
Mr. John Abernethy, the Director retiring by rota- 
tion, being eligible, ofiers himself for re-election. Mr. 
Richard Arthur Bosanqnet being eligible also offers 
himself for re-election. 
Messrs Fox, Sissons & Co., Auditors to the Com- 
pany, offer themselves for re-election. 
DOOMOO TEA COMPANY OF 
CEY'LON, LTD. 
RLPOltT OF THE DIIiKCTOR.S. 
Tour Directors beg to submit their Report and 
Accounts for the season ecding 30th June, 1901. 
I he Tea produced on the two Estates was 240,130 
lb costing 26"95 cents per lb and realising 40'39 cents 
per lb as against 40-57 cents for last season, a result 
which Uiay be considered eminently satisfactory in 
view of the condition of the tea market during the 
financial year. 
During the year a new bungalow has been built 
on Verellapatna at a cost of R3,000 and the estimates 
for the present season provide for the erection of fans 
on Verellapatna factory at a cost of R3,500, which it 
is hoped will improve the manufacture of the tea. 
R. 
The amount available to be dealt with is 37,481'22 
and your directors recommend that a 
divided of 7 per cent be paid absoibing 28,00000 
That there be passed to Depreciation account 
a sum of ... ... ... 2,500'00 
That there be passed to Reserve account 
a sum of ... .. ... 5,000-00 
That there be carried forward.a sum of ... 1,981'22 
37,481'22 
The estimates for the current season provide for a 
crop of 260,000 lb tea at a cost of R69,888 exclusive 
of Capital Expenditure. 
The acreage of the two Estates is as follows : — 
Doomoo . . 213 acres Tea 5 years old and upwards. 
9 „ ,, under 2 years old, 
19 ,, Timber. 
58 ,, Chena and Patana, 
■ Verellapatna 465 acres Tea 5 years old and upwards, 
35 „ „ 4 
24 „ „ 3 
10 ,, Grass. 
154 ,, Chena and Patana. 
680 
In accordance with the Articles of Association Mr. 
W D Gibbon retires from the board, but being eligible 
offers himself for re-election. 
It will be necessary to appoint an Auditor for 
season 1901-2. 
