April 1, 1902. J 
THE TROPICAL AGRICULrjRIST. 
679 
THE CASTLEREAGH TEA COMPANY, 
OF CEYLON. 
THE REPORT OF THE DIRECTORS. 
The directors submit herewith the balance eheet 
and profit and loss account for the year ending 31st 
December 1901, duly audited. 
The balance of proiit (including a debit balance 
of E54*65 brought forward providing for deprecia- 
tion of buildings and machinery as shewn in the 
accounts) is E22,012-54. Of this sum R7,200, has 
been absorbed in paying an interim Dividend at the 
rate of 3 per cent. TheDireotors propose, after placing 
B551-67 to Reserve Fund, being 2;^ per cent, on the 
Profits, as resolved on in General Meeting, to declare 
a further Dividend at the rate of 5 per cent payable 
on the 11th March, absorbing2E12,000 and after pay- 
ing a bonus of 5 per cent on the profits divided 
including Reserve Fund, for the year to the Super- 
intendent, in terms of a promise made to him, ab- 
sorbing R987"58 to carry forward to 1902 account 
Rl,273-29. 
The tot<<l tea crop was 182,272 lb. against the 
estimate of 200,000 lb. The cost of the tea deli- 
vered to buyers was 25 03 cents per lb. or 23 67 
cents exclusive of provision for depreciation of buildings 
and machinery or 2195 cents exclusive of both depre- 
' elation and rnanuring. The tea was sold locally 
realising B8-62 cents per lb. leaving balance of gain 
14'95 cents. Cost in 1900 was 23'43 cents and value 
37'02 cents per lb. 
The Company's property consists of : — 
430 acres tea under leaf. Yield in 1901, 424 lb. 
per acre. 
planted in 1897 and 1898. 
ravines, scrub roads, etc., in the 
eight tea fields of the estate, 
jungle, jungle belts and swamp. 
7 
24 
57 
518 
The estimated crop for 1902 is 200,000 lb. tea or 
458 lb. per acre from 437 acres. 
It will be seen that the property representing 
capital now stands in the balance sheet at approxi- 
mately R547'00 per acre cultivated and that the profit 
per acre is E50'00 as compared with E48"0Q in 1900 
and R60'00 in 1899, the profit upon capital being 
9'19 per cent or including the sum reserved against 
depreciation 10'21 per cent. 
Mr R Huyshe Eliot retires from the Board by 
rotation and eligible for re-election. 
The Shareholders will be requested to elect a 
Director and also an Auditor for the curretn year 
The working of the estate for the years 1899, 1900 
and 1901 compares as follows : — 
1899. 1900. 1901. 
R. c, R. 0. R. c. 
Expenditure on 
Estate and in 
Colombo office ... 36,754 67 35,761 59 39,756 93 
Number of Coconuts 
produced 1,305,429 1,502,298 1,489.218 
Quantity of Coir 
Fibre made Ballots 28,324 22.592 24,876 
Two Directors — Messrs. F C Loos and F J De 
Saram, retire by rotation, and are eligible for re- 
election. 
The Shareholders have to appoint an Auditor for 
1902. 
The current year's prospects are favourable. 
THE HORREKELLY ESTATE COMPANY, 
LIMITED. 
THE CLYDE TEA ESTATES CO., LTD. 
THE REPORT. 
Directors :— Mr F M Laurie, Mr E D Harrison, Mr 
Robt. Davidson ; Agents and Secretaries : Messrs 
Lewis Brown and Co. 
ACREAGE : 
Tea above four years old 546 acres. 
Jungle, &c., 169 „ 
Total 715 acres. 
Your Directors beg to submit their report and the 
accounts for the year 1901. 
The quantity of tea made was . — From estate leaf 
162,423 lb and from bought leaf 8,196 lb against ori- 
ginal estimates of 190,000 lb and 10,000 lb respectively. 
The shortage on estate estimate is due to the unfavour- 
able season experienced, and to the careful system 
of plucking in force from early in the year. 
The expenditure on manuring during the year 
(Rl,997'92) has been charged against revenue as have 
also sundry items on extensions, &c. amounting to 
R560'24. The cost of estate tea exclusive of these, bat 
including transport to Colombo, and selling charges 
was R40,930.07, or say 25-20 cents per lb. The 
average price realised for the whole crop was 31'32 
cents per lb. 
The amount at debit of machinery is R21,614"73, 
against which sums aggregating R9,643"67 have already 
been provided for depreciation. In view thereof the 
Directors do not consider it desirable to meantime 
continue writing oH depreciation on the usual basis, 
and have set aside only a nominal sum of K540'37. 
The customary provision has been made for deteriora- 
tion in value of buildings. 
Incluiling the balance of R2,543*13 brought forward 
from last year, the sum now available for distribution 
is R7,249'89, from which the Directors recommend pay- 
ment of a dividend at the rate of 2i per cent. This 
will absorb R6,750.— and leave R499 §9 to be carried 
forward. 
In terms of the articles of Association Mr R David- 
son retires from the Board, but is eligible for re-election. 
The shareholders have to appoint an Auditor for 1902. 
REPORT OF THE DIRECTORS. 
Managing Director. — Mr. C E 11 Symons. Direc- 
tors :— Messrs. F J De Saram, Stanley Bois, F W 
Bois and Hon. F C Loos. Secretaries :— Messrs 
Lewis Brown & Co. 
The Directors have pleasure in submitting the 
accounts of the Company for the year ending 31st 
December, 1901, shewing, after writing off R6,011-43 
for depreciation on Buildings, Plant and Machinery, 
a profit of R23,231'71, which, with the balance of 
Rl,667"80 brought forward from 1900, gives a total of 
24,899'5l available for distribution. 
The Directors recommend that a dividend at the 
rate of six per cent on the Capital of the Company 
be declared. This will absorb R24,000, — and leave a 
balance of R899 51 to be carried forward to 1902, 
THE KIRKLEES ESTATE COMPANY, 
LIMITED. 
Directors.— Hon. Mr W H Figg, Messrs. G H 
Alston and John Gordon. Estate Superintendent, — 
Mr J Armilage Ogden. 
Acreage : 31st December, 1901. 
Tea in bearing . . 380 acres 
Do partial bearing . . 35 do 
Tea not in bearing .. 33 do 
Timber & Cardamoms, about 122 do 
Grass & uncultivated land 147 do 
Total 717 acres 
The Directors have now to submit to the Share- 
holders the accounts of the Company for the yast year. 
