« 
680 
THE TROPICAL AGRICULTURIST. 
fApRiL 1, 1902. 
The crops secured amounted to 125,525 lb. Tea, in 
addition to 8,3861b. manufactured from purchased 
leaf, 12i bushels of Coffee and 2,533 lb. Cardamoms. 
The' nett price realised for the Tea was 34-18 cents per 
lb., as against 33-49 cents in 1900, while the Cardamoms 
already sold have realised Rl-10 per lb. nett. The 
shortfall in quantity of Tea crop secured is due to finer 
plucking, rather too lenient treatment of the bushes, 
and insufficient rain during the months of October, 
November and December. 
After making due provision for depreciation of Build- 
ings and Machinery and paying the 7 per cent, dividend 
on the Preference Shares, the profit for the past year 
amounted to R1.248 39 to which has to be added the 
balance of E3,625-45 brought forward from 1900. From 
this total of B4,873-84 a sum of I1173-57 has to be 
written off for amount short realized for sale of pro- 
duce estimated for 1900, and the Directors have 
decided to set aside a sum of R500 to a Ooast Advance 
Reserve Account, and to write off the sum off Rl,223-80 
expended on Capital Account in 1897 on a trace for a 
new road, as there seems no prospect of the road bemg 
constructed. The Directors now recommend that out 
of the available balance of R2,976-47, a dividend of 2 
per cent, be declared and that the balance of R976'47 
be carried forward to the current season's account. 
The estimated crops for this year are 160,0U0 lb. Tea 
and 3,0001b, Cardamoms, on an expenditure of R44,215. 
In terms of the Articles of Association, the Hon. Mr 
W H Figg now retires from the Board, but is eligible 
for re-election. 
The appointment of an Auditor for the current year 
rests with the meeting. 
By order of the Directors, 
Whittall & Co, 
Colombo, 12th Feb., 1902. Agents & Secretaries 
extension to the Factory, and on New Clearings. 
Moreover, it was necessary to obtain a temporary 
loan of R3,.'500 at the time that the instalment was 
paid on account of the mortgage. They therefore 
propose to transfer R6,000 to the credit of the 
Reserve for Extensions, thus bringing total of that 
Reserve up to R30,000, and leaving R3,652-88 to be 
carried forward to next year's accouuts. 
The estimated crop for 1902 is 200,009 lb of tea 
to be produced at 28 cents per lb, which includes a 
fair allowance for manuring. 
In terms of the Articles of Association Mr John 
K Symonds retires from the Board of Directors, but 
is eligible for re-election. 
The appointment of an Auditor will rest with the 
meeting. 
AGRA TEA TEA COMPANY OF CEYLON. 
ANNUAL BEPORT. 
Directors :— Major B F Tranchell ; Joseph Fraser, 
Esq.; John K Symonds, Esq. 
The Directors have the pleasure of submitting 
their Report for the year ending 31st Dec. 1901. 
The acreage of the Company's property is as 
under :- 
Tea in full bearing ... ... 313 acres 
Tea in partial bearing ... 8 do 
Tea not in bearing . . 15 do 
Forest 
Grass, waste land, &c. 
Total area ... 367 acres 
The estimated Crop for 1901 was 200,000 lb, and 
the actual quantity realised was 197,823 lb, or a 
df'ficieucy of 2,177 lb. This crop realised R78,426-19, 
equivalent to 39-64 cents per lb, as against 39'33 
cents in 1900. The expenditure, as shown in the 
accompanying accounts, was R57,l 81-72, or nearly 
29 cents per lb against 28 cents in 1900. 
After deduction of R4,000 for Depreciation on 
Buildings and Machinery, the profit on working ac- 
count for the year amounts to R16,713-36, represent- 
ing about 4 per cent on the value of the property 
as shown in the Balance Sheet. 
After payment of Interest on Loans, viz., R5, 993-99, 
the net Profit for the year amounts to R9, 156-97, 
to which has to be added the sum of R495'91 brought 
forward from 1900, bringing the balance at credit 
of Profit and Loks account up to R9, 652-88. 
During the past year the sum of £1,000 has been 
paid to th(! Standard Life Assurance Co., in reduc- 
tion of the mortgage, which now stands at £6,000. 
The DircclorH do not feel justified in recommend- 
ing a Dividend at the present time, for the greater 
part of profits earned has been spent upon a new 
THE ESTATES COMPANY OF UVA, LTD. 
THE EEPOET, 
Directors.— Messrs W D Gibbon, G H Alston and 
R S Templer. Estate Inspector : — W D Gibbon. Es- 
tate Superintendent : — Dammeria : .7 B Cotton. Batta- 
watte : AVRyall. Gampaha : FJ Whittall. 
Acreage : 3lst December, 1901. 
Tea in Tea in Tea 
full partial not in Total 
bearing, bearing, bearing. Tea, 
Dammeria Group .. 575 — 29 601 
Battawatte and Forest 
Hill ... 413 178 — 591 
Gampaha .. 454 120 33 612 
Total 
. 1,442 
Other 
Products, 
. 30 
Dammeria Group 
Battawatte and Forest 
Hill ... — 
Gampaha ... 45 
298 67 
Timber, Grass, 
Forest and 
Waste Land. 
556 
164 
209 
1,807 
Total. 
1,190 
755 
866 
Total .. 75 ... 929 ... 2,S11 
The Directors now submit to the Shareholders the 
account.3 of the Company for the past year. 
The following were the crops secured ; 627,094 lb. 
Tea; 54 cwt. Cocoa, 25 bushels Coffee and about 240 
lb. Cardamoms, while 92,746 lb. Tea were manufac- 
tured for other Estates. The average nett price 
realized for the Tea was 36-62 cents per lb., against 
34-60 in 1900. 
After providing for depreciation of Buildings and 
Machinery, the nett profit for the year amounted to 
E33,470-51, equal to 4.71 per cent on the Capital of 
the Company, to which falls to be added R8,968 13, 
being the balance brought forward from 1900 leas a 
sum of B13 over-estimated for Tea unsold at the end 
of that year. The Directors have decided to write oflE ' 
Rl,298-70 the cost of a survey made in 1897 for a 
proposed road, as there seems little prospect of its 
construction being carried out, and to add to the 
Extension Fund the sum of R10,000, which will 
form a nucleus of a fund for redemption of 
the mortgage. There is then available for distribution 
a sum of R31, 139-94, and the Directors now recom- 
mend the payment of a dividend of four per cent 
for the year, and that the balance of R2, 719-94 be 
carried forward to the current season's account. 
Expenditure on Capital account during the past 
year amounted to R9, 787-25, which was spent on 
the erection of an assistant's bungalow and the 
addition of withering fans on Dammeria, the up- 
keep of tea not in bearing, and in the instalment 
due on the construction of the Battawatte Road, 
on which there is now only one more instalment 
of R-2,540-52 to be paid in July this year. 
The estimates for the current year provide for an 
expenditure on working account of Rl93,080-1B on 
crops of 690,000 lb. tea 60 cwt. cocoa and 500 lb- 
cardamoms, while, besides the instaloaent due fo;- 
