690 THE TROPICAL AGRICULTURIST. [April 1, 1902. 
Statement of the Company's affairs to the 31st 
December 1901. 
Owing to the very unfavourable v?eather during 
several months of the year, the yield has not come 
np to expectations, the crop secured being only 
133,760 lb against a revised estimate of 160,000 lb 
made tea. 30,199 lb of tea vpere manufactured and 
sold on behalf of the Galinda Estate and the profit 
on the manufacture of this tea is shown in the 
accounts. The crop realised a net average of cents 
28'39 against cents 28-63, in 1900, all tea having 
been sold in the local market. 
All expenditure on the Estate has been debited to 
crop account and, after payment of interest to Pie- 
ference Shareholders and writing off 5 per cent de- 
preciation all round on buildings and machinery, 
the Directors regret to say that a sum ofR322 42 
remains lying to the debit of Profit & Loss Account. 
The Estimate for the current year is 150,000 lb 
which the Directors hope will be secured at a cost 
sliphtly below last year's expenditure. Cost of tea 
laid down in Colombo during 1901 was 25 78 cents 
per lb as against 26-12 cents per lb during 1900 and 
the poor results of the working is entirely due to 
the shortage in crop. 
Mr W MacGregor retires in terms of the Articles 
of Association and, being eligible, offers himself for 
re-election. 
The appointment of an Auditor rests with the 
Meeting. 
THE KELANI tea GARDEN COMPANY, 
LIMITED. 
THE KEPORT OF THE DIRECTORS 
was submitted as follows : — 
ACERAGE. 
334 Acres Tea in full bearing 
30 „ „ planted 1897 
34 „ „ „ 1898 
10 „ „ „ 1899 
14 „ „ „ 1900 
422 
313 ,. Eeserve 
11 ,, Ka vines, Waste and Grass 
746 Acres. 
The Directors submit to the Shareholders the 
accounts of the Company for the year ending 31st 
December, 1901. 
The Crop secured for the year amounted to 150,095 
lb, of made Tea, realizing E47,316-81, or an average 
price of cents 31'52 per lb„ as against an expenditure, 
exclusive of items under Capital Account, of cents 
25'80 per lb. includingEl,840'44 spent on cost of Manure 
and application. 
The Balance at credit of Profit and Loss Account 
after allowing for depreciation of Buildings and Machi- 
nery is 116,807 •30, which the Directors recommend 
should be carried forward to next Account. 
The Directors regret the result of the year's work- 
ing has not been more favourable owing to the ad- 
verse conditions of the Tea market prevailing during 
the early part of the year, coupled with the unfavour- 
able weather for flushing experienced during the latter 
months. 
Whilst a better average price was obtained for the 
year, an increase in expenditure occurred owing to 
the shortness of crop and a more careful selection of 
leaf being made. 
The estimate for the current season is 200,000 lb. 
made Tea, to bo delivered in Colombo at a cost of 
cts. 23 '12, which includes a sum of E4,7.50, or the 
B^aivalent of eta. 2'75 per lb. to be spent on zuannre. 
In terms of the Memorandum of the Articles 
of Association, Mr. Hoseason retires from the Board 
but is eligible for re-election. ' 
The appointment of an Auditor rests with the Meet- 
ing. 
THE ROEBERRY TEA COMPANY, 
THE DIRECTORS' REPORT 
was submitted as follows : — 
Acreage. 
Tea in bearing ... 497 ares 
„ 4 years old ... 109 „ 
„ 3 years old .. 36 „ 
^ , 642 acres 
Cardamoms . , 4 
646 acres in cultivation. 
The Directors have now the pleasure to submit 
the Sixth Annual Eeport and Accounts, being those 
for the year ending 31st December, 1901. The yield 
of tea, during the period has been 291,3241b, coating 
24 '42 cents per lb, as against 26 89 cents per lb last 
rear; and realizing 37'66 cents per lb, as against 
41'60 for the same period. 
After providing for commission due Superintendent, 
and making a liberal allowance for depreciation of 
buildings and machinery, the amount at credit of 
Profit and Loss is E27,391-06. To this must be added 
the sum of E570-76 brought forward from last year, 
making a total of E27-961-82 now available for dis- 
tribution. 
The Directors recommend the payment of a dividend 
at the rate of 5 per cent, on the paid up capital of the 
Company, which will absorb R15,000-00 ; that a sum 
of R12,500 00 be placed to Extension Account, thus 
bringing it to B20,000 00 ; and the balance E461-82 
be carried forward to current season's account. 
The Directors are pleased to state that a further 
£1,000 of the mortgage has been paid off during the 
year, thus reducing it to £1,500, and in accordance 
with the policy indicated in their last Eeport, the 
balance of the Company's indebtedness will be finally 
liquidated as soon as may be — during the present 
season if possible. 
The estimate for this year is 300,000 lb. tea on an 
expenditure of E76,200 00, which includes cost of clear- 
ing and planting 15 acres of tea and 10 acres of 
cardamoms. 
The retiring Director is Mr. Stanley Bois, who is 
eligible for re-election. 
The appointment of an Auditor for the current year 
rests with the meeting. 
The Proposed Indian Tea Cess.— We are 
glad to see that Indian Gardening and 
Planting is doing its best to promote the 
cause of the Indian tea cess. The following 
is the winding up of its latest article on the 
subject : — 
These considerations we earnestly tender to the 
Indian Government. It is their affair as much as 
it is the planters', for the industry is a revenue 
producer, besides being a blessing as an employer of 
labour. It is not merely a question, we submit, 
of a unanimous vote on the part of the tea 
producers. The present situation, produced by 
the powerful rivalry of Ceylon, and the receding 
position of Indian tea on foreign markets, lifts it 
into a question of State policy, which should justi- 
fy the Government from ignoring the minority, 
who are indeed not actively opposed to our 
securing a Cess similar to that of Ceylon, but are 
only apathetic in seeking for it, or actually neutral 
in their feelings towards it. 
