702 THE TROPICAL AGRICULTURIST. [April 1, 1902. 
DONNYBROOK TEA COMPANY, LTD 
REPORT OF THE DIRECTORS. 
Your Directors submit lierewith a, Statement of the 
Accounts for the year 1901, duly audited. 
At last report the capital of the Company stood at 
E171.600. 
being 1,026 Proprietors Shares, 
and 690 Finance Shares 
The Excess Expenditure for 1901 has been met by 
the further issue of 30 Finance Shares and 70 Camn- 
lative Preference Finance Shares, bringing the capital 
of the Company up to E181.600. 
ACREAGE. 
The acreage of the Company's Estates are as 
follows :— 
Tea in full bearing 
Do 
Do 
Do 
Do 
Tea in partial bearing 
Tea not in bearing 
Do do 
. 7 
. 40 
37 planted 
in 1894 
. 13 
do 
1895 
. 52 
do 
1896 
86 
do 
1897 
'. 25 
22 
do 
1898 
.. 15 
do 
1899 
7 
do 
1900 
152 
152 
acres 
Making 304 acres cultivated in tea— 
4 acres forest 
67 acres Chena, Patna and waste 
land, 
which totals 375 acres aa per the Company's 
Books. 
The estimated crop for 1902 is 200,000 lb. Green 
Leaf beina; 177 lb. tea per acre on the 282 acres over 
3 years old. The estimated expenditure shews an 
excess of R4,400 over receipts. ^ . , 
Mr W Shakespeare retires from the Board by rota- 
tion, 'and is eligible for re-electiou. 
The appointment of »n Auditor for the current 
year rests with the meeting. 
THE NAHAVILLA ESTATES COMPANY, 
LIMITED. 
THE DIRECTORS' REPORT 
was next submitted as follows :— - 
In nreaenting a statement of the accounts ot the 
Company for the year eaded 31st December, 1901, the 
Directors beg to report as follows :- 
The conditions attendant on the production of Crop 
ware very adverse compared to those of the preceding 
year, more particularly towards the latter part of the 
**¥he' yield of Tea in consequence fell short of esti- 
mate and was 15,134 lb. less than the crop of 1900, 
namely, 524,840 1b. against 539,9741b 
Owing to an unfavorable turn in the market at one 
neriod of the season, the price per pound realised 
for the V reduce was also somewhat less than last 
Vear namely, 34-84 cents against 35-42 cents, a difier- 
ince' of a little over half a cent. 
Coffee upon which much reliance cannot now be 
nlaoed was also deficient in quantity, and sold for 
E3 181-35 less than the previous year. 
A short crop generally means a relatively high cost 
of nroduction, but in this case it works out at 28-00 
cents per pound as compared with 29-42 cents last year. 
There has, however, been very little manuring done 
*^A sum of R43,978-61 appears as surplus of Revenue 
over Expenditure. Out of this has been paid R12,375 87 
for interest on mortgages, and R3,5OU-0O has been 
carried to a Depreciation Account. 
After payment of Snperintecdents' Bonuses, Secre- 
tariat »nd Auditor's Fees, &c., there remains at Profit 
and Loss Account a sum of R21,692.17 to be dis- 
^^The Directors recommend the payment of a I>ivi- 
;i«nd of 2i Dcr cent on the paid-up Capital of th 
Company. TWa will absorb R9,912-50 ; and th 
balance after payment of Directors' Fees they propose 
to carry to Extension Account to go ^against the 
further Capital outlay. 
Owing to the deficiency of Capital at the outset of 
Company, development out of revenue still has to go on 
though not to such a large extent as of late years, during 
which demands have been heavy. It was mentioned 
in last report that RSO.OOO was estimated as the 
further capital outlay required, and nearly a third of 
that has been spent this year. 
The mo-t pressing need, not yet estimated for, ia 
the installation of Water Power for the Factories' on 
TTry and Nahavilla. Mr J M Mason, when forwarding 
the last Visiting Report on these properties, writes as 
follows : — 
" You will notice that I have written rather fully 
on the subject of water power for both Factories. 
If the Funds can be raised, I think it would be good 
policy to erect Pelton Wheels on both places. Per- 
sonally, as a Shareholder I would willingly forego any 
dividend this year, if by so doing the water power 
installation could be put through at once," " so con- 
vinced am I of the benefit of doing so.'' 
There is no doubt that it would effect consider- 
able economy in the working. Firewood for the 
Engines becomes daily more scarce and distant, and 
consequently increased in coat. The Directors pro- 
pose, therefore, to put the work in hand as regards 
one, if not both Estates, as Boon as finances allow. 
The condition of the several Estates is favorably 
reported on, and the Tea Crop for the coming season 
is estimated at 597,500 lb. costing R156,241, or sav 
R27-82cts. per lb. Besides this the sum of Ell,216 la 
set down as necessary expenditure on Capital Account, 
namely, for Machinery on Nahavilla, Fans on Ury, 
and Road Instalment on Galella. 
ACREAGE. 
Naha- Gal- 
villa. Ury, M P G. ella. Total. 
Tea in full bearing 317 
,, ,, partial bearing 48 
,, not in bearing 90 
Coffee ... ... 30 
Cardamoms ... . . — 
Forest . . . . 45 
Grass, Fuel trees, P'na, &c 71 
375 
146 
16 
41 
15 
41 
132 
766 
217 
35 
84 
267 
72 
254 
1,196 
229 
106 
71 
20 
158 
541 
341 613 2,321 
Total ..601 
The Directors regret to have to record the loss the 
Company has sustained in the death of their late col- 
league Mr. A Orchard, whose lengthened experience 
of planting in the Island made his advice of much 
value. Mr. J M Mason has been asked to take his 
place on the Board. 
Mr. Gordon Pyper retires by rotation from the Direc- 
torship, and is eligible for re-election. 
The appointment of an Auditor for the following 
year rests with the Meeting. 
COLOMBO COMMEKCIAL CO., LTD. 
ANNUAL REPORT 
To be presented to the seventh ordinary general meet- 
ing of the Company, on Monday, the 17th March, 1902, 
at 12 noon : — 
The Directors have pleasure in placing before Share- 
holders — 
Profit and Loss Account for the year ended 30th 
September, 1901. 
jSalance sheet made up to 30th September, 1901. 
The above accounts shew the f of lowing figures :— 
Profit for the year after debiting all 
charges, interest on debentures, &c., 
Add balance brought forward from last 
year 
d. 
8,548 S t 
2,166 11 9 
Less transferred Reserve Fond 
Am available for dividend &o,> 
10,714 
2,000 
8,714 15 5 
