May 1, 1902 ] 
THE TROPICAL AGRICULTURIST. 
753 
THE WALAWE ESTATE COMPANY, 
LIMITED. 
REPORT OF THE DIRECTORS. 
DiHECToBs : — Messrs. Edward Elliott, and Edward 
Rosling. 
Th« Directors herewith submit their Report and 
Balance Sheet for the year ending 30th September, 
1901. 
The WorkiDR Account,, inclusive of R250 deficiency 
from season ending 30th September, 1900, shows a loss 
of R2,626'82 ; and with the liabilities for interest, &c., 
and cumulative dividend on Preference Shares, it is 
increased to R4,824'40. 
Acreage, &c. — Tbe whole acreage of the Estate is 
865 acres, of which about 560 have been aswedumised ; 
out of this the area cultivated in the year was 1,054 
bushels (twice over), or about 527 acres. An extent 
ef 100 acres has been added since the Estate was 
taken over by the Company, and more would have 
been done but for the want of cattle, which are be- 
coming very scarce in view of the extension of culti- 
Tation in the neighbourhood. 
Chops, &c — The Estate shave was 5,162 bushels 
paddy, which realised R7,125 02; and there was a 
profit of R571'96 on the purchase of seed 
paddy, makin;? a gross income of R7, 696*98 
as against R8,419'3l in the previous year. 
The deere lae was due to poor Maha crop. The Talla 
was a fair one, aud the Uireotors are glad to say the 
Maha cow being taken ia exceedingly good, and the 
Estate share is likely ;to realise R4,600 though 
the area cultivated was about 50 acres less owing 
to the sufficient supply of buffaloes. 
The Provisional Directors, Messrs. Edward Elliott 
and Edward Rosling, in terms of the Articles of Asso- 
eiation, retire fiom the Board. 
The appointment of an Auditor for season 190102 
rests with tbe meeting. 
EMPIRE TEA COMPANY. LIMITED. 
Registered February 26th, with a capital of 
£5(^,000 in £1 shares. Object : to plant, manufac- 
ture, and deal in any way with tea, coffee, cocoa, 
ftnd other Eastern and Colonial products ; as 
brokers, importers, coniniission agents, whereliouse- 
men, and wharfingers; to erect machinery, factories, 
warehouses, &e. The sii^natories are ; — 
Shares. 
B G Le Butt, 10. Ashmount-road, Toten- 
ham, N.E 1 
G A Pollard, Ivanhoe, Anerley-road, West- 
cliffe-on-Sea 1 
A Bates, 55, Diinsmure-road, Tamford- 
hill, N. 
W L Simpson, 93, Station-road, Church- 
end, Fiochley 
Op^itchell, 41, Ockenden-road, Islington, N. 
J B Stewart, 4, Penchurch-buildings, B.C. 
C W Latham, Oleander Villa, Birkbeck- 
road, Beckenham 1 
F Van Allen, Kandy House, WestclifFe-oii- 
Sea .. 1 
A Egger,, 65, Ohardmore-road, Upper Clap- 
ton, N.E 1 
No initial public issue. Tiie first directors (to 
be not less than three nor more than five) are to be 
elected by the subscribers. Qualification, ono share. 
Remuneration to be fixed by the Company. 
TALAWAKELE ESTATES COMPANY, 
LIMITED. 
REPORT 
to be presented at the fourth ordinarry annnal 
general meeting of the Company, to be held at the 
office of the Conapany, on Tharsday, the 27th 
|{»rch, 1902, afi 19 o'clock noon, 
The Direoters have the pleasure to subHsit the 
Balanca Sheet and Accounts of the Company for the 
year ending 31st December, 1901, duly audited. 
The Mortgage has been reduced to JS15,500, by 
payment of the fonrth instalment of £1,500 on 
31st December, last, which has been charged aga 
the profit of the year. 
The yield of tea and cost, of production wfre 
almost the same as in previous years b id 
the gross average price obtained for the te i, r eld 
in London, though a penny le'<3 than that r or 3ed 
last year, was very similar to that obtained i ,'98 
and 1899, and may be considered satisfacto /. 
The expenditure on new clearings, about 6325 ia 
charged against Revenue. 
STATEHENT SHEWING RESULTS OF WORKING V jR 
THE FOUR YEARS ENDING 31ST MARCH, 1901. 
lacked 
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tH 
Acres. 
lb. 
lb. 
lb. 
1898 
802 
421,284 
525 
418,565 
1899 
802 
419,544 
523 
417,164 
1900 
802 
419,632 
523 
417,978 
1901 
t02 
422,038 
526 
420,599 
The net profit for the 
year amounted to 
To which has to be ad- 
ded interest 
And the balance from 
last year of 
a o 
2 =3 g 
m*^ a 
ui - o 
O 
d. 
10-57 
10- 23 
11- 21 
10-23 
£7,066 13 6 
68 9 1 
418 6 8 
cu o 
go 
cents. 
27^ 
27 
27^ 
27} 
d « 
^ £3 . 
o « « 
^ M c< 
s, d. 
1 4 3-16 
1 4 5-lS 
1 40 a 
^ ,.16 
£7,548 9 3 
Interest on 'the mortgage 
for the year has been 
paid, amounting to ... 
The fonrth instalment of 
the mortgage of £21,500 
has been paid, viz . . 
Dividend on the 6 per 
cent Preference Shares 
for the year, less In- 
come Tax, has been 
paid 
An Interim Dividend of 
5 per cent, free of In- 
come Tax, on the ordi- 
nary shares was paid 
on the 1st October . . 
Income Tax 
It is Pboposed — 
To pay a final dividend 
ef 6 per cent on the or- 
dinary shares, free of 
Income Tax, making 11 
per cent for the year, 
which will require . . 
And to carry forward the 
balance of 
4850 0 0 
1,500 0 0 
311 8 9 
1,853 10 0 
876 16 0 
2,224 4 0 
432 11 fi 
£7,548 9 3 
The Directors desire to place on record their appreoi- 
' ation of the efficient management of the Bstat« 
by their Superintendent and his staff. 
The Director retiring on this occasion is Mr 
Charles Murray Robertson, and he being eligible 
offers himself for re-election. 
Mr John Smith, the Auditor, also retires and offers 
himself forlre-electioQ.— By Order of the Board 
ROBERTSON, BOIS & Co. Agents and SecreUries 
12, Penohuroh St., London, E.G., Marohl9. 1903. 
