June 2, 1902.] THE TROPICAL AGRICULTURIST. 
TEMPLESTOWE ESTATE CO., OF 
CEYLOJN. 
The following is tue report of the directors, 
prepared for presentation to the annual meeting 
of this Co. in the office of Messrs J M Kobertson 
& Co. : — 
The Directers have the pleasure to submit their 
reports and accounts for the year ending 31st Dec 1901. 
The Crop amounted to 207, 173 lb which was short of 
the Estimate by 17,827 lb. The shortage occurred 
during the latter half of the season when the weather 
Was most unfavourable for flashing. 7,711 lb clean 
cinchona bark were also harvested. 
The Tea cost 27'57 cents per lb and netted 38'11 
cents, (includiug tea unsold but estimated) against 37 
cents last year, which is not nnsatiafaotory, consider- 
ing the low prices ruling for the period under review. 
The Superintendent deserves much credit for the way 
in whioh he has worked the Estate and kept the tea 
up to a very steady standard of quality. 
The Acreage of the Estate now consists of : — 
479^ acres Tea 5 years old and upwards. 
14| do 4 do 
70i do 8 do 
6 d« 2 do 
11© do Forest. flo 
Siii do Chena anfl Patna. 
1023 
The profit on the year's working amounts to R18,033-30 
including the balance brought forward from last 
season and after paying interest on the loan of 
£1,500. Out of this an interim dividend of 3 per cent 
has been paid on the Preference Shares, absorbing 
R3 258 and the amount ayailabl* for distribution i« 
therefore R14,775-S0. 
The Directors recommend that this sum ba disposed 
of as follows : — 
By the paymenli of a final Dividend of 3 
per cent on the Preference Shares, 
absorbing .. .. R3,258-00 
By the paymont of a Dividend of 3 
per cent on the Ordinary Shares, 
absorbing .. .. R4,926 00 
By transferring to Depreciation account R5,000'00 
By carrying forward the balance of Rl, 691-30 
R14,775-30 
Mr H Gr Bois, who was appointed a Director in place 
of Mr F W Bois who has left the island, retires in 
accordance with the Articles of Association but, being 
eligible, oiiers himself for re-election. 
It will also be necessary to appoint an Auditor lor 
1902. 
KANDYAN HILLS COMPANY, 
LIMITED. 
THE REPOHT. 
ACREAGK STATEMENT. 
Tea in full bearing ... 410 acres 
Not in full beiriiig under one year 23 ., 
Cocoa .. .. ... 90 ,, 
Reserve and Forest Land ... 787 ., 
Total ... 1,310 acres 
The Directors beg to present their Report for the 
season (nded 31st December, 1901, together with a 
statement of the accounts, duly audited, for the same 
period. 
The Tea Crop secured , including bought leaf and 
Tea made for others, amounted to 200,8581b. The 
Cocoa Crop amounted to cwts. 131-1-25 and Croton 
Seed cwts. 2 3-14. The made Tea gathered from the 
Estate itself was 175,200, as against an estimate of 
200,000 1b. whilst the bought leaf represented 1,600 
lb and Tea made for others 24,103 lb, making tb« 
total of 200,858 lb. 
102 
The total cost of production, iuoluding Manuring 
was 25-20 cts. per lb. made Tea. 
■D?;''o';f^-MP'"^''^',°''*''^'' °^ Working account represents 
Rll,261-o9 which, together with Rl,414-38 brought 
fofTla^ n*?"" .9™P 1900, makes a total 
ot iir2.675-97. After paying Interest and other charges 
and providing a sum of R3,0iJ0 for depreciiatiou there 
remains a balance of E208-82, whioh the Direoto'vs re- 
commend should be carried forward to the new year. 
The new season's estimate of Expenditure is based 
on a Crop of 200,000 lb. of mads Tea at a cost of 2->92 
per lb. (including R3,160 to be spent on manuring) 
and 130 cwts. Cocoa costing R3,760. 
Mr. A Collingwood Smail, who has taken up the 
visiting of the Company from the commencement of 
this season, in his report dated I8th February, writes 
hopefully of prospects. Pruning during 190-2 is well 
distributed, whioh should prevent the Factory at times 
being overcrowded, and therefore tend to the makinc 
of a better and more uniform style, the latter a matter- 
to be aimed at with Tea at this elevation. Mr. Smail 
also mentions that he hopes there will be a saving on 
the estimated cost of production. 
Mr. W Shakspeare retires from the Bo ird by rota- 
tion, but is eligible for re-election. 
The appointment of an Auditor rests with the meet- 
ing. 
YATIYANTOTA, CEYLON TEA 
COMPANY, LIMITED, 
DiRECTOEs.— A Thomson Esq., Chairman, Charles 
Young Esq , J M Skinner Esq. 
Manaoino AGENT.S. -Mes.sirs. Whittall & Company. 
Colombo. ' 
SEcaETARY AND OmcERg.— T. A. Williams, 27 Min- 
cing Lans, London, E.C. ' 
REPORT OF THE WRECTORS 
The following is a comparative statement of the 
past three years' working : — 
■3 
OJ O M 
a . 
[> OS 
bo 3 
r— , CUD CD 
(U 
lb. lb. 
1899 2,376 1,343,387 565 Is 4 5-16d 3-48d 5-68d 
1900 2,854 1,470,590 515 Is 4 7-32d 3-40d 4-56d 
1901 2,970 1,261,484 425 Is 4 7-32d 3-83d 5-lOd 
to be submitted at the fifth annual general meeting 
of shareholders to be held at the London Commer- 
cial Sale Rooms, 30 to ,34, Mincing Lane, Loudon, 
E.C ,on Thursday, the 10th April, 1902, at 12 noon! 
The Direetors now beg to submit the duly audited 
accounts of the Company for the year ended 3l3t 
December, 1901, and they regret being unable to place 
before the Shareholders a more satisfactory statement. 
The bearing area, of all ages, was 2,970 acres fconi 
which erops amounting to 1,201,484 lb. were secured, 
and, in addition, 4,338 lb. were made from purchased 
leaf. Of the total, 626,087 lb. were sold in Colombo, 
and 639,735 lb. were shipped to London, the net aver- 
age realised for the whole being 5-lOd per lb. 
Including purchased leaf, the average cost, f o b (or 
delivered to buyers in Colombo), was S'SSd per lb. The 
average rate of exchange for the year was Is 4 7-32d 
per rupee. 
The Crop of last year was much smaller than that 
of 1900, due partly to an alteration in the system of 
plucking, and partly to the season having been a 
less forcing one. As a result the Teas produced have 
shown considerable improvement in quility, but, 
owing to excessive stocks of Tea in bond in London^ 
the increase in the average price secured has not 
