ivm 2, 190-2'] THE TROPiCAL AaRlCULTURISt. 809 
The Net Profit for the 
year amounts to . . ^7,782 4 2 
And the Balance from 
last year to .. ':22 17 4 
Making a total of . . i;8,505 1 6 
The Direct'^rs have 
already paid out of 
this, Dividends on 
the 6 per cent Prs- 
ference Shares for the 
year ending 31st 
December, 1900 .. £1,800 0 0 
Interim Dividend on 
the Ordinary Shares 
of 5 per cent free of 
Income Tax .. 2,601 15 0 
Income Tax .. 305 14 0 
And it is proposed : — 
To pay a Dividend of 
6 per cent free of 
Income Tax on the 
Ordinary Shares, 
making 11 per cexit 
for the year . . 3,122 2 0 
And to carry forward 
the balance of ... 6V5 10 6 
£8,505 1 6 
The Auditor, M.r J Hamilton Alston, offers him- 
self for re-election. 
SCHEDULE OF THE COMPANY'S ESTATES. 
Tea. 
aj- 
c 'S 
,ial 
■ing. 
n ci 
a 
'u 
. ca" 
"ea 
fc. ea 
ca CD 
-« ca 
O QJ 
2 ^ P 
o 
n 
H 
Sandringham and 
Yarravale 
527 
4 
12 
543 
Balmoral and 
Clydesdale 
402 
37 
27 
160 
626 
Acres 
929 
37 
31 
172 
1,169 
EASTERN PRODUCE AND ESTATES 
COMPANY, LIMITED. 
REPORT. 
To be presented at the P'ifteenth Ordinary General 
Meeting, to be held at Winchester House, Old Broad 
Street, at 12 o'clock noon, on the 30th April, 1902. 
The Directors submit Report and Balance Sheet for 
the year ending 31st December, 3901. 
The profit for the year is £20,439 93 2cl, which, added 
to £7,242 63 9d, balance from last account, amounts to 
£27,681 15 11. 
From this has to be deducted ; — Interest on Deben- 
tnres £3,600 ; Debentures for £7,500 drawn and paid 
off, with bonus of 6 per cent, on 31st December, 190l, 
£7,875; Interim Dividends of 24 per cent, on Preferred 
and It per cent, on Ordinary Share Capital, paid 4th 
November, 1901, ±'3,746 19s.— Total .£15,221 19s; Leaving 
a balance of £12,459 16s lid, which it is proposed to 
apportion as follows; — Final Dividends on the Pre- 
ferred Shares of 2^ per cent, making 5 per cent for the 
year, and on the Ordinary Shares of Ij per cent, 
making 3 per cent, for the year £5,238 4d; Balance to 
be carried forward as provision for retirement of 
Debentures in the current year £7,221 123 lid. — 
Grand Total £12,459 16s lid. 
The Debenture debt which stood on 31st December, 
1900, at £80.000, has been reduced by the payment of 
£7,600 out of profits, and now stand at £72,500. 
As shown in the schedule below, the Company on 
31st Decembei last, had 11,028 acres under Tea cultiva- 
tion, of which 10,491 were over four years old. 
The yield of Tea in 19U1 was 3,880,383 lb, the 
average gross sale price being 6 Hid,, as compared 
with 6'bld. in 1900, The short yield as compared 
V/iih the previous year is due to the unfavourable 
jjfeftthei; that generally prsYftileiJ c^mfjiueiS with a 
more careful system of plucking. The enhanced price 
obtained for the 1901 crop may bo considered satis- 
factory in view of the fact that the Ceylon average 
price shows no improvement on the corresponding 
period for 1900. 
The average rate of exchange was Is. 4 ll-32d., as 
compared with Is. 4 7-16d. in 1900. 
Accompan.Tiiig this Report will be found a copy of 
Special Resolutions to be proposed at an Extraordi- 
nary General Meeting to be held at the close of the 
General Meeting on the 30th instant. It will be 
remembered that the formation of this Company was 
of an exceptional character, and the Articles of 
Association did not include all the poweis usually 
inserted. It is now considered desirable to supply 
this omission to that the Directors may be free to 
act as and when called upon in the interests of the 
Company in relation to the matters indicated iu the 
Resolutions iu (luestion. 
In accordance with the Articles of Associa- 
tion, two of the Directors, Mr, R. A. Cameron and 
Mr G A Talbot, retires from office, and, being eligible, 
offer themselves for re-election. 
The retiring Auditors, Messrs Welton Jones & Co., 
offer themselves for re-election. Ralph A Camekon, 
Chairman and Managing Director. 
41, Eastcheap, E.C., 11th April 1902. 
SCHEDULE OF THE COMPANY'S ESTATES AT 
31ST DhC. 1901. 
Arapolakande, Asgeria and Bulatwatte, Colonna, 
Condegalla, Doombagastalawa. Dromoland, Hope, 
Ingurugalla and Berrewella, Kirrimettia, Kumara, 
dola, Kubukkau, Labookellie, Meddecoombra, Nor- 
wood, Rothschild, Sogama, Vellai oya and Dandu- 
kelawa and Wevekellie. 
Uiinder Tea. — 11,028 acres ; Cacoa 593 acres ; 
Cardamoms, Cinchona, Rubber and Sundries 327 
acres; Forest, Grass and uucultivated Lund 4,642 
acres, — Total 16,590 acres. 
CEYLON TEA PLANTATIONS CO , LTD. 
a. 
Report of the Directors to be suba 
Fifteenth Aniiual Ordinary General 
Shareholders, to bo held at the office 
pany on Monday, 28th April, 1902. 
The Directors have the pleasure to 
general balance sheet and profit and 
for the year ending 31st December, 
audited. 
The net amount at credit of Profit 
and Loss Account, including Balance 
brc/Ught forward at 31st December, 
1900, and after providing for 
General Expenses, Directors' Fees, 
Income Tax, &c,, is 
Dividends on the 7 per 
cent Preference Shares 
were paid for 1901 (less 
Income Tax) amount- 
ing to 
An Interim Dividend 
ot 7 percent on the 
Ordinary Shares was 
paid 29th October, 
1901, amounting to. 
It is proposed to pay 
a final Dividend of 
8 per cent on the 
Ordinary Shares 
(making 15 per cent 
in all, free of Income 
Tax) which will 
absorb 
To write off for Depre 
ciation 
And to carry forward 
to next year a 
balance ot 
itted at the 
Meeting of 
of the Corn- 
submit the 
loss account 
1901, duly 
£ s, d. 
44,044 11 6 
5,356 7 
11,716 12 0 
13,390 
6,000 
8 0 
0 0 
8,581 i 3 
iUfiii 11 ^ 
