June 2, 1901] 
THE TROPICAL AGRICULTCTRIST. 
83? 
BANDAKAPOLA CEYLON COMPANY, 
LIMITED. 
REPORT OF THE DIRECTORS 
To bepiesenteil to the Sliareliolciers a': their 9th 
annual ordinary ineeline; to be held at tiie office of 
the Cnmiiany, 'l8. Philpot Laue. Lou'lon, E.G., oa 
Wednesday," 7ih May, 1902, at 12 noon. 
The Directors have pleasare in subruifcting to the 
Shareholders the Acf ounts and Balance Sheet for the 
year ending 31st December, 1901, with Auditor's 
certificate attached. 
After payment of Debenture Interest and all other 
charges, the net profits for the year amount to £2.223 
19s 9d, which with £107 I83 4d, brought forward from 
previous accounts, gives a total to be dealt with of — 
£2,631 18s Id. It is proposed to pay a Dividend for 
the year, of 6 per cent, (iree of lacome Tax) absorbing 
£1,260, To write off Estates Account £5i)0. To write 
off' for depreciation on Buildings and Machinery 10 
percent on £5,265 lis 2d.— £526 lis 'id. £2,286 lis 
2d. Leaving a balance to carry forward of £345 
63 lid. 
The crops aeonred during the season amounted to 
468,901 lb "Tea (iucduding 1S,S92 lb from purchased 
leaf) and 303 cwts. 0 qrs 18 lb Cocoa, against 487,432 
lb. Tea, and 267 cwts. 1 qr. 13 lb Cocoa during the 
previous vear. 
The average yield per acre was 575 lb oi Tea, 
against 612 lb per acre during 1900, this shortage be- 
ing chiefly due to finer plucking, while the prices 
realized were 33 cents per lb for the Teas sold in the 
Coloir^bo market, and 6-254d in London against 
5 512d last year. 
The average rate of exchange was 1/1 §ths per rupee. 
The acreage of the Company's holdings has not 
been altered during the year, and remains as stated 
ia last Report, viz : — 
Tea in bearing .. 783 acres 
Tea not in bearing; ... " 
Cocoa in bearing .. 224 ,, 
Grass, Ravines, &c. ... _1'2 ., 
Reserve, Jungle, &c. . . . . 525 ,, 
Total acreage ... 1,549 acres 
The Visiting Agent, Mr Joseph Fraser, reports that 
the general appearance of the estate i'^ most satis- 
factory, showing a remarkable absence of insect and 
fungoid pests, and the Board take this opportunity 
of expressing their appreciation of the services of 
their Mannger, iVIr James Anderson. 
Of the Debenture Issue £2.100 matured for payment 
on 1st January, 1902. of which £1,850 was renewed 
for three years, and i;2aO for five years at 5 per cent 
interest per annum. 
In accordance with the Articles of Association Sir 
George A Pilkington [retires from the Board, and, 
being eligible, offert himself for re-election. 
Mr John Dalgleish, C.A., also offers himself for 
re-election as Auditor. G W Paine, Chairman. 
16, Philpot Laue, London, E.G., 22nd April, 1902 
GALAHA CEYLON TEA ESTATES AND 
AGENCY COMPANY, LIMITED. 
REPORT OF THE DIRECTORS 
to be snbmitted to the shareholders at the fifth annual 
ordinary general meeting to be held at 30, iMincing 
Lane, B.C., on Thursday, 8lh May :-- 
The Directors have pleasure in submitting their 
report, also statements of accounts duly audited for 
the period of 12 months ending 31st December Inst, 
The gross profit for the season after provi.ling £400 
for depreciation on machinery, &c., is £10,857 Ss 2d ; 
Fdd balance of last account £i00 14s 8d ; equal £10,468 
2s lOd ; from this has to be deducted interest on £55,000, 
debentures at five per cent per annum £3,750 dividend 
on £60,000, preference shares at (i per cent 
per annum £3,600; London charges— fees to 
Trustees, Directors and Auditors £550, interest on 
loan £660 83. 5d., income tax, Insurance, &c,, £248 Is 
106 
7d leaving a balance of £2,659 123 lod, which the 
Directors appropriate as follows : — transfer to reserve 
£1,100 dividend proposed, tliree per cent on £50,000 
ordinary shares, £i,500, balance to carry forward, 
£159 12s lOd ; .qaal to i2,659 123 lOd. 
The tea crop during the season, including 48,053 lb 
from bought leaf, amounted to 1,217,329 lb, and the 
cardamom ciop was 16,973 lb. 
Notwithstanding that the crop was considerably 
belov/ the estimate, owing to the uufavourable weather 
which prevailed all over the Island of Coyion last 
year, and to the fii:er plucking adopted on the estates, 
the net profits would have permitted of a dividend 
of sis per cent, being p.iid on tlis ordinary shares 
for the year, but the Directors, following out their 
policy have wiitten off £400 for depreciation on 
machinery, transferred £1,000 to the reserve, bring- 
ing that Fund up to £6,700, and recommend a divi- 
dend of three per cent, on the ordinary shares for 
the year. 
The Directors are glad to say tliat the standard of 
quality of the Company's teas has been fully kept up 
and they meet with continued favour. 
The factory machinery and all buildings are being 
well maintained and the estates are in the highest state 
of cultivation. 
On the 31st December last the Company had under 
cultivation in tea 2,807 acres, and in cardamoms 
235 acres and the following is a schedule of the acreages 
of tho Company's estftes : — 
Tea 
lis 
a c3 
CO ^^ t»> O fli 
Dunally and North 
Vedehette ... 404 — 49 — 269 722 
Galaha .. 618 — 61 42 58 779 
Goorookelle . . 872 — — — 563 1435 
Kitoolmoola .. 342 — 46 17 25 420 
Mausakelle ,. 253 5 — — 397 660 
Vedehettes, East 
and West .. 868 — 79 69 324 840 
2862 
285 
128 
1636 4866 
Mr C E Strachan now retires from the Board, 
and, being eligible, offers himself for re-election. 
The appointment of Auditors rests with the share- 
holders, and Messrs. Fuller, Wise, and Fisher offer 
themselves for re-election. 
BURNSIDE TEA COMPANY OF CEYLON» 
LIMITED, 
REPORT OF THIS DIRECTORS 
To be presented to the Shareholders at their sixth 
annual ordinary meeting to be held at the office of 
the Company 16, Philpot Lane. London, E.C., ou 
Wednesday, 7th May 1902, at 2 30 p.m. 
The Directors bi g to submit to the Shareholders 
the Report and accounts of the Company, duly 
audited, for the year ending 3l^t December, 1901. 
The total crop from the four estates was 353,284 lb. 
Tea against 402,113 lb for last year and 9 mauuds of 
Tea Seed were obtained and sold as compared with 
52| maunds in 1900. 
For the defl.3iency in crop of 48,829 lbs., Watta- 
galla Estate is mainly responsible, and the present 
Manager considers that the shortuge is fully accounted 
for by tlie fact that a large area fell duo for 
pruning in the middle of the yeav, in addition to 
which somewhat finer plucking was resoited to 
over all the estates. 
[ilr. Thomas Smith, our Visiliug Agent, inhis report of 
his visits townrds the end of January to Burnside, 
Heeloya and Wattagalla states that thiough all the 
old fields of Tea there is no falling-off in the 
appearance or condition of the bushe?, and that 
