840 
THE TROPICAL 
AGRICULTURIST. 
[June 2, 1902. 
Sunnycrof t beinc; about 6jd per lb against 6d last year, 
and Pambagnma about 6-|d against 4Jd, The latter 
estate costs more to work thau the former, and 
the tea is not quite so good, but the qualify is 
improving, and it is hoped Pambagama will show a 
better result in the next annricil report. 
Estimates for the current year provide for crops 
and expenditure (Ceylon) as follows 
Crop. Expenditure, Co=t per lb. 
lb R. F.U.B. 
Sunnycroft .. 780,000 1£0,8?.4 23 cents. 
Pambagama .. 385,000 83,800 25 
1,11.5,000 2(54,634 2 3 73 cents. 
On the above basis the cost laid down in London at 
the current rate of Exchange will be about 4'i5. per lb. 
In addition provision has to be made to the extent of 
Rl,500 on each estate, for planting shade rubber trees, 
and, in the case of Pambagama, R500 for improving 
the coolie lines, which may be regarded as capital 
expenditure. 
The amount spent on buildings and machinery, 
&c., has been £2,767 2s. 4d,, which has been met 
without having recourse to an issue of debentures 
referred to in the last report. 
Both estates are now provided with adequate build- 
ings and machinery, and are reported upon as in good 
order and condition. No further extensions are contem- 
plated at present, The total area is as follows : — 
Planted. Keseive, Total, 
Sunnycroft .. 1,145 668 1,813 acres 
Pambagama .. 607 371 978 ,, 
Mr J 13 Keith, one of your Directors, retires by 
rotation, and does not seek re-election. Mr W R 
Arbuthnot, jnr., will be proposed to take bis place on 
the Board. 
Messrs. Durry, Thurgood & Co, the Auditors of the 
Company, also retire, and again offer their services. 
THE KAKDAPOLLA TEA COMPANY, 
LIMITED. 
KEPORT OF THE DIRECTORS 
to be submitted at the general meeting to be held on 
Wednesday, the 30th April, 1902, at noon, at the 
offices of the Company. 
The Directors submit the statement of accounts to 
8l8t December, 1901. 
The Profit and Loss Account shows a profit on the 
working of the estates of £2,644 14s 4d ; interest, ±14 
IDs 6d ; doubtful coast advances recovered, £5 13s Od ; 
transfer fees £0 10s Od ; brought forward from last 
year, £586 13s 7d. =£3,252 Is 5d. 
The Directors have paid the interest on the deben- 
tures, viz., £1,570; dividend on the preference 
shares to the 30th June, 1900, £939 ; home 
charges, as per account, £147 Is gd ; lewing a 
balance to be disposed of of £595 19s 8d.=£3,252 Is 5d. 
The Directors propose to place to the depreciation 
of machinery account, £250 ; carrying forward 
the balance, £345 19s 8d,=i;595 19s 8d. 
The estimates for the year were based upon a yield 
of 497,000 lbs. The crop resulted in a total of 
411,682 lbs., a falling-off of 85,318 lbs., and, as com- 
pared with the preceding year, the decrease is 72,697 
Iba. 
Daring the year some 150 acres have been manured, 
chiefly with non-stimulating chemical manures. The 
cost of this is included in the current expenditure, 
The cost of production averages 37"10 cents per lb 
of made tea. The amount reali.sed by sale works out 
at 46 25 cents gross, the profit being 9*15 cents per lb., 
as compared with 13 20 in 1900, and 14-20 in 1899 
The esti mates for the current year are based upon 
a normal yield, and on a system of medium to fine 
plucking. 
The labour supply and coast advances are in a 
Bound position on all the properties. 
The buildings and machinery are generally in good 
order and repair, but as the engine on KandapoJla, 
which has now been running for many years without 
a stop, is showing signs of wearing out, your Directors 
hfive approved the erection of two oil engines of 9-h.p. 
eiHch, which are now in working order, A consider- 
a,ble saving in the cost of fuel will probably result 
from this:, firewood being a very expensive item at 
the present time. Should the yield on Devonford 
increase during the year, as anticipated, it will be 
necessary to erect a new roller. 
£25'J has been set aside this year towards the pro- 
vision of this new machinery. 
The yield for the year was lower than was ex- 
pected, especially during the months of November and 
December, owing to unfavourable weather, whilst the 
market price for fine and medium teas, such as are 
produced upon the Company's properties, was lower 
then in any previous year. 
The following is the total acreage of tea, Ac, and 
crop secured for 1901 :— 
Forest, Waste, 
Estates, Tea Acreage. &c. Tea Crop 
Acres, Acres. lb. 
Kandapolla (Group) 
Frotoft (Group) 
Erroll 
Devonford 
369 
478 
2)5 
245 
17 159,20^ 
177 121,2ll 
24 68,97^ 
42 62,29* 
1,307 
260 
411,682 
Mr J H Alexander, the Director, who retires by 
rotation, does not offer himself for re-election in con- 
sequence of frequent absences from London. 
The appointment of Auditors rests with the share- 
holders. 
THE DIMBULA VALLEY (CEYLON) 
TEA CO,. LIMITED. 
directors' report 
To be submitted to the Shareholders at the sijth 
annual ordinary General Meeting, to be held at 
the Cannon Street Hotel, on Thursday, 24th Anril 
1902, at 12 o'clock noon. ^ ' 
The Directors beg to submit the General Balance 
Sheet and Profit and Loss Account for the twelve 
months ending 31st December last. 
After bringing forward £1,973 lOs 6d from last 
account, and providing for general expenses, London 
Office expenses. Superintendents' commissions, and 
£500 for depreciation, the nett amount at credit of 
Profit and Loss Account for the year ending Slat 
December last is £15,474 33 8d. 
Dividends aggregating 6 per cent., less 
Income Tax, have been paid for the 12 
months ending 31st March on the Pre- 
ference Shares, amounting to ..£ 3440 2 8 
An Interim dividend of 4 per cent.', 
less Income Tax, on the Ordinary Shares' 
has been paid, and amounted to . . 4 586 12 0 
It is proposed to pay a final dividend of ' 
4 per cent, on the Ordinary Shares, 
making 8 per cent, for the year, and 
which will amount to 4 586 12 0 
It is proposed to carry to Reserve ' 
Fund a sum of . . . . 2 009 0 0 
(Making the total at Reserve £5,000)'.' ' 
Lea,ving to be carried forward .. 860 17 8 
£15,474 3 8 
The crop amounted to 1,193,3.57 lb, to 31st Decern 
ber, against, for the previous twelve months 
1,091,963 lb, monins 
The Directors recommend a final dividend of 4 
per cent, on the Ordinary Shares, making 8 ner 
cent, for the year, ^ 
The cost of cultivation and placing the cron on 
board ship was 26-18 cents, against 26-97 cents tho 
previous nine months. 
