June -2, 1902,] THE TROPICAL AGRICULTURIST. 
8-ii 
The total crop, including 46 cwt. coffee, realised 
£36,262 193 lid cett, equivalent to a gross aveiage 
for the tea, of 81ld per lb., against 8'98d hist 
year and 9'40d for the previous season. 
Mr Keith F Arbuthnot has been re-appointed to 
the Board of Directors. 
Mr W Forbes Laurie retires by rotation, but 
being eligible, offers himself for le-electioB. 
Messrs, SiUf^leton, Fabian & Co , the Auditors to 
the Company, retire, and, being eligible, offer them- 
selves for re-election. 
James Sinclair, Managing Director ; Bowe, White 
& Co., Secretaries. 
April 14th, 1902- 
THE ALLIANCE TEA COMPANY OF 
CEYLON, LTD, 
REPORT OF THE DIRECTORS 
to be submitted at the annual ordinary general 
meeting of shareholders, to be held at the Com- 
pany's Office, 9, Fenchuroh Avenue, London, E.G., 
on Friday, 9th Ma.y, 1902, at 11-30 a.m. 
The Directors have pleasure in submitting the 
balance sheet and profit and loss account for the 
year ending 31st December, 1901. 
The Nett Profit, after payment of 
Debenture and other Interest for 
the year, amounts to . , £4,868 16 10 
To which has to be added the 
Balance brought forward from 1900 1,272 10 1 
£6,141 6 11 
An Interim Dividend of 3 per cent was paid 
on the 26th September, 1901, absorbing £1,957 168 ; 
and the Directors now propose to deal with the 
Ibalance as follows : — (1) In writing off from cost 
of properties as depreciation of machinery, &c. 
£1,000 ; (2) In payment of a final dividend (free of 
Income Tax) of 3 per cent (makiug 6 per cent for 
the year) i'1,957 16^ ; In carrying forward to 
next year the balance of £1,225 14s lid. Total 
£6,141 63 Ud. 
The following table gives the acreages and results 
for the year : • 
a 
•S ^ — 
Estate. .5;^ 
cS o 
c i> 
a M 
"A 
Aberdeen 361 101,537 281 29 85 4 79 12 2 0 
Calsay 365 172,604 473 30 30 6'79 1,355 7 3 
Dunkeld 517 184,883 358 31-14 5 92 685 14 2 
Luccombe 542 173,751 321 2980 5-42 470 0 3 
Thornfield and 
Gleneagles 457 257,604 564 26 47 7 25 3,185 8 3 
Uda Ra- 
della 413 196,482 476 28-88 8 20 2,883 12 2 
2,655 1,086,861 409 29 16 6-60 i;8,592 4 1 
The results from Thornfield, Gleneagles and Uda 
Radella are very satisfactory, but the Working 
Profits of Aberdeen and Dunkeld estates show a 
considerable decline owing to the reduced tea crops. 
The total acreage of the estates on 1st January, 
1902, was as follows : — 
Acreage under Tea, 
Estates. 
Aberdeen 
Calsay 
Dunkeld 
Luccombe 
Thornfield and 
Gleneagles 
Uda Radella 
Kehelgama 
317 
352 
517 
.54 J 
457 
405 
a 
M 
14 
13 
10 
7 
62 
361 
375 
517 
542 
464 
475 
m 01 . 
c; CO o 
U <^,>j 
O 
119 
12 
79 
208 
48 
80 
322 
■o<5 
480 
387 
596 
750 
512 
555 
322 
2,6-20 35 79 2,734 868 3.602 
la accordance with the Articles of the Aasocia- 
tioi), Mr. R. S. Corbett retires from the Board 
at this meeting, and, being eligible, offers himself 
for re-election. 
Messrs, W B Peat & Co. nho offer themselves 
for re-appointment as Auditors to the Company,— 
By order of the Board, 
W. H. Bartlett, Secretary 
London, 28th April, 1902. 
THE RAGALL\ TEA ESTATES LTD. 
REPORT OP THE DIRECT OR 4 
to be submitsed to the shareholders at the seventh 
annu-al ordinary general meeting, to be held at 30, 
Mincing Lane, B.C., on Monday, 5th Miy, 1902, 
at 12 o'clock noon. 
The directors beg to submit their report and also 
statement of accounts duly audited, for the period of 
twelve months ending 3l8t DecemDer last- 
Showing a net profit for that period, 
after writing off £200 for deprecia- 
tion of . , . . £3,828 19 4 
Add the balance of last account . , 152 8 4 
Out of which the following dividends 
have been paid; — 
1901, 1st July— Preference 
Shares ., £1,050 0 
1902, Ist Jan, do. 1,050 0 
£3,981 7 8 
2,100 0 0 
1,881 7 8 
From which the Directors recommend 
a dividend of 4J per cent on the 
ordinary share?, free of income tax , . 1,755 0 0 
Leaving a balance to carry forward of , . £126 7 8 
The tea crop for the season amounted to 648,442 lb,, 
against the estimate of 750.000 lb., and the shortage 
of 102,000 lb. was owing to the unfavourable weather 
that prevailed during the greater part of the year, 
and also to the finer plucking adopted on the estates. 
The net average piice of the tea was 6-97d. per lb. 
The crop for the present season is estimated at 
745,000 lb., which should be fully realised. 
The Directors are pleased to say thftt progress is 
being made with the Railway to the Udapnssellawa 
district. The Government have acquired from the 
Company the necessary lands for the terminal station 
and it is expected the line will be open for traffic 
some time next year. 
The following are the acreages of the Oompany'i 
estates ;— r j 
Name. Tee, Coffee. Timber Patna, Total. 
&a. 
Ragalla and) _ . 
Halgran Oya f - - 1" •• 
Kalburne .. 730 10 ... 177 . 
302 
64 
1390 
981 
1641 10 
354 
866 
2371 
