946 
THE TROPICAL 
AGRICULTURIST. [June i, 1892. 
yeir. Still, the Board consider the Profit and Loss 
Aooount B satisfactory one, especially in view of the 
acreage in full bearing being still so small, the pro 
ductioQ being over 462 lb. to the acre, the large 
quantity of tea made somewhat compensating for the 
low prices obtained. 
During the past year the Directors have acquired 
two blocks of native land, referred to in former re- 
ports, amounting to 43-acs., 1-rd. 28-p6., of which 
30 acres have been cleared and planted with tea. 
The Company's apreage now conaisti of the fol- 
lowing : — 
acres. 
Under tea in fall bearing 123 
1887 Clearing 220 
1888 „ 217 
1889 „ 10 
1890 , 34 
1891 „ 30| 
Grass 
jungle 
Acreage under tea 
634| 
3 
306| 
9m 
Ih all 
This acreage includes Dover. 
The estimate of tea crop for 1891 was 216,700 lb., 
and the quantity defpatcbed from estate 263,497 lb., 
showing an excess over estimate of 46,797 lb. 
Daring the year 80| acres have been cleared and 
planted with tea, and the prospecta from this addition 
are very favourable. 
It will be seen that a further snbatantial sum has 
been expended on our factory and machinery, and 
for dam, &o. Some further small additions will be 
required to the machinery in 1892, but practically, 
our capital expenditure under this head has ceased 
for the preaept. 
The whole of the last issue of 397 shares, at £1 
premium, has been allotted, and the Directors think 
it a suitable opportunity to commence a Reserve 
Fund, and jaopose to appropriate tbe premiums on 
these, and on a former allotment of shares to that 
purpose. The unonnt of £954 lOs is already invested 
in Consols in the names of tbe Chairman and Secretary. 
The net profits shown in the Company's Profit and 
Loss Account, including balance brought forward, 
are £1,688 6 9 
which it is proposed to apportion 
as follows: — 
An interim dividend at 
2k per cent paid in Oct. 
1891, absorbed .. .. £249 16 0 
It is DOW proposed to 
pay a final dividend of 
7^ per, free of 
In come Tax (malring 
10 per cent for the year) 
absorbing 755 11 0 
And to piaoe to Re- 
serve Fund, as explained 
above 654 10 0 
1,659 16 0 
Leaving a balance to 
carry forward ol .. ' #28 10 9 
Balance Shbei ax SIst December 1891. 
Dr. 
To Capital Authorised :— £ B. d. £ b. d. 
2,000 shares of £10 each 20.000 0 0 
„ Capital iBBiied :— 
263 fully paid Vendors' 
Shitres ■•• 
1,:).')0 Shares <5 paid ... 
:m do £2 do 
Debentures InBued to date :— 
" A " Series ... 4,860 0 0 
'< B " do ... 2,600 0 0 
0 " do ... 1.700 0 0 
2,530 0 0 
6,750 0 0 
791 0 0 
10,074 0 0 
S,i60 0 0 
Bills Payable 
Sundry Creditors 
Profit and Loss Account — 
Balance at 31st Decem- 
ber 1800 
Less Dividend at 5 p e 
cent 
3,750 0 0 
250 6 7 
646 0 3 
461 0 0 
183 0 3 
Net Profit ('for 
year to 3l8t 
December 1891, 
including £397 
re^-eived for 
Premim ou 
Shares £1,606 6 6 
IiCga Interium 
Dividend at 2i 
per cent 249 1( 0 
1.856 11 6 
Cr. 
By Degftlessa Estate :— £ a. d. 
Balance from last Ac- 
count ... 12,930 6 6 
Coat of Land Purchased 93 18 1 
Expenditure developing 
new Clearings ... 370 16 ID 
1,438 11 9 
£23,962 18 4 
£ 8. d. 
Less proportion of Ex- 
change Account 
transferred 
Dover Estate- 
Purchase Price 
Coat of {-acre adjoin- 
ing Land purchased 
13,395 I 5 
1 5 
12,996 0 0 
2,000 0 0 
3 3 2 
,, Buildings and Machinery : — 
Balance from last Ac- 
count ... 4,345 6 0 
Amount expended 
during year ... 1,026 8 8 
2,002 3 2 
6,371 14 8 
Less proportion of Ex- 
cbange Account 
transferred ... 51 18 5 
Coast Advances 
Produre Shipments — 
Balance of 1891 Season's 
Tearpal'zed after 
31st D" ember 
Sundry Debiurs 
Investments 
Oash— On Deposit ... fiOO 0 0 
At Bankers ... 331 7 11 
In Office ... 10 7 
5,319 16 3 
7S5 19 8 
1,235 13 5 
163 8 4 
651 10 0 
835 8 6 
£33,962 18 4 
Estate Acoodni, Ibt Jancaby to SIst 
December 1891. 
To Cost of Cultivation ^and Manufacture of 
Tea ... ... £6,084 5 8 
„ Balance, grops profit, 'carried down ... 1,992 3 3 
By Net Proceeds of Tea Bold 
„ 7rofit on Bice, supplied to Coolies 
„ Sundry Beceipts in Ceylon, Manufactur- 
ing Tea for others, &o. 
„ Difference in Exchange 
£8,076 8 11 
£7,371 11 11 
113 2 6 
530 0 18 
61 13 0 
£8,076 8 U 
PbOFIT AND LOSB ACCOUNT TO SIbt Deoeubek 1891. 
To General Chsgea including London Office 
Expenses, Directors' Fees, Auditors 
Fees, Income Tax. Stationery, &o. ... 361 5 3 
„ Interest on Debentures ... 451 14 0 
„ Interest Account ... ... 66 5 6 
„ Telegrams .. ... 13 12 0 
,, Balance, carrried to Balance.Sheet ... 1,506 6 6 
By Balance fsom Estate Account 
,, Sundry Receipts, premium on Shares 
£2,389 3 3 
£1,992 3 3 
397 0 0 
£2,389 3 3 
