September i, i8go.] 
THE TROPJCAL AGRICULTURIST. 
201 
SPEING VALLEY COFFEE COMPAJSTY, 
LIMITED. 
Repoet. — To be presented to the Twenty-fifth 
Ordinary General Meeting;, of the Company on Thurs- 
jj day, the 24th day of July, 1890, at 12 o’clock noon; 
il Chop 1888-89. 
I The out-turn of the Coffee crop for this season proved 
satisfactory, the total weight sold in London being 2,607 
1 cwts. 1 qr. 11 lb. ; this brought an average of 96s 9d per 
cwt., the value of the crop amounting to £13,065 7s lOd. 
The yield of Tea on Spring Valley amounted to 
86,458 lb., and this, altogether with the Tea bought’from 
neighbouring estates sold at an average of lOJd per lb., 
the value of the proceeds being £4,425 5s 4d. 
The weight of Tea sold in London from Oolanakande 
estate was 13,128 lb., at an average of 8fd per lb., the 
total value of Tea from this property being £511 19s 3d. 
Cinchona Bark to the extent of 36,969 lb. was har- 
vested on Spring Valley, which sold for £585 11s Id, or 
an average of 3f d per lb. 
The total value of all produce sold during the season 
was £18,588 3s 6d, while the year’s expenditure in 
Ceylon and London, after allowing for profit on ex- 
change, amounted to £13,498 11s lid, thus showing a 
1 profit on the season’s working of £5,089 11 7d ; to that 
! has to be added the balance of £586 5s 8d brought 
! forward from last year, giving a total of £6,675 17 3d 
j at the credit of Profit and Loss. 
On the 10th January last an interim dividend of 2§ 
' per cent, was paid on the capital of the Company, ab- 
I sorbing £2,000 of the above amount, and the Director 
now recommend the payment of a further dividend of IJ 
j per cent., making 4 percent, for the year, free of in- 
I come tax. To meet this dividend a sum of £1,200 will 
1 be required, leaving a balance of £2,475 17s 3d to be 
! carried forward to next year, 
i Crop 1889-90. 
! When the interim dividend was paid in January, and 
■ indeed up till quite lately, the Directors had every reason 
I to believe that they would be able to recommend the 
j payment of a divend at the same rate at the present 
I I time, but from Reports lately to hand from Spring Vai- 
[ I ley it is seen that the Coffee Crop for the above season 
1| will fall far sliort c f estimate. The original estimate 
was 1,200 cwts , but it is feared that a total of only 800 
I cwts. will be secured ; so large a shortage on such a 
j small crop is very diaappointi, g, and with the present 
j good pries ruling f' r Coffee means a very consiiierahU; 
I reduction on the year’s returns. The Boar ', therefore, 
j think it judicious to carry forward » much larger sum 
at the credit of Profit anu Loss than would under other 
li circumstances be necessary. 
j It has been the policy of the Board to retain the 
Coffee on Spring Valley as long as possible, and every- 
thing that skilful cultivation could suggest and the 
means of the Company permit, has been done with 
I this object. Up to the present time this policy had 
I been attended with success, sufficient revenue having 
been obtained from the area under Coffee to enable 
the Company to pay fair Dividends, and also to provide 
considerable sums of money for the necessary outlay 
on planting up large areas of Tea, and on the erection 
of factories and machinery for the manufacture of the 
j leaf. 
i The season for Crop 1890-91 opened well, the Coffee 
I being healthy, and there being every indication that 
I good blossoms would result which the trees would be 
j well able to mature, they being comparatively free 
j from disease. The Directors, therefore, are much dis- 
appointed with the recent reports from Spring Valley 
; announcing severe attacks of green bng and leaf dis- 
I ease which may materially affect the Coffee crop. 
j It was hoped that these pests were disappearing as 
the Coffee looked so healthy, but the regularity of their 
return, thus rendering the trees too weak to mature 
I their crop, coupled with the small yield to be secured 
; for season 1889-90, viz., 800 cwts." off an area of 970 
acres, has compelled the Directors to give instruc- 
: j tioiis to plant up 108 acres of the weakest and least 
ij remunerative ColiaeinTea, thus leaving 862 acres still 
. :| under Coffee, while it is very possible that, year by 
year, this area may have to be gradually converted 
into Tea, unless, as is hardly to be expected, the pests 
which are attacking Coffee should disappear. 
The Tea on Spring Valley is now maturing well ; the 
crop for 1889-90 is estimated at 113,000 lbs., and from 
the way in which the bushes are improving as they 
gain age, the crop for 1890-91 should show a material 
increase on this figure. 
Extensive manuring operations are being carried 
out on Spring Valley, both on Coffee and Tea, and 
as tea responds in a remarkable way to applications 
of manure, the best possible results are anticipated 
from this work. 
The market for Ceylon tea is well supported, and 
the average price for crop 1889-90 will show an im- 
provement on that obtained last year. 
The following table shows the total area now under 
tea on the Company’s properties : — 
Tea. 
acres. 
Planted Nov./Dec., 1884, on Spring Valley ... 271 
,, May, 1885, on Oolanakande ... 143 
„ Kov./Dee., 1885, on Spring Valley ... 230 
„ May, 1886, on Oolanakande ... 7 
„ Nov./Deo., 1888, on Spring Valley ... 20 
Total area under tea 671 
To be planted during 1890 on Spring Valley 108 
- 0 . 
UVA COFFEE COMPANY, LIMITED- 
Capital £100,000, in 10,000 Shares of £10 Each, 
Report to be presented to the Twenty-seventh Ordi- 
nary General Meeting of the Company, to be held at 
No. 5, Dowgate Hill, London, on Thursday, the 24th 
day of July, 1890, at 1 o’clock p. m. 
Crop 1888-89. 
The Coffee Crop for this season was estimated in the 
last Report at 1,500 cwt., aad it will be seen by refe- 
rence to the Aocoun's that the actual outturn, as 
nearly as possible, amounted to this quantity. The 
average price of the Coffee sold in Loudon was 96s per 
cwt.; the total proc- eds derived from the sale of this 
product being £7,183 2s 31. 
Theestimatoo X a On p was 177,000 b.; the actual' 
yield from the -ompany’s estates being 170,150 1b. 
rh IVa brong it an av;r„ge price of H i per Ip., and 
luclnsive of that bought from neighbouring estates, the 
total proceeds amounted to £12,320 18s 3d. 
Cinchona Bark, to extent of 147,715 lb., was sold at 
an average of 4Jd per lb., producing £2,678 5s lOd.: 
22 cwt. of Cocoa were also sold for £92 7s lOd, 
making the total value of all produce for the season 
£22,274 14 b 2d. 
Tho total expenditure for the year in Ceylon and 
London, after allowing for Profit on Exchange, 
amounted to £20,426 Is 9d (inclusive of not less 
than £2,700 spent on Tea factories, machinery, &c., 
and over £400 in adding 67 acres to the Tea area). There 
is thus a profit of £1,848 12s 6d ou the season’s 
working. To this has to be added the balance of 
£220 Os 3d brought forward trem last yeir, giving a 
total sum of £2,068 12s 8d at the credit of Profic and 
Loss Accuunt. 
An interim dividend of 1 per cent on the capital of 
the Company was paid on the 10th of January last, 
which absorbed £1,000 of the last named sum, and the 
Directors now recommend the payment of a farther 
dividend at the same rate, making 2 par cent for tho 
year free of Income Tax. To meet tho dividend now 
proposed the sum of £1,000 will be required, leaving a 
balance of £68 12s 6d to be carried forward to next 
account. 
Crop 1889-90. 
The outlook for this season is fairly good. Tho 
Coffee Crop is estimated at about 1,400 cwt., and the 
yield of Tea from the Company’s estates is expected 
to reiich a total of 250,000 ib., exclusive of buuguc leaf. 
The good prioea which have ruled for Coffee for eome- 
