634 
thE TROPICAL AQRiCULTUftlSt. 
[March 2 , 1891 . 
it certainly reflects the greatest credit on the manager 
of the Gallebodde Estate that he has succeeded in 
producing such a perfectly wonderful and previously 
unheard of speciineu of tea. 
THE YATHANTOTA TEA COMPANY, LTD. 
Report of the Directors for presentation to the 
annual ordinary General meeting of the tliareholders 
to be held on Friday, 13th February 1891, at noon. 
The Directors have pleasure in submitting to the 
Shareholders the Accounts of the Company for the 
past year. 
Owing to labour difficulties in the early months of 
the year the crop secured was less than was estimated, 
but as the labour supply is now ample for nil require- 
ments and as the whole Estate has been recently 
pruned, it is expected that a large increase in the 
yield will result in the current year. 
The total crop was 154,303 1b. of made tea, which 
cost, laid down in Colombo, E39, 09435 and netted 
R68,344’01 or about 44J cents per lb. as compared with 
48 cents per lb. for the preceding crop. The Dinc- 
tors Bttributea the falling off in the average price to 
the higher rules of Exchange ruling during the year. 
The expendit re includes cost of manufacturing 10,728 
lb. of tea fora neighbouring estate, credit being given 
in the accounts for receipts under this head. 
After making the usual provision for depreciation 
of Buildings and Maebiuery, the net profit for tlie 
year (including the balance from 1689 account) ameuats 
to E23,0O2'87, of wich RIO, 800 has been absorbed in 
paying an interim Dividend of 12 per cuit. The 
Directors propose to apply Rll, 700 in paying a further 
dividend at 13 per cent (making 25 per cent for the 
year) and to carry forward to next year’s account the 
balance of R502’87, which they hop® wiil meet with 
the approval of the Shareholders. 
Arrangements have been made for planting farther 
30 acres in tea this year, which will bring up the cul- 
tivated acreage of the Estate to 488 acres. 
Tbe crop in 1891 is estimated at 180,000 lb, tea against 
an estimated outlay on the estates of 1144,200 and it 
is anticipated that the sum of R4,000 will be spent 
during the year on tbe new clearings of 84 acres. 
In terms of the Articles of Association, Mr. A, Thom- 
son retires by rotation from tho office of Director, but, 
being eligible, offers himself for re-election. 
mXhe appointment of an Auditor will rest with the 
eeting. 
Hr. 
Balance Sheet 31st Dec. 1890. 
Li.vniLiTins. 
To Capital— 
lOU Shares at 11900 per share 
To Extension Fund Account- 
Balance of this Account 
To Debts and Liabilities of tbe Company- 
Due to Chettles,Coo!ies and others 
as per Superintendent’s Balance 
Sheet 10,687 84 
Duo to Wo-Oya Tea Company Li- 
mited ... ... ... 810 09 
Auditor’s Fee ... ... ... .50 — 
90,0t'0 
6, -500 
To Profit and Loss Account— 
Balance of this account 
Less Interim Dividend paid 
-11, .548 53 
2.3,002 87 
10,800 — 
-12,202 87 
R120,251 40 
Cr. A.ssETS. 
By I'ropcrty fTminoVablc) held by the Company vis:— 
I’olalagaina Estate 
lyand 
BnlldingK original cost 
l.cfis written oft, viz:— 
3-lOllisol 111.5,400 22 (18H8) (,040 70 
2-lOllihol K .5,004 7.5 (ISKO) 1,000 05 
l-10t)isol H 2,014 1.5 (isyo) 241 45 
2.3,118 42 
64,938 06 
■.5,012 10 
E.xpcndlturc on Clearings 1889 and Iboo 
AbuHiolla hand m «i 
-17,206 26 
8,, 34.3 49 
■ 00,488 41 
6.680 70 
By Property (Movable) held by the Company, viz:— 
Polatagania Estate 
Machinery original cost 16,1.59 05 
iiess written off, viz: — 
3-5ths of 1113,809 37 (1888) 8,285 62 
2-.5ths of R 2,015 81 (1880) «06 32 
l-.5ths of R 3.33 87 (16901 66 78 
9,138 72 
R. 
Stock in Trade 
Value of Tea unsold (since realized) 
By Debts due to the Company 
(considered goodl 
Coast Advances ... ... g 217 39 
Sundry amounts due fo the Estate for ’ 
lent labour &c. as per Superintendent’s 
Balance Sheet ijqq 09 
By Cash 
In Bank on Current Account 
7,000 33 
... 7,3.59 62 
7,917 48 
798 86 
R120,251 64 
PoLATAGAMA Estate VVobking Account, 1890. 
Dr. To expenditure for year as per Super- 
intradent’s Monthly Reports ... 48,550 90 
Less Expenditure on Permanent works 
transferred to debit of Polatagama 
Estate, viz 
On Buildings... ... 2,614 45 
On Machinery. ... ;333 87 
On Netv Clearings ... 6,503 23 
9,456 55 
To Balance carried down... 
— 39,094 35 
... 30,543 32 
69,637 67 
To Amount written ofi for depreciation, viz :— 
2,311 84 
3,231 81 
1-lOth Cost of Buildings.., 
l-5th Cost of Machinery.,, 
■ 5,543 65 
To Balance transferred to credit of Profit and 
Less Account... ... 24,999 67 
R30,543 32 
Cr. 
By net proceeds of 16.5,031 lb Tea...73,052 06 
Less for 10,7281b. Tea 
manufactured & 
■ sold for 'We-Oya 
Estate... 4,708 05 
154,303 68,344 01 
' Receipts for manufacturing Tea 
By Bonus on Fire Insurance 1888 
By Balance brought down.. 
Dr. 
. 1,287 30 
6 37 
69,037 67 
. 30,543 32 
R30,543 33 
Profit and Loss Account foe the Year Ending 
31st December 1890- 
To Payment of Dividend for 1889 at 25 per cent... 22,500 — 
To Amount transferred to Extension Fund 
account... ... ... 6 son — 
To Balance carried down ... ’475 ig 
29.475 18 
To DlrectoFs, Inspector’s and Secretary’s fees 
m Rent for the year... ... 2,000 
To Stationery, postages and sundries ... 192 
To Interest ... 
To Auditor’s fee ... *’■ 
To Balance gg QQg 
B25.474 85 
R c 
By BalanccI of Profit at 31 st December 1889 ... 29,476 18 
29,475 18 
3 I gig: 
