Oct.  I,  1895. J THE  TROPIC,.., , . AGRICULTURIS  T. 
That  the  following  words  and  figures  be  substituted 
on  the  credit  side  of  the  Profit  and  Loss  account 
in  the  place  of  those  appearing  under  the  heading 
of  “ t’cifite  often"  viz. — value  of  tea  sold  and  estimated 
“value  of  tea  in  store  and  afloat  117,097  lb.”  1175,100  07. 
It  was  then  proposed  by  the  Giiaiioian  and  seconded 
by  Mr.  11.  Davidson:— “That  the  report  and  accounts 
as  amended,  be  received  and  adopted,  ’’  which  was 
carried  ncm  con. 
The  CifAiiDiAN  stated  that  the  next  matter  before 
the  meeting  was  the  declaration  of  a dividend  when 
it  was  proposed  by  Mr.  Clauk,  seconded  by  Mr. 
Wadrop,  and  carried, 
“ Tliat  a dividend  of  7 -per  cent  be  declared  paj'- 
able  forthwith,  making  with  5 per  cent  paid  in 
February  last,  a divident  of  12  per  cent  per  annum. 
It  was  then  proposed  by  Mr.  ('dark,  and  seconded 
by  Mr.  Wardeop, 
“That  Messrs.  Cantlav  and  Vandf.rsiraaten  be 
re-elected  Directors  ol  the  Company.” 
M,r.  Alex  Stbw.vsun,  then  proposed  and  Mr. 
Davidson  seconded  p 
“That  .^ir.  John'  Guthrie  be  re-elected  Auditor  for 
the  ensuing  year*'at  a remuneration  of  11100. 
A vote  of  thanks  to  the  Chairman  and  Directors 
for  their  excellent  manaftement  of  the  Company  during 
the  past  year  which  wa^i'-'proposed  by  Mr.  Clark  and 
seconded  by  Mr.  Wardrop,  terminated  tne  proceedings. 
THE  HAl’UGAHALANDA  TEA  CO.,  LI). 
The  first  annual  onliiuuy  goncral  nicotiug  of 
this  Company  Avas  held  today  at  12  noon  at  the 
registered  office,  of  tlie  Comiiany,  22,  Haillie 
Street,  Fort,  those  present  being: — Messrs.  Joseph 
C.  Dunbar,  Chairman  ; Thomas  Mackie,  Director  ; 
Wm.  Taylor,  by  Ids  abtoniey  Robert  Davidson  ; 
Mrs.  G race  Stronacli,  by  lier  attorney  Tlionias 
Mackie ; R.  Lewis  ^1.  Ifrown,  by  his  attornej’ 
Robt.  Davidson  ; Robt.  Davidson  as  a sliarehobler 
and  on  behalf  of  tlie  Agents  ami  Secretaries. 
The  Report  of  tlie  Directors  for  season  1891-9.") 
Avas  taken  as  read. 
Report  of  the  Directors  for  presentation  to  the 
fii-st  annual  ordinary  general  meeting  of  shareholders 
to  be  held  on  30th  August,  1895,  at  12  noon. 
Your  Directors  beg  to  submit  their  first  annual 
report  and  accounts  for  the  season  ending  BOtli  June, 
1895,  which  they  trust  may  be  considered  satisfactory. 
The  quantity  of  tea  manufactured  for  the  season 
(including  estate  and  bought  leaf)  was  173,585  lb. 
After  estimating  the  unsold  tea  at  a safe  valuation, 
the  amount  realized  for  this  product  has  been 
R85,929'01,  which  is  equal  to  fully  49^  cents  peiTb. 
An  interim  dividend  of  10%  for  the  h.alf-year 
ending  31st  December,  1894,  amounting  to  R17,000, 
was  paid  on  22nd  February,  1895. 
The  sura  now  available  lor  distribution  (after 
writing  off  OA'er  half  of  the  formation  expenses  of 
the  Company,  and  setting  aside  Rl,625  for  deprecia- 
tion on  buildings  and  machinery)  is  R17,278,  out  of 
which  the  Directors  recommend  payment  of  a final 
dividend  of  10%,  making  20%  for  the  year,  leaving 
a balance  ol  R278  to  be  carried  forward  to  the 
next  account. 
The  prospects  for  season  1895-96  are  favourable. 
The  Chairman  after  proposing  the  adoption  of 
same  .said  : — “ I have  not  much  to  add  to  the  very 
■satisfactory  report  laid  before  you.  The  season 
owing  to  absence  of  rain  was  not  quite  so  good  as 
e.Npected  and  owing  to  the  necessity  of  pruning 
a large  acreage  the  crop  secured  fell  somewliat 
short  of  the  estimate.  This  season,  however, 
the  pros])ects  are  better  and  there  is  a consider- 
alile  increase  in  the  estimate  of  cro)).  The  Visit- 
ing Agent  reports  very  favorably  of  the  general 
condition  of  the  estate  and  the  vigour  of  the 
bushes,  especially  in  the  lields  pruned  some  six 
months  ago.  Since  the  publication  of  the  report 
final  account  sales  of  tea  for  the  season  have 
been  received  ami  show  a surplus  over-estimated 
value  of  R629'60.  This  amount  has,  therefore,  to 
be  added  to  the  balance  carried  forward.” 
Mr.  R.  Lf.wi.s  M.  Rrown,  bj’  his  attorney 
Robt.  Davidson,  seconded  tlie  adoption  of  the 
report  which  was  agreed  to  unanimously. 
A vote  of  tlianks  to  the  ChaiiTiian,  proiiosed 
by  Mr.  Iho.aias  iM.ackie  and  seconded  by 
Mr.  Rort.  Davidson  brought  the  meeting  to 
a close. 
TURfUNES  IN  THE  KALUTARA  DISTRICT. 
Mr.  Starey  is  erecting  a Turbine  on  Recherton 
estate,  equal  to  20  horse-power,  having  a full 
water  supply  nearly  the  whole  year  rouml. 
On  Geekiyanakamle,  a 28  house-power  turbine 
is  being  erected,  a boring  for  it  being  through 
100  feet  of  rock,  and  here  also  the  water  supply 
is  good. 
♦ 
SOME  MORE  ABOUT  CAMPHOR  TREES  IN 
CEYLON. 
Mr.  Nock  of  the  Hakgala  Gardens  is  still  experi- 
m-.ating.  Ho  imide  a stilt  and  condenser  exactly  like  the 
one  in  Spoil’s  JCncyclopfodia  and  charged  it  with  55  lb. 
of  chips  from  a tree  with  a stem  of  4 or  5 inches  in 
diameter,  and  which  he  thinks  is  about  only  6 or  7 
years  old.  The  fire  w’as  started  and  steamed  away 
for  12  hours.  The  air  all  round  about  smelling 
strong  and  pleasantly  of  camphor,  and  the  water 
seemed  impregn  ited  with  it  and  even  tint  which  ran 
from  under  the  condensers  tasted  strongly  of  it,  but 
when  he  came  to  open  the  condensers,  there  was  no 
camphor.  He  doesn’t  know  if  he  had  it  too  wet  or 
not,  but  that  is  the  only  fault  he  can  think  of,  and 
perhaps  it  was  carried  off  in  the  water  for  the  coolies  ? 
’Tiicre  is  something  he  has  not  got  hold  of  yet.  Mr. 
Nocknoticed  in  the  paragraph  in  Obsenerot  22nd  July  : 
—“What  we  specially  note,  however,  is  that  the 
writer  in  the  vernacular  press  seems  to  ignore  the 
important  point  that  Formosa  camphor  cannot  be 
suitably  refined  without  the  addition  of  the  Japanese 
vegetable.”  What  is  the  Japanese  vegetable  and  is 
it  an  article  that  has  to  be  put  in  to  make  the 
vapour  solidify  or  what  ? perhaps  there  is  somethintr 
in  this  ? 
Mr.  Nock  has  one  of  the  camphor  trees  at  Hakgala 
that  grows  more  like  a willow  than  an  oak.  This  is  one 
that  has  been  coppiced.  There  are  a few  small  ones, 
about  a year  old  planted  in  the  Anuradh.xpura 
Gardens,  and  healthier  plants  no  one  need  wisli 
to  see. 
CITRONELLA  OIL  ADVANCING. 
The  market  for  citronella  oil  presents  an  interest- 
ing study  just  at  the  moment.  The  importations 
during  the  year  which  closed  July  1st  were  nearly 
three  times  what  they  were  the  preceding  year  being 
the  largest  on  record,  yet  the  market  price  has  ad- 
vanced over  fifty  per  cent  during  the  past  six  months 
owing  to  a scarcity  of  oil,  which  is  not  confined  to 
this  market,  but  is  felt  in  all  commercial  centers 
as  well  as  in  the  primary  market.  Truly  this  is  a 
very  anomalous  condition  of  affairs.  What  broi^ht 
it  about^  is  what  everybody  interested  is  anxiouKto 
know.  The  most  reasonable  explanation  that  has 
been  advanced  is  that  the  prevalence  of  low  prices 
for  several  years  lias  largely  increased  the  demand 
Iroin  soapmakers,  many  of  whom  had  bcimr 
using  some  of  the  cheeper  French  essences. 
Especially  during  the  past  year  has  thij  in- 
crease been  felt,  which  resulted  in  such  an  enor- 
mous export  from  Ceylon.  The  course  of  the  market 
during  the  past  six  months  is  good  evidence  that  the 
demand  still  exceeds  the  supply.  The  situation  is 
such  that  lots  which  were  contracted  for  to  be  shin- 
pod  from  Ceylon  in  1895  will  not  come  forward  until 
December,  instead  of  at  intervals  during  the  year  as 
was  expected,  which  will  bring  them  in  the 
,Vhe  scarcity  at  the  source  of  .Sfpply  was 
first  attributed  to  excessive  rains,  which  Avere  said  to 
hfcve  interfered  with  the  distillation,  and^  quite  re- 
cently to  drought.  Although  the  market  price  has  been 
