May  I,  1896.J 
THE  TROPICAL  AGRICULTURIST. 
793 
It  was  proposed  by  Mr.  L.  F.  Davies  and 
seconded  by  Mr.  D.  Andrew ; — “ That  Mr.  D.  A.  C. 
Scott  be  re  elected  a director  of  the  company.” — 
Carried  unanimously. 
On  the  motion  of  Mr.  J.  W.  Stocks,  seconded 
by  Mr.  C.  J.  Scott,  Mr.  J.  13.  Laurie,  C.  A.,  was 
re-elected  auditor  for  the  ensuing  year. 
Mr.  Paine  moved  a vote  of  thanks  to  the  Ceylon 
and  London  staffs  for  their  efficient  working  of 
the  company’s  properties  and  business  and  com- 
mented on  the  high  efficiency  of  both,  which  of 
course  tended  in  a great  measure  to  the  suc- 
cessful position  the  company  was  now  in.  Se- 
conded by  Mr.  C.  B.  Slee  and  carried  with  accla- 
mation. 
Proposed  by  Mr.  Slee,  seconded  by  Mr.  W.  W. 
Lord,  and  carried  unanimously,  “ That  a vote  of 
thanks  be  and  is  hereby  given  to  the  chairman  and 
directors  of  the  company,” 
The  vote  of  thanks  was  acknowledged  by  the  Chair- 
man on  behalf  of  himself  and  his  co-directors,  and 
during  his  remarks  it  was  suggested,  and  Mr.  Slee 
proposed,  “ That  a sum  of  £150  be  given  to  the 
directors  as  an  appreciation  of  their  services.” 
This  was  seconded  by  Mr.  J.  W.  Stocks,  and  carried. 
The  proceedings  then  terminated. — H.  and  C.  Mail, 
April  10. 
« 
CEYLON  TEA  PLANTATIONS  COMPANY, 
LIMITED. 
ANNUAL  REPOET. 
Report  of  the  Directors  to  be  submitted  at  the 
ninth  annual  ordinary  general  meeting  of  share- 
holders to  be  held  at  Winchester  Honse,  Old  Broad 
Street,  E.C.  on  Thursday,  23rd  Apiil  1896. 
The  Directors  have  the  pleasure  to  submit  the 
general  balance  sheet  and  profit  and  loss  account 
for  the  year  ending  31st  December  1895,  duly 
audited. 
f 
Tbe  net  amount  at 
Credit  of  Profit  and  Loss 
Account,  including 
Balance  brought  forward 
at  31st  December  1894, 
and  after  providing  for 
General  Expenses,  Direc- 
tors’ Fees,  Income  Tax, 
&c.  is  ' . . 
An  interim  Dividend 
of  7 per  cent  on  the 
Ordinary  Shares  was 
paid  28th  October  1895, 
amounting  to 
It  is  proposed  to  pay 
a final  Dividend  of  8 per 
cent  on  the  Ordinary 
Shares  (making  15  per 
cent  in  all,  free  of  In- 
come Tax)  which  will 
absorb 
Dividends  on  the  7 per 
cent  Preference  Shares 
were  paid  for  1895  (less 
Income  Tax),  amount- 
ing to 
it  is  proposed  to  add  to 
Reserve  Fund 
It  is  proposed  to  write 
off  for  Depreciation 
And  to  carry  forward 
to  nextyear  a balance  of 
53,552  2 1 
11,716  12  0 
13,390  8 0 
5,486  17  6 
19,291  19  2 
2,000  0 0 
1,666  5 '5 
53,552  2 1 
The  yield  of  tea  per  acre  was  437  lb.  over  a pluck- 
ing area  of  8,073  acres,  as  against  372  1b.  for  the 
previous  year,  being  the  highest  average  yie 
tained  since  the  formation  of  the  Company. 
The  gross  price  realized  for  the  Company’s  . as 
was  8'09d  per  lb.  as  against  8 84d  in  1894,  and  u j 
rate  of  exchange  during  the  year  was  Is  1 15  32d 
as  against  Is  1 9-16d. 
The  crop  for  the  year  was  as  under 
Bought  Leaf  Tea  Manufac- 
Estate  Tea.  Tea.  tured  for 
others. 
lb.  lb.  lb. 
3,530,737  665,603  1,110,564  c>uo 
The  following  is  the  acreage  of  the  tea  estates 
at  31st  December  1895  : — 
Total. 
lb. 
5,306,904 
Acres, 
Tea  in  bearing  . . . . 7,955 
Tea  not  in  bearing  . . . . 221 
Timber  clearings,  forest  and  waste  2,154 
Total  . . 10,330 
Subjoined  are  the  acreages  of  the  four  coconut  pro- 
perties acquired  by  the  Company  as  an  investnient 
for  part  of  the  Reserve  Fund  : — 
_ . , Acres. 
Coconut  trees  in  bearing  340 
Do  not  in  bearing  . . 904 
Liberian  Coffee  do  . . 43 
Forest  and  waste  . . . . 943 
Total  . . 2233 
The  Balgownie  estate  of  118  acres  tea  and  203 
acres  of  forest  was  disposed  of  as  it  did  not  suit 
the  Company  to  hold  this  property. 
The  estates  have  been  maintained  in  excellent  con 
dition  throughout  the  past  year,  and  from  latest  re' 
ports  are  likely  to  yield  good  returns  for  the  cur- 
rent year. 
■The  Directors  again  desire  to  record  their  great 
satisfaction  with  the  manner  in  which  the  Cevlon 
manager  and  his  staff  have  carried  on  the  business 
of  the  Company  during  the  past  year,  and  with  the 
results  which  their  labours  have  so  materially  assisted 
to  bring  about. 
unaer  Clause  JNo.  by  ot  the  Articles  of  Association, 
Mr.  H.  K Rutherford  retires  on  this  occasion  from 
the  Board,  and  being  eligible,  offers  himself  for 
re-election. 
'ihe  Auditors,  Messrs.  Harper  Bros.,  Chartered 
Accountants,  also  retire  from  office,  and  offer  them 
selves  for  re-election.— By  order  of  the  Board, 
T ;i  Tin,  A 1 '^°hnston.  Secretary. 
London,  11th  April  1896.  •’ 
The  Cultivation  of  the  Orange  is,  it  is  stated 
about  to  be  tried  in  Ceylon,  and  should  this  prove 
successful,  the  capital  of  the  island  has  all  the  ad 
va.ntages  of  regular  fast  lines  of  steamers,  so  that 
within  a few  years  there  is  no  reason  why  this 
fl^ourithing  British  colony  should  not  supply  the 
English  markets  with  oranges.  As  Jamaica  is  at  the 
same  time  endeavouring  to  arrange  for  exporting 
oranges  to  this  country,  the  outlook,  from  the  con 
sumer’s  point  of  view,  is  decidedly  hopeful.  Th^^ 
^ great  favourite  in  this  country  already 
and  both  Ceylon  and  Jamaica  are  certainly  well 
favoured  for  the  growth  of  the  right  sorts  of  this 
delicious  fruit.— Grower,  March  25. 
For  the  ninth  year  of  the  Company’s  existence  the 
Directors  have  pleasure  in  being  ai  le  to  declare  a 
dividend  of  fifteen  per  cent  on  the  ordinary  .shares. 
It  will  be  observed  the  Directors  propose  after 
writing  off  for  depreciation  the  sum  af  £2,000,  to 
carry  to  Reserve  £19,291  19a  2d,  and,  with  the  addi- 
tion of  .£708  Os  lOd  derived  from  profits  on  sale  of 
investments  during  the  year,  this  Fund  will  then 
amount  to  £70,000, 
ULArlNLUU.  genuine  Cure  for  Deafness 
Lin-ing  in  Ears  vVc.,  no  matter  how  severe  or  lono 
tan.ling,  will  be  sent  post  free. -Artificial  Ear 
srniiis  and  similar  a|)pliances  entirely  sunersedod 
A.ldre.ss  THOMAS  ' KEMPE,  ViCToS  cS 
Lo^ndon’  Euildings,  Holborn 
