10 
THE  TROPICAL 
AGRICULTURIST. 
iJUI.Y  T,  1896. 
pany’s  option  at  par.  The  above  conversation  will,  on 
the  amount  issued,  effect  an  annual  saving  oI  tOi.)  in 
interest,  a result  which  cannot  be  regauled  as  other 
than  highly  satisfactory. 
The  paid-up  Capital  of  the  Company  now  stands  as 
9,000  Preference  Shares  of  i:5,  fully  paid  . • 
1 non  . £5,  paid  . . 1,000 
800  Ordinary  ^5,  fully  paid  . . 4,000 
17,088  „ £5,  £3  paid  ..  51,204 
Calls  paid  in  adva  nee  on  Preference  Shares 
4J  percent,  First  Mortagage  Deheiiture  Stock 
320 
65,000 
0 0 
649  18  6 
F16G,.584 
The  amount  at  credit  of  profit  and  loss  account 
after  paying  Debenture  Interest  and  all  charges,  and 
providing  for  depreciation  of  buildings  and  machi- 
nery is  £9,342  2s.  5d„  and  after  deducting  the  Interim 
Dividend  paid  upon  the  Preference  Shai^s  in 
ber  last,  there  remains  a balance  of  i8,8UU  lbs  ea. 
which  the  Directors  recommend  be  apportioned  as 
follows ^ _ 
To  reduction  of  Debenture  Issue  Expenses 
Account --^.oOO 
„ payment  of  the  Preference  Dividend 
for  the  6 months  ending  31st  Decern 
ber  last  (making  C per  cent,  for  the 
year),  less  tax  ..  t '2 
payment  of  an  Ordinary  Dividend  at 
the  rate  of  8 per  cent,  per  annum 
(free  of  tax) 
,,  carry  forward  to  next  account..  .. 
The  Directors  have  much  pleasure  in  again  record 
ing  their  satisfaction  with  Mr.  Denison’s  manage- 
ment in  Ceylon,  and  the  work  done  by  the  Super- 
intendents. The  retiring  Directors  are  Mr.  T.  ,J. 
Lawrence  and  Mr.  Thomas  Meares,  who  being  eligi- 
ble, offer  themselves  for  re-election.  The  6 per  cent. 
Debentures  having  been  paid  off,  the  appointment 
of  Auditor  rests  with  the  Shareholders,  and  Mr.  A.  N. 
Fiewer,  Chartered  Accountant,  offers  himself  for 
election.  . 
Huon  C.  Smith,  Chairman. 
J.  Huntley  Thrino,  Managing  Director. 
Hugh  Chapman,  Secretary.  London,  April  27, 189fi. 
SCHEDULK  OE  ESTATES. 
4.421 
229 
2 
15 
Names  of  Estate. 
O 0) 
o ^ 
^ o 
o ^ 
ce  ^ 
® c 
« 
c3 
O 
o . 
o d 
Q 
• ® Fh 
^ 2 
U CS 
o 
c3  ^ 
c3  fl 
a c 
® p 
Q p. 
(D  . 
d 
O 
u 
o , 
X 
o 
u 
P- 
d 
Bogahawattee 
Le  Vallon  and  Raja- 
541 
talawa* 
1,216 
Dcnegama  (one-half)  . . 
155 
Peacock  Hill 
Keenakelle  (including 
Serendib  and  Keena- 
300 
gashena)! 
500 
Peradenia 
424 
Oodewelle 
417 
Ooragalla 
Wiltshire  and  Hamp- 
320 
shire^ 
269 
Wangle  Oya 
445 
Moralioya  and  Wilton 
188 
Pathragalla 
100 
77 
618 
..  2,.358 
3,579 
69 
224 
. . 1!)2 
492 
40  810 
1,570 
. . 747 
1,171 
. . 978 
1,395 
. . 129 
419 
. . 517 
844 
. . 12-2 
567 
..  267 
456 
30  319 
725 
4,875  ^ 270  70  6,585  12,080 
The  above  may  be  considered  an  exceedingly 
satisfactory  repoi t,  and  1 may  <leal  editorially 
with  one  or  tw  > npecicd  features. 
CEYLON'  TEA  IN  AMEIUCA. 
Everybody  in  C'cylon  knows  how  cautious  is 
the  IManters’  American  rommissioner.  One  is 
always  safe  in  addiici;  something  to  Mr.  Wm. 
* Also  5 acres  cardamons, 
I Also  120  acres  coffee,  and  100  acres  cocoa. 
J Also  55  acres  cocoa  and  3 acres  cardamons. 
Mfick'pnzie’s  anticiiiafions,  bpcanse  they  are  nearly 
alw.ay.s  sine  to  orr  on  the  safe  side,  jii.sf  as  in 
flic  ca.se  of  some  other  ant liori ties,  one  is  inclined 
to  allow'  for  over-saiigiiineiiess.  Well,  from  iMr. 
Mackenzie  I have  bad  a very  iiitercsliiig  and 
satisfactory  account  of  the  contiiuied  jirogress 
made  by  his  own  and  Mr.  Jllecliyiiden’.s  mis- 
sion, on  behalf  of  onr  and  Indian  teas.  That 
tlie.se  are  graduallj'  getting  a linn  liold  of  the 
American  market  is  the  great  fact,  the  large 
dealers  being  forced  by  the  hadnes.s  of  the  Chinese 
“black ” teas,  to  take  onrs  instead.  The  cainjiaign 
agaimst  the  adulterated  “green”  teas  has  not  de- 
veloped yet,  hut  will  come  later.  Lipton  has 
now'  commenced  tea  dealing  in  America  on  a very 
large  scale  and  so  has  the  Mazawattie  Co.,  as  well 
as  the  Messrs.  Tetley.  Mr.  Mackenzie  does  not 
expect  a great  increase  in  the  consumption  of 
Ceylon-Indian  teas  this  year  over  1895 — the  great 
rise  has  been  in  1894— for  it  is  every  alternate 
year  that  indicates  special  progress,  it  re(]uiring 
at  pre.sent  a second  year  to  work  off  the  teas 
poured  in,  say  in  1895.  But  I cannot  see  why 
an  accelerated  rate  of  progress  should  not  shortly 
be  expected  ; for  the  trade  now'  being  built  cn  a 
sound  basis  is  bound  to  develop  widely.  Indeed, 
one  firm  of  dealers  in  our  teas  already  sjiends 
in  advertising  in  its  own  way  as  big  a sum 
annually  as  the  “ Thirty  Committee  of 
Ceylon’*  allot  to  America  ! Mr.  Mackenzie  has 
certainly  surprised  me  as  to  the  cost  of  adver- 
tising in  tlie  leading  jmpers  and  jieriodicals  of 
the  States,  and  I iiuestion  if  in  England,  so  large 
a price  was  ever  paid,  as  .t‘750  for  one  page  on 
the  hack  cover  of  a leading  monthly — jiist  for 
the  one  insertion,  but  tliat  I am  assured  is  the 
rate  demanded  ! 
Mr.  Mackenzie,  w'ho  looks  very  well,  would 
like  Mr.  Melville  Wliite  (now  on  his  way  home) 
to  take  Ills  place  for  tlie  summer  or  autumn 
tour  of  two  montiis  across  the  Atlantic  ; but 
the  ex-cliairman  indicates  he  is  coming  home 
for  a holiday  rather  tlian  to  attend  to  hnsiness. 
— The  dis]Hite  between 
.SIR  JOHN  MUIR  AND  MR.  JAMES  .SINCLAIR 
over  Belgravia  and  Elgin  estates  is,  of  course, 
much  talked  of  in  Ceylon  circles  in  the  City. 
There  is  a general  feeling  tliat  there  is  bound 
to  be  a settlement,  if  not  a compromise,  satisfactory 
to  the  shareholders.  Mr.  Sinclair,  I hear,  is 
))ersonally  in  exceedingly  strong  legal  hands  who 
have  been  very  careful  about  liis  jiosition  ; w hile 
the  opinion  of  the  Solicitor-General  for  Scotland 
has  been  taken  on  the  dispute  and  is  very  clearly 
against  Sir  John  Muir.  Still,  for  aught  I know, 
tlierff  may  he  strong  legal  ojunions  the  other 
way.  Tlie  question  has  been  asked  why  the 
statutory  meeting  is  delayed  : w'cll,  the  due  datt 
is  not  yet  fully  nj),  1 hear ; and  it  would  obviously 
he  unwise  to  make  a statement  wliile  negotia- 
tions are  pending,  w'hich  it  is  generally  hoped 
will  obviate  a case  in  the  courts. 
NEW  TEA  LAND  CLEARINGS  IN 
IIALDUMULLA. 
There  are.  several  new  clearings  and  extensions  for 
tea  cultivation  in  progress.  Mr.  Anderson,  of  Tionpo 
estate,  Talavvakella,  proprietor  of  Ohiva  estate,  in 
the  Kaliipahana  ^'.aliey,  adjoining  Meriatcmio  e.state 
is  clearing  nearly  2()()  acres  for  tea  land.  Ol.iya 
estate  adjoins  Ildaveria  on  one  side,  and  at  the  last 
sale  in  the  T;ondoii  Market  Udaveria  tea  fet 'hod  a 
very  good  price.  'I’bo  tea  bushes  in  the  latter  es- 
tates are  woitli  looking  at.  they  are  a lino  sainplo 
of  the  best  tea  grown  in  the  island. 
Mr.  W.  llorinon,  the  Snporinteudeut  of  Golcouda 
no  bo  half  of  tho  proprietors,  Capt.  Farquhftrson 
