S 6o 
rHK  TRonC.Al.  ACiRlCULTURIS !'.  l JuNE  i,  1897 
who  has  l)een  electecl  since  the  last  general 
meeting,  also  retires,  but  both  being  eligible,  offer 
themselves  for  re-electin. 
Acul'agks  or-  Tea  Estates  at  31st  December  1896. 
The  Company’s  produce  has  been  dispo.sed  of  as 
follows  : — 
6,740  lb.  tea  sold  in  Bombay  and  Colombo. 
221,620  „ „ London. 
Estates. 
be 
s 
Districts. 
Mariavvattc.  .Gamnola. . 467  4 
Atgxlla  ..do  ..  291  81 
Dunedin  Kelani  Valley  417  .. 
Dswalakando  do  ...  481  .. 
Sambawatto. . Yackdessa  360  16 
Mudamana. . K.  Valley . . 391  .. 
Ingo3’a  . . do  . . 250  127 
Wallaha  . .Diinbula. . 247  .. 
Tilly  rie  ..Bogawan- 
talawa..  572  .. 
Scrubs  ..N'Eliya  .. 
Alton  . .Maskeliya.. 
Taugakeliy.  .Dimbula. . 
Waverley  ..  do 
East  Holyrood  do 
Lochiel  . . do 
Rosita  . . do 
West  Holyrood  do 
Yoxford  . . do 
Glenlyon  . . do 
Polmont  . . do 
107  .. 
413  .. 
823  .. 
364  .. 
687  .. 
373  .. 
230  .. 
500  .. 
421  .. 
601  1 
Total  acreages  . .7,998  229 
03 
E 55 
•0 
V 
tuD 
c8 
c5 
oft  ^ 
03  q 
tc  ce 
9 
0 
q O' 
u 
^ Z> 
0 
q 
"tC-S 
'5  2 “ 
^ q ci 
a;  CD 
c6 
'a 
-4J 
0 
H 
*-5 
H 
94 
1 
566 
41 
97 
18 
.531 
21 
87 
, , 
525 
. . 
169 
650 
274 
25 
657 
83 
474 
54 
428 
, , 
859 
23 
20 
290 
31 
148 
2 
756 
4 
30 
10 
151 
33 
12 
458 
44 
43 
910 
4 
368 
46 
733 
37 
45 
35 
490 
49 
19 
298 
16 
1 
517 
29 
21 
13 
478 
23 
8 
636 
, , 
47 
47 
214  1,714  257  10,412 
Acreages  of  Coconut  Estate. 
ICoconuts. 
Estates.  Provinces.  ’S 
<D 
Audigama  . .North 
Western ..  ...... 
iVIavvatte  ..  do  ..  60  397  10  20 
Jakwila  ..  do  ..  ..  339  1 ) 
Sirangapathe  Western  280  188  30 
Total  acreage  ..  .310  1476  133  279 
0 
a 
o • 
be 
c 
1 " 
1 3 
bC 
3 
o^n 
Ph  H 
35  914 
8 504 
4 .343 
7 521 
5 I 2282 
THE  KANGALLA  TEA  COMPANY  OE 
CEYLON. 
Report  of  the  Directors  for  the  year  ending  31st 
December,  1896,  to  be  submitted  at  the  annual  gen- 
eral meeting  of  shareholders,  to  be  held  at  the  Ol'licos 
•f  the  Company  on  Wednesday,  21st  April,  1897. 
The  Direetois  have  .'the  pleasiireto  submit  the 
balance  sheet  and  profit  and  loss  account  to  31st 
December,  1896,  duly  audited. 
The  nett  profit,  including  the  balance  of 
£952  5s  lOd  brought  forward  from 
last  account,  amount  to  £2,724  14  7 
The  final  dividend  for  the  year 
1895  was  paid  on  9th  April,  1896 
amounted  to  . . . . £880 
An  interim  dividend  for  the  year 
1896  was  paid  on  24th  Se]it. 
amounting  to  . . . . 6(;0 
1,540  0 0 
Leaving  a sum  of. . . . ,tl,l.si  1 1 7 
Which  it  is  [iroposed  to  apply  as  follows; — 
In  payuieiit  of  a final  dividend  of  5 per- 
cent for  1B96— free  of  income  tax — 
(making  8 per  cent  for  the  year  £1,100  0 0 
Balance  to  be  carried  forward  to  1897 
account  ..  ,,  84  14  7 
£1,184  14  7 
228,360  lb.  tea  sold,  realizing  £6,219  3 9 
5,262  lb.  cardamoms 
gross  = 4,842  lb.  net,  sold 
in  Ceylon,  realizing  594  2 1 
Total  £6,813  5 10 
The  sales  of  tea  show  a nett  average  price  per  lb. 
of  6.54  pence,  being  equal  to  say  45  rupee  cents  per 
lb.  Exchange  for  the  Company’s  drafts  during  the 
year  has  averaged  1/2  17-32,  as  against  an  average 
Exchange  for  1895  of  1/1  516,  the  difference  thus 
materi.illy  and  adversely  alTecting  the  profit. 
The  acreage  of  the  Estate  is  as  follows  : — 
Tea  in  full  bearing 
. 591A 
,,  ,,  partial  bearing 
. 63 
,,  not  in  hearing 
Cardamoms 
614 
. 56 
Grass  and  Fuel  Timber  . 
. 25 
Forest  and  Waste  Land 
. 444 
Total  1,211  acres. 
The  yield  of  tea  per  acre  has  been  380  lb.,  as  against 
340  lb.  for  1895. 
During  the  year,  an  additional  expenditure  of  £166 
17s  1 d has  been  incurred  011  capital  account  for  tea 
clearings,  whilst  the  sum  of  £81  5s  Id  has  been  rea- 
lised by  the.  sale  of  tea  plants.  The  capital  expen- 
diture has  again  been  reduced  by  writing  off  £300 
for  depreciation  of  machinery,  and  this  policy 
should  be  continued. 
Manuring  has  been  a great  success,  both  in  regard 
to  yield  and  in  the  improved  appearance  of  the  tea 
bushes,  and  it  is  intended  to  treat  216  acres  during 
the  present  season. 
Tlie  prospects  for  the  current  year  are  quite  satis- 
faerory,  the  estimated  yield  being  2,50,000  lb.  of  made 
tea,  .and  4,5001b.  di‘3’  cardamoms,  the  estate  Mana- 
ger’s latest  adviers  i-e))oitii)g  5,000  lb  to  i and  800 
ib.  c.u’damoms  in  exsccs  of  last  year.  All  hands  were 
busy  plucking,  and  the  labour  was  proving  sufficient. 
THE  EOONAGALLA  VALLEY  CEYLON 
COMI'ANY,  LT). 
Report  of  tlie  board  of  Directors  to  be  pre- 
sented to  the  Shareholders  at  their  First  Annual 
Ordinary  Meeting,  to  be  liekl  at  the  Office  of 
the  Company,  16,  Philpot  Lane,  London,  E.C.,  on 
Wednesday,  the  28th  April  1897,  at  2-30  p.m. 
The  Dircetor.s  have  pleasure  in  submirting  to  the 
Shareholders  Uio  Report  and  .Accounts  of  the  Com- 
pany for  the  year  ending  3lst  December  1896. 
The  net  profits  for  the  year  amount  to  £1,831  8s 
2d,  and  this  it  is  proposed  to  appropriate  as  follows: — 
Amount  as  above  ..  ..  £1,831  8 2 
An  Interim  Dividend  of  3 per  cent  (free 
of  Income  Tax)  naid  in  Sept,  amounted 
to  . . . . £525  0 0 
It  is  now  proposed  to  pay  a Final  Divi- 
dend of  3 percent  (also  free  of  Income 
Tax)  making  6 per  cent  for  the  year 
absorbing . . . . 525  0 0 
To  writeoff  the  whole  of  the  Preliminary 
Expenses  . . . . 119  6 1 
1,469  6 1 
Leaving  a balance  to  carry  forward 
to  next  account  of  . . £,'i(i2  2 I 
The  Company  was  incorporated  on  the  26th  October 
1895,  and  the  Prospectus  issued  on  the  30;h  of  that 
month,  when  tlio  applications  for  the  Share  and  De- 
benture  Capital  were  considerably  in  excess  of  the 
amount  offered  for  public  subscription. 
Since  the  Company  acquired  the  properties  from  Sir 
George  Pilkington,  a small  addition  of  about  20  acres 
has  been  purchased  from  Goverumont,  the  land  in 
question  adjoining  Udaheua  Estate,  and  the  tota 
