2 
THE TROPICAL AGRICULTURIST. 
[July i, 1891 
THE EASTERN PRODUCE AND ESTATES 
COMPANY, LIMITED. 
RflFoaT pioseated at tho Fourth Ordiiiar.> 
General ^Uairng, to bo held at Winchester Hou«e, 
Old Broad Street, at 12 o'clock hood, od the 30th 
April, 189]. 
The Directors herewith submit Report and Balance- 
sheet for the yuar’a workingf, ending Sist Deocmbor. 
1890. The protit for tlie year has amoauted to 
j622,i22 Is and, after providmg All, 749 138 
for payment of Interest en Debeolures and Preference 
Share divide^ad, carrying £2,800 4i Id to the RoKetvo 
Fund, to ooiaipleie tho required an oant of £10,000 
end setHng aj-ide X3,00O a« a Siukiiig Fund for 
retirement of Dobeutares io neoordauoe with the 
Company's Articles of Asauomtion, there remauia a 
balance of £4,572 4s. Id. to be carried forward. This 
result which has again been assisted by tho yield 
from the Ooffeo still remainiug on tho B'ttates, and by 
a satisfactory iucreaio iu the Company's Agency and 
OommUalou business, iudloatus a steady aouuul ralo 
of progress wbioh the Directors ventni’e to think 
oannot be otherwise than encouraging to tlie Share- 
holders. As shewn in the schedule annexed, there are 
9,266 acres of the Oompauv's K dates under tea 
cultivation, of which about 5,400 sre over feur years 
old. The yield of tea iu 18‘JO was 1,618,000 lb., the 
average gross price obtained, inclusive of purchased 
leaf, being approximately Hid. per lb. The crop for 
the current year is estimated at 1,7.10,000 lb. The 
Directors in the exorcise of their discrotiou have sold 
Oigraa Ella Kitate and a store near Colombo, and 
have purchased tho Kolapatua and Gougalla properties, 
The UqnidiUon of tho Ceylon Company Limited 
having been now Aually completed, the balance of 
amount retained by the LiquidaUTB to meet o; nt.ng- 
eiicies has been haudud over to the Company and 
carried, together with an amount released on aottlumeut 
of tlio Corbet aoit, to the ort^clit of Tho Kstates 
Keservo A c in the sum of £13,066 19s. 8i. 
Schedale of tho Company's estatos at 3lst December, 
1^90;— ArapoUkaudo, AsgerU' and Maddawella, Bulat- 
watte Ditto, Belgodde, Cdombo (Let on lo.<&se), 
Condogalla, DaudukoUwa, Doomhagastalnwa, Drorao. 
laud, Hopo. Inguru^ialla and Bercewells, Kirrimittla, 
Koladenio, Kolapatna and Gongalla, KumaradoU, 
Kolacloma, Kolapatna and Gonyallo, Kumarndold, 
Labookell c, Meddocoombrn, Montetiore, Norwood, 
Rothschild, Sinuegodde aud Bello Vue, Sogama, 
Vellai Oyu, AVovekellie, Woodslce. 
trader Ten 
8,698 
Aoros 
Tea (with some remain- 
ing Coffee) ... ... 
570 
— 
9,266 
(f 
Coffee 
160 
1) 
Cocoa 
624 
Oiuohona, Cardamoms 
and Sundries 
3S2 
Forest, Grass aud uncul- 
tivated Land 
7,382 
Total 17, Zd*] Acres. 
Balance Sheet, SIpt Decbmdeb 1890. 
Dr. 
Idabilitiee. £ e. d. 
To Capite.l 8(ock 
Nommal Capilal, GO, '500 Ordi- 
nary Shares, £5 each £;i03,000 
4,000 Preferred Shares, £5 each 20,000 
Ordinary Sharon, 59,6.38 al- 
lotted, at £5 ... 297 690 
Ordinary Shaves, 289 uu- 
claimed, at £5 ... ],445 
Prefenuil Shares, 763 issued, 
£1 per Share called up ... 753 
299,888 0 0 
„ 6 percent Debentures £195,200 0 0 
„ Debentures Interest M. 845 16 4 
193,046 15 4 
Estates ResecTo Account, liealizatious 
and Recoveilea 
„ Fire Xnguraiico Arcount ... 
„ Sundry Creditor Balances 
„ Bills payable 
,, Roservo Fund 
,, Profit and Lot-s A/c ... 
Proposed appivpriation 
Dividend on Ptefored 
Shares ••• 
Oomiilotion of £10,000 Kc- 
serre Fund ... 
Debenture Sinking Fund.. 
To be carried forward ... 
20, ♦‘20 18 10 
906 17 3 
10,386 6 7 
14,826 5 4 
7,199 15 8 
10,410 1 5 
£37 13 0 
2, SCO 4 4 
3,U00 0 0 
4,573 4 1 
£10,410 1 5 £500,283 0 4 
Or. 
Assets. 
By Amount reprcscntlug Landed and other 
Property acquired at lat January 1888, 
under agreement dated lOih Ootobf*-* 
1887 
„ Outlay on Tea extensiona and Acquiai, 
lion of land ... ••• 
„ Balance of outlay on 
Machinery & Build- 
ings at list Dec. 
1889 ... ... £4,592 In » 
Kxponded in 1890 ... 7,222 19 3 
430,117 4 0 
17 8 
£11,615 16 0 
Less amount writteu 
off for depreciation 
iu 1890 ... ... 1,877 1 8 
„ Produce on hand 
„ Advances against produce and supplies 
for Eitfttes 
,, Furaituro 
,, Sundry Debtors 
„ Loan on mortgiigo 
„ luvestmeuts ... 
„ Bills reoeivublo ... 
„ Cash ou Deposit and at Bankers 
9,938 14 4 
31..654 10 1 
11,958 5 3 
77 15 11 
13,799 10 0 
9,U0 0 0 
8,482 10 11 
301 0 3 
19,533 6 a 
Dr 
_ «.iOoU,*ol V 
Profit and Loss Account, for Year ended 
3l6T December 1S90. 
To Produce on hand, Ist January, 1890 ... 
,, J-xpendlturo j— 
Upkeep of Estates, including oost of 
purchased Toa leaf and alluwaace 
for depreciaiiou on maobinery and 
buIltliDgs 
Salaries, Office expenses, aud Genorai 
charges ij» London and Ceylon, in- 
cluding Directors aud Managing 
Director’s and Auditor’s romuiie- 
ration and lucomeTax 
,, Interest on Debeuturte ... 
„ Balance 
£ s. d 
27,377 1 1 9 
85,450 6 11 
6,306 0 7 
11,712 0 0 
10,410 1 6 
£121,256 0 8 
By Balance, .3Ut December, 1889:— 
Divitlend ou I’roferrcd £ « 
Shares ,, 3 y jjj * 
Balance te Reserve Fund 6,761 y 
£ 8. d. 
6,801 14 10 
6,801 14 10 
By income j— 
Proceeds of Produce sold and bouuli 
to account at 3Ut December M 
and profits from Agency businesi 
interest, &e. 
EsUmaced value of Produce on hand a 
dist Dofember 1690 ... 
89,701 10 7 
31,854 10 1 
£131,066 08 
* 
rROPOSED “COENEE” IN TEA. 
Mr. Ehvood Muy, oue of the Directors of the 
Deylon American Tos Company of Now York, has 
cal/ed upon niauy of the firms iutoresfced in toa pro- 
auction, with the view of propounding his scheme for 
