7o8 THE TROPIOAL AQRIOULTURIST [Apkh i. 1892. 
‘luotations of standard grades of Japan and Formosa 
Oolong tea ; 
■Tapau 
med.and fine. 
Formosa, 
Buperior. 
1891— 
Cents. 
Cl uts. 
January 
14 at ?0 
20 at 27 
February 
14 at 20 
26 at 27 
March 
14 at 19 
25 at 20 
April 
. 14 at 19 
23 at 24 
May . 
14 at 19 
23 at 24 
June 
, Ifl at 22 
22 at 23 
July 
16 at 21 
22 at 23 
August 
. 14 at 20 
23 at 23 
Now crop. 
September 
. 15 at 20 
24 at 26 
October 
13 at 20 
23 at 25 
November 
13 at 20 
22 at 24 
Deoember 
13 at 20 
22 at 24 
Average, 1891 . . 
14 at 20 
at 24S 
Average, 1890 ... 
lot at 203 
23 at 26 
Average, 1889 .. 
13i at 19 
2U at 23 1-6 
At the close of 
18tK) the tea market was unsettled 
and weak, attributed to auction-room sales, cheap silver 
and dear money. In .January Formosa Oolongs im- 
proved in price — fully 3 at I cents higher for invoices j 
Amoys 2 cents for fair to good ; Foocnows, 2 at 3 cents. 
In February and Maccdi a weak tone prevailed. 
Pingsuey improved in April, while weakness character- 
ized the trade In Oolongs. In Juno now crop Japans 
arrived via Pacific coast. Extra tine teas by first 
steamer sold at 31 at 12 cents for choice to extra 
choicest. In July .lapans were weak and declining; 
greens steady ; Formosa pressed for sale. New crop 
arrived and was sold at an average of nearly 27 cents 
for good to superior, being 20 per cent above coat of 
old crop of like grado. Toward the close of August 
old crop Formosa was reduced to a small supply. In 
September free receipts of new crop Formosa sold on a 
basis of 21 at 2.5 cents for superior. Now crop country 
greens sold at 19 J cents for fine Foochow; fine to finest 
Moyuno, 231 at 23 cents. In October there was a 
decline in Formosos, due to free offerings. During 
November and December there was a steady market. 
DUNKELD ESTATE COMPANY, LIMITED. 
The first annual ordinary general meeting of the 
Shareho’ders, of this company was held in Co- 
lombo at 2 p.m. yesterday, when the following reroit 
by the Direetors was submitted and adopted ; 
The Directors have pleasure in submitting to tho 
Shareholders the accounts of tbo Company for the 
eight months ending 31st December, 1H91. 
The total Tea crop was 89,435 lb., which realised 
R41,5f}0'84 (against an estimated yield of 80,000 lb. to 
realize 1140,000,) equal to an average net prioe of IBJ 
cents per lb. ; whilst the expenditure on the Estate, 
including transport to Colombo, was 27i cents per lb. 
After transferring Bl.lfilVfiti to a special fund to 
provide for depreciation of buildings luid machinery 
and writing off the preliminary expenses incidental 
to the formation oi the Company, tho not profit 
available for dividend is R11,930-2J, equal to 12J 
per cent, per annum on tho paid up capital of the 
Company. The Directors propose that a dividend for 
tho eight months of 8 per cent., absorbing R1 1,200. 
bo declared and made payable on the 15th February, 
and that the balance of R7.30'24 bo carried forward, 
which they trust wiU meet tho approval of Shareholders. 
Since the purchase of the Estate conaiderablo nd- 
ditions to the buildings and nmchiiiory have been 
made, and stops are being taken to improvo and 
extend the withering accoiumodation. When those 
arrangements have been completed it is expected that 
the Factory will be fully capable of meeting the re- 
quirements of the estate for some years to come. 
About 40 acres of reserve land have boon successfully 
planted in tea during tho eight months, and about 
8 acres more will be planted this year, when tlie 
total cultivated acrage will ho 382 acres. 
The Tea crop in 1892 is estimated at 150, (XKl lb., 
to cost, laid down In Colombo, R38,fi25, equal tq 25^ 
vents pgr lb. The e.xpenditui'o on capital account to 
complete the Factory and for new clearings is esti- 
mated at RH.OOO, but of this R2,000 may not bo 
required niitil 1893. 
Ill terms of the Articles of Assooiation all tho 
Directors now retire, hut, being eligible, offer them- 
selves for re-election. 
The appointment of an Auditor for the current 
year will rest with tho meeting. 
By order of tho Directors, 
G. W. Caulyon, 
„ . , Secretary. 
Colombo, 29th January. 1892. 
^ 
THE GLASGOW ESTATE CO., LIMITED. 
The iollowiDg is the report of the Direotors 
presented at the tiret aonnal ordinary general meet* 
ing of the ehnreholdere, held Ht 4 p.m. yesterday 
The Directors having decided to make the finan* 
cial year of tho Company run from Int January to 
3l8t December, accounts have been made up for tho 
two months ending Slat December last, and ore 
now presented to the shai'eholders. 
Tho produce obtained in this period has realized 
good prices, the average for 1,3,436 lb. lea being 
over 61 cents per lb., and for liaj bnshols coffee over 
R14'.50 per bushel. The result of tho two months' 
working is a net profit of RH, 217-83, after placing 
R316-6l> to a fund to provide for depreciation of build- 
ings and machinery and writing oil the expenses of 
forming tho Company. 
This profit would Mmit of a dividend at the rate of 
8 per cent, per annum ; but ns the profits from Coffee 
were obtained to a great extent from expenditure 
incurred before the Company took over tho estate, 
the Directors propose that a dividend of I j per cent, 
only bo declared (neing at tho rate of 9 per cent, per 
annum,) and that 111,800 be placed to the credit of an 
extension fund, leaving R 1,417-83 to be carried forward 
to the next account. 
To meet tho -ncias iig requirements of the e.tsto 
extiiisions t* the Facory &iiu additions to msoliinery 
and to line aorommodAtion are necessary. The sum 
of 116,108 has b «u estimstoJ for under these beads 
in the present year. 
Arrsugemetils hnvo been made to pUnt this year 
with Te. 40 acres i f land now under coff.e, the cost of 
which is esriniated at R',885. 
The 0 timate of expenditure on working aceonnt 
in 1892 is R32, 789-30 against 82-000 lb. Tea, 1,300 
bushels Coffee, aud 12,000 lb. Cinchona Bark. It|will 
be nndersto d that no reliable estimate of the Coffee 
Crop can be made so early in the year, and that 
the real Zstinn of the estimate depends greatly on 
weather and other oircnmstai ces ; whilst in harvesting 
Omohuna Birk the Direotors will he guide! by tbo state 
o( t e market. 
In terms of the Articles of Associatiou tho present 
Oireo’ors now retire from ollioe, but, being eligible 
offer tbemscivea for re-elec ion 
The appointment of an Auditor for the curroot year 
will rest with the meeting. ^ 
By order of tho Direotors, 
G, W. Carlyon, 
Colombo, 29th Jan. 1802. 
Secretary. 
The richness in the resinous active prinoiple of 
the jalap tubers oultivated on the Dodabetta plan. 
tations compared with those obtained from Mexico 
’u ®a!-i it is surprising although 
the Nilgiris are eminently adapted for the cultiva- 
tion of jalap that no private planters have taken 
up the propagation of a drug which would lead 
to a profitable industry. The Ipecaouhaua root 
too is growing well in the VVynaad. Mr, Hooper 
some time ago analysed a sample from a plant 
only two years old and found it to contain as 
muoh emetine as if found in the commercial drug. 
—A', of /. Obterver, Jan. Kith. 
