$36 
THE TROPICAL AGRICULTURIST. 
[June i, 1892. 
yen. Still, the Botrd ooneider the Pro6t and Lose 
AeeeuDl • eatisfiotory one, eapeoially in view of the 
Mveage in (nllj bearing being etill ao email, the pro- 
daelion being over 4^3 lb. to the acre, the large 
? [uantiiy of tea made eomewbat compeneating for the 
ow prioes obtained. 
Daring the past year the Direotore have acquired 
two bloeks of native land, referred to in former re- 
port!, amonnting to dS aoa., l-rd. 28-pe., of wbiob 
30 aorea have been cleared and planted with tea. 
The Company’! | aoreage now conaiati of the fol- 
lowing 
Under tea in full bearing 
1887 Clearing 
1888 
1888 „ 
1890 
1891 „ 
Aoreage under tea 
Graaa 
Jungle 
Ib all 
Thle aoreage inoludee Dover. 
The estimate of tea crop for 1891 was 216.700 lb., 
and the quantity deopatcbed from eatate 263,497 lb., 
sbowtng an exoeaa over estimate of 46,797 lb. 
During the year 30| seres have been cleared and 
planted with tea, and tne proapeota from this addition 
are very favourable. 
It will be seen that a farther substantial sum baa 
been expended on our factory and machinery, and 
for dam, Ac, Some farther small additions will be 
required to the machinery in 1892, but practically, 
our capital expenditure under this bead baa ceased 
for the present. 
The whole of the last issue of 307 shares, at £1 
S reminm, has been allotted, and the Directors think 
a suitable opportunity to commence a Reserve 
Fund, and propose to appropriate the prsmiums on 
these, and on a former allotment of shares to that 
f iurpose. The amount of £954 lOs is already invested 
n Consols in the names of the Chairman and Secretary. 
The net profits shown in the Company’s Profit and 
Xioss Account, including balance brought forward, 
are £1,688 6 9 
which it is proposed to apportion 
as follows: — 
An interim dividend at 
2k per cent paid in Oct. 
1891, absorbed , , . . £249 15 0 
It is now proposed to 
pay a final dividend of 
T| par, free of 
In come Tax (making 
10 per cent for the year) 
absorbing 755 11 0 
And to piece to Re- 
serve Fund, as explained 
above , , , ■ • • 054 10 0 
1,659 16 0 
Leaving a baUnce to 
carry forward of . . £28 10 9 
Baukob Bhbki at 81bt Deobmbbr 1891. 
Dr. 
To Capital Authorised : — £ s. d. £ s. d. 
9,000 shares of £10 each 20,000 0 0 
„ Capital Issnsd 
iis fully paid Vendors 
Shuras ... 
1,350 Sbares £6 paid ... 
397 do £3 do ... 
„ Bsbanturas Issued to date 
••A”SsrlBi ... [4.960 0 0 
MB’* do asa ap600 0 0 
*• 0 *• do ssa lp700 0 0 
2p630 0 0 
6,760 0 0 
794 0 0 
10,074 0 0 
8,450 0 0 
,p Bills Payable #• 
,, Sundry Creditors a.. 
„ Profit and Loss Account- 
Balance at Slst Decom* 
ber 1800 as. 
Less Dividond at 5 pe 
cent ... 
3,760 0 0 
260 6 7 
646 0 3 
464 0 0 
162 0 3 
Net Profit^ ffor 
year to Slst 
beoemb6rl89]» 
includlDg £397 
rea’dired for 
Premim oo 
Sbares £1,600 6 6 
Less Intetium 
Dividend at 2^ 
per cent 249 16 0 
1,356 11 6 
Cr. 
By Dcgalcasa Estate £ a. d. 
Balance from last Ac- 
count ... 12,930 6 6 
Cost of Land Purchased 93 18 1 
Ezpeoditure devolopiog 
uew Clearings ... 370 16 10 
1,438 11 9 
£23,962 18 4 
£ s. d. 
Less proportion of Bx- 
cbaugo Account 
transferred ... 
13,396 1 6 
899 1 6 
12 ,^ 
,, Dover Estate- 
Purchase Price ... 2,000 0 0 
Cost of |-acre adjoin- 
isg Land purchased 2 8 2 
„ Buildings and Machinery 
Balance from last Ao> 
count ... 4,345 6 0 
Amount expended 
during year ... 1,026 8 8 
0 0 
2,002 3 9 
6,371 14 8 
Less proportion of Ex- 
change Account 
transferred ... 61 18 6 
Coast Advances 
Produce Shipnsentg — 
Balance of 1891 Season’s 
Toa realized after 
3Lt De ember 
Sundry Debtors 
Investnaents 
OaBh— On Deposit ... 600 0 0 
At Bankers ... 334 7 11 
Id Office ... 10 7 
6,319 16 3 
766 19 8 
Dbobmber 1891. 
To Cost of Cultivation ^and Manufacture of 
Tea ... ... 
„ Balance, gross profit, ^carried down ... 
By Net Proceeds of Tea Sold 
,, Profit on Bice, supplied to Coolies 
,, Sundry Receipts in Ceylon, Manufactur- 
ing Tea for others, &o. 
„ Difference in Exchange ... 
1,235 
12 
6 
163 
8 
4 
654 
10 
0 
836 
8 
6 
£73,962 
18 
4 
31bt 
£6,084 
6 
8 
1,992 
8 
3 
£8,076 
8 
11 
£7,371 
11 
11 
113 
2 
6 
630 
0 
18 
61 
13 
0 
£8,076 8 11 
Pbofit 4ND Loss ACCOUNT TO SlsT Deobubbr 1891; 
To General Chages includinir London Office 
Expenses, Directors^ Fees, Auditors 
Fees, Income Tax. Stationery, Ac. ... 361 6 3 
„ Interest on Debentures ... 461 14 0 
„ Interest Account ... ... 66 6 6 
„ Telegrams .. ... 13 19 0 
,, Balance, carrried to Balance.Sbeet ... 1,606 6 6 
By Balance fsom Estate Account 
g. Sundry Receipts, premium on Shares 
£2,389 3 3 
£1,992 3 8 
397 0 0 
£2,389 3 3 
