for LMSL stake accused of smuggling
Oil Co., one of the five parties short-listed to bid for the 90% stake
of Lanka Marine Services Ltd. (LMSL) has been accused of smuggling
Iraqi oil. This allegation was made by the US Navy recently.
the Sharjah-based bunker and fuel oil trader has denied the charges.
It has also informed clients that the accusations are false. The
Sunday Leader understands
that the company has appointed legal counsel in London and the U.S. to
seek clarifications and a public apology from the American Navy.
this month, Commander of the US Navy's 5th fleet, Vice Admiral Timothy
Keating claimed in Baharain that ten firms based in the Persian Gulf
were smugglers and their associates. Fal Oil Co. was among the
was the first time that firms allegedly involved in the smuggling of
Iraqi oil were named by the American Navy. An official at the US
Navy's 5th fleet base in Baharain is reported to have said they would
not be naming these companies if they lacked sufficient evidence.
other nine companies which were accused are Blue Sky Shipping, Al-Mujtaba
Co., Akron Trade and Transport, Ajilan Export and Import, Bakhit
Mohammed General Trading, Energy Resources, Golden Sail General
Trading, MK International and Gasoline Trading.
Oil was among the 17 parties that had submitted expressions of
interest for the privatisation of LMSL conducted by the Public
Enterprise Reform Commission (PERC). LMSL, which is a subsidiary of
the Ceylon Petroleum Corporation, is the monopoly supplier of bunkers
in the island.
local and foreign companies submitted expressions of interest, either
individually or through partnerships. They included Shell Company,
Maritime Holdings Ltd. with Fal Oil Company, Ceylinco Consolidated
with Petronas, Pioneer Bunker Services, Caltex Ceylon Ltd. with John
Keells Holdings, Master Divers (Pvt) Ltd. with Bakri International
Energy Co., Aitken Spence and Co. with McLarens Holdings Ltd.,
Scandinavian Bunkering AS, Sri Lanka Shipping Co. with Chemoil
Corporation, Indian Oil Tanking with DPMC Financial Services Ltd.,
Singha Holdings, Senok Trade Combine Ltd., Singapore Petroleum Company
Ltd., Mohar Shipping Corporation, Westfarmers Ltd, Australia/I-Ron
Holdings, Fima Bulking Services Bhd with BITCO and Lanka Transformers
Ltd./Van Ommeron Tank Terminal Bangladesh Ltd./Summit United Tanks
Terminal Ltd./ Fuji Power and Petroleum Ltd.
five short listed bidders include Maritime Holdings Ltd. with Fal Oil
Co., John Keells Holdings, Pioneer Bunker Services, Master Divers
Limited with Bakri International Energy Co., and Lanka Transformers
Ltd./ Van Ommeran Tank Terminal Bangladesh Ltd./ Summit United Tanks
Terminal Ltd/ Fuji Power and Petroleum Ltd.
90% stake of LMSL will be offered at the Colombo Stock Exchange
shortly, at the floor price of Rs. 1200 million.
has decided to conduct the sale on an 'all or none basis.'
has performed well since recent times. Its annual turnover is as high
as Rs. 3000 million and has bunkering storage capacity of about 30,000
tons. The company has great potential, and a few years ago achieved a
profit before tax amounting to almost Rs. 500 million.
Cement Ltd. commences operations
Cement Ltd., which was shut down in 1996 due to the north-east
conflict, recently commenced production once again on a small scale.
factory at Kankesanthurai that provided direct and indirect employment
to nearly 1500 people is 96% owned by the Sri Lanka Cement Corporation
and 4% of public funds.
to Anil Koswatte, the company will only pack cement for the time
main advantage of the factory being situated in Kankesanthurai is that
94% of the raw materials can be found in the area. Even though the
company commenced operations in 1983 and was not in operation for a
couple of years some of the equipment at the plant can be still used.
"However, if we are to go in to mass-scale production we will
need more funding," Koswatte said.
the first batch of production was donated to four places of worship in
the area, Koswatte says they are expecting loans from the Asian
Development Bank (ADB), the European Union (EU) and other foreign
missions to bring the factory back to its full capacity.
on good governance
Management Club (TMC), formed in February this year under the auspices
of the Chartered Management Institute, UK, had their first evening
presentation recently when they organised a programme on 'Good
Governance and Credible Leadership' at the Galle Face Hotel.
Resident Representative of IMF in Sri Lanka, Dr. Nadeem Ul Haque was
the keynote speaker at this event, which was organised by the
Management and Social Accountability Committee of the TMC.
Haque in his presentation indicated that market forces will finally
decide on the failure or success of an organisation and that the
corporate sector should learn from research and realise that
regulations alone cannot eliminate risks.
Pricewater-house Coopers, Sujeewa Mudalige presenting the Enron saga
described how a company with a magnitude of more than 3500
subsidiaries and picked by the Fortune
magazine as the most innovative company for six consecutive
years, collapsed as a result of bad accounting policies.
programme which drew a distinguished gathering of over 100
participants was concluded with a very interactive and interesting
panel discussion moderated by former President of Institute of
Chartered Accountants, Ranel Wijesinghe with the participation of
attorney at law and partner of Nithya Partners, Aritha Wickremanayake
and Chairman, Ceylon Chamber of Commerce, Chandra Jayaratne.
would have their next evening presentation on Friday, July 12, at the
same venue on the theme 'Changing the Mindset of an Organisation to
become Worldclass in their Industry.'
to add Airbus A320 to fleet
Airlines will add an Airbus A320 to its fleet of eight Airbus aircraft
in July 2002.
airline currently has four A340s, three A330s and one A320.
additional A320 has been obtained on a lease till 31st March 2008 from
Orix Aviation Systems Limited of Ireland. The aircraft has a
configuration of 12 business and 138 economy class seats.
additional A320 will be used for regional services that SriLankan is
introducing to Bangalore in South India, on July 15th, 2002. The
airline is also resuming a fifth weekly service to Trichy which was
suspended last year and Bodh Gaya (also in India) will be a new
destination in winter 2002. Both these routes too will be operated by
airline will also resume services to Frankfurt in Germany in winter
SriLankan's CEO Peter Hill: "We are back to growing our business
again. Visitors from overseas are on the increase, many at present are
Sri Lankans resident abroad. However, there are encouraging signs in
the tourism sector as well. Much of this increased confidence in Sri
Lanka can be attributed to the current peace initiatives."
the addition of Bangalore, Bodh Gaya and Frankfurt, the airline will
have a route network of 31 destinations in 20 countries across Europe,
the Middle East, South and South East Asia and the Far East.
joins hands with Bank of Ceylon
Lanka Telecom (SLT), the country's telecommunication giant joined
hands with Bank of Ceylon (BOC) recently to implement its direct debit
telephone bill payment scheme.
the inception of Sri Lanka Inter-bank Payment System (SLIP) introduced
by the Central Bank of Sri Lanka in 1993, SLT was the first and only
utility company so far that made available this facility to its
customers by a direct debit payment scheme on SLIP.
agreement was signed between SLT and BOC at a ceremony held at the
Bank of Ceylon head office. "Our aim is to offer more value to
our customers. The direct debit scheme will gradually remove the
hassle of paying telephone bills by going to service outlets in
person. That will be a great value addition to our customers,"
said CEO, SLT, Shuhei Anan.
the national telecom operator, we decided to tie up with Bank of
Ceylon because we were confident that our customers' will get the
best," he added.
Manager, BOC, Sarath de Silva said that BOC was proud to be a partner
of this endeavour. "This partnership will be an ideal marriage
since BOC being the national flag carrier bank and SLT being the same,
that of telecommunications. The scheme will simplify busy schedules of
customers of both BOC and SLT," de Silva added.
direct debit telephone bill payment scheme will facilitate SLT
customers to pay their telephone bill through their banks. What they
simply have to do is to advice the bank to honour the request made by
SLT through BOC for the monthly telephone bill through an application.
the customer consents to the scheme, the monthly
charge will be deducted from the customer's account.
will send the customer a receipt acknowledging each transaction which
again will be indicated in the bank statement the customer receives
from his/her bank as a charge for SLT. Initially this scheme will be
available only for Bank of Ceylon current account holders of all its
350 branches spread out across the island and will be expanded to
other banks also very soon.
the direct debit telephone bill payment scheme, SLT customers do not
have to visit any SLT service outlet to pay their telephone bills.
They will simply have to advice their bank to pay the bill,"
emphasised Customer Service Director, SLT, Christie Alwis.
world sees a large scale convergence in every aspect of life. Our
direct telephone bill payment scheme will support it. This again is a
wonderful team effort with both sides contributing tirelessly to
achieve a difficult task," Alwis said.
Bank launches db-recon
Bank recently launched its new receivables matching solution for the
Asian region, db-recon.
state-of-the-art product, which was demonstrated for the first time in
Singapore at the annual Eurofinance Conference, allows integrated
outsourcing for receivables and provides automated reconciliation of
invoices with payments received by customers.
will enable customers to outsource the administrative task of
reconciliation to Deutsche Bank.
automated solution will result in a soft copy of the reconciled and
non-reconciled payments to be provided to clients daily.
service will also expand on Deutsche Bank's end-to-end approach
towards cash management solutions, geared to meet corporate customers'
needs to streamline payment workflow and processes.
follows on the heels of the successful launch of our other integrated
payment outsourcing solutions in Asia, offering seamless integration
to our customers' accounting systems through the host-to-host customer
access platform, db-worldPAS," said Asia Pacific Head, Deutsche
Bank's Global Cash Management for Corporates, Jimmy Yap.
Bank's continued focus on our clients' expectations has allowed us to
develop products tailored to address the unique challenges of the Asia
Pacific marketplace," he added.
conjunction with this launch, Regional Head, Product Management for
Deutsche Bank's Global Cash Management, Tay Kok Keong discussed the
challenges confronting corporate treasurers in the Asia Pacific region
at the conference.
Bank opens branch
Bank opened its first branch at
42 Navam Mawatha on June 12, next door to its sister company, the
National Development Bank. The branch was declared open by NDB Bank's
Chairman, S.L. Wickremesinghe, at a simple ceremony. NDB's
Director/General Manager, Nihal Welikala, NDB Bank's CEO, Eran
Wickramaratne, and the senior management of both banks also
participated in the opening.
Bank began operations in October last year, with its acquisition of
the Sri Lankan branch of ABN AMRO bank. The new entity inherited ABN's
customer base of private sector corporates and high net-worth
individuals, its experienced and customer focused team of bankers, and
well established banking policies and practices. Backed by the
strength of the NDB's balance sheet, the new bank is well equipped to
become an important player in Sri Lanka's commercial banking sector.
are committed to investing in new technology and multiple delivery
channels to build up the infrastructure we need to provide its
customers with the best service levels. The Navam Mawatha branch is
the first of several
branches the bank intends to open during the course of this year.
These branches will be complemented by ATMs and phone banking
and, in the future, internet banking facilities as well," said
CEO, NDB Bank, Eran Wickramaratne.
of the new branch, Ganga Wanigaratne, is a very experienced banker,
who counted 16 years of service with the ABN AMRO bank prior to
joining NDB Bank. The Navam Mawatha branch will offer customers a full
range of commercial banking products and services, including current
and savings accounts, foreign currency accounts, fixed deposits,
foreign and local remittances, pay orders, drafts, issue and
encasement of traveller's cheques and foreign currency, certificates
of deposit, treasury bills, trade finance, ATM services, and
processing of applications for services such as touch-banking by
phone. The branch will be fully networked with the head office, so
transactions will be updated on-line and in real time.
location of the branch will make it especially useful to customers of
the National Development Bank, and to people working in the office
complexes that make up the Navam Mawatha business area.
of the new commercial bank will have the added advantage of access to
the products and services available through the NDB group, which
include long term project finance, insurance, leasing, investment
banking and venture capital.
annual general meeting
Association of Chartered Certified Accountants annual general meeting
was held on the June 21 at the Jaic Hilton.
from left to right are Suganthini Kumarasamy, Educational Officer,
Dilshan Rodrigo, Ashani Kiridena, Secretary, Ajith Tudawe, President,
T.L. Raj, Treasurer, V. Kandasamy, Public Relations Officer,
Shiyamalee Karunanayake and U.H. Palihakkara.
Association of Chartered Certified Accountants (ACCA) is the largest,
fastest growing international professional accountancy body in the
world with nearly 300,000 members and students in 160 countries.
2002 in September
INTRAD 2002 Export Exhibition & Investor Forum to be held from
September 4 to 6 at the BMICH is expected to be the biggest event of
its kind held so far in Sri Lanka.
event, organised by the National Chamber of Commerce, has been
endorsed by several relevant ministries and state institutions. It
will attract a large number of foreign buyers as well as investors.
of the National Chamber of Commerce, Chandra Embuldeniya, expects a
good response from participants due to the improved business
environment arising from the ceasefire and peace process.
noted that the exhibition will consist of 150-200 stalls, including
those taken by local exporters as well as foreign providers of
export-oriented technology. "This exhibition is being organised
as a window of our export capabilities," he stated.
INTRAD 2002 exhibition will bring under one roof the island's premier
export products and supporting services.
sectors have been identified and a product profile of each of the
sectors is displayed in the INTRAD 2002 web site (www.nationalchamber.lk.org/INTRAD
2002). These include apparel and textiles, ayurvedic/herbal/health
& beauty care products, ceramics & porcelain, coconut based
products, cut flowers and foliage, furniture & wood products, gems
& jewellery, handicraft/toys and gift items, leather & leather
products, ornamental fish, rubber products spices and essential oils,
tea, as well as machinery/technology service industries that support
the above sectors.
will include both BOI and non-BOI manufacturers and exhibitors.
said this year's event will be the sixth INTRAD exhibition, and that
past events were held when a very poor business climate prevailed. He
believe that much greater participation from overseas is imperative.
time we are totally export-oriented," he added.
to the exhibition is free of charge, but prior registration is
necessary to quality for the special tour package and one-to-one
meeting with exporters.
INTRAD 2002 investor forum will run concurrently to the exhibition,
and will cover investment opportunities in tourism, infrastructure
development and information and communication technology.
team of experts in these fields will act as resource persons.
sources stated that Sri Lanka is the most liberalised country in the
South Asian region, offering many attractive benefits to promote
international investment. The island also has a highly skilled and
added, "Sri Lanka is a signatory to several preferential trading
agreements with neighbouring countries. The free trade Agreement with
India gives a clear advantage for goods produced in Sri Lanka to enter
the vast Indian market. A similar agreement will be signed with
Pakistan in September 2002. Talks are also in progress to establish a
FTA with the United States, Sri Lanka being a signatory to several ILO
conventions adapts very high social conditions for its workforce. It
is mandatory for Sri Lanka's industries to be environment
to Embuldeniya, foreign exhibitors, buyers and investors are offered
an attractive package comprising discounted airfare, hotel
accommodation and selected tours to several exotic destinations in Sri
also said that the Ministry of Foreign Affairs has called upon all our
missions abroad to promote the event.
INTRAD 2002 Export Exhibition & Investor Forum is endorsed by the
Ministry of Tourism, Ministry of Enterprise Development, Industrial
Policy and Investment Promotion, Ministry of Foreign Affairs, Ministry
of Commerce and Consumer Affairs, Ministry of Industries, Export
Development Board, Board of Investment, Sri Lanka Tourist Board, Sri
Lanka Tea Board and Department of Commerce.
2002 is expected to receive wide international publicity due to the
involvements of these key ministries and state institutions.
chamber with its vast international connections will invite foreign
trade chambers to send delegations to visit the exhibition and
participate in the investor forum.
Bank recently announced that it has selected System Access' flagship
product netSYMBOLS to upgrade its computer system and implement a core
utilising netSYMBOLS, DFCC Bank aims to raise the level of customer
service to its growing customer base while expanding its scope of
bank will be implementing netSYMBOLS Loan Origination, Commercial
Lending, Deposit, Treasury and Knowledge Manager modules.
bank whilst expanding its operations in commercial lending, corporate
finance and capital markets plans to leverage its valuable customer
base by offering new products and services. netSYMBOLS has the
flexibility to facilitate product development to satisfy needs of our
customers and implement an integrated suit of business application
systems that can evolve to meet the changing business needs of the
bank," says Senior Vice President (IT), DFCC Bank, Sidath
also added "The flexibility of netSYMBOLS to accommodate the
existing loan portfolio together with its differentiated features and
the ability to deploy and interface seamlessly to Oracle based
products were critical prerequisites for the selection of the
are delighted to be chosen by DFCC to support their banking functions.
The bank carried out an extensive evaluation exercise, looking at
every aspect of technology and functionality and netSYMBOLS proved to
be well equipped for the task.
Access will be providing training to the staff of DFCC on its
development methodology and enabling the in-house team in the
implementation process," commented Director, Business
Development, System Access, Alex Ly.
will conduct the project management for this implementation.
Headquartered both in Bangalore and California, MphasiS has a very
strong presence in the banking/financial sector and is assessed by
KPMG at SEI level 5 and ISO 9001.
office opens in Jaffna
Cargo (Pvt) Ltd, who represent Europe's leading express, mail and
logistics company, TNT International Express, became the first
international air express company to open it's own office in the
Jaffna peninsula on June 19. The Jaffna community will now have access
to the most comprehensive range of air express and mail products in
the industry at their doorstep enabling them to send and receive
consignments through TNT International Express to and from any part of
the world. Pictured are
Director, Aitken Spence Travels, Sasi Ganesan, President, Jaffna
Chamber of Commerce, R. Jeyasegaran (Chief Guest), Managing Director,
Ace Cargo (Pvt) Ltd, agents for TNT International Express, Rohantha
Peiris and Director, Ace Cargo (Pvt) Ltd, and Country Manager, TNT
International Express, Mohan Perera.
unveils new corporate strategy
Lanka (Pvt) Ltd, recently communicated their new corporate strategy at
a press conference held on June 20, at the Jaic Hilton. The change in
strategy and how it would affect the public and their existing
customers in the future was the main focus of the discussion.
company is one of the longest established software companies in Asia,
with over 22 years of software development and implementation
experience in the region. Their customers include blue chips such as
Metropolitan Group (Sri Lanka), Abans Group (Sri Lanka), Hemas Group
of Companies (Sri Lanka), F & N Coca Cola (Singapore), Kodak
(USA), Mother Care (Thailand) and Whirlpool (India).
change in corporate strategy has been devised not just to withstand
but to thrive in an increasingly competitive global IT arena where new
IT firms emerge and vanish with alarming frequency while customers are
demanding better and faster support and after sales services.
iOM covers a wide range of industries and business solutions including
leading financial and distribution systems, human resource systems,
plant maintenance systems, balance score card, executive information
system and retail management system. With the change in corporate
strategy they will be realigning their concentration towards their
retail management system, Retailigence and their human resource
system, HR Pro.
is a retail management system designed to address a wide spectrum of
retail industries and has specific features and functions to meet the
food, general merchandise, electronic, footwear, fashion and
Pro is an integrated internet enabled suite of human resource planning
and management applications supported by an extremely flexible and
comprehensive HR administration system. FAMAS HR Pro enables an
organisation to gain a competitive advantage by aligning the workforce
to suit the business needs of the company.
are General Manager, iOM Lanka, Jitendra Daulagala, Sales and
Marketing Manager, Anushika Wickramage and Managing Director, Zulficar
and hSenid agreement
Assurance (UAL) entered into a human resource management system
agreement with hSenid, a software development company specialising in
HRD software. The system will enable UAL staff to have access to HRD
associated information on-line with the touch of a button. UAL staff
will soon view their performance appraisals and even apply for leave
of absence on-line. "We are a people-centric organisation and as
such, are constantly improving our work processes to provide our
employees with streamlined services that will motivate them to work
with passion on the job. I am confident that our investment with
hSenid will provide substantial returns over the years," declared
CEO, UAL, Sarath Wikramanayake.
agreement was signed by Wikramanayake and CEO, hSenid, Dinesh
Saparamadu. "We are happy that UAL chose hSenid for their human
resource management system and feel strongly that this will benefit
them in increasing efficiency and productivity in the whole
organisation," stated Saparamadu. hSenid is a software company
specialising in developing HR management systems, ERP Solutions and
eCommerce applications with an impressive
client portfolio that includes several other blue chip
acquires controlling interest in ICO
Products Limited (DPL) has announced the acquisition of a controlling
interest in ICO Guanti Spa of Genoa, Italy, its largest distributor in
Europe, in a move that will see this world-class glove manufacturer
taking a position up the value chain in the distribution of its
acquisition valued at US $ 855,000 (about Rs. 81 million) funded
entirely from the company's export earnings, would result in Dipped
Products owning 55 percent of ICO, which holds several brands widely
accepted in Italy and in neighbouring countries like Switzerland and
France, the company said.
an announcement to the Colombo Stock Exchange and to the company's
shareholders at the DPL annual general meeting on Wednesday, June 26,
the company said the acquisition would significantly complement its
recent investment in a medical examination gloves plant in Thailand,
because ICO presently purchases on its own account, about 350 million
medical examination gloves for distribution in Italy.
Guanti was established in 1968 and has been closely associated with
Dipped Products for more than 22 years. The company presently accounts
for about 15 percent of DPL sales, and has a turnover of US $ 10
on the acquisition, a spokesman for Dipped Products said, "This
will enable DPL to become vigorously involved in the rapidly changing
markets of Europe. All our major competitors operate their global
marketing offices, and this investment in ICO Guanti will provide us
with a unique opportunity to take a downstream position in marketing
our gloves in Europe."
believe an investment of US $ 855,000 to acquire a controlling
interest in a company that has market share of US $ 10 million in
Western Europe is cheap at the price offered. Our gross margins alone
on sales to this company are in excess of this amount."
in 1976 as a division of the Hayleys Group, Dipped Products pioneered
the manufacture of latex gloves for export in Sri Lanka. A public
listed company with assets of Rs. 3.8 billion and a turnover of Rs. 3
billion, Dipped Products is today the fourth largest non-medical glove
manufacturer in the world. The company recently made an initial
investment of Rs. 70 million is a US $ 7 million (Rs. 660 million)
manufacturing facility in Thailand in order to diversify into the
manufacture of medical examination gloves.
Bank introduces Seylan Shakthi
Bank has introduced the Seylan Shakthi fixed deposit scheme with the
intention of reducing the utility bills of consumers.
four year fixed deposit, while increasing customer's monthly income,
will also take a burden off their shoulders when it comes to paying
bills at the end of the month.
a minimum deposit of Rs. 100,000 the customer is free to withdraw
interest monthly, annually or at maturity. Once the customer has
invested the required sum, 1% of the deposit value will be given to
the account holder in the form of a utility voucher during the first
are targeting the retired and self employed people and lottery
winners. However, the Seylan Shakthi fixed deposit scheme has become
very popular among many people who invest in a monthly income, as the
long term deposit interest rate for that customer remains the
same," said Brand Manager, Fixed Deposits, Kamini Fernando.
Seylan Shakthi fixed deposit scheme was first introduced in 2000 and
has become a large deposit base and is popular among housewives.
had a tremendous response at the initial introduction of this scheme
and are also the first bank to introduce such a fixed deposit in the
market," Fernando said.
the interest income exceeds Rs. 20,000 the bank automatically converts
the fixed deposit into a savings account. When the savings account
balance exceeds Rs 20,000 the customer automatically qualifies to win
from the rewards plus draw.
Merchant Bank achieves 100% growth in profits
People's Merchant Bank has recorded a profit of Rs. 10.7 mn. amidst a
volatile economic background in which it had to operate during the
year ended March 31, 2002. Chairman, People's Merchant Bank, Lal
Nanayakkara describes this achievement as being significant and
bank achieved a 100% increase in profits despite substantial
provisions made for bad and doubtful debts. The re-pricing of their
short-term borrowings and the tight control over operating expenditure
enabled the bank to reduce its cost to net income ratio from
80% last year to 62%. The productivity of the bank has also
increased during the year with the value added per employee increasing
bank's future plans include a further reduction of the mismatch in
maturities of its assets and liabilities. The bank has also invested
in Information Technology (IT) to support its leasing activities.
People's Merchant Bank, Naomal Soysa in his review states that the
bank will be specialising in corporate finance and real estate
activities in future years. The two divisions will work together, with
the Corporate Finance Division structuring the required instruments to
mobilise the finances, and the Real Estate Division handling the
project management and marketing aspects.
Lanka Insurance Corporation (SLICL) has embarked on a programme of
upgrading its branches wherever necessary with a view to affording its
customers greater convenience, comfort, facilities and accessibility.
SLICL moved its branch offices in Horana and Ja-ela into more spacious
Horana branch now located at its new premises at No. 127, Anguruwatota
Road, Horana, was declared open on June 14, by Executive Director,
Sarath Cooray at a simple ceremony which was followed by Anushasana
delivered by the Venerable Vidyarathana Vidyadhikari Horana
those who attended the function were DGM Administration, J.M.
Vithanage, AGM Regions & Branches, Upali Wijetunga, AGM, Marketing
& Development, Jerome Vincent and Horana Branch Manager, Nelson
Ja-ela, the SLICL moved its branch office to No. 94-96, Old Negombo
Road, Ja-ela which was declared open on June 15, by its Executive
Director, Sarath Cooray. This was followed by simple religious
ceremonies conducted by Venerable Rupanave Wimalarathna Thero of the
Ja-ela Sri Bodhiraja Ramaya and Parish Priest of Our Lady of Sorrows
Church, Ja-ela, Rev. Fr. Leo Camillus.
in attendance on this occasion were AGM Regions & Branches, Upali
Wijetunga, AGM Marketing & Development, Jerome Vincent, Negombo
Regional Manager, A.M.W. Attanayake and Ja-ela Branch Manager,
Priyantha Silva among others.
book on fruit farming published by Arjuna Hulugalle Dictionaries
new book, Fruit Farming, was recently published by Arjuna Hulugalle
third technical communication of the Imperial Bureau of Fruit
Production describes investigations on the standardisation of citrus
trees by propagation methods. A chapter from it is published in this
number. The whole booklet deserves to be studied by those interested
in the propagation of perennial trees and bushes, whether they do so
for the production of fruit or other commercial products from them. It
affords interesting material for the consideration not only of the
citrus grower but of the planter of rubber, coffee, cocoa, and other
demonstrates what has not been sufficiently appreciated in the past
that when a good parent has been selected from which to propagate
there is usually a great deal of careful technique required both in
the attempt to perpetuate its kind by seed and by vegetative
reproduction to ensure that offspring carrying the desirable qualities
have been too accustomed to think that the germination of a seed
results in a plant that contains the elements of its two progenitors,
the egg cell and the pollen.
is now known to not necessarily be the case, many horticultural plants
of which the citrus family, the mango, and coffee are examples. It is
established that whilst the fertilised egg cell within the seed of
plants usually does give rise to an embryo, yet non-sexual cells of
the body of the seed may take upon themselves the propensity to
multiply and grow into a new embryo plant.
result of this is that from
such seeds as show this phenomenon, and it is to be noted that the
seeds of all plants do not, there can be embryos of two kinds; one
containing the elements and hereditary properties of two parents and
the other containing those of only one, that being the parent upon
which the seed was borne.
usually only one sexually produced embryo is grown from each seed,
there may be several of the vegetable or mono-parent type. This
explains one aspect of the variation in the types of citrus and other
trees commonly noticeable in our orchards and plantations. It is an
addition to our knowledge concerning segregation of parental
characters and types beyond that previously possessed of such in
generations derived by the process of fertilisation.
with this knowledge and that to be gained by studious observation, it
is now possible in some cases to pick out in the nursery the seedlings
derived from a sexually produced embryo and those that have arisen as
it were by a process of the sprouting of the parental portion of the
seed. There may be marked differences between them.
possibility of elimination of the undesired types in this way from
among seedlings in the nursery so as to leave us stocks for budding of
a uniform kind is a most important advance in horticultural knowledge.
In the past the method of securing this was by taking pieces or
cuttings from the parent tree.
importance of obtaining uniformity in the stocks upon which to bud or
graft cannot be over emphasised if uniformity in the final product is
to be attained. Whatever the influence of stock upon scion may be,
provided all the stocks in a plantation be the same, that influence
will be similar throughout.
study of the influence of the stock, however, upon the scion is one
receiving considerable attention, and advance in our knowledge of this
subject is to be hoped for.
the selection of budwood, as of stocks, great care is to be taken to
secure uniformity as even upon the same tree a phenomenon of bud
variation may play a part introducing variation. The securing of a
uniform scion is just as important as that of a uniform stock.
influence of the scion upon the stock is another line of investigation
to which much attention is now being given. Upon the same stock a
grafted sweet-orange scion or top will cause a deep root system whilst
a lemon top produces shallow rooting.
view of the attention that is being paid to fruit cultivation in Sri
Lanka at the present time, opportunity may here be taken once more to
reiterate the advice not to plant seedling trees but stocks grafted or
budded with selected material.