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The majority of the tea estates (more than 80 percent) were owned by British Companies from the time of James Taylor who began the industry in 1867 until 1971 when the government of Sri Lanka introduced a Land Reform Act which granted the ownership of tea estates to the government (nationalisation of the tea industry).
It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100. This is the longest and the broadest measure of the Sri Lankan Stock market.
Honduran mahogany tree, Swietenia macrophylla Wood from Honduran mahogany. Mahogany is a straight-grained, reddish-brown timber of three tropical hardwood species of the genus Swietenia, indigenous to the Americas [1] and part of the pantropical chinaberry family, Meliaceae. Mahogany is used commercially for a wide variety of goods, due to its ...
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A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could ...
In October 1852 a seventeen-year-old James Taylor arrived in Ceylon, having signed up as an assistant supervisor with George Pride for three years. Upon his arrival he was sent to Loolecondera, under the supervision of a Mr. Williams. By 1857 he was the manager of Loolecondera. James Taylor in Kandy, Sri Lanka in 1860s
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The rate dropped to 6.69% from 6.81% last week, mortgage buyer Freddie Mac said Thursday. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home ...
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