Ceylon Company Limited

The tokens were struck in London about the year 1866, by the Ceylon Company Ltd., established in 1863 in Colombo, Ceylon, for use at the St. Sebastian Mills.

SPECIFICATIONS
Denomination2 1/4 pence
AlloyBrass
Diameter19 mm
Thickness mm
Weight3.50 gms
ShapeRound
EdgePlain
DieAxis
Issue
sebastian_mills_a_obverse sebastian_mills_a_reverse
Atkins #98 Lowsley #28 Pridmore #19 Mitchiner #2236

Obverse : CEYLON COMPANY LIMITED
. * .
an elephant facing left within a circle.
Reverse : - ST. SEBASTIAN MILLS
A
. * .
within a circle.

The tokens represented payments for picking certain fixed quantities of coffee, and were redeemable on Saturdays by actual cash as allowed for the quantities to which each referred; thus, the A token is said to have represented 2 1/4d., for a quarter bag; the B token was 4 1/2d., being for half a bag, or cwt.; and the C token for 9d., or a full bag, or 1 cwt.
These tokens were struck in London are well designed and struck. The St. Sebastian Mills at the time of issue employed about one thousand five hundred hands. The site of these important mills being San Sebastian Hill, Maradana, Colombo.

CEYLON COMPANY LTD. This company was established in 1863 to take over the extremely successful enterprises of G. and M. B. Worms of 19 Baillie Street, Colombo (1842-1862).
The Ceylon establishment was managed by j. Mercer and C. B. Smith. The company undertook the following business
(1) Advanced money to owners of Coffee Estates upon condition that the produce be consigned to the Company for curing and for sale.
(2) Advanced money on coffee crops growing and gathered, under the same conditions as (1) above.
(3) Undertook the Agency and General management of Estates and also the receiving and disposing in London or Ceylon of consignments of coffee and other produce.
In 1883 the Company owned St. Sebastion Mills for Coffee and Grandpass for Tea. Successfully operated for many years, a new Company was formed in 1888 under the title of The Eastern Produce and Estates Co., Ltd.

Reference
* Coins and Tokens of Ceylon, Lieut. Col B. Lowsley, Num. Chron. Sr III Vol. XV, 1895.
* The Coins of British Commonwealth of Nations to the end of the reign of George VI 1952 Part 2 - Asian Territories by F. Pridmore Spink & Son Ltd., 1965. Tokens
* Oriental Coins AD 600 - 1979 by Michael Mitchiner 1979

The token was scanned at 300dpi and the images are displayed at 200dpi.
The very fine condition A token was obtained from a collector Chrysantha Goonatelleke in Lanka in 2000, September.