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The financial crisis in Britain in 1845 had severe ramifications on Ceylon’s coffee industry for more than a decade. Estates that had been purchased for Pounds Sterling 15,000 in 1843, were sold for Pounds Sterling 440, five years later. In 1854, the Planters Association was founded as the planters identified the need for a representative body in order to salvage their interests in a serious situation. The person elected to represent the Association as its first Chairman was Captain Keith Jolly.
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