INVERCARGILL LICENSING TRUST FIRST ANNUAL REPORT, FOR THE YEAR ENDED 31st MARCH, 1945

Appendix to the Journals of the House of Representatives, 1945 Session I, H-24

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1945 NEW ZEALAND

INVERCARGILL LICENSING TRUST FIRST ANNUAL REPORT, FOR THE YEAR ENDED 31st MARCH, 1945

Presented to both Houses of the General Assembly pursuant to the Invercargill Licensing Trust Act, 1944, Section 28

General In presenting the first report and Balance-sheet of the Invorcargill Licensing Trust, the members report what they consider a satisfactory position. The members faced what seemed an impossible task when taking over, having no precedent to follow, no capital, no premises, no staff, and no set ideas, except a fixed resolution to improve the method of retailing liquor and to provide the best of accommodation. In the initial stages we had the assistance of a Public Trustee officer as Secretary, until the appointment of our present Secretary-Manager, Mr. E. B. Barnett. As a considerable time had elapsed between the carrying of restoration and the passing of the Invercargill Licensing Act, the members of the Trust were anxious to, at least, open bars by Ist July, a date mentioned during the passing of the Act. Owing to owners of obsolete hotels asking exorbitant prices for their premises, the Trust was forced to take leases of land and erect temporary bars. It would be well to remember that, at this stage of developments, we had been assured by the then Commissioner of Works that we would have no difficulty in obtaining permits to build or alter hotels. The placing of contracts for the erection of these premises in the hands of the Public Works Department was a costly mistake, as the buildings cost over £6,000 each. Had the Trust been given the man-power and materials, we feel sure that we could have saved a considerable amount of this unnecessary outlay. The purchase of existing hotel premises and sites for erection of permanent hotels proved a most embarrassing experience, as most of the hotels, after thirty-eight years of prohibition, had reached a stage where alterations were impracticable. The taking of buildings and land under the Public Works Act also proved cumbersome, and met with a considerable amount of opposition from owners. In a number of cases, however, we were able to reach settlement, but where trustee ownership is concerned the services of the Act will have to be exercised. We would explain here that, while members of the Trust are most anxious to make progress and erect at least two up-to-date hotels, they feel that the erection of houses should take precedence. Moreover, we have found that at the present-day cost of building, limitations of choice of building materials, furnishings, &c., it would be uneconomic to launch into the erection of what we hope to have —modern hotels and taverns. Our experiment with the Brown Owl Restaurant, where we are dispensing food and drinks side by side, has permitted the members to bring about the experiment of sitting-down drinking. Our observations have conclusively shown that the effects of alcohol are much easier controlled when taken in mixed company, and we can see no ill effects through children frequenting this restaurant with their parents. Although isolated cases may be sited where women take a drink when accompanied by their children, public opinion in Invercargill is very strongly in favour of this class of restaurant. We also find that the proportion of accommodation and drinking are not equal in our city, and propose to erect a few taverns in the suburbs, where drink and refreshments only are to be catered for. This service will provide afternoon teas, &c., for ladies as well as drink for the public. In other words, we consider that it is not necessary or desirable that drinking-houses should be only attached to hotels. The engagement of forty to fifty barmen and assistants also gave worry, as few of the men offering had any previous experience, most of the appointees being returned men, who, with few exceptions, have proved most satisfactory. Our temporary bars are not what we would like them to be, chiefly through overcrowding, but we are certain that the atmosphere and behaviour is much better than in privately-owned hotels. This is brought about largely by the fact that our servants are judged by the behaviour of their clients, rather than by sales made. Our barmen are not permitted to shout, sell drinks to any one who appears intoxicated, or themselves drink while on duty. Bookmaking is not tolerated on the premises. All bars close sharp

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at the appointed hour, no after-hour drinking being possible, as premises are locked up and no one resides on the premises. In the Grand Hotel, the only residential hotel in which we have installed a house bar, affairs are conducted on the usual lines, with the exception that no drink is permitted in bedrooms. On the introduction of drinking after thirty-eight years of prohibition, it was to be expected that there would be an increase in the amount of drink consumed in the district, but the numbers of prosecutions have, we think, been less than under prohibition. The Police Department will, we hope, give the actual figures. Finance Complying with the interpretation of the Invercargill Licensing Act, the Trust borrowed the first £50,000 from the Treasury and are financing the balance through the Bank of New Zealand on current account. A first mortgage and debenture over the Trust's undertakings has been given to the bank and a second mortgage to the Treasury Department. Interest at bank rate is being paid to the Treasury with a table repayment liquidating the £50,000 by March, 1954. The total turnover for the nine months ended 31st March, 1945, was £141,568 lis. 5d., leaving a net balance in Profit and Loss Account of £23,485 14s. 7d. Income-tax, social security tax, and land-tax are to be paid from this amount. Prospects The members of the Trust are well satisfied with the progress made under the limited circumstances, but are of the opinion that it would be unwise to judge the experiment too critically at this stage. Even with conditions restored to normal, it will be four to five years before a comprehensive judgment would be possible. For Invercargill Licensing Trust: Hugh Ritchie, Chairman.

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INVERCARGILL LICENSING TRUST Trading Account for the Period ended 31st March, 1945

Profit and Loss Account for the Period ended 31st March, 1945

£ s. d. £ 8. d. Net losses brought down .. .. .. 1,125 14 8 Net profits brought down .. .. .. 23,485 14 7 Net profit to Profit and Loss Appropriation Account 22,359 19 11 £23,485 14 7 £23,485 14 7 Provision for national and social security tax — £ s. d. Profit and Loss Appropriation Account— £ s. d. Income-tax.. .. .. .. .. 13,221 17 4 Net profit .. .. .. .. ~ 22,359 19 11 Social security oharge .. .. .. 2,860 10 0 16,082 7 4 £16,082 7 4 Balance .. .. .. .. £6,277 12 7

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Appleby Kelvin. Clyde Brown Owl Grand Cecil Newburgh Head Total. Hotel. Hotel. Hotel. Restaurant. Hotel. Hotel. Building. Office. Dr. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Cellar purohases .. .. 12,109 3 0 30,194 12 817,788 12 2 5,550 2 1 11,573 13 0 .. .. .. 77,216 2 11 Provision purchases .. 42 2 6 101 15 4 59 7 11 9,617 11 1 460 5 10 65 1 1 .. .. 10,346 3 9 Grossprofit .. .. 6,374 8 918,858 13 710,868 5 814,418 16 10 5,797 0 0642 19 21,709 0 4 .. 58,669 4 4 18,525 14 349,155 1 728,716 5 9 29,586 10 017,830 18 10 708 0 31,709 0 4 .. 146,231 11 0 Or. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Bar takings .. .. 18,093 3 0 48,384 14 028,008 17 2 9,945 3 015,383 0 10 .. .. .. 119,814 18 0 Board and residence .. .. .. .. .. 1,143 0 2161 10 6 .. .. 1,304 10 8 Restaurant, cake-kitchen, and .. .. .. 16,070 17 7 .. .. .. .. 16,070 17 7 banquet-hall Milk-bar .. .. .. .. .. .. 1,939 3 2 .. .. .. .. 1,939 3 2 Rent .. .. .. 11 0 0 .. .. 76 17 6 104 0 8538 3 81,709 0 4 .. 2,439 2 2 Stock on hand, 31stMarch, 411 14 7 758 1 0 697 9 3 241 18 9 1,035 14 11 .. .. .. 3,144 18 6 1945 : Cellar Provisions .. .. 9 16 8 12 6 7 9 19 4 1,312 10 0 165 2 3 8 6 1 .. ... 1,518 0 11 18,525 14 349,155 1 728,716 5 9 29,586 10 017,830 18 10 708 0 31,709 0 4 .. 146,231 11 0

Appleby Kelvin. Clyde Brown Owl Grand Cecil Newburgh Head Total. Hotel. Hotel. Hotel. Restaurant. Hotel. Hotel. Building. Office. Dr. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Wages: Staff .. .. 1,224 18 1 3,589 18 5 2,362 3 11 6,170 6 3 529 6 4 23 7 8 204 13 2 .. 14,104 13 10 Salaries: Managers .. 327 19 11 356 19 9 344 17 7 548 5 8 517 16 6 39 2 8 .. .. 2,135 2 1 Wages and salaries: Head 365 1 10 1,004 4 1 572 0 7 570 7 7 332 18 1 5 7 8 41 5 5113 13 4 3,004 18 7 Office and Trust honoraria Cartage and freight .. 640 11 5 1,610 9 7 938 16 1 625 5 4 547 1 3 7 9 5 63 12 5 .. 4,433 5 6 Sundry charges .. .. 271 17 6 589 10 1 380 15 6 677 2 0 380 6 11 48 11 0 74 7 1 .. 2,422 10 1 General maintenance .. 50 1 4 103 16 8 57 8 1 357 119 92 27 150 506 16 8 .. 1,169 2 1 Furniture replacements .. 32 13 2 114 1 4 51 13 11 805 26 50 29020 833 .. 1,061 18 11 Rent .. .. .. 11 6 5 154 9 10 50 4 8 836 2 2 250 18 17 86 10 62 .. 1 329 19 5 Tftates .. .. .. 5 3 9 88 6 9 23 4 6 126 2 9 53 3 0116 19 4 218 10 8 84 16 5 716 7 2 insurance .. .. 11 14 9 43 11 6 48 15 9 126 18 4 16 14 11 16 5 6 63 2 5 3 1 9 330 4 11 Interest.. .. .. 64 14 6 33 4 9 10 0 0 217 1 0 335 18 0460 17 8 875 14 2 63 13 3 2,061 3 4 Laundry .. .. 12 5 11 38 14 2 24 15 0 88 2 3 32 2 2 3 16 2 .. .. 199 15 8 Advertising , .. .. .. •. .. 65 8 6 .. .. .. .. 65 8 6 Truck-running .. .. 2 15 9 6 19 6 4 3 8 48 4 438028 0 11 7 .. 23 52 Land-tax .. .. .. .. .. .. .. .. 26 8 6 .. 26 8 6 Goodwill written off .. .. .. .. 1,035 0 0 100 0 0 4 3 6 .. .. 1,139 3 6 Unauthorized expenditure .. .. .. .. .. .. .. .. 520 520 Depreciation— Furniture and fittings .. 61 15 9 157 2 0 137 11 7 792 6 0 75 2 4 2 14 10 0 8 7 .. 1,227 1 1 Motor-vehicles .. .. 648 15 118 970 9 17 4 970052 160 .. 51 18 10 Buildings: Cellar .. 27 12 9 116 15 4 114 8 10 61 12 0 117 3 9 67 10 0 243 16 2 45 5 5 794 4 3 Bulk store .. .. .. .. ■ ■ •. .. .. .. 69 18 6 69 18 6 Netprofit .. .. 3,257 11 310,834 18 2 5,737 19 0 1,301 17 1 2,353 9 1.. .. .. 23,485 14 7 6,374 8 918,858 13 710,868 5 814,418 16 10 5,797 0 0815 8 92,339 2 3385 10 8 5Q~,851~~6 Or. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d Grossprofit .. .. 6,374 8 918,858 13 710,868 5 814,418 16 10 5,797 0 0642 19 21,709 0 4 .. 58,669 4 4 Rent from dwellinghouses .. .. .. .. .. .. .. .. 38 16 7 38 16 7 Sundry Goods Bulk Stock .. .. .. .. .. .. .. 23 10 11 23 10 11 Account Net loss .. .. .. .. .. .. .. 172 9 7 630 1 11323 3 2 1,125 14 8 6,374 8 918,858 13 710,868 5 814,418 16 10 5,797 0 0 815 8 92,339 2 3385 10 8 59,857 6 ~6

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INVERCARGILL LICENSING TRUST—continued Schedule showing Allocation of Expenditure charged in Head Office Books

Details op Charges, Maintenance, Furniture Replacements, and Salaries and Wages, Etc., Head Office Accounts Charqes £ s. d. Electricity .. .. .. .. .. .. .. .. .. .. .. 234 18 2 Licenses— Hotel .. .. .. .. .. .. .. .. .. .. .. 180 0 0 Heavy traffio .. .. .. .. .. .. .. .. .. .. 11 18 9 Telephone .. .. .. .. .. .. .. .. .. .. .. 149 0 4 Disinfectant .. .. .. .. .. .. .. ~ .. .. 45 8 6 Printing and stationery (includes printing of all cheques and cost of embossing) .. .. .. 803 13 9 Sign writing.. .. .. .. .. .. .. .. .. .. .. 47 10 3 Water rates .. .. .. .. .. .. .. .. .. .. 13 11 5 Legal fees (including stamp duty, search fees, &c.) .. .. .. .. .. .. 449 5 6 Flowers .. .. .. .. .. .. .. .. .. .. .. 63 10 10 Stamps, telegrams, bureaux .. .. . . .. .. .. .. .. .. 114 4 0 Advertisements (staif, tenders, sites, &c.) .. .. .. .. .. .. .. 79 18 3 Certificates for boilers and lifts .. .. .. .. .. .. .. .. 500 Hireage .. .. .. .. .. .. .. .. .. .. .. 18 9 1 Valuation fees (Brown Owl and Cecil) .. .. .. .. .. .. .. .. 35 0 0 Travelling-expenses (interviews Chairman, Secretary-Manager) .. .. .. .. .. 93 8 5 Sundries .. .. .. .. .. .. .. .. .. .. .. 77 12 10 £2,422 10 1 Maintenance £ s. d. Plumbing repairs .. .. .. .. .. .. .. .. .. .. 375 4 8 Reglazing (chiefly Newburghs) .. .. .. .. .. .. .. .. 65 14 9 Electrical repairs (chiefly Brown Owl and Newburgh's) .. .. .. .. .. .. 31 10 3 Painting .. .. .. .. .. .. .. .. .. .. .. 37 19 4 Boiler repairs (Brown Owl and Newburgh's) .. .. .. .. .. .. .. 43 10 11 Cleaning windows (Brown Owl and Head Office) .. .. .. .. .. .. 40 15 6 Repairs to equipment and chimney (chiefly Brown Owl and Elmwood chimney) .. .. .. 97 19 5 Repairs to lift and monthly maintenance (Newburgh's) .. .. .. .. .. .. 25 15 2 Plastering repairs (Newburgh's) .. .. .. .. .. .. .. .. 40 15 1 Tar-sealing (Kelvin) .. .. .. .. .. .. .. .. .. .. 399 Materials, &c., for carpentering repairs to all of the Trust's premises, including Head Office and store .. 383 4 10 Sundries .. .. .. .. .. .. .. .. .. .. .. 23 2 5 £1,169 2 1

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Appleby | Kelvin : Clyde Brown Owl Grand Cecil Newburgh ! Head , . Hotel. Hotel. Hotel. Restaurant, j Hotel. ! Hotel. Buildings, j Office. total. I j I J I £ 8. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Salaries, wages, and Trust 365 1 10 1,004 4 1 572 0 7 570 7 7 332 18 1 5 7 8 41 5 5 113 13 4 3,004 18 7honoraria Cartage and freight .. 559 0 4 1,463 4 8 847 15 1 454 13 4 512 0 7 7 9 5 61 2 1 .. 3,905 5 6 Sundry charges .. .. 156 5 10 464 5 0 259 2 9 247 1 2 113 17 0 2 6 4 11 19 0 .. 1,254 17 1 General maintenance .. 41 2 9 96 4 3 52 17 2 63 4 3 54 14 2 1 5 0 7 1 8 .. 316 9 3 Rent .. .. .. 11 6 5 31 9 9 17 14 8 17 14 11 8 19 7 0 1 10 1 2 10 .. 88 10 0 Rates .. .. .. 178 472 269 248 064 .. .. 84 16 5 95 90 Insurance .. .. 2 13 11 8 13 9 4 8 10 4 4 10 0 12 8 .. .. 3 1 9 23 15 9 Interest on loan and bank 20 17 0 11 12 0 10 0 0 217 1 0 304 15 0 58 6 6 373 0 0 63 13 3 1,059 4 9 overdraft Furniture replacements .. 228 593 35 10 810 3 3 0020 07 10 .. 22 11 7 Truck-running expenses .. 2 15 9 6 19 6 438 484 438028 0 11 7 .. 23 52 Depreciation—• Furniture .. .. 2 11 1 6 12 2 3 17 11 3 19 8 2 16 0 0 1 2 0 7 9 20 5 9 Motor-vehicles .. .. 648 15 11 8 970 9 17 4 970052 160 .. 51 18 10 Buildings .. .. .. .. .. .. .. .. .. 45 5 5 45 5 5 Unauthorized expenditure .. .. .. .. .. .. .. .. 520 520 1,171 9 11 3,118 13 3 Jl ,787 0 3 1,602 18 1 1,347 13 1 75 7 9 498 4 2 315 12 2 9,916 18 8 With the exception of interest, all other Head Office expenditure has been allocated in accordance with revenue on a percentage basis.

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INVERCARGILL LICENSING TRUST —continued Furniture Replacements , . i . .... 32 15 1 Electric globes .. • • • ■ • • • • • • • Glasses and crockery .. • • • • • • • ■ • • • • '' '' 9 6 10 Altering measures .. . • • • • • • • • • • • • • ' ' " ~, ~ . Table-cloths, smocks, and soft furnishings .. • ■ • • • • • • • • • • kb ? 8 Brushes, mops, and ironmongery .. •• •• •• •• •• •• •• 51111 Gramophone records.. •• •• •• •• '• 32 6 0 Silverware and crockery ex auction sales . . • • • • ■ • • • • ■ • • Repairs to furniture and equipment .. .. • • • • • • • • • • • ■ 7 Carpets, lino., &c. .. • • • • • ■ • • • ■ • • "' '' '' »o 10 j Kitchen trays and utensils for bakehouse .. • • • • ■ • »• • • • • 9100 Sundries .. .. •• •• *• • • '' '' '' '' 331 Hireage .. . • • • • • • • • • '' '' '' '' '' ; £1,061 18 11 Salaries and Wages, Etc., Head Office, and Trust Honoraria £ s. d. „ , 1,459 1 6 Head office.. ■ • • • • • • • • ■ c,n ,» 1 Bulk store ;; ;; 257 6 8 Maintenance stall .. . . • • ■ ■ • jg Trust honoraria . . .. • • ■ ■ • • ■ ■ ■ • ' •' '' £3,004 18 7 Details of Unauthorized Expenditure for Period ended 31st March, 1945 _ , , ~ __ £ s. d. £ s. d. CfliSn donations to 110 Invercargill Civic Band .. • • ■ • ■ ■ • ■ • • ■ ■ 110 Bluff Regatta Committee .. .. • ■ • • ■ • • ■ • • "inn Payment of part fine inflicted on hotel-manager .. •• •• ' koa Total cash as per Head Office Profit and Loss Account .. • • • • • • 0 Value of issues from cellar— qi 12 2 For Trust refreshment at Board meetings, &o. .. • • • • • • • • • • " 014 0 To Invercargill City Counoil .. .. ■ • • • • • • " • • 2 3 9 To Southland Daily News .. .. •• •• •• *• '' 2 3 9 To Southland Times . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ • '' ' , .. To Bank of New Zealand .. ■ • ■ • • • • • • • • • '' 115 0 To policc .. .. • • • • • • • • • • '' '' '' '' £45 22 Statement of Balances as at 31st March, 1945 n Crr• j f m (1 Bank £ s. d. £ s. d Accounts— ] 929 0 9 •• ' Bank of New Zealand.. .. • • 64,191 1 9 2 Kelvin Hotel !! " 7J94 7 8 .. Outstanding cheques .. .. - 25 > 418 3 1 )o{ rii TT j- FTn+ol 3 102 14 6 .. Cash on hand .. 15,90.) O u (4) Brown Owl Cafe !! " ' 19,267 9 2 Post Office Savings-bank 102 1 8 " (5) G ra nd H°tel 42,587 14 b £16,007 1 8 89,609 410 (6) Cecil Hotel . . •• ■■ ».»«» J , ==, 16,007 1 8 (7) Newburgh s Building .. ■ • 44,473 11 4 (8) Head Office .. •• 28,417 14 10 (9 Frank Holloway Lighting Fund .. ■ • 102 1 8 .. £41,345 19 5 114,948 2 7 41,345 19 5 £73,602 3 2 £73,602 3 2

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INVERCARGILL LICENSING TRUST—continued Balance-sheet as at 31st March, 1945

I hereby certify that the statement of accounts and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—Cyril G. Collins, Controller and Auditor-General. Invercargill Licensing Trust: Eric B. Barnett, Secretary-Manager.

Approxirhate Cost of Paper.—Preparation, not given ; printing (515 copies), £15 10s.

Authority: E. V. Paul, Government Printer, Wellington.—l94s.

Price 6d.]

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Appleby Kelvin Clyde Brown Owl Grand Cecil Newburgh Head tw«i Hotel. Hotel. Hotel. Restaurant. Hotel. Hotel. Building. Office. Liabilities £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Bank .. .. .. .. .. 19,589 0 843,069 19 2 8,735 11 1144,485 8 2 .. 115,879 19 11 Less cash in hand .. .. .. .. 321 11 6 482 4 8 116 4 4 11 16 10 .. 931 17 4 19,267 9 2 42,587 14 6 8,619 7 7 44,473 11 4 114,948 2 7 Treasury loan . ■ . • •• .. •• •• •• 50,000 0 0 50,000 0 0 Frank Holloway .. .. .. .. .. .. .. 102 1 8 102 1 8 Lighting Fund Sundry creditors .. 2,636 13 1 6,225 5 7 6,102 1 6 12 19 8 109 18 5 52 18 0 348 18 7 227 13 2-15,716 8 0 *Property Acquisition 856 4 7 1,854 17 4 .. .. 8,405 14 1 10,339 9 4 .. 1,475 0 0 22,931 5 4 Adj ust ment Accounts Depreciation ReservesFurniture and fittings 59 4 8 150 9 10 133 13 8 788 6 4 72 6 4 2 13 8 0 0 10 20 5 9 1,227 1 1 Motor-vehicles .. .. •. .. .. .. •. . • 51 18 10 51 18 10 Buildings .. 27 12 9 116 15 4 114 8 10 61 12 0 117 3 9 67 10 0 243 16 2 45 5 5 794 4 3 Profit .. .. 3,257 11 310,834 18 2 5,737 19 0 1,301 17 1 2,353 9 1 .. .. .. 23,485 14 7 6,837 6 419,182 6 312,088 3 021,432 4 353,646 6 2 19,081 18 745,066 6 1151,922 4 10229,256 16 4 Assets £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Bank .. .. 1,618 9 0 7,168 1 3 2,451 0 8 .. .. .. .. 15,033 4 2 26,270 15 L Cash in hand or lodg- 310 11 9 626 6 5 651 13 10 .. .. .. .. 13,384 10 8 14,973 2 8 ments in transit Imprest advances .. 50 0 0 100 0 0 100 0 0 66 6 0 115 0 0 15 0 0 .. 25 0 0 471 6 0 Post Office Savings- .. .. • .. .. .. .. .. 102 1 8 102 1 8 bank deposit Stocks on hand—Cellar .. .. 411 14 7 758 1 0 697 9 3 241 18 9 1,035 14 11 .. .. 6,385 14 9 9,530 13 3 Provision .. 9 16 8 12 6 7 9 19 4 1,312 10 0 165 2 3 8 6 1 .. .. 1,518 0 11 Furniture and fittings: 865 19 1 2,085 1 1 1,852 2 11 10,790 18 1 5,461 19 2 321 16 6 0 17 0 654 7 4 22,033 1 2 Original costs Motor-vehicles .. .. .. .. .. .. .. .. 1,038 17 2 1,038 17 2 Land and buildings .. 3,436 13 1 8,077 11 6 6,103 15 7 6,245 0 339,350 0 018,500 0 0 44,357 16 612,077 10 0138,148 6 11 Deposit on agreement .. .. .. .. .. .. .. 250 0 0 250 0 0 to purchase Sundry debtors .. 114 10 8 330 7 5 195 16 5 327 11 2 255 3 10 .. 4 8 6 2,647 15 11 3,875 13 11 Unexpired lioenses and 19 11 6 24 11 0 26 5 0 33 0 0 63 6 0 18 12 5 73 3 0 .. 258 8 11 insurance Goodwill .. .. .. .. .. 2,415 0 0 7,200 0 0 45 14 0 .. .. 9,660 14 0 Loss .. .. .. .. .. .. .. 172 9 7 630 1 11 323 3 2 1,125 14 8 6,837 6 419,182 6 312,088 3 021,432 4 353,646 6 219,081 18 745,066 6 1151,922 4 10229,256 16 4 • Contingent liability for awards made nnder section 00 of the Public Works Act, 1928, in respect of the following properties talien under the above Act and amount not yet determinable : — A. it. p. 6/27/A574 Invercargill Tn., Section 12, Block XXIII .. .. .. ..010 Gazette notice, 7th December, 1944. 6/27/A192 Invercargill Tn., South, part Section 22, Block X .. .. ..0 0 27-2 Gazette notice, 28th February, 1945. 6/27/A5 Invercargill Tn., parts Sections 6, 18, Block I, interest in B.O.W. .. -\n i ia oq v ,, 6/27/A4 Invercarlill Tn„ part Section 5, Block I J- 0 1 14-28 Gazette notice, 16th November, 1944. 6/27/A40 Invercargill Tn., part Section 12, Block II, and part Lot 1, D.P. 2682, of Section 11 .. .. .. .. .. .. ..010-1 Gazette notice 16th November, 1944. 6/27/E977 Strathearn T.P., Lots 1, 2, 4, D.P. 692, Block Ia .. .. .. 0 116-4 Gazette notice, 7th December, 1944.