INVERCARGILL LICENSING TRUST FIFTH ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH, 1949

Appendix to the Journals of the House of Representatives, 1949 Session I, H-24

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1949 NEW ZEALAND

INVERCARGILL LICENSING TRUST FIFTH ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH, 1949

Presented to Both Houses of the General Assembly Pursuant to the Invercargill Licensing Trust Act, 1944, Section 28

By Authority: B. E. Owen, Government Printer, Wellington.—l 949.

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I have pleasure in presenting, on behalf of the members of the Trust, the fifth annual report and statements of accounts for the past financial year and balance-sheet as at 31st March, 1949. The turnover for the year at £360,610 9s. 2d. is the highest on record since the inception in July, 1944, and represents an increase in all Departments. Benefit has been derived from the experience gained and the experience undertaken in the retailing of intoxicating liquor. Our staffs are now more efficient and experienced, and have been instrumental in producing a very high standard of service, and this has been reflected on the general good behaviour in hotels. A strict observance of legalized drinking-hours has prevented overindulgence, and of this fact the members of the Trust are very proud. There is, however, a considerable amount of liquor sold, not under Trust control, for consumption in the City of Invercargill, and it is still thought that the ultimate aim of a Trust should be complete control over all liquor consumed in its particular licensing area. Our accommodation houses have now been brought up to a very good standard, and the Grand Hotel is now comparable with the best accommodation houses in New Zealand, with accommodation for one hundred and twenty guests. The selling of liquor in the Brown Owl Restaurant has recently been discontinued because of lack of patronage from the very persons from whom it was hoped assistance would be received in our endeavours to improve upon the usual methods of consumption of liquor. Even with the removal of drink from the cafe, there appears to be a certain amount of prejudice to the Trus^operating a restaurant, cake-shop, and milk-bar, and the advisability of reconstructing the premises to provide up-to-date bars is under consideration. Owing to the present-day high cost of building and the shortages of building-materials, we are still obliged to make use of the temporary bars erected at the time the Trust first commenced operations, and the availability of the extra bar space in the Brown Owl premises would help to relieve the present overcrowding of existing bars. From the financial aspect, the year has been a most successful one, and it is pleasing to report that the Trust is now in a very sound financial position. The net profit for the year at £34,216 Bs. lid. is the highest on record, and compares favourably with the previous best of £32,960 13s. 9d. for the year ended 31st March, 1946. After full provision for special depreciation and taxation, a net balance of £10,029 lis. Id. remains. The members of the Trust feel that, while it is desirable to build up reserves, and ultimately have the Trust free of debt, it is preferable. to allocate a small proportion of the profits to the present-day public instead of making no distributions now, and leaving the Trust free of debt to posterity. A word of praise is due to our various staffs, who are becoming much more experienced in the management of hotels. In accordance with this policy, it is proposed to distribute.a further £2,500 from the profits for the year ended 31st March, 1949, and transfer to General Reserve Account, £7,529 lis. Id., which will bring the total of General Reserve Account to £23,143 2s. Id. The total profits distributed to date under the Act is now £13,940 19s. sd. H. Ritchie, Chairman.

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INVERCARGILL LICENSING TRUST Balance-sheet as at the 31st March, 1949 Liabilities Assets Current liabilities— £ s. d. £ s. d. Current assets—- £ s. d. £ s. d. £ s. ■ d. Bank of New Zealand: overdraft .. 276,178 16 11 Cash on hand .. 1,153 15 10 Ordinary trade creditors .. .. 18,004 12 1 Imprest advances 1,521 6 0 Provision for taxation .. .. 27,110 17 7 Post Office SavingsF. Holloway Lighting Fund .. 112 12 8 bank: F. HolloCommunity Centre Donation Reserve 4,750 00 way Lighting Total of current liabilities .. 326,156 19 3 Fund .. 112 12 8 Reserves: General Reserve.. .. .. .. 15,613 11 0 ——— 2,787 14 6 Profit and Loss Appropriation Account .. .. 10,029 11 1 Sundry trade debtors .. .. 1,802 6 1 Stocks on hand— Cellar.. .. 12,936 5 6 Provisions .. 3,876 5 1 Maintenance stores .. 14,609 11 11 — 31,422 2.6 • Total of current assets .. 36,012 3 I Investments at cost: 6666 ordinary shares of £1 each in Southland Breweries, Ltd., each fully paid .. .. 7,082 12 0 Fixed assets— £ s. d. £ s. d. Furniture : At Cost 39,607 4 11 Less Depreciation Reserve . . 9,474 6 4 30,132 18 7 Linen, crockery, glassware, &c. : at valuation .. .. .. 15,229 16 4 Motor-vehicles: a.t cost .. 1,047 7 2 Less Depreciation Reserve .. 638 15 4 408 11 10 Plant: at cost .. 21,092 15 6 Less Depreciation Reserve .. 7,297 14 6 13,795 1 Q Buildings : at cost 215,017 6 4' Loss Depreciation Reserve .. 40,557 3 11 ■ 174,460 2 5

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Freehold Land: at cost .. .. 63,677 1 1 Total of Fixed Assets .. 297,703 11 3 Fictitious assets: goodwill .. .. .. .. 11,001 15 0 £351,800 1 4 £351,800 1 4 The Audit Office, having examined the balance-sheet and accompanying accounts required by law to be audited, hereby certifies them to be correct.— J. P. Rutherford, Controller and Auditor-General. Invereargill Licensing Trust: N. E. Raines, General Manager.

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INVERCARGILL LICENSING TRUST— continued Schedule of Assets as at the 31st March, 1949

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Cash on Hand. Imprest Advances. Sundry Trade Debtors. Stocks on Hand. Maintenance Stores. 1 Cellar. Provisions. Hotels — £ s. d. ! £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Avenal 42 3 7 75 0 0 34 5 11 189 0 5 103 2 7 Cecil 39 9 0 55 0 0 135 7 9 100 9 2 139 17 0 Deschlers 94 3 3 100 0 0 212 17 6 170 19 5 200 11 4 Grand S 235' 13 11 325 0 0 626 15 9 760 18 4 284 17 11 Southland 44 5 5 55 0 0 40 17 1 299 0 10 74 19 0 Appleby 71 7 6 150 0 0* 376 5 1 Clyde 78 8 2 200 0 0 512 0 11 Kelvin 128 14 10 200 0 0 576 0 2 Bottle-stores — Mary Street 43 2 5 25 0 0 245 13 3 North Invercargill 41 6 6" 20 0 0 140 1 4 Rugby Park 60 13 2 25 0 0 224 18 0 Spey Street 40 14 6 55 0 0 332 11 6 Brown Owl Restaurant 233 13 7 206 6 <5 527' 2 8 154 10 4 2,333 14 6 Head Office 30 0 0 158 15 8 Properties — Cecil Buildings .. Grand Buildings .. .... Trust Buildings Bulk* store • * 55 8 1 8,853* 16 9 739 2 9 13,235 3 0 Maintenance Department 1,374 8 11 Gala Street .. 1 10 15 8 Sydney Street Sundries — Post Office Savings-bank 112 12 8 Southland Breweries, Ltd. : Shares 7,082 12 0 Motor-vehicles 1,047 7 2 8,242 11 10 1,153 15 10 1,521 6 0 1,802 6 1 12,936 5 6 3,876 5 1 14,609 11 11

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INVERCARGILL LICENSING TRUST— continued Schedule of Assets as at the 31st March, 1949— continued

■ Furniture. "^assware^&o'' PlaBt - Buildings. Land. Goodwill. Totals. Hotels — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Avenal .. .. .. 1,250 19 10 886 8 11 .. * 3,770 1111 1,458 0 0 .. 7,809 13 2 Cecil .. .. .. 1,277 8 0 1,337 9 0 .. .. .. 900 0 0 3,984 19 11 Deschlers .. .. .. 2,320 10 7 2,572 19 0 213 5 10 8,211 14 6 4,759 14 0 .. 18,856 15 5 Grand .. .. .. 16,243 4 11 3,224 14 10 13,213 4 2 .. .. 7,200 0 0 42,114 9 10 Southland .. .. .. 1,783 16 5 2,321 7 7 .. 17,904 4 1 100 0 0 .. 22,623 10 5 Appleby .. .. .. 1,450 9 3 284 13 11 .. 4,417 12 8 660 0 0 .. 7,410 8 5 Clyde .. .. .. 1,907 2 1 430 1 2 .. 6,146 11 10 750 0 0 .. 10,024 4 2 Kelvin .. .. .. 2,187 12 3 480 1 4 .. 6,806 4 1 4,000 0 0 .. 14,378 12 8 Bottle-stores — Mary Street .. . . . . 333 2 0 19 4 0 . . .. . . .. 666 1 8 North Invercargill .. . . 361 4 0 26 1 7 ' 5 8 0 . . . . . . 594 1 5 Rugby Park .. .. .. 275 14 2 30 1 1 .. 2,166 18 6 918 7 1 .. 3,70112 0 Spey Street .. . . .. 241 1 0 28 18 6 . . .. . . . . 698 5 6 Brown Owl Restaurant .. .. 8,821 9 6 2,834 13 9 1,579 10 4 .. .. 2,415 0 0 19,106 0 8 Head Office .. .. .. 1,153 10 11 753 1 8 .. .. .. .. 2,095 8 3 Properties — Cecil Buildings .. .. .. .. 509 1 3 18,234 13 11 11,500 0 0 .. 30;243 15 2 Grand Buildings .. .. .. .. .. 94,215 6 10 17,567 0 0 .. 111,782 6 10 Trust Buildings .. .. .. .. 5,572 5 11 42,337 12 9 19,453 0 0 .. 67,362 18 8 Bulk store .. .. .. .. .. .. 5,765 1 3 500 0 0 .. 29,148 11 10 Maintenance Department .. .. .. .. 2,77050 300 0 0 .. 4,444 13 11 Gala Street .. .. .. .. .. .. 1,444 14 0 1,170 0 0 .. 2,625 9 8 Sydney Street .. .. .. .. .. .. 825 15 0 541 0 0 486 15 0 1,853 10 0 Sundries — Post Office Savings-bank . . .. .. .. .. . . .. 112 12 8 Southland Breweries, Ltd. : Shares .. .. .. .. .. .. 7,082 12 0 Motor-vehicles .. .. .. .. .. .. .. . . .. 1,047 7 2 39,607 4 11 15,229 16 4 21,092 15 6 215,017 6 4 63,677 1 1 11,001 15 0 409,768 1 5

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INVERCARGILL LICENSING TRUST— continued Schedule of Liabilities as at the 31st March, 1949

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Sundry Creditors. Depreciation Reserves. Trucks. Total. Buildings. Furniture. Plant. Hotels — £ s. d. £ s. d. £ s. d. £ s. d» £ s. d. £ s. d. £ s. d. Avenal 406 10 0 309 0 6 371 17 1 1,087 7 7 Cecil 376 10 8 359 19 10 736 10 6 Deschlers 1,013 11 1 2,759 15 0 688 0 1 76 11 10 4,537 18 0 Grand 2,374 5 9 2,926 17 2 5,244 8 11 10,545 11 10 Southland , . 530 11 0 4,823 1 1 396 9 7 5,750 1 8 Appleby .. 831 1-8 5 635 10 5 402 0 6 1,869 9 4 Clyde 1,001 12 7 3,657 0 6 610 0 4 5,268 13 5 Kelvin 1,565 15 2 4,034 1 4 722 2 9 6,321 19 3 Bottle-stores — Mary Street .. 18 15 4 ,, 48 4 11 67 0 3 North Invercargill 129 16 8 51 6 1 2 3 2 183 5 11 Rugby Park .. 129 16 10 155 13 5 56 6 0 341 16 3 Spey Street 52 1 11 91 7 0 143 8 11 Brown Owl Restaurant 1,535 9 9 2,428 8 3 396 13 7 4,360 11 7 Head Office 50 16 8 321 6 9 372 3 5 Properties — Cecil Buildings 1,391 17 7 223 19 10 1,615 17 5 Grand Buildings 17,269 15 3 17,269 15 3 Trust Buildings 122 10 0 3,192 16 11 1,353 17 2 4,669 4 1 Bulk store 7,862 9 4 1,942 3 10 . 638 15 4 10,443 8 6 Maintenance Department 2 0 11 145 14 9 147 15 8 Gala Street 156 19 11 156 19 11 Sydney Street 83 13 5 83 13 5 Sundries — Bank of New Zealand : overdraft 276,178 16 11 276,178 16 11 F. Holloway Lighting Fund 112 12 8 112 12 8 Taxation Reserve 27,110 17 7 . 27,110 17 7 General Reserve ... 15,613 11 0 15,613 11 0 Community Centre Donation Reserve; 4,750 0 0 4,750 0 0 Profit and Loss Appropriation 10,029 11 1 10,029 11 1 Account 333,795 9 3 18,004 12 1 40,557 3 11 9,474 6 4 7,297 14 6 638 15 4 409,768 1 5

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INVERCARGILL LICENSING TRUST—continued Statement of Balances as at the 31st March, 1949 Dr. Gr. Dr. Gr. £ s. d. £ s. d. £ s. d. £ s. d. General account .. 273,503 15 1 .. Bank of New ZeaFrank Holloway land .. 270,106 0 5 Lighting Fund .. .. 112 12 8 Outstanding cheques 6,072 16 6 Cash on hand .. .. 1,153 15 10 Post Office Sav-ings-bank account .. .. 112 12 8 Imprest advances .. 1,521 6 0 273,503 15 1 112,12 8 276,178 16 II *2,787 14 6 112 12 8 2,787 14 6 =» £273,391 2 5 £273,391 2 5

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INVERCARGILL LICENSING TRUST— continued Combined Trading Account tor the Year Ended 31st March, 1949 tocks on hand, Ist April, Sales— £ s. d. -£ s. d. 1948— £ s. d. £ s. d. £ s. d. Bar and store takings .. .. 283,401 19 6 Cellar .. .. 4,504 19 7 Board and residence .. .. 43,440 0 3 Provisions .. .. 3,980 9 5 326,841 19 9 8,485 9 0 Restaurant .. .. .. 12,958 9 7 Purchases during year— Elmwood .. .. .. .. 7,861 0 8 Cellar .. .. 179,202 18 10 Cake kitchen .. ... .. 7,608 9. 2 Provisions .. .. 32,425 6 2. Milk-bar .. .. .. .. 5,340 10 0 211,628 5 0 33,768 9 5 220,113 14 0 Less stocks on hand, 31st March, 1949— Cellar .. .. .. 4,082 8 9' Provisions .. .. .. 3,137 2 4 7,219 11 1 Cost of goods sold .. .. .. .. 212,894 2 11 Gross profit .. .. .. .. .. 147,716 6 3 £360,610 9 2 £360,610 9 2

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Combined Profit and Loss Account for the Year ended 31st March, 1949 Depreciation— £ s. d. £ s. d. £ s. d. Buildings .. .. .. .. 4,174 9 1 Gross profit, from Trading Account .. .. .. 147,716 6 3 Furniture .. .. .. .. 3,502 16 2 Gross profit from store cellar .. .. .. 1,428 5 0 Linen, glassware, &c. .. .. 4,757 12 1 Rents .. .. .. .. .. .. 15,358 13 0 Plant .. .. .. .. 1,166 8 4 Dividends .. .. .. .. .. 487 9 8 Trucks .. .. .. .. 102 3 0 13,703 8 8 Audit fees .. .. .. .. 254 18 6 Honoraria: Board members .. .. 1,040 17 0 Insurance .. .. .. .. 1,653 5 7 Interest .. .. .. .. 11,353 16 10 Land-tax .. .. .. .. 1,158 5 5 Laundry .. .. .. .. 2,597 5 0 Rates .. .. .. .. 3,159 19 11 Rent .. .. .. .. £,107 12 8 Repairs and maintenance .. .. 6,983 19 2 Staff— Superannuation .. .. .. 1,738 3 4 Salaries and wages.. .. 69,835 8 11 Sundry trading expenses .. .. 8,092 7 10 Unauthorized expenditure .. .. 94 16 2 — 117,070 16 4 Net profit .. .. .. .. .. 34,216 8 11 £164,990 13 II £164,990 13 11

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INVERCARGILL LICENSING TRUST —continued Sundry Trading Expenses Advertising— £ s. d. £ s. d. General .. .. .. .. 264 17 7 Staff .. .. .. .. .. 94 0 3 358 17 10 Annual charges, annual licences, P.O. box rentals, telephone rentals, &c. .. .. .. .. .. .. .. 1,754 1 4 Detail paper .. .. .. .. .. .. 27 9 0 Disinfectant .. .. .. .. .. .. 393 6 6 Electricity .. .. .. .. .. .. .. 1,509 14 1 Expenses, incidental (paper, string, &c.) .. .. .. 1,182 19 8 Flowers .. .. .. .. .. .. .. 260 17 4 Legal and valuation fees .. .. .. .. .. 145 6 0 Papers .. .. .. .. .. .. .. 323 11 7 Printing and stationery .. .. .. .. .. 609 1 6 Signwriting .. .. .. .. .. .. .. 49 4 9 Stamps .. .. .. .. .. .. .. 135 17 6 Sundries .. .. .. .. .. .. .. 1,273 15 8 Toll charges .. .-. .. .. .. .. 27 7 4 Travelling-expenses .. .. .. .. .. .. 40 17 9 £8,092 7 10 Unauthorized Expenditure, 1948-49 Donations— £ s. d. Invercargill Returned Services' Association Poppy Day Appeal .. 5 5 0 Police Picnic Committee .. .. .. .. .. 2 14 8 Staff Picnic Committee .. .. .. .. ... 10 0 0 Subscription : Invercargill Chamber of Commerce .. .. .. 3 3 0 Refreshments .. .. .. .. .. .. 72 2 6 Unidentified sale .. .. .. .. .. 0 10 0 Wreath .. .. .. .. .. .. ..110 £94 16 2 Profit and Loss Appropriation Account £ s* d. £ s. d. Donations allocated during Balance, Ist April, 1948 .. 5,722 17 2 1948-49 .. .. .. 2,200 0 0 Transferred to General Reserve .. 3,522 17 2 £5,722 17 2 £5,722 17 -2 £ s. d. £ s. d. Provision for taxation .. .. 16,100 0 0 Net profit, 1948-49 .. .. 34,216 811 Special depreciation on buildings Refund of portion of donation to and plant .. .. .. 8,235 18 5 Boy Scouts' Association, Balance .. .. .. 10,029 11 1 1947-48 .. .. .. 149 0 7 £34,365 9 6 £34,365 9 6

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INVERCARGILL LICENSING TRUST —continued AVENAL HOTEL Trading Account for the Year Ended 31st March, 1949 Stocks oil hand, Ist April, £ s. d. £ s. d. Sales — £ s. d. £ s. d. 1948 — Bar takings .. .. 9,463 7 9 Cellar .. .. .. 175 7 7 Board and residence .. 2,351 8 4 Provisions .. .. 102 19 2 11,814 16 1 278 6 9 Purchases during yearCellar .. .. .. 5,767 8 4 Provisions .. .. 1,168 18 6 6,936 6 10 7,214 13 7 Less stocks on hand, 31st March. 1949 Cellar.. .. .. 189 0 5 Provisions .. .. 103 2 7 292 3 0 Cost-price of goods sold .. .. 6,922 10 7 Gross profit .. .. .. 4,892 5 6 £11,814 16 1 £11,814 16 1 Profit and Loss Account for the Year Ended 31st March, 1949 Depreciation— £ s. d. £ s. d. £ s. d. Buildings .. .. 56 11 2 Gross profit, from Trading Account 4,892 5 6 Furniture .. .. 97 13 6 Linen, glassware, &c. .. 119 6 1 273 10 9 Insurance .. .. 46 16 1 Interest .. .. .. 254 6 0 Land-tax .. .. 21 17 6 Laundry.. .. .. 120 11 3 Rates . . .. .. 70 5 2 Repairs and maintenance 180 18 7 Staff— Superannuation .. 94 18 0 Wages and salaries .. 2,541 15 8 • Sundry trading expenses .. 252 5 0 , 3,583 13 3 3,857 4 0 Net profit .. .. .. 1,035 1 6 £4,892 5 6 " £4,892 5 6 Sundry Trading Expenses £ s. d. Advertising : Staff .. .. .. .. .. .. .. 303 Annual charges : Annual licences, P.O. box rental, telephone rentals, <frc. .. 75 6 8 Detail paper .. .. .. .. .. .. .. .. 104 Disinfectant .. .. .. .. .. .. .. 17 5 6 Electricity . . .. . . .. .. .. .. 62 6 8 Expenses, incidental (paper, string, &e.) .. .. .. .. 54 4 2 Flowers .. .. .. .. .. .. .. 16 4 3 Papers .. .. .. .. .. .. .. • 3 15 6 Printing and stationery .. .. .. .. .. .. .. 0 16 2 Signwriting .. .. .. .. .. .. .. .. 050 Stamps .. .. .. .. .. .. .. .. 3 10 6 Sundries .. .. .. .. .. .. .. 14 10 0 £252 5 0

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INVERCARGILL LICENSING TRUST—continued CECIL HOTEL Trading Account for the Year Ended 31st March, 1949 Stocks on hand, Ist April, Sales — £ s. d. £ s. d 1948 — £ s. d. £ s. d. Bar takings .. .. 7,535 8 6 Cellar .. .. 113 18 5 Board and residence .. 6,084 0 8 • Provisions .. .. 191 15 3 13,619 9 2 305 13 8 Purchases during year—• Cellar .. .. 3,250 18 10 Provisions .. .. 2,381 3 1 5,632 1 11 5,937 15 7 Less stocks on hand, 31st March, 1949 — Cellar .. .. 100 9 2 Provisions .. .. 139 17 0 240 6 2 Cost-price of goods sold .. .. 5,697 9 5 Gross profit .. .. .. 7,921 19 9 £13,619 9 2 £13,619 9 2 Profit and Loss Account for the Year Ended 31st March, 1949 Depreciation— £ s. d. £ s. d. £ s. d. Furniture .. .. 112 18 2 Gross pzofit, from Trading Account .. 7,92119 9 linen, glassware, &c. .. 280 18 5 393 16 7 Insurance .. .. 67 0 9 Interest .. .. 124 18 2 Laundry .. .. 269 8 0 Rent .. .. .. 750 0 0 Repairs and maintenance .. 239 1 1 StaffSuperannuation .. 127 3 0 Wages and salaries .. 3,419 4 1 Sundry trading expenses .. 281 15 6 5,278 10 7 5,672 7 2 Net profit .. .. .. 2,249 12 7 £7,921 19 9 £7,921 19 9 Sundry Trading Expenses Advertising— £s. d. £ s. -d. General .. .. .. .. .. .. .. 012 6 Staff .. .. .. .. .. .. -- ..309 3 13 3 Annual Charges : annual licences, P.O. box rental, telephone rentals, &c. .. .. 99 13 4 Detail paper .. .. .. .. .. .. .. .. 010 2 Disinfectant .. .. .. .. .. .. .... 20 7 3 Electricity .. .. .. .. .. .. .. 60 5 4' Expenses, incidental (paper, string, &c.) .. .. .. .. .. 0 6 5 Flowers .. .. .. .. .. .. .. 17 4 0 Papers .* .. .. .. .. .. .. 16 0 2 Printing and stationery .. .. .. .. .. .. 34 14 0 Signwriting .. .. .. .. .. .. .. 2 17 0 Stamps .. .. .. .. .. .. .. .. 300 Sundries .. .. .. .. .. .. .. 23 4 7 £2Bl 15 6

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INVERCARGILL LICENSING TRUST —continued DESCHLERS HOTEL Trading Account for the Year Ended 31st March, 1949 Stocks oil hand, Ist April, Sales— £ s . d. £ s. d. 1948 — £ s. d. £ s. d. Bar takings .. .. 15,145 12 0 Cellar .. .. 152 18 1 Board and residence .. 8,764 5 9 Provisions .. .. 267 211 23,909 17 9 420 1 0 ' Purchases during year— Cellar .. 8,271 18 5 Provisions .. .. 3,205 17 2 11,477 15 7 11,897 16 7 Less stocks on hand, 31st March, 1949 Cellar .. .. 170 19 5 Provisions .. .. 200 11 4 371 10 9 Cost-price of goods sold .. .. .. 11,526 510 Gross profit .. .. .. .. 12,383 11 11 £23,909 17 9 £23,909 17 9 Profit and Loss Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ g _ Depreciation— Gross profit, from Trading Account . 12 383 11 11 Buildings .. .. 123 3 6 Rent .. .. .. ' 78 0 0 Furniture .... 299 12 10 Linen, glassware, &c. .. 636 6 0 Plant .. .. 11 1 8 1,070 4 0 Insurance .. .. 93 3 11 Interest .. .. 554 18 9 Land-tax .. .. 71 17 6 Laundry .. .. 469 18 1 Rates * .. .. 214 9 0 Repairs and maintenance 745 12 7 StaffSuperannuation .. 93 5 1 Wages and salaries .. 5,823 8 6 Sundry trading expenses.. 562 7 5 — 8,629 010 9,699 4 10 Net profit .. 2,762 7 1 £12,461 11 11 ll 11 Sundry Trading Expenses Advertising: staff .. .. .. .. .. .. .. 17 *2 Annual charges : annual licences, P.O. box rentals, telephone rentals, &c. .. 151 8 4 Detail paper .. .. .. .. .. .. .. .. 110 6 Disinfectant .. .. .. .. .. .. .. .. 914 o Electricity . .. .. .. .. .. .. .. 164 10 8 Expenses, incidental (paper, string, <fcc.) .. .. .. .. .. 42 5 0 Flowers .. .. .. .. .. .. .. .. 17 11 9 Legal and valuation fees .. .. .. .. .. .. 3 5 6 Papers .. .. .. .. .. .. .. .. 51 9 4 Printing and stationery .. .. .. .. .. .. .. 31 2 3 Signwriting .. .. .. .. .. .. .. .. 1 15 7 Stamps .. .. .. .. .. ... .. 12 5 0 Sundries .. .. -. . .. .. .. .. 68 9 9 Toll charges .. .. .. .. .. .. .. .. 127 £562 7 5

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INVERCARGILL LICENSING TRUST—continued GRAND HOTEL Trading Account for the Year Ended 31st March, 1949 Stocks, on hand, Ist April, £ s. d. £ s. d. Sales — £ s. d. £ s. d. 1948 Bar takings .. .. 55,165 12 4 Cellar .. .. 902 0 0 Board and residence .. 22,526 3 6 Provisions .. .. 567 19 4 77,691.15 10 1,469 19* 4 Purchases during year— Cellar .. .. 33,011 710 Provisions .. .. 7,722 12 5 40,734 0 3 42,203 19 7 Less stocks on hand, 31st March, 1949 Cellar .. .. 760 18 4 Provisions .. .. 284 17 11 1,045 16 a Cost-price of goods sold .. .. .. 41,158 3 4 Gross profit .. .. .. .. 36,533 12 6 £77,691 15 10 £77,691 15 10 Profit and Loss Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Depreciation— Gross profit, from Trading Account 36,533 12 6 Furniture .. .. 1,479 11 11 Plant 646 19 4 Linen, glassware, &c. .. 1,685 9 2 3,812 0 5 Insurance .. .- 294 15 2 Interest .. . ■ 1,112 5 0 Land-tax .. .. 9 14 3 Laundry .. •• 1,113 411 Rent 5,434 6 0 Repairs and maintenance 1,183 311 Staff — Superannuation .. 239 9 10 Wages and salaries .. 16, 292 510 Sundry trading expenses.. 2,227 19 7 — 27,907 4 6 31,719 4 11 Net profit .. •• •• -- 4,814 7 7 £36,533 12 6 £36,533 12 6 Sundry Trading Expenses £ s. d. £ s. d. General .. .. .. ■■ ■ - ■ .. 5 18 4 Staff .. -. .• •• •• •■ ..38 18 5 44 16 9 Annual charges : annual licences, P.O. Box rental, telephone rentals, &c. .. 593 1 9 Detail paper .. .. .. .. .. ••. .. .. 5 18 Disinfectant .. .. .. .. .. .. .. ... 169 1 0 Electricity .. .. .. .. .. .. .. .. 573 6 3 Expenses, incidental (paper, string, &c.) .. .. .. .. .. 177 17 3 Flowers .. .. •. .. . • • • .. 50 1 6 Legal and valuation fees .. .. .. .. .. .. 6 19 6 Papers .. 202 9 4 Printing and stationery .. .. .. .. .. .. .. 179 7 3 Signwriting .. .. .. .. .. .. .. 19 1 0 Stamps .. .. • • • • • • • - • • 57 5 6 Sundries .. . - • • • • • • • • • • • • 149 10 10 £2,227 19 7

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INVERCARGILL LICENSING TRUST—continued SOUTHLAND HOTEL Trading Account for the Year Ended 31st March, 1949 Stocks on hand, Ist April, £ s. d. £ s. d. Sales- — £ s. d. £ s. d. 1948 — . Bar takings .. 17,236 10 4 Cellar .. .. 258 15 7 Board and residence .. 3,714 2 0 Provisions .. .. 121 13 11 20,950 12 4 — 380 9 6 Purchases during vear— Cellar ..* .. 11,020 18 9 Provisions .. .. 1,424 9 3 12,445 8 0 12,825 17 6 Less stocks on hand, 31st March. 1949 Cellar .. 299 0 10 Provisions .. .. 74 19 0 — 373 19 10 Cost-price of goods sold .. .. .. 12,451 17 8 Gross profit .. .. .. .. 8,498 14 8 £20,950 12 4 £20,950 12 4 Profit and Loss Account for the Year Ended 31st March, 1949 Depreciation— £ s. d. £ s. d. £ 3. d. Buildings .. .. 179 0 1 Gross profit, from Trading Account .. 8,498 14 1 8 Furniture. .. .. 154 3 1 Linen, glassware, <fcc. .. . 280 3 9 613 6 11 Insurance .. .. 104 6 3 Interest .. .. 680 12 0 Land-tax .. .. 5 0 0 Laundry .. .. 195 19 5 Rates .. .. .. 39 19 5 Repairs and maintenance 283 14 4 Staff— Superannuation .. • 35 11 3 Wages and salaries .. 3,477 8 6 Sundry trading expenses.. ' 461 8 1 5,283 19 3 5,897 6 2 Net profit .. .. .. .. 2,601 8 6 £8,498 14 8 £8,498 14 8 Sundry Trading Expenses Advertising— £ s. d. £ s. d. General .. .. .. .. .. .. 56 10 9 Staff, .. .. .. .. .. .. 579 6l 18 6 Annual charges : annual licences, P.O. box rental, telephone rentals, <fcc. .. 127 12 0 Detail paper .. .. .. .. .. .. .. .. 110 6 Disinfectant .. .. .. .. .. .. .. 21 11 9 Electricity .. .. .. .. .. .. .. 54 17 4 Expenses, incidental (paper, string, &c.) .. .. .. .. .. 77 8 0 Flowers .. .. .. .. .. .. .. 29 7 6 Pa*pers .. .. .. .. .. .. .. 37 8 7 Printing and stationery .. .. .. .. .. .. 15 3 6 Signwriting .. .. ~ .. .. .. .. ..250 Stamps .. .. .. .. .. .. .. .. 5 15 0 Sundries .. .. .. .. .. .. .. .. 26 4 ,2 Toll charges .. .. .. .. .. .. 063 £461 8 1

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INVERCARGILL LICENSING TRUST —continued BROWN OWL AND ELMWOOD GARDENS Trading Account for the Year Ended 31st March, 1949 Stocks on hand, Ist April, £ s. d. £ s. d. Sales — £ s. d. £ s. d. 1948 ' Liquor .. .. 5,351 13 7 . Cellar .. .. 436 10 0 Restaurant .. .. 12,958 9 7 Provisions .. .. 2,728 18 10 Cake-kitchen .. 7,608 9 2 3,165 810 Elmwood Gardens .. 7,861 0 8 Purchases during year— Milk-bar .. .. 5,340 10 0 Cellar .. .. 6,462 5 8 Wine-shop .. .. 5,555 0 3 Provisions .. .. 16,522 5 9 44,675 3 3 22,984 11 5 26,150 0 3 Less stocks on hand, 31st March, 1949 — Cellar .. .. 154 10 4 Provisions .. .. 2,333 14 6 — 2,488 410 Cost-price of goods sold .. .. .. 23,661 15 5 Gross profit .. 21,013 7 10 £44,675 3 3 £44.675 3 3 Profit and Loss Account for the Year Ended 31st March, 1949 Depreciation— £ s. d. £ s. d. £ s. d. . Furniture .. .. 710 610 Gross profit, from Trading Account .. 21,013 7 10 Linen, glassware, &c. .. 1,279 9 7 Rents .. .. .. .. 198 12 2 Plant .. .. 106 7 2 Net loss .. , 2,137 11 1 2,096 3 7 Insurance .. .. 212 18 1 Interest .. .. 550 17 0 Land-tax .. .. 5 19 Laundry .. .. 256 10 0 Rates .. .. .. 54 10 9 Rent ... .. 2,097 0 0 Repairs and maintenance 1,095 311 StaffSuperannuation .. 288 2 9 Wages and salaries .. 15,661 8 3 Sundry trading expenses .. 1,031 15 0 21,253 7 6 £23,349 11 1 ' £23,349 11 1 Sundry Trading Expenses Advertising— £ s. d. £ s. d. General .. .. .. .. .. .. 188 12 6 Staff .. .. .. .. .. .. 18 5 3 206 17 9 Annual charges : annual licences, P.O. box rental, telephone rentals, <ftc. .. 116 8 6 Detail paper .. .. .. .. .. .. .. .. 208 Disinfectant .. .. .. .. .. .. .. 75 16 5 Electricity .. .. .. .. .. .. .. .. 299 13 3 Expenses, incidental (paper, string, <fcc.) .. .. .. .. .. 990 Flowers .. .. .. .. .. .. .. ' ... 128 19 4 Papers . . .. .. .. .. .. .. .. 2 19 2 Printing and stationery .. .. .. .. .. .. 93 11 11 Signwr;ting .. .. .. .. .. .. .. .. 12 14 2 Stamps .. .. .. .. .. .. .. 12 5 4 Sundries .. .. .. .. .. .. .. 67 12 3 Tpll charges .. .. .. .. .. .. .. .. 373 £1,031 15 0

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INVERCARGILL LICENSING TRUST—continued APPLEBY HOTEL Trading Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Stock on hand, Ist April, Sales: bar takings .. .. .. 30,385 12 4 1948 : cellar .. .. 366 2 1 Purchases during year: cellar .. .. 19,995 15 1 20,361 17 2 Less stock on hand, 31st Marcli, 1949 : cellar .. .. . . .. 376 5 1 Cost-price of goods sold .. .. 19,985 12 1 Gross profit .. .. .. .. '10,400 0 3 £30,385 12 4 £30,385 12 4 Profit and Loss Account for the Year Ended 31st March, 1949 Depreciation— £ s. d. £ s. d £ s. d. Buildings .. .. 66 5 3 Gross profit, from Trading Account .. 10,400 0 3 Furniture .. .. 118 18 3 Glassware, &c. .. 103 7 0 2BB 10 6 Insurance .. .. 38 16 10 Interest .. .. 221 5 7 Land-tax .. .. 4 10 0 Laundry .. .. 33 13 0 Rates .. .. .. 20 19 5 Repairs and maintenance .. - 167 18 10 StaffSuperannuation 97 11 0 Wages and salaries .. 3,278 12 6 Sundry trading expenses .. 380 16 4 4,244 3 6 4,532 14 0 Net profit .. .. .. 5,867 6 3 £10,400 0 3 £10,400 0 3 Sundry Trading Expenses £ s. d. Annual ehaxges : annual licences, P.O. box rental, telephone rentals, <fcc. ... 71 1 8 Detail paper .. .. .. .. . .-' .. .. .. 3 10 Disinfectant .. .. .. .. .. .. .. 19 13 8 Electricity .. .. .. .. .. .. .. 38 18 9 Expenses, incidental (paper, string, &e.) .. .. .. .. .. 142 010 Flowers .. .. .. .. .. .. .. .. 'l9O Papers .. .. .. .. .. .. .. .. 316 Printing and stationery .. .. .. .. .. .. .. 0 11 8 Signwriting .. .. .. .. .. .. .. .. 0 10 0 Stamps .. .. .. .. .. .. .. .. 072 Sundries (includes fuel, £54 3s. 3d.) .. .. .. .. .. 100 1 1 £3BO 16 4

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INVERCARGILL LICENSING TRUST —continued CLYDE HOTEL Trading Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Stock oil hand, Ist April, Sales t bar takings .. .. .. 35,860 3 1 1948 : cellar .. .. 644 9 3 Purchases during year: cellar .. .. 22,933 310 23,577 13 1 Less stocks on hand, 31st March, 1949 : cellar .. 512 0 11 Cost-price of goods sold .. .. 23,065 12 2 - . Gross profit .. .. .. .. 12,794 10 11 £35,860 3 1 £35,860 3 1 Profit and' Loss Account for the Year Ended 31st March, 1949 Depreciation— £ 's. d. £ s. d. £ s. d. Buildings .. .. 140 3 10 Gross profit, from Trading Account .. 12,794 10 11 Furniture .. .. 143 10 4 Glassware. &c. .. 11l 15 3 395 9 5 Insurance .. .. 51 13 9 Interest .. .. 236 1 9 Land-tax .. .. 8 17 6 Laundry .. .. 50 18 9 Rates .. .. .. 42 5 2 Repairs and maintenance .. 103 8 11 - StaffSuperannuation .. 172 16 6 Wages and salaries .. 4,267 3 6 Sundry trading expenses .. 444 2 5 5,377 8 3 5,772 17 8 ' Net profit .. .. .. 7,021 13 3 £12,794 10 11 £12,794 10 11 Sundry Trading Expenses £ s. d. . Annual charges : annual licences, P.O. box rental, telephone rentals, &c. .. 88 5 0 Detail paper .. .. .. .. .. -. -- 414 Disinfectant .. .. < .. ~ .. .. ■ ■ .. 516 0 Electricity .. .. .. .. .. ■. . ■ 41 4 2 Expenses, incidental (paper, string, <frc.) .. .. .. .. .. 162 19 10 Papers .. ... .. .. .. ■. .. .. 3 16 0 Printing and stationery .. .. .. .. .. .. .. 0 18 2 Sigmvriting .. .. .. .. .. .. .. .. 050 Sundries (includes fuel, £25 10s. 6d.; meal concessions for staff, £45 55.) .. 136 16 11 £444 2 5

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INVERCARGILL LICENSING TRUST—continued KELVIN HOTEL Trading Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Stock on hand, Ist April, Sales: bar takings .. .. .. 57,749 1 Q 1948: cellar .. .. 545 8 2 Purchases during year .. 36,441 14 11 987 3 1 Less stock on hand, 31 St March. 1949 .. 576 0 2 Cost-price of goods sold .. . • 36,411 2 11 Gross profit .. .. .. 21,337 18 1 £57,749 1 0 £57,749 1 0 Profit anel Loss Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Depreciation— Gross profit, from Trading Account .. 21,337 18 1 Buildings .. .. 170 3 1 Furniture .. .. 170 22 Glassware, &c. .. 189 16 7 530 1 10 Insurance .. .. 63 3 3 Interest . . .. 288 18 2 Land-tax .. .. 46 5 0 Laundry .. .. 87 1 7 Rates 143 18 5 Rent .. .. .. 151 13 4 Repairs and maintenance .. 125 12 6 StaffSuperannuation .. 318 0 11 Wages and salaries .. 6,637 4 6 Sundry trading expenses .. 775 1 2 — 8,636 18 10 9,167 0 8 Net profit .. .. .. 12,170 17 5 £21,337 18 1 £21,337 18 1 Sundry Trading Expenses £ s. d. Annual charges : annual licences, P.O. box rental, telephone rentals, &c, .. 119 710 Detail paper .. .. .. .. .. .. .. .. 724 Disinfectant .. .. .. .. .. .. .. 48 ' 8 3 Electricity .. .. .. .. .. .. .. 47 6 5 Expenses, incidental (paper, string, &c.) .. ... .. .. .. 255 11 2 Legal fees ... .. .. .. .. .. .. 36 14 0 Papers .. .. .. .. .. .. .. ' I. 16 0 Printing and stationery .. .. .. .. .. .. . > 247 Signwriting .. .. .. .. .. .. .. .. 3 9 0 Sundries (includes fuel, £42 9s. Bd.; meal concessions for staff, £122 155.) .. 253 11 7 £775 1 2

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INVERCARGILL LICENSING TRUST—continued MARY STREET BOTTLE STORE Trading Account for the Year Ended 31st March, 1949 Stocks on hand, Ist April, £ s. d. £ s. d. £ s. d. 1948: cellar .. .. 197 15 8 Sales .. .. .. 6,658 3 7 Purchases during year .. 4,898 5 7 5,096 1 3 Less stock on hand, 31st March, 1949 245 13 3 Cost-price of goods sold .. .. 4,850 8 0 Gross profit .. .. .. 1,807 15 7 £6,658 3 7 £6,658 3 7 Profit and Loss Account for the Year Ended 31st March, 1949 Depreciation— £ s. d. £ s. d. £ s. d. Furniture .. .. 32 14 4 Gross profit, from Trading Account .. 1,807 15 7 Glassware, &c. .. .. 12 5 33 16 9 Insurance .. .. 2 14 0 Interest .. .. 19 5 0 Land-tax .. .. 0 19 9 Rent .. .. 156 0 0 Repairs and maintenance .. 4 0 6 StaffSuperannuation .. 24 18 9 Wages and salaries .. 443 3 4 Sundry trading expenses .. 108 3 9 759 5 1 793 1 10 Net profit .. .. .. 1,014 13 9 £1,807 15 7 £1,807 15 7 Sundry Trading Expenses £ s. d. Annual charges r annual licences, P.O. box rental, telephone rentals, &e. .. 51 0 0 Detail paper .. .. .. .. .. .. .. .. 010 2 Electricity .. .. .. .. .. .. .. .. 604 Expenses, incidental (paper, string, &c.) .. .. .. .. .. 39 7 0 Printing and stationery .. .. .. .. .. .. .. 0 1 11 ■ Sundries .. .. .. .. .. .. .. .. 11 4 4 £lOB 3 9

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INVERCARGILL LICENSING TRUST —continued NORTH INVERCARGILL BOTTLE STORE Trading Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Stock on hand, Ist April, Sales .. .. .. .. 9.343 9 1 1948 : cellar .. .. 142 16 11 Purchases during year .. 6,811 11 7 6,954 8 6 Less stock on hand, 31st March, 1949 .. 140 1 4 Cost price of goods sold .. .. 6,814 7 2 Gross profit .. .. .. .. 2,529 111 £9,343 9 1 £9,343 9 1 Profit and Loss Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Depreciation— Gross profit, from Trading Account .. 2,529 1 11 Furniture .. .. 34 8 7 Glassware, &c. .. .. 018 6 Plant .. .. .. 0 10 9 35 17 10 Insurance .. .. .. 13 0 7 Interest .. .. .. 17 12 0 Land-tax .. .. .. 0 7 8 Laundry Rent .. .. .. 130 0 0 Repairs and maintenance .. 17 10 10 StaffSuperannuation .. .. 29 5 0 Wages and salaries .. 557 10 2 Sundry trading expenses .. 128 15 2 — 894 1 5 929 19 3 Net profit .. .. .. .. 1,599 2 8 £2,529 1 11 £2,529 1 11 Sundry Trading Expenses ' £ s. d. Annual charges : annual licences, P.O. box rental, telephone rentals, &c- .. 51 0 0 Electricity .. .. .. .. .. .. .. .. 4 19 3 Expenses, incidental (paper, string. &c.) .. .. .. .. .. 60 11 6 Printing and stationery .. .. .. .. .. .. .. 0 1 11 Signwriting .. .. .. .. .. .. .. 050 Sundries .. .. .. " .. .. .. .. 11 17 6 £l2B 15 2

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INVERCARGILL LICENSING' TRUST—continued RUGBY PARK BOTTLE STORE Trading Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Stock on hand, Ist April, Sales .. .. .. .. 11,619 13 6 1948 : cellar .. .. 139 4 5 Purchases during year .. 8,590 3 3 8,729 7 8 Less stock on hand, >3lst March, 1949 .. 224 18 0 Cost-price of goods sold .. .. 8,504 9 8 Gross profit ". .. .. .. 3,115 310 £11,619 13 6 £11,619 13 0 Profit and Loss Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. . £ s. A. Depreciation— Gross profit from Trading Account .. 3,115 310 Buildings .. 32 10 1 . Rent .. .. .. .. 286 0 0 Furniture . . . . 24 7 8 Glassware, &c. .. .. 2 3 8 59 1 5 Insurance .. .. .. 15 2 1 Interest .. .. .. 121 6 0 Land-tax .. .. .. 10 12 6 Rates .. .. .. 34 10 1 Repairs and maintenance .. 123 4 0 StaffSuperannuation .. .. 24 17 3 Wages and salaries .. 542 6 8 Sundry trading expenses .. 152 1 9 1,024 0 4 1,083 1 9 Net profit .. .. .. .. 2,318 2 1 £3,401 3 10 £3,401 3 10 Sundry Trading Expenses" £ s. d. Annual charges : annual licences, P.O. box rental, telephone rentals, &c. .. 48 0 0 Detail paper .. .. .. .. .. .. .. .. 010 2 Disinfectant .. .. .. .. .. .. .. - .. 116 0 Electricity .. .. .. .. .. .. .. .. 9 17 0 Expenses, incidental (paper, string, &c.) .. .. .. .. .. 82 12 5 Printing and stationery .. .. .. .. .. .. .. 0 10 7 Signwriting .. .. .. .. .. .. .. .. 326 Sundries .. .. .. .. .. .. .. .. 5 13 1 £152 1 9

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INVERCARGILL LICENSING TRUST —continued SPEY STREET BOTTLE STORE Trading Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Stock on hand, Ist April, Sales .. .. .. .. 16,382 12 2 1948: cellar .. 429 IS 5 Purchases during year .. 11,747 6 9 12,177' 0 2 Less stock on hand, 31st March, 1949 .. .. 332 11 6 Cost-price of goods sold .. .. 11,844 8 8 Cross profit .. .. .. 4,488 3 6 £16,332 12 2 . £16,332 12 2 Profit and Loss Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Depreciation— Gross profit from Trading Account .. 4,488 3 6 Furniture .. .. 16 12 9 Glassware &c. .. .. 6 5 0 22 17 9 Insurance ...... 12 2 4 Interest .. .. 22 15 0 i Land-tax ...... 2 9 6 Rent .. .. .. 184 13 4 Repairs and maintenance .. 29 17 9 Staff— Superannuation .. .. 36 3 6 Wages and salaries .. 910 18 6 Sundry trading expenses .. 157 18 0 1,356 17 11 1,379 15 8 Net profit . . .. .. .. 3,108 7 10 £4,488 3 6 £4,488 3 6 Sundry Trading Expenses £ s. d. Annual charges : annual licences, P.O. box rental, telephone rentals, <fte. .. 51 10 0 Detail paper .. .. .. .. .. .. .. .. 010 2 Disinfectant .. .. .. .. .. .. .. .. 3 10 0 Electricity .. .. .. .. .. .. .. ... 16 15 0 Expenses, incidental (paper, string, &c.) .. .. .. .. 78 7 1 Printing and stationery .. .. .. .. .. .. 2 1 11 Sundries .. .. .. .. .. .. .. .. 5 3 10 £157 18 0

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INVERCARGILL LICENSING TRUST—-continued CECIL BUILDINGS Profit and Loss. Account for the Year Ended 31st March, 1949 Depreciation— £ s. d. £ s. d. Rents — £ s. d. £ s. d. Buildings .. .. 273 10 5 Tenants .. .. 2,130 410 Plant .. .. .. 23 2 3 Cecil Hotel .. .. 750 0 0 ■ 296 12 8 2,880 * 4 10 Insurance .. .. 46 5 7 Interest . .. .. 1,024 1 0 Land-tax .. .. 162 10 0 Rates .. .. .. 419 13 7 Repairs and maintenance .. 102 0 0 Sundry trading expenses .. 53 5 6 1,807 15 8 2.104 8 4 Net profit .. .. .. 775 16 6 £2,880 4 10 £2,880 4 10 Sundry Trading Expenses £ s. d. Legal and valuation fees .. .. .. .. .. 53 5 6 GRAND BUILDINGS Profit and Loss Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. Rents— • £ s. d. £ s. d. Depreciation: buildings .. .. 1,413 4 7 Tenants .. .. 884 14 6 Insurance .. .. 277 611 Grand Hotel .. .. 5,200 0 0 Interest.. .. .. 3,262 15 0 ——— 6,084 14 6 Land-tax . . .. 344 5 0 Rates .. .. .. 1,161 6 5 Repairs and maintenance .. 17 3 Sundry trading expenses .. 3 7 0 £6,463 12 2 . £6,463 12 2 Sundry Trading Expenses * £ s. d. Sundries .. .. .. .. .. .. .. .. ..370

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INVERCARGILL LICENSING TRUST— contiuned INVERCARGILL LICENSING TRUST BUILDINGS Profit and Loss Account for the Year Ended 31st March, 1949 Depreciation— £ s. d. £ .s. d. Rents— £ s. d. £ s. d. £ s. d. Buildings .. .. .. .. 1,535 1 4 Tenants .. .. .. 3,387 13 4 Plant . . .. .. .. 378 7 2 Brown Owl and Elmwood 1,913 8 6 Gardens— Insurance . . .. .. .. 136 17 0 Cake-kitchen . . .. 312 0 0 Interest .. .. .. .. 2,165 12 0 Milk-bar .. .. 624 0 0 Land-tax . . .. .. .. 419 17 6 Restaurant and Elmwood Rates .. .. .. .. .. 802 17 6 Gardens .. 1,040 0 0 Repairs and maintenance; .. .. 2,307 13 6 Wine-shop .. .. 39 0 0 Staff wages and salaries .. .. 547 3 3 " 2,015 Sundry trading expenses .. .. 394 3 0 __ 6,774 3 9 Net loss.. .. .. .. •• 3,284 18 11 £8,687 12 3 3

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INVERCARGILL LICENSING TRUST—continued INVERCARGILL LICENSING TRUST BUILDINGS —continued Sundry Trading Expenses £ s. d. Annual charges : annual licences, P.O. box rental, telephone rentals, &c. 49 0 4 Electricity .. .. .. .. .. .. .. 84 18 11 Legal and valuation fees .. .. .. .. .. 42 17 0 Si'gnwriting .. .. .. .. .. .. .. 215 6 Sundries (fuel).. .. .. .. .. .. .. 214 11 3 s £394 3 0

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INVERCARGILL LICENSING TRUST— continued HEAD OFFICE AND SUNDRY PROPERTIES Profit and Loss Account for the Year Ended 31st March, 1949

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: Head Office. Maintenance Department. Bulk Store. Sydney Street. Gala Street. Totals. Debit DepreciationBuildings Furniture Loose tools, &c. Trucks Audit fees Honoraria : Trust members Insurance Interest Land-tax Rates Rent Repairs and maintenance StaffSuperannuation Salaries and wages Sundry trading expenses .. Unauthorized expenditure Credit Cellar profit Dividend on shares Rents ... . . Net losses £ s. d. 75* 2 11 32 19 0 £ s. d. 41 11 1 12 19 4 24 3 8 £ s. d. 86 9 6 19 13 6 3 8 0 102 3 0 £ s. d. 20 12 10 £ s. d. 36 2 4 £ s. d. 184 15 9 107 15 9 60 10 8 102 3 0 108 1 11 254 18 6 1,040 17 0 42 14 2 216 9 6 204* 0 0 130 6 11 117 0 6 3,824 5 4 605 11 2 94 16 2 78 14 1 130 4 4 6 17 6 30 1 3 4 3 3 211 14 0 isi'lo 3 195 11 2 7 10 0 37 16 8 47' 3 8 39 0 0 1,611 10 4 71 12 0 20 12 10 64 13 4 9 2 6 26 12 3 4 19 7 36 2 4 2 18 7 89 10 1 20 10 0 60 14 10 86 17 3 455 5 2 254 18 6 1,040 17 0 177 3 0 696 8 5 44 0 0 155 5 0 204 0 0 273 10 8 156 0 6 5,435 15 8 677 3 2 94 16 2 £6,639 1 2 £250 0 5 £2,353 8 1 £126 0 6 £296 13' 1 £9,665 3 3 £ s. d. 487' 9 8 6,isi 11 6 £ s. d. 202 - 3 8 47 16 9 £ s. d. 1,428 5 0 925 3 1 £ s. d. 52' 0 0 74 0 6 £ s. d. 174 4 6 1-22 8 7 £ s. d. 1,428 5 0 487 9 8 428 8 2 7,321 0 5 £6,639 1 2 £250 0 5 £2,353 8 1 £126 0 6 £296 13 1 ' £9,665 3 3 1 1

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INVERCARGILL LICENSING TRUST —continued HEAD OFFICE AND SUNDRY PROPERTlES—continued Sundry Trading Expenses Advertising— £ s. d. £ s. d. General .. .. .. .. 13 3 6 Staff .. .. .. .. .. .. 19 10 8 32 14 2 Annual charges : annual licences, P.O. box rental, telephone rentals, &c. 61 511 Disinfectant .. .. .. .. .. .. .. 068 Electricity .. .. .. .. .. .. 44 14 9 Legal fees .. .. .. .. .. .. .. 246 Papers .. .. .. .. .. .. .. 160 Printing and stationery .. . . .. .. .. .. 247 15 8 Stamps .. .. .. . . . . .. 41 9 0 Sundries .. .. .. .. .. .. -. 181 17 6 Toll charges .. .. .. .. .. .. 22 11 3 Travelling-expenses .. .. .. .. .. 40 17 9 £677 3 2 Approximate Cost of Paper.—Preparation, not given printing (619 copies), £62 l(t<

By Authority: E. E. Owen, Government Printer, Wellington.—l 949.

Price 9d.]

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