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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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