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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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