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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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