H—24

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

17