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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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