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INVERCARGILL LICENSING TRUST —continued CLYDE HOTEL Trading Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Stock oil hand, Ist April, Sales t bar takings .. .. .. 35,860 3 1 1948 : cellar .. .. 644 9 3 Purchases during year: cellar .. .. 22,933 310 23,577 13 1 Less stocks on hand, 31st March, 1949 : cellar .. 512 0 11 Cost-price of goods sold .. .. 23,065 12 2 - . Gross profit .. .. .. .. 12,794 10 11 £35,860 3 1 £35,860 3 1 Profit and' Loss Account for the Year Ended 31st March, 1949 Depreciation— £ 's. d. £ s. d. £ s. d. Buildings .. .. 140 3 10 Gross profit, from Trading Account .. 12,794 10 11 Furniture .. .. 143 10 4 Glassware. &c. .. 11l 15 3 395 9 5 Insurance .. .. 51 13 9 Interest .. .. 236 1 9 Land-tax .. .. 8 17 6 Laundry .. .. 50 18 9 Rates .. .. .. 42 5 2 Repairs and maintenance .. 103 8 11 - StaffSuperannuation .. 172 16 6 Wages and salaries .. 4,267 3 6 Sundry trading expenses .. 444 2 5 5,377 8 3 5,772 17 8 ' Net profit .. .. .. 7,021 13 3 £12,794 10 11 £12,794 10 11 Sundry Trading Expenses £ s. d. . Annual charges : annual licences, P.O. box rental, telephone rentals, &c. .. 88 5 0 Detail paper .. .. .. .. .. -. -- 414 Disinfectant .. .. < .. ~ .. .. ■ ■ .. 516 0 Electricity .. .. .. .. .. ■. . ■ 41 4 2 Expenses, incidental (paper, string, <frc.) .. .. .. .. .. 162 19 10 Papers .. ... .. .. .. ■. .. .. 3 16 0 Printing and stationery .. .. .. .. .. .. .. 0 18 2 Sigmvriting .. .. .. .. .. .. .. .. 050 Sundries (includes fuel, £25 10s. 6d.; meal concessions for staff, £45 55.) .. 136 16 11 £444 2 5

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