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INVERCARGILL LICENSING TRUST—continued KELVIN HOTEL Trading Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Stock on hand, Ist April, Sales: bar takings .. .. .. 57,749 1 Q 1948: cellar .. .. 545 8 2 Purchases during year .. 36,441 14 11 987 3 1 Less stock on hand, 31 St March. 1949 .. 576 0 2 Cost-price of goods sold .. . • 36,411 2 11 Gross profit .. .. .. 21,337 18 1 £57,749 1 0 £57,749 1 0 Profit anel Loss Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Depreciation— Gross profit, from Trading Account .. 21,337 18 1 Buildings .. .. 170 3 1 Furniture .. .. 170 22 Glassware, &c. .. 189 16 7 530 1 10 Insurance .. .. 63 3 3 Interest . . .. 288 18 2 Land-tax .. .. 46 5 0 Laundry .. .. 87 1 7 Rates 143 18 5 Rent .. .. .. 151 13 4 Repairs and maintenance .. 125 12 6 StaffSuperannuation .. 318 0 11 Wages and salaries .. 6,637 4 6 Sundry trading expenses .. 775 1 2 — 8,636 18 10 9,167 0 8 Net profit .. .. .. 12,170 17 5 £21,337 18 1 £21,337 18 1 Sundry Trading Expenses £ s. d. Annual charges : annual licences, P.O. box rental, telephone rentals, &c, .. 119 710 Detail paper .. .. .. .. .. .. .. .. 724 Disinfectant .. .. .. .. .. .. .. 48 ' 8 3 Electricity .. .. .. .. .. .. .. 47 6 5 Expenses, incidental (paper, string, &c.) .. ... .. .. .. 255 11 2 Legal fees ... .. .. .. .. .. .. 36 14 0 Papers .. .. .. .. .. .. .. ' I. 16 0 Printing and stationery .. .. .. .. .. .. . > 247 Signwriting .. .. .. .. .. .. .. .. 3 9 0 Sundries (includes fuel, £42 9s. Bd.; meal concessions for staff, £122 155.) .. 253 11 7 £775 1 2

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