H—24a

MASTERTON LICENSING TRUST Trading and Profit and Loss Account for the Year ended 31st March, 1949 £ Sales .. .. .. .. .. .. .. .. 77,760 Deduct cost of goods sold .. .. .. .. .. .. .. 48,859 Leaving gross profit of .. .. .. .. .. .. .. 28,901 Add permit fees received .. .. .. .. .. .. .. .. 6 28,907 Deduct — £ Balance of expenses incurred in previous period carried forward, 31st March, 1948 705 Bottle and bulk store expenses— £ Wages .. .. .. .. .. .. .. 2,702 Rents .. .. .. .. .. .. .. 617 Wrapping .. .. .. .. .. .. .. 380 Freight and cartage .. .. .. .. ~ .. 602 Fire, loss of profits, and other insurances .. .. .. 205 General trade expenses, including licence fees, power, and laundry .. 403 Depreciation on equipment . . .. . . .. .. 63 Proportion of cost of temporary alterations to leased premises written off 1,318 6,290 Administration and management expenses— £ Salaries .. .. .. .. .. .. .. 1,822 Trust members' honoraria .. .. .. .. 1,050 Rent, rates, and insurances .. .. .. .. .. 466 Postages and telephones .. .. .. T. .. 98 Stationery .. .. .. .. .. .. .. 308 Advertising .. .. .. .. .. .. .. 57 Members' travelling-allowances .. .. .. ;. .. 137 Legal expenses .. .. .. .. .. .. 92 Internal Affairs Department: Election expenses .. .. .. 360 General administration expenses, including power, cleaning, stalf travellingexpenses, and audit fees .. .. .. .. .. 401 Depreciation on office equipment .. .. .. .. 21 4,812 Financial expenses : Interest on overdraft and advances .. .. .. 387 Non-recurring expenses : Valuation fees, structural engineers, and legal fees and stamp duty on properties purchased .. . . .. .. .. 856 Unauthorized expenditure Total expenses deducted .. .. .. .. .. .. .. 13,050 Leaving net trading profit before providing for taxes .. .. .. .. 15,857 Deduct — Provision for income-tax and social security charges .. .. .. .. 10,032 Leaving net profit after providing for taxes carried forward to next year .. £5,825 (N.B. —Shillings and pence omitted)

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