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INVERCARGILL LICENSING TRUST—continued Schedule of Departmental Net Profits and Losses

Statement Showing Yearly Turnover, Net Profit, and Allocations of Net Profit

Approximate Cost oj Paper.—Preparation, not given; printing (659 copies). £l5 10s.

By Authority: R. E, Owen ; Government Printer, Wellington, —1950, Price 6d.]

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Net Net Profits. Losses. Hotels— £ £ A venal .. .. .. ... 1,879 Cecil .. .. . . 2,954 Deschlers 5,467 Grand .. .. 16,156 Southland .. . . .. 4,809 Appleby 7,423 Clyde . 7,434 Kelvin .. .. .. 11,737 Bottle-stores — Mary Street 1,587 North Invercargill .. • • « 2,148 Rugby Park 3,057 Spey Street 4,161 Brown Owl Restaurant 1,999 Head Office 6,816 PropertiesCecil Buildings 730 Grand Buildings 147 Trust Buildings . .. .. 23 Bulk store ... .. 1,992 Maintenance Department 461 Gala Street .. :.. .. ... 48 Sydney Street .. .. ... 70 69,689 11,409 11,409 Total net profit as per Combined Profit and £58,280 Loss Account j (Figures adjusted to nearest pound.)

Year Ending Turnover. Net Profit. Thirty Per Cent. Special Depreciation. Transfers to Taxation Reserve Account. Profit Distributed as Donations. Transfers to General Reserve Account. £ £ £ £ £ £ 31st March, 1945 139,129 22,360 17,235 5,125 31st March, 1946 260,561 32,961 20,911 6,050 6,000 31st March, 1947 313,556 26,562 13j 199 9,057 3,340 966 31st March, 1948 345,991 27,54810,072 11,753 2,200 3,523 31st March, 1949 360,610 34,216 8,236 16,100 2,351 7,529 31st March, 1950 396,771 58,280 7,822 27,500 5,000 17,958 1,816,618 201,927 39,329 102,556 18,941 41,101