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INVERCARGILL LICENSING TRUST—continued APPLEBY HOTEL Trading Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Stock on hand, Ist April, Sales: bar takings .. .. .. 30,385 12 4 1948 : cellar .. .. 366 2 1 Purchases during year: cellar .. .. 19,995 15 1 20,361 17 2 Less stock on hand, 31st Marcli, 1949 : cellar .. .. . . .. 376 5 1 Cost-price of goods sold .. .. 19,985 12 1 Gross profit .. .. .. .. '10,400 0 3 £30,385 12 4 £30,385 12 4 Profit and Loss Account for the Year Ended 31st March, 1949 Depreciation— £ s. d. £ s. d £ s. d. Buildings .. .. 66 5 3 Gross profit, from Trading Account .. 10,400 0 3 Furniture .. .. 118 18 3 Glassware, &c. .. 103 7 0 2BB 10 6 Insurance .. .. 38 16 10 Interest .. .. 221 5 7 Land-tax .. .. 4 10 0 Laundry .. .. 33 13 0 Rates .. .. .. 20 19 5 Repairs and maintenance .. - 167 18 10 StaffSuperannuation 97 11 0 Wages and salaries .. 3,278 12 6 Sundry trading expenses .. 380 16 4 4,244 3 6 4,532 14 0 Net profit .. .. .. 5,867 6 3 £10,400 0 3 £10,400 0 3 Sundry Trading Expenses £ s. d. Annual ehaxges : annual licences, P.O. box rental, telephone rentals, <fcc. ... 71 1 8 Detail paper .. .. .. .. . .-' .. .. .. 3 10 Disinfectant .. .. .. .. .. .. .. 19 13 8 Electricity .. .. .. .. .. .. .. 38 18 9 Expenses, incidental (paper, string, &e.) .. .. .. .. .. 142 010 Flowers .. .. .. .. .. .. .. .. 'l9O Papers .. .. .. .. .. .. .. .. 316 Printing and stationery .. .. .. .. .. .. .. 0 11 8 Signwriting .. .. .. .. .. .. .. .. 0 10 0 Stamps .. .. .. .. .. .. .. .. 072 Sundries (includes fuel, £54 3s. 3d.) .. .. .. .. .. 100 1 1 £3BO 16 4

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