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INVERCARGILL LICENSING TRUST—continued MARY STREET BOTTLE STORE Trading Account for the Year Ended 31st March, 1949 Stocks on hand, Ist April, £ s. d. £ s. d. £ s. d. 1948: cellar .. .. 197 15 8 Sales .. .. .. 6,658 3 7 Purchases during year .. 4,898 5 7 5,096 1 3 Less stock on hand, 31st March, 1949 245 13 3 Cost-price of goods sold .. .. 4,850 8 0 Gross profit .. .. .. 1,807 15 7 £6,658 3 7 £6,658 3 7 Profit and Loss Account for the Year Ended 31st March, 1949 Depreciation— £ s. d. £ s. d. £ s. d. Furniture .. .. 32 14 4 Gross profit, from Trading Account .. 1,807 15 7 Glassware, &c. .. .. 12 5 33 16 9 Insurance .. .. 2 14 0 Interest .. .. 19 5 0 Land-tax .. .. 0 19 9 Rent .. .. 156 0 0 Repairs and maintenance .. 4 0 6 StaffSuperannuation .. 24 18 9 Wages and salaries .. 443 3 4 Sundry trading expenses .. 108 3 9 759 5 1 793 1 10 Net profit .. .. .. 1,014 13 9 £1,807 15 7 £1,807 15 7 Sundry Trading Expenses £ s. d. Annual charges r annual licences, P.O. box rental, telephone rentals, &e. .. 51 0 0 Detail paper .. .. .. .. .. .. .. .. 010 2 Electricity .. .. .. .. .. .. .. .. 604 Expenses, incidental (paper, string, &c.) .. .. .. .. .. 39 7 0 Printing and stationery .. .. .. .. .. .. .. 0 1 11 ■ Sundries .. .. .. .. .. .. .. .. 11 4 4 £lOB 3 9

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