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INVERCARGILL LICENSING TRUST —continued SPEY STREET BOTTLE STORE Trading Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Stock on hand, Ist April, Sales .. .. .. .. 16,382 12 2 1948: cellar .. 429 IS 5 Purchases during year .. 11,747 6 9 12,177' 0 2 Less stock on hand, 31st March, 1949 .. .. 332 11 6 Cost-price of goods sold .. .. 11,844 8 8 Cross profit .. .. .. 4,488 3 6 £16,332 12 2 . £16,332 12 2 Profit and Loss Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Depreciation— Gross profit from Trading Account .. 4,488 3 6 Furniture .. .. 16 12 9 Glassware &c. .. .. 6 5 0 22 17 9 Insurance ...... 12 2 4 Interest .. .. 22 15 0 i Land-tax ...... 2 9 6 Rent .. .. .. 184 13 4 Repairs and maintenance .. 29 17 9 Staff— Superannuation .. .. 36 3 6 Wages and salaries .. 910 18 6 Sundry trading expenses .. 157 18 0 1,356 17 11 1,379 15 8 Net profit . . .. .. .. 3,108 7 10 £4,488 3 6 £4,488 3 6 Sundry Trading Expenses £ s. d. Annual charges : annual licences, P.O. box rental, telephone rentals, <fte. .. 51 10 0 Detail paper .. .. .. .. .. .. .. .. 010 2 Disinfectant .. .. .. .. .. .. .. .. 3 10 0 Electricity .. .. .. .. .. .. .. ... 16 15 0 Expenses, incidental (paper, string, &c.) .. .. .. .. 78 7 1 Printing and stationery .. .. .. .. .. .. 2 1 11 Sundries .. .. .. .. .. .. .. .. 5 3 10 £157 18 0

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