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INVERCARGILL LICENSING TRUST—-continued CECIL BUILDINGS Profit and Loss. Account for the Year Ended 31st March, 1949 Depreciation— £ s. d. £ s. d. Rents — £ s. d. £ s. d. Buildings .. .. 273 10 5 Tenants .. .. 2,130 410 Plant .. .. .. 23 2 3 Cecil Hotel .. .. 750 0 0 ■ 296 12 8 2,880 * 4 10 Insurance .. .. 46 5 7 Interest . .. .. 1,024 1 0 Land-tax .. .. 162 10 0 Rates .. .. .. 419 13 7 Repairs and maintenance .. 102 0 0 Sundry trading expenses .. 53 5 6 1,807 15 8 2.104 8 4 Net profit .. .. .. 775 16 6 £2,880 4 10 £2,880 4 10 Sundry Trading Expenses £ s. d. Legal and valuation fees .. .. .. .. .. 53 5 6 GRAND BUILDINGS Profit and Loss Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. Rents— • £ s. d. £ s. d. Depreciation: buildings .. .. 1,413 4 7 Tenants .. .. 884 14 6 Insurance .. .. 277 611 Grand Hotel .. .. 5,200 0 0 Interest.. .. .. 3,262 15 0 ——— 6,084 14 6 Land-tax . . .. 344 5 0 Rates .. .. .. 1,161 6 5 Repairs and maintenance .. 17 3 Sundry trading expenses .. 3 7 0 £6,463 12 2 . £6,463 12 2 Sundry Trading Expenses * £ s. d. Sundries .. .. .. .. .. .. .. .. ..370

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