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INVERCARGILL LICENSING TRUST— contiuned INVERCARGILL LICENSING TRUST BUILDINGS Profit and Loss Account for the Year Ended 31st March, 1949 Depreciation— £ s. d. £ .s. d. Rents— £ s. d. £ s. d. £ s. d. Buildings .. .. .. .. 1,535 1 4 Tenants .. .. .. 3,387 13 4 Plant . . .. .. .. 378 7 2 Brown Owl and Elmwood 1,913 8 6 Gardens— Insurance . . .. .. .. 136 17 0 Cake-kitchen . . .. 312 0 0 Interest .. .. .. .. 2,165 12 0 Milk-bar .. .. 624 0 0 Land-tax . . .. .. .. 419 17 6 Restaurant and Elmwood Rates .. .. .. .. .. 802 17 6 Gardens .. 1,040 0 0 Repairs and maintenance; .. .. 2,307 13 6 Wine-shop .. .. 39 0 0 Staff wages and salaries .. .. 547 3 3 " 2,015 Sundry trading expenses .. .. 394 3 0 __ 6,774 3 9 Net loss.. .. .. .. •• 3,284 18 11 £8,687 12 3 3

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