INVERCARGILL LICENSING TRUST FOURTH ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH, 1948

Appendix to the Journals of the House of Representatives, 1948 Session I, H-24

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1948 NEW ZEALAND

INVERCARGILL LICENSING TRUST FOURTH ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH, 1948

Presented to both Houses of the General Assembly 'pursuant to the Invercargill Licensing Trust Act, 19M, Section 28

On completion of our first four-year term, the members of the Trust can report progress with increased turnover. The renovations and improvements to our leading hotel, the Grand, are nearing completion, seven de-luxe rooms having been added, leaving only eight more de-luxe rooms to finish the job and make the Grand Hotel one of the leading hotels in the Dominion as regards its furnishings, amenities, &c. Unfortunately, owing to our extremely low tariffs, we are dependent on the sale of liquor to make our accommodation hotels pay. The Price Tribunal have intimated that they will consider our case, and we have every hope that a general increase will be given. Two bottlestores have been opened, one in North Invercargill, and the other in Bast Invercargill, areas not at present served by hotel bars, and they have justified their opening. Large numbers of the public who were in the habit of purchasing their supplies from outside sources are now obtaining them from the Trust. There is still a lack of good accommodation for the travelling public, and hopes are entertained that permits for the alterations and improvements to the Avenal Hotel, and possibly our first-class tourist hotel in Gala Street, may be granted.

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The following are premises acquired, built, or renovated during our first four years £ s. d. Appleby Hotel in 1944-45 : Cost of land and building 2,500 13 0 Bars only. A venal Hotel in 1945-46 : Cost of land and building .. 5,000 0 0 Bars and accommodation for eighteen. Cecil Hotel in 1945-46 : Cost of land and building .. 30,006 0 0 Bars, shop, and 21 bedrooms. Clyde Hotel in 1944-45 : Cost of land and building .. 7,122 0 0 Bars only. Deschler Hotel in 1945-46 : Cost of land, building, and furniture .. .. .. .. .. 16,000 0 0 Bar, shop, and 38 bedrooms. Grand Hotel in 1944-45 : Cost of land, building, and furniture .. .. .. .. .. 51,250 0 0) Grand Hotel and Federal portion in 1945-46 : Land and and 69 bedrooms. building .. .. .. .. .. 11,000 0 0J Kelvin Hotel in 1944-45 : Cost of building .. .. 6,227 11 6 Bars only. Rugby Park corner in 1946-47 : Cost of land and building 3,000 0 0 Shop and bottle-store. Southland Hotel in 1946-47 : Cost of land and building 16,573 18 9 Bar and 12 bedrooms. Tyne Street Store : Cost of land and building .. 6,488 1 3 \ Bottle-store and mainWaitaki Store : Cost of land and building .. . . 3,000 0 0j tenance depot. Newberghs Buildings in 1944-45: Cost of land and building 43,750 0 0 Offices and trust headquarters. Brown Owl Restaurant and Elmwood Gardens in 1944-45 .. .. .. .. .. 21,200 0 0 Hall, restaurant, milk-bar, cake-shops, cabaret, and banquet-hall. Two houses in Gala Street: Cost of land and building .. 2,590 0 0 Site for new hotel. St. Andrew Street house section : Cost of land and building .. .. .. .. .. 1,853 10 0 Site for new hotel. Lind and Twinen : Cost of land and building .. 10,520 0 0 Shops and restaurant kitchen. Finance As at 31st March, 1948, the balance owing the bank is £293,533 3s. 2d. Book value of assets stands at £388,457 3s. and if licence value taken on a turnover of £352,189 ss. 6d. is considered, our assets should be worth at least £600,000. Turnover for the year 1946-47 was £319,288 19s. 3d. The taxable profit for the year is £19,205 2s. lOd. After allowing for income-tax (estimated) £10,312 3s. lOd. ; social security charge £1,400 7s. 9d.; and special depreciation on plant and buildings £10,072 os. Bd., the net profit left is £5,722 17s. 2d. The proposed debenture issue to cover the Trust's present and future indebtedness is still under consideration, but some members are of the opinion that the issue should be withheld until at least another hotel has been erected. During the year £67,956 9s. lOd. has been paid in wages to staff and £914 lis. Id. to staff superannuation. Wage increases as from October last amounted to £75 per week, and these, with other rising costs, have resulted in very little more profit than last year, although the turnover has increased considerably. Southland Brewery This brewery is now in a very flourishing position, and the Trust, as well as being a large shareholder, takes the bulk of their output. Members await with interest the outcome of the Licensing Commission's report regarding control of breweries. Members are of the opinion that before Trust control can be impartially judged, sole distribution of sales of liquor in the Invereargill area should be under one management. Distribution of Profits As the term of the proposed debenture issue has not been decided, members are apprehensive about distributing any large amount of profits in the meantime. Some members consider that liquidation of the Trust's indebtedness should not be attempted

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in the usual period prescribed by the Loans Board for local bodies and that the profits earned should be distributed to the Southland Province in the proportion of up to 50 per cent distribution to 50 per cent, sinking fund. Grants made during the year were as follows : the Boy Scouts Association, £l,lOO ; the Royal New Zealand Society for the Health of Women and Children (Plunket Society), £lOO ; the Workers' Educational Association, £lOO ; the Southland Competitions Society, £250 ; the Women's Division of the New Zealand Farmers' Union (Inc.), £5OO ; Southland Men's Hockey Association, £lOO ; the Band of the First Battalion Southland Regiment, £2OO ; the Invercargill Civic Band Society, £200; the Caledonian Pipe Band and Invercargill Ladies' Pipe Band, £2OO (between them); the Southland Regional Planning Council, £2OO ; the Waikiwi Sports Association, £lOO ; the Southland Bowling Centre, £250 ; the Invercargill Amateur Cycling Club, £2OO ; the Borstal Institution (Welfare Fund), £lOO : total, £3,600. General The behaviour in our hotels has been good, and great credit has to be given to our managers and staff, who endeavour to carry out the aims of the Trust. Overcrowding during rush hours is obviously the greatest hindrance to complete supervision, but every effort is made to prohibit over-indulgence. The laudatory comments of the travelling public concerning our accommodation hotels have been heartily appreciated by members and staff, and we feel convinced that public control of licensed hotels with return of profits to patrons has much to commend it. Staff A word of praise is due to our various staffs, who are now becoming much more experienced in the management of hotels. Prices The new Price Order just recently brought into force does not affect our Trust hotels, as from the beginning our prices, in the main, have been lower than elsewhere. H. Ritchie, Chairman.

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INVERCARGILL LICENSING TRUST Trading Account for the Year ended 31st March, 1948

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— Avenal Hotel. Cecil Hotel. Deschler Hotel. Grand Hotel. Southland Hotel. Dr. Stocks as at 1st April, 1947 — Cellar Provisions Purchases — Cellar Provisions Gross profit Cr. Bar takings .. .. Board and residence Restaurant Rents, &c. Stocks as at 31st March, 1948— Cellar Provisions £ s. d. 79 19 9 76 11 9 5,620 19 0 1,252 7 11 4,963 4 0 £ s. d. 79 9 10 113 12 11 3,106 6 10 2,020 11 4 8,772 14 3 £ s. d. 120 7 7 361 11 2 4,123 18 7 3,540 11 4 8,742 11 0 £ s. d. 1,008 15 7 508 19 9 35,880 9 1 7,477 10 5 36,472 0 10 £ s. d. 231 19 9 110 10 4 9,387 15 8 1,281 17 4 7,332 10 9 11,993 2 5 14,092 15 2 16,888 19 8 81,347 15 8 18,344 13 10 £ s. d. 9,319 2 3 2,395 13 5 175 7 7 102 19 2 £ s. d. 6,919 16 10 4,983 6 7 1,883 18 1 113 18 5 191 15 3 £ s. d. 8,201 0 4 8,189 18 4 78' 0 0 152 18 1 267 2 11 £ s. d. 58,666 10 9 20,323 10 11 887'14 8 902 0 0 567 19 4 £ s. d. 14,616 11 1 3,347 13 3 258 15 7 121 13 11 11,993 2 5 14,092 15 2 16,888 19 8 81,347 15 8 18,344 13 10 Brown Owl Restaurant. Appleby Hotel. Clyde Hotel. Kelvin Hotel. Mary Street Bottle-store. Dr. Stocks as at 1st April, 1947 — Cellar Provisions Purchases — Cellar Provisions Gross profit Cr. Bar takings Board ana residence Restaurant Rents, &c. Stocks as at 31st March, 1948— Cellar Provisions £ s. d. 159 16 6 1,717 9 3 5,200 16 7 18,154 1 2 22,755 14 1 £ s. d. 291 13 11 19 7 2 20,604 4 10 70 7 0 10,276 1 7 £ s. d. 571 16 2 12 14 3 26,282 14 1 115 18 5 13,768 12 5 £ s. d. 568 6 10 14 13 0 36,747 17 0 244 6 0 20,631 19 5 £ s. d. 2,224 5 5 788,19 9 47,987 17 7 31,261 14 6 40,751 15 4 58,207 2 3 3,013 5 2 £ s. d. 9,400 1 9 32,320 17 9 3,101 9 3 436 10 0 2,728 18 10 £ s. d. 30,882 2 5 1310 0 366 2 1 £ s. d. 40,107 6 1 644 9 3 £ s. d. 57,661 14 1 545 8 2 £ s. d. 2,815 9 6 197 15 8 47,987 17 7 31,261 14 6 40,751 15 4 58,207 2 3 3,013 5 2 North Invercargill Bottle-store. Rugby Park Bottle-store. Spey Street Bottle-store. Head Office. Totals. Dr. Stocks as at 1st April, 1947 — Cellar Provisions Purchases — Cellar Provisions Gross profit Cr. Bar takings Board and residence .. Restaurant Rents, &c. Stocks as at 31st March, 1948 — Cellar Provision £ s. d. 3,138 8 4 17 3 1,094 9 1 £ s. d. 205 5 3 8,369 18 10 2 0 8 3,429 16 10 £ s. d. 425 7 7 14,466 8 3 5,65210 10 £ s. d. £ s. d. 3,742 18 9 2,935 9 7 175,154 2 6 34,160 18 10 144,681 4 10 4,234 4 8 12,007 1 7 20,544 6 8 360,674 14 6 £ s. d. 4,091 7 9 142 16 11 £ s. d. 11,634 7 2 233 10 0 139 4 5 £ s. d. 20,114 13 3 429 13 5 £ s. d. £ s. d. 274,430 3 3 39,240 2 6 32,320 17 9 6,198 2 0 4,504 19 7 3,980 9 5 4,234 4 8 12,007 1 7 20,544 6 8 360,674 14 6

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INVERCARGILL LICENSING TRUST—continued Profit and Loss Account for the Year ended 31st March, 1948

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— Avenal Hotel. Cecil Hotel. Deschler Hotel. Grand Hotel. Southland Hotel. Dr. Wages : Staff Salary: Manager Honoraria : Trust members Superannuation subsidyExpenses Cartage and freight Truck-running Furniture replacement Maintenance Rents, rates, insurance Interest Laundry Land-tax Depreciation— Buildings Furniture Plant Trucks Unauthorized expenditure Net profit Cr. Gross profit Net loss £ s. d. 1,827 17 11 481 17 4 320 10 8 7 16 6 88* 6 8 261 14 2 121 13 6 234 12 6 136 13 9 81 10 0 114 15 10 1,285'15 2 £ s.' d. 2,098 12 3 632 15 0 249'16 7 11519 11 385 0 11 544 8 3 1,026 0 8 228 18 3 275 2 5 98 12 8 121 0 1 2,996' 7 3 £ s. d. 4,756 17 10 681 9 6 683'14 2 4 19 6 528' 9 3 444 16 4 329 19 6 565 17 1 258 10 3 207 15 2 180 7 11 27 3 1 7211 5 £ s. d. 13,814 19 5 1,193 2 11 2,480 9 4 20 18 3 2,545' 8 8 746 2 5 2,065 11 1 4,379 2 1 896 1 9 1,267 7 2 607 19 4 784 5 8 5,67012 9 £ s. d. 2,898 12 6 487 10 0 508 13 9 16 8 4 196 17 11 193 8 11 173 1 11 705 9 5 161 8 7 178 17 2 161 2 6 1,650 19 9 4,963 4 0 8,772 14 3 8,742 11 0 36,472 0 10 7,332 10 9 £ S. d. 4,963 4 0 £ s. d. 8,772 14 3 £ s. d. 8,742 11 0 £ s. d. 36,472 0 10 £ s. d. 7,332 10 9 4,963 4 0 8,772 14 3 8,742 11 0 36,472 0 10 7,332 10 9 Brown Owl Restaurant. Clyde Hotel. Kelvin Hotel. Mary Street Bottle-store. Dr. Wages: Staff .. .. Salary: Manager Honoraria: Trust members Superannuation subsidy Expenses Cartage and freight Truck-running Furniture replacement Maintenance Rents, rates, insurance Interest Laundry Land-tax .. .. Depreciation— Buildings Furniture Plant Trucks Unauthorized expenditure Net profit v Cr. Gross profit Net loss £ s. d. 15,139 16 5 812 10 0 1,642* 5 9 205 16 7 1,739' 2 1 465 3 4 1,250 5 1 2,442 0 6 268 10 0 642 0 9 501 5 2 67 12 6 £ s. d. 2,649 13 2 460 8 4 310 18 11 10 0 145" 1 5 366 8 3 59 13 4 215 12 4 30 4 1 66 5 8 103 6 10 5,867' 9 3 £ s. d. 3,997 0 2 555 0 2 412' 4 2 0 9 9 226' 0 8 219 7 6 106 10 11 302 5 5 55 5 11 172 18 1 154 5 10 7,567' 3 10 £ s. d. 5,393 15 1 971 6 4 427"l2 6 6 13 6 345 14 8 132 19 6 479 13 4 310 19 11 76 0 5 170 3 1 176 11 11 12,140' 9 2 £ s. d. 156 18 7 74 16 11 65 2 9 66 8 3 12 0 0 ie 13 1 397 0 2 25,176 8 2 10,276 1 7 13,768 12 5 20,631 19 5 788 19 9 £ s. d. 22,755 14 1 2,420 14 1 £ s. d. 10,276 1 7 £ s. d. 13,768 12 5 £ s. d. 20,631 19 5 £ s. d. 788 19 9 25,176 8 2 10,276 1 7 13,768 12 5 20,631 19 5 788 19 9

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INVERCARGILL LICENSING TRUST—continued Profit and Loss Account for the Year ended, 31st March, 1948—continued

Dr. £ s. d. Cr. £ s. d. Net losses brought down .. 17,499 15 4 Net profits brought down .. 45,047 4 9 Balance to Profit and Loss Appropriation Account .. 27,547 9 5 £45,047 4 9 £45,047 4 9 Profit and Loss Appropriation Account £ s. d. £ s. d. Donations allocated in 1947-48 .. 3,340 0 0 Balance brought down, Ist April, Sports Centre Donation Reserve 3,750 0 0 1947 .. .. .. 19,180 13 10 General Reserve .. .. 12,090 13 10 £19,180 13 10 £19,180 13 10 £ s. d. £ s. d. Special depreciation on plant and Net profit, 1947-48 .. .. 27,547 9 5 buildings .. .. .. 10,072 0 8 Provision for income and social security tax .. .. 11,752 11 7 Balance .. .. .. 5,722 17 2 £27,547 9 5 £27,547 9 5

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— North Invercargill Bottle-store. Rugby Park Bottle-store. Spey Street Bottle-store. Head Office. Totals. Dr. Wages: Staff Salary : Manager Honoraria: Trust members Superannuation subsidy Expenses Cartage and freight Truck-running Furniture replacement Maintenance Bents, rates, insurance Interest Laundry Land-tax Depreciation— Buildings Furniture Plant Trucks Unauthorized expenditure Net profit Cr. Gross profit Net loss .. .. £ s. d. 210 15 . 0 85 16 8 0 6 0 014 9 78 1 7 70 13 1 12 3 3 1617 6 619' 1 3 £ s. d. 640 12 4 136' 8 10 1 12 9 4 2 6 97 17 7 49 12 2 108 10 3 41 18 1 24 9 6 2,324 12 10 £ s. d. 827 19 2 156 17 11 3' 8 5 15 13 1 167 0 0 8 0 8 18' 9 8 4,455' 1 11 £ s. d. 4,154 11 4 1,087 7 1 1,025 2 0 914 11 1 2,070 16 8 4.100 2 11 453 2 2 63 9 11 611 11 10 538 5 8 704 1 11 i,ooi'n 6 192 3 11 95 12 0 127 13 8 85 4 7 £ s. d. 58,568 1 2 7,363 6 8 1,025 2 0 914 11 1 9,561 2 10 4,366 4 1 453 2 2 6,002 16 10 4,083 8 2 6,022 16 1 11,026 16 0 2,111 13 0 1,001 11 6 3,296 1 6 2,270 9 9 1,000 1 4 127 13 8 85 4 7 45,047 4 9 1,094 9 1 3,429 16 10 5,652 10 10 17,225 8 3 164,327 7 2 £ s. d. 1,094 9 1 £ s. d. 3,429 16 10 £ s. d. 5,652 10 10 £ s. d. 2,146 7 0# 15,079 1 3 £ s. d. 146,827 11 10 17,499 15 4 1,094 9 1 3,429 16 10 5,652 10 10 17,225 8 3 164,327 7 2 * Cellar and Goods Account, £1,620 9s. lid. Dividend Account, £250 ; rents, £260 7s. 3d.; refunds, £15 9s. lOd.

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INVERCARGILL LICENSING TRUST—continued Balance-sheet as at 31st March, 1948

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Avenal Cecil 1 Deschler Grand Southland Hotel. Hotel. Hotel. Hotel. Hotel. Liabilities £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Bank ., Less cash in hand 28 7 10 33 18 6 76'l7 10 327 14 0 89 0 4 Frank Holloway Lighting Fund Sundry creditors 194 14 4 221. 4 2 747 18 0 1,863 11 0 482 8 5 Property Acquisition Adjustment Account Depreciation Reserves— Furniture 274 13 7 255 2 4 511 0 4 1,466 5 3 235 13 6 Trucks Buildings 235'15 10 i,ooi'n 7 2,117' 9 6 11,898 4 5 3,320 12 8 Plant 200 17 7 27 3 1 4,639 9 6 Taxation Reserve. . General Reserve Sports Centre Donation Reserve Profit and Loss Appropriation Account Assets £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Imprest advances 75 0 0 55 0 0 80 0 0 270 0 0 35 0 0 Post Office Savings-bank Southland Brewery shares Stocks on hand — Cellar 175 7 7 113 18 5 152 18 1 902 0 0 258 15 7 Provisions 102 19 2 191 15 3 267 2 11 567 19 4 121 13 11 Maintenance Furniture 1,30716 3 1,14216 6 2,134 11 . 7 6,93719 1 1,685 15 9 Linen, cutlery, glassware, <fcc. 776 4 9 1,049 5 9 2,435 19 0 7,919 2 9 2,339 4 2 Plant 509 1 3 72 8 4 13,178 5 8 Motor-vehicles Land and buildings 5,172 19 3 29,345' 8 7 12,92215 0 102,057' 9 3 17,985 17 1 Sundry debtors 95 4 3 158 4 5 86 5 8 322 17 11 99 4 4 Goodwill 900 0 0 1 7,200 0 0 Brown Owl Appleby Clyde Kelvin Mary Street Restaurant. Hotel. Hotel. Hotel. Bottle-store. Liabilities £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Bank Less cash in hand 1,19014 1 6011 4 75 1 7 182 11 1 64 11 1 Frank Holloway Lighting Fund Sundry creditors ■1,498 10 0 739'10 10 831. 14 2 1,362' 3 11 Property Acquisition Adjustment 1,854 17 4* Account Depreciation Reserves — Furniture 1,743 18 9 267 2 3 466 10 0 565 5 5 10 13 1 Trucks Buildings 2,404 5 3 569 5 2 2,902' 3 6 3,183' 5 10 Plant 636 10 1 Taxation Reserve General Reserve Sports Centre Donation Reserve Profit and Loss Appropriation Account Assets £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Imprest advances 206 6 0 150 0 0 200 0 0 200 0 0 25 0 0 Post Office Savings-bank Southland Brewery shares Stocks on hand — Cellar 436 10 0 366 2 1 644 9 3 545 8 2 197 15 8 Provisions 2,728 18 10 Maintenance .. Furniture 6,255 5 4 1,197' 3 9 l,85i' 4 9 2,154 12 9 333 2 0 Linen, cutlery, glassware, &c. 4,378 10 1 311 19 2 497 19 4 556 4 5 17 19 11 Plant 1,383 7 11 Motor-vehicles Land and buildings 62,255' 9 9 5,078 19 8 6,89611 10 8,656' 4 1 Sundry debtors 766 7 11 97 19 6 113 13 7 169 5 2 42 12 9 Goodwill 2,415 0 0

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INVERCARGILL LICENSING TRUST —continued Balance-sheet as at 31st March, 1948 —continued

* Contingent liability for awards made under section 90 of the Public Works Act, 1928, in respect of the following premises taken under the above Act and account not yet determinable: Kelvin, 6/27/A192; Invercargill Town South, Part Section 22, Block X, 27-2 p., Gazette notice, 26th February, 1945. The Audit Office, having examined the balance-sheet and accompanying accounts required by law to be audited, hereby certifies them to be correct. —J. P. Rutherford, Controller and Auditor-General. Invercargill Licensing Trust: Eric B. Barnett, Secretary-Manager.

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— North Invercargill Bottle-store. Rugby Park Bottle-store. Spey Street Bottle-store. Head Office. Totals. Liabilities Bank Less cash in hand £ s. d. 67' 3 8 £ s. d. 77' 6 9 £ s. d. 37' 2 10 £ s. d. £ 294,864 1,311 s. 4 0 d. 1 11 Frank Holloway Lighting Fund Sundry creditors Property Acquisition Adjustment Account Depreciation Reserves — Furniture Trucks Buildings Plant Taxation Reserve General Reserve Sports Centre Donation Reserve Profit and Loss Appropriation Account 106 10 2 106 13 11 814 109 18 10,324 13 2 2 293,553 109 18,487 1,854 3 18 13 17 2 2 5 4 16 17 6 31 18 4 123' 3 4 74 14 3 238 12 536 12 1,916 5 11,010'17 12,090 13 3,750 0 5,722 17 5 4 8 7 10 0 2 6,164 536 29,672 5,504 11,010 12,090 3,750 5,722 7 12 2 0 17 13 0 17 0 4 9 3 7 10 0 2 388,457 3 0 Assets Imprest advances Post Office Savings-bank Southland Brewery shares Stocks on hand— Cellar Provisions Maintenance Furniture Linen, cutlery, glassware, &c. Plant Motor-vehicles Land and buildings Sundry debtors Goodwill £ s. d. 20 0 0 142 16 11 337'10 2 23 6 3 34' 4 8 £ s. d. 25 0 0 139 4 5 252' 3 8 28 19 8 3,085* 5 7 58 18 11 £ s. d. 10 0 0 429 13 5 24i' 1 0 32 15 0 83' 6 10 £ s. 20 0 109 18 5,250 0 17,132 10 9,290 8 1,850 19 1,099 5 781 12 1,047' 7 13,316 15 792 14 486 15 d. 0 2 0 2 0 6 5 9 2 3 7 0 £ 1,371 109 5,250 21,637 13,270 1,850 26,930 21,149 15,143 1,047 266,773 2,921 11,001 s. 6 18 0 9 17 19 8 3 3 7 15 0 15 d. 0 2 0 9 5 6 0 0 2 2 4 6 0 388,457 3 0

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INVERCARGILL LICENSING TRUST —continued Details of the Accounts of Expenses.. Furniture Replacement, Maintenance, and Unauthorized Expenditure Expenses £ s. d. Stamps .. .. .. .. .. .. .. .. .. 123 4' 2 Bureaux .. .. .. .. .. .. .. .. ... 817 14 2 Legal fees .. .. .. .. .. .. .. .. .. 220 19 9 Signwriting .. .. .. .._ .. .. .. .. .. 76 19 10 Electricity .. .. .. .. .. .. .. .. 1,340 16 2 Annual charges (telephone, licences, post-office-box rentals, &c.) .. .. .. 1,595 10 1 Printing and stationery .. .. .. .. .. .. 1,356 15 6 Flowers .. ~ .. .. .. .. .. .. .. 498 9 2 Daily papers .. .. .. .. .. .. .. .. 405 11 10 Disinfectant .. . . .. .. .. .. ..... 520 5 2 Staff advertisements .. .. .. ..... .. .. .. 54 19 3 Audit fees .. . . .. . . .. .. .. .. .. 370 7 0 Commission allowed .. .. .. .. .. .. .. .. 298 12 0 Detail paper .. .. .. .. .. .. .. .. 54 0 10 Travelling-expenses .. .. .. .. .. .. .. .. 89 1 9 Incidental (paper, string, &c.) .. .. .. .. .. .. .. 1,183 18 9 Sundries . . .. .. .. .. .. .. .. .. 3.18 12 10 Advertising .. .. .. .. .. .. .. .. .. 235 4 7 £9,561 2 10 Unauthorized Expenditure £ s. d. Poppy Day Appeal .. .. .. .. .. .. .. .. 550 Floral tribute .. .. .. .. .. .. .. 200 Entertainment and refreshments, &c. .. .. .. .. .. .. 77 19 7 £B5 4 7 Furniture Replacement £ s. d. Glasses .. .. .. .. .. .. .. .. .. 800 19 3 Repairs .. .. .. .. .. .. .. .. .. 79 4 6 Crockery .. .. .. .. .. .. .. .. .. 616 19 9 Linen .. .. .. .. .. .. .. .. .. 1,419 13 1 Globes, electric .. .. .. .. .. .. .. .. 128 1 11 Cutlery .. .. .. .. .. .. .. .. .. 250 16 7 Hardware .. .. .. .. .. .. .. .. .. 719 10 11 Carpets .. .. .. .. .. .. .. .. .. 597 15 6 Lino .. .. .. .. .. .. .. .. .. 376 14 9 Mops, brooms, brushes, &c. .. .. .. .. .. .. .. 85 17 11 Loss on replacements of assets .. .. .. .. .. .. 641 2 0 Sundries .. .. .. .. .. .. .. .. .. 286 0 8 £6,002 16 10 Maintenance £ s. d. Plumbing .. .. .. .. .. .. .. .. .. 1,031 13 7 Electrical repairs .. .. .. .. .. .. .. .. 389 19 3 Painting .. .. .. .. . . .. .. .. .. 431 7 4 Carpentry .. .... .. .. .. .. .. .. 1,455 19 0 Gardening .. . . .. ... .. ~ .. .. ... 559 0 1 Floor-sanding . . .. .. .. .. .. .. .. 614 0 Window-cleaning .. .. .. .. .. .. .. .. 76 15 11 Glazing .. .. .. .. .. .. .. .. .. 14 13 Gravel .. .. .. .. .. .. .. .. .. 63 7 9 £4,083 8 2 2—H 24

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INVERCARGrILL LICENSING TRUST—continued Statement of Balances as at 31st March, 1948 Dr. Cr. Dr. Cr. £ s. d. £ s. d. £ s. d. £ s. d. Bank account .. 292,181 17 2 .. Bank of New Frank Holloway Zealand .. 293,821 18 2 Lighting Fund .. .. 109 18 2 Outstanding cheques 1,042 5 11 Cash on hand .. .. 1,311 0 11 Post Office Sav-ings-bank account .. .. 109 18 2 Imprest advances .. 1,371 6 0 £292,181 17 2 109 18 2 £294,864 4 1 2,792 5 1 109 18 2 = = 2,792 5 1 £292,071 19 0 £292,071 19 0

Approximate Cost of Paper.—Preparation, not given ; printing (503 copies), £24.

By Authority: E. Y. Paul, Government Printer, Wellington. —1948. Price 6d.]

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