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INVERCARGILL LICENSING TRUST Balance-sheet as at the 31st March, 1949 Liabilities Assets Current liabilities— £ s. d. £ s. d. Current assets—- £ s. d. £ s. d. £ s. ■ d. Bank of New Zealand: overdraft .. 276,178 16 11 Cash on hand .. 1,153 15 10 Ordinary trade creditors .. .. 18,004 12 1 Imprest advances 1,521 6 0 Provision for taxation .. .. 27,110 17 7 Post Office SavingsF. Holloway Lighting Fund .. 112 12 8 bank: F. HolloCommunity Centre Donation Reserve 4,750 00 way Lighting Total of current liabilities .. 326,156 19 3 Fund .. 112 12 8 Reserves: General Reserve.. .. .. .. 15,613 11 0 ——— 2,787 14 6 Profit and Loss Appropriation Account .. .. 10,029 11 1 Sundry trade debtors .. .. 1,802 6 1 Stocks on hand— Cellar.. .. 12,936 5 6 Provisions .. 3,876 5 1 Maintenance stores .. 14,609 11 11 — 31,422 2.6 • Total of current assets .. 36,012 3 I Investments at cost: 6666 ordinary shares of £1 each in Southland Breweries, Ltd., each fully paid .. .. 7,082 12 0 Fixed assets— £ s. d. £ s. d. Furniture : At Cost 39,607 4 11 Less Depreciation Reserve . . 9,474 6 4 30,132 18 7 Linen, crockery, glassware, &c. : at valuation .. .. .. 15,229 16 4 Motor-vehicles: a.t cost .. 1,047 7 2 Less Depreciation Reserve .. 638 15 4 408 11 10 Plant: at cost .. 21,092 15 6 Less Depreciation Reserve .. 7,297 14 6 13,795 1 Q Buildings : at cost 215,017 6 4' Loss Depreciation Reserve .. 40,557 3 11 ■ 174,460 2 5

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