H—24

INVERCARGILL LICENSING TRUST—continued GRAND HOTEL Trading Account for the Year Ended 31st March, 1949 Stocks, on hand, Ist April, £ s. d. £ s. d. Sales — £ s. d. £ s. d. 1948 Bar takings .. .. 55,165 12 4 Cellar .. .. 902 0 0 Board and residence .. 22,526 3 6 Provisions .. .. 567 19 4 77,691.15 10 1,469 19* 4 Purchases during year— Cellar .. .. 33,011 710 Provisions .. .. 7,722 12 5 40,734 0 3 42,203 19 7 Less stocks on hand, 31st March, 1949 Cellar .. .. 760 18 4 Provisions .. .. 284 17 11 1,045 16 a Cost-price of goods sold .. .. .. 41,158 3 4 Gross profit .. .. .. .. 36,533 12 6 £77,691 15 10 £77,691 15 10 Profit and Loss Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Depreciation— Gross profit, from Trading Account 36,533 12 6 Furniture .. .. 1,479 11 11 Plant 646 19 4 Linen, glassware, &c. .. 1,685 9 2 3,812 0 5 Insurance .. .- 294 15 2 Interest .. . ■ 1,112 5 0 Land-tax .. .. 9 14 3 Laundry .. •• 1,113 411 Rent 5,434 6 0 Repairs and maintenance 1,183 311 Staff — Superannuation .. 239 9 10 Wages and salaries .. 16, 292 510 Sundry trading expenses.. 2,227 19 7 — 27,907 4 6 31,719 4 11 Net profit .. •• •• -- 4,814 7 7 £36,533 12 6 £36,533 12 6 Sundry Trading Expenses £ s. d. £ s. d. General .. .. .. ■■ ■ - ■ .. 5 18 4 Staff .. -. .• •• •• •■ ..38 18 5 44 16 9 Annual charges : annual licences, P.O. Box rental, telephone rentals, &c. .. 593 1 9 Detail paper .. .. .. .. .. ••. .. .. 5 18 Disinfectant .. .. .. .. .. .. .. ... 169 1 0 Electricity .. .. .. .. .. .. .. .. 573 6 3 Expenses, incidental (paper, string, &c.) .. .. .. .. .. 177 17 3 Flowers .. .. •. .. . • • • .. 50 1 6 Legal and valuation fees .. .. .. .. .. .. 6 19 6 Papers .. 202 9 4 Printing and stationery .. .. .. .. .. .. .. 179 7 3 Signwriting .. .. .. .. .. .. .. 19 1 0 Stamps .. .. • • • • • • • - • • 57 5 6 Sundries .. . - • • • • • • • • • • • • 149 10 10 £2,227 19 7

16