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INVERCARGILL LICENSING TRUST —continued NORTH INVERCARGILL BOTTLE STORE Trading Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Stock on hand, Ist April, Sales .. .. .. .. 9.343 9 1 1948 : cellar .. .. 142 16 11 Purchases during year .. 6,811 11 7 6,954 8 6 Less stock on hand, 31st March, 1949 .. 140 1 4 Cost price of goods sold .. .. 6,814 7 2 Gross profit .. .. .. .. 2,529 111 £9,343 9 1 £9,343 9 1 Profit and Loss Account for the Year Ended 31st March, 1949 £ s. d. £ s. d. £ s. d. Depreciation— Gross profit, from Trading Account .. 2,529 1 11 Furniture .. .. 34 8 7 Glassware, &c. .. .. 018 6 Plant .. .. .. 0 10 9 35 17 10 Insurance .. .. .. 13 0 7 Interest .. .. .. 17 12 0 Land-tax .. .. .. 0 7 8 Laundry Rent .. .. .. 130 0 0 Repairs and maintenance .. 17 10 10 StaffSuperannuation .. .. 29 5 0 Wages and salaries .. 557 10 2 Sundry trading expenses .. 128 15 2 — 894 1 5 929 19 3 Net profit .. .. .. .. 1,599 2 8 £2,529 1 11 £2,529 1 11 Sundry Trading Expenses ' £ s. d. Annual charges : annual licences, P.O. box rental, telephone rentals, &c- .. 51 0 0 Electricity .. .. .. .. .. .. .. .. 4 19 3 Expenses, incidental (paper, string. &c.) .. .. .. .. .. 60 11 6 Printing and stationery .. .. .. .. .. .. .. 0 1 11 Signwriting .. .. .. .. .. .. .. 050 Sundries .. .. .. " .. .. .. .. 11 17 6 £l2B 15 2

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