H—24a

MASTERTON LICENSING TRUST— continued Balance-sheet as at 31st March, 1950 Liabilities i Assets Last Year I last Year £ Current liabilities and provisions— £ £ \ ' £ Current assets— £ £ 9,333 Bank overdraft .. .. .. .. 23,662 > 70 Cash in hand .. .. .. .. 105 Deposit money .. .. .. 1,500 .. Sundry debtors .. .. .. .. 133 8,588 Sundry creditors .. .. .. 15,672 17,487 Stock in hand and in bond .. .. 21,750 10,032 Provision for taxation .. .. .. 12,900 21,988 53,734 Fixed assets— 30,000 Long-term liabilities: Treasury advance .. .. 50,000 Land and buildings— Capital reserves : Depreciation reserve as required under 25,314 Pioneer (late Cosy) at cost to date .. 46,850 section 41, Masterton Licensing Trust Act, 1947 .. 500 6,500 Empire Hotel at cost to date .. .. 16,440 5,825 Revenue reserves: Unappropriated profit .. .. 13,310 5,515 Hotel Masterton (late Northern Approach) at-cost to date .. .. .. 13,543 f .. Hotel M-idland (see footnote) 1,254 Temporary building, Bannister Street, at cost .. .. .. .. 1,309 78,142 Alterations to premises— £ Temporary alterations to leased premises .. . . . . 2,666 Less amount written off .. 2,666 1,318 Additions, alterations, and repairs to Hotel Midland . . .. 426 Less depreciation on additions and alterations .. .. 15 4ll 4ll Furniture and equipmentFurniture and equipment in use at cost .. .. .. 11,110 Less depreciation .. .. 753 1,720 10,357 4,600 Furniture and equipment in stock .. .. 6,646 17,003' 63,778 £117,544. 63,778 £117,544 Unascertained Liability,—There is an unascertained liability to Hotel (N.B.— The freehold property of Hotel Midland is vested in the Trust,, Midland, Ltd., for compensation for land and buildings taken under the but value has not been included as this is contingent on a compensationPublic Works Act. ' claim by Hotel Midland, Ltd.) (N.B.—Shillings and pence omitted.) (N.B.— Shillings and pence omitted.)

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