Net Profits of Trust Hotels Shown in Balance Sheet

White Ribbon, Volume 20, Issue 2, 1 March 1948, Page 7

Net Profits of Trust Hotels Shown in Balance Sheet

Six o'clock doling, with no afterhour trading, leads to large Mid led drink," said the chairman ol the linercarKill Licensing Trust (Mr H. Ritchie) in his annual report OH Trait*! operations for the \ear ended March 31, 1947. "We are inclined to think that evening drinking hour! would at least restrict drinking in homes or silent drinking."

Mr. Ritchie mention! Tasmania I \\ where drunkenness figure* declined since the adoption of sing hours between noou and 2 p.m. and 3 p.m. till 10 p.m. "We look ..rd to the time when our saloons !>e called social centres, with drink nly a small portion Of the enterment," he added. "We already can the tendency in our sit-down ns. Members are bcconiing satisfied that the policy of the Trust, now that it is becoming more widely known. regretting alonp the riudit lines, the general hehaviour of Ottf patrons if very indeed."

The balance sheet shows that the t (including Head Office revenue) \U ,558 ami the net profit is £26,561. his i 9,057 goes in taxation, leaving •4, which is the real net profit n Trust.

The net profits of the various establishments conducted by the Trust are onted separately, ind the greatest t is shown in the operation of the Kelvin Hotel, the !.'•♦ return of which £14,761. while the Clyde came in! with £0.032 and the Appleby with £6,410.

The* Brown Owl restaurant showed a loss of £1,683.

Interest payments amount to £9,007. Included in the detailed expenses •ire £282 for flower* and £229 for disinfectant, while one of the biggest single items is £1,328 for electricity.

Big rtems in the furniture repli ments arc- 1600 for replacement leery, t linen, £440 for cutler) and £lh> rnopi and brushes. Replacement •• down at 17. In the mnintentnee section paint barged at £l.o**-l, carpentrj £1,361 and gardening ( The har. restaurant and board and residence taking! at the Trust cerm :re shown ai follows: Resi-

Profit Loss £ £ Appleby Hotel 6,410 — Avenal Hotel 104 — Brown Owl - — — 1,683 Cecil Hotel 2,295 — Clyde Hotel — 9,032 — Peschler Hotel 267 — Grand Hotel 6,905 — Kelvin Hotel — 14,761 — Rugby Park Bottle Store 295 — Southland Hotel 56 —

Bar Rest, dence £ £ £ Appleby .. 3d. — — .\\cnal ..._ .. . : . — 2,495 Brown Owl .. .. 9223 30^134 — l .. 6,1 — 4.631 .. 44, — — 1 tetchier .. 6 — Grand . 73 — 17.440 Kelvin .. t< — — Rtlgby Park .... .. 2 — — Southland ...... .. V — — Southland .. 5,302 — 1.2=3