COMMERCIAL NEWS
THE RESERVE BANK. THE WEEKLY STATEMENT. (Per Press Association). WELLINGTON, November 16. The following is a statement of the assets and liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, November 13: LIABILITIES—- £ s. d. General reserve ... 1,500,000 0 0 Bank notes 17,390,880 0 0 Demand Liabilities: State 2,866,874 13 1 Banks 13,704,560 8 2 Other • 181,533 7 7 Liabilities in currencies other than New Zealand currency 12,234 9 Other liabilities .. 623,622 2S. ‘""' Total £ (N.Z.) 36,279,804 1 0 ASSETS— . . £ s. d. Reserves: Gold 2,801,839 0 0 Sterling exchange 5,787,728 3 4 Subsidiary coin ... 224,679 15 2 Treasury and local body bills Advances: o Primary products /'Marketing Dept. 7,151,999 0 2 For other purposes 16,875,000 0 0 Investments' 3,362,446 22 Other assets 76,112 0 2 Total £ (N.Z.) 36,279,804 1 0 l Proportion of reserve to notes and other demand liabilities 25.121 per cent. Sterling exchange is expressed in New Zealand currency. SYDNEY PRODUCE MARKET. m I (United Press Association —Copyright.) SYDNEY, November 16. , Old and new wheat is selling briskly with, silo at 2s lOd a bushel and bagged at 3s lid. Flour, £l2 15s .a; ton; bran and pollard, £3,155: potatoes, Tasmanian, £2O a, ton, local £l9 10s; onions, Egyptian, £22 a. ton; maize, yellow and white, 4s Bd. AUSTRALIAN WHEAT. ADVANCES. TO PRODUCERS.
CANBERRA, November 16. The Prime Minister (Mr R. G.Menzies) announced to-day that the Commonwealth Bank would advance £20,000,000 to growers for the sale of their wheat. The basis of the advances 'would be--3s for bagged and 2s lOd for bulk? f.0.b., ports. The Commonwealth will repay itself , from market realisations and flour tax collections.. , , . In addition, the Commonwealth in certain circumstances will, provide £2,000,000 in order to raise the. average realisation for the marketed wheat to 3s 4d a bushel at shipping ports. THE SHARE MARKET. The following saleß were made on tin* Christchurch Stock Exchange yesterday : LISTED STOCKS. Sales on 'Change £ s d. 100 N.Z. Refrig. (10s pd.) 0 9 0 200 N.Z. Breweries (2) 116 - 100 Macduffs (prof.) ... 010 0 300 Wilcox Mofflin ... < 4. 600 Grey River (7) 017 U Sales Reported. 100 N.Z. Breweries ... 116 2 50 Austral N.Z. (late sale Wednesday) ••• 1 ° ” £4OO Heathcote County Council, P- c -j (30/6/41) 10! ° 0
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Bibliographic details
Ashburton Guardian, Volume 60, Issue 32, 17 November 1939, Page 8
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379COMMERCIAL NEWS Ashburton Guardian, Volume 60, Issue 32, 17 November 1939, Page 8
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