COMMERCIAL NEWS
THE RESERVE BANK. THE WEEKLY STATEMENT. WELLINGTON, June 27. The following is a statement of the assets and liabilities of the Reserve Bank of New Zealand as at the close of business on June 24: Liabilities—
Total £ (N.Z.) 44,090,287 9 4 Proportion of reserve to notes and other demand liabilities 42.138 per cent. Sterling exchange is expressed in New Zealand currency. CLEARING SALE AT MAYFIELD. A very satisfactory clearing sale on account of Mr L. O. Mellroy, of May-
field, was held yesterday by Pyne. Gould Guinness, Ltd. There was a good attendance of formers’. Livestock sold as follows: Sheep—l 32 two-four, six, and- eight tooth ew r es at 25s 3d, 55 at 235. Cattle—From £3 10s to £8 10s Horses—Eight from £5 to £l2. Pigs—One sow and litter at £6 10s. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday Sales on 'Change.
£ s. d General reserve ... 1,500,000 0 0 Bank notes Demand liabilities— 18,616,872 10 0 State 6,584,846 7 1 Banks 16,215.092 11 1 Other Liabilities in currencies other than New Zealand cur378,485 12 11 rencv 16,128 4 6 Other liabilities .... 778,862 3 9 Total £ (N.Z.) Assets— 44,090,287 9 4 Reserve— £ s. d. Gold 2,801,839 10 0 Sterling exchange 14.825,826 0 0 Subsidiary coin .. Advances— Primary Products 157,587 IS 10 Marketing Dept 3,756,967 15 5 For other purposes 19,760,000 0 0 'Investments 2,539,502 4 2 Other assets 248,564 0 11
£ s. d. 150 Grey River (cum div.) 0 14 0 ■ 0 14 1 1 Sales Reported. 0 14 3 oO South British Insurance 2 3 0 100 Dominion Breweries (cum div.) 1 9 0 100 New Zealand Breweries 1 10 0 00 Bank of Australasia . 8 10 0
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Bibliographic details
Ashburton Guardian, Volume 60, Issue 223, 28 June 1940, Page 7
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288COMMERCIAL NEWS Ashburton Guardian, Volume 60, Issue 223, 28 June 1940, Page 7
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