STATE OPERATIONS.
BANKING STATISTICS. FIGURES FOR MONTH OF MAY. The monthly abstract of banking statistics for May shows a further increase in deposits held on current account, the average amount so held during April (£23,230,744), being the highest figure recorded .in any month since May, 1930. During the past eight months free deposits had increased from approximately £18,000,000 to £23,000,000, while in the same period the .ratio of free to fixed deposits had improved materially. Advances fell by £100,000 to £41,253,837. Although other banking statistics showed a marked improvement as compared with last year, the downward trend in advances still continued; and with the increase in deposits —both free and fixed —the rati6 of advances to deposits had fallen to the exceptionally low figure of 03.82 per cent. Railway Revenue. Returns of railway operations for the financial year 1933-34, compared very favourably with the results for the previous year. Operating revenue during the past year totalled £5,628,835, ai? excess over working expenses of £751,689. That was the best financial result since 1928-29. The number of passengers, the tonnage of goods, and the net ton mileage were also greater.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19340604.2.114
Bibliographic details
Auckland Star, Volume LXV, Issue 130, 4 June 1934, Page 9
Word Count
188STATE OPERATIONS. Auckland Star, Volume LXV, Issue 130, 4 June 1934, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in