BANK OF ENGLAND RETURNS.
LOAN RATES STEADY. LONDON, May 2. The Bank of England returns for the wetjk ended May 2, as compared with those for the week ended April 24, are as follow May 2. Apr. 24. £ i Note circulation ... 302,578,000 303,182,000 Coin 194,90;!,000 105,436, s)00 Notes in reserve ... 00.000,000 50,306,000 Govt, deposits 8,007,000 7,024,000 Other deposits 155,540,000 137,734,000 Govt, securities 10-1,871,000 87,731,000 Other securities .... 15,870,009 15,141,000 Proportion of reserve to liabilities 37.00 41.10 SHORT LOANS AND BILLS. Short loans, J per cent, and three months' h'l'o per cent, ire the same as last week. -..e increase in bankers' deposits and Government securities is due to large interest disbursements. The Bank of England discount rate Is 2 per cent, to which It was reduced from 21 per cent on June 30. 1032. GOLD AND STERLING.
LONDON, May 2. Gold is quoted at £7 4/4 per ounce. The American dollar is quoted at 4.53 7-16 to the pound sterling', and the franc at 73%.
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Auckland Star, Volume LXVI, Issue 103, 3 May 1935, Page 4
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164BANK OF ENGLAND RETURNS. Auckland Star, Volume LXVI, Issue 103, 3 May 1935, Page 4
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