MONEY MARKET.

Auckland Star, Volume LXVII, Issue 102, 1 May 1936, Page 4

MONEY MARKET.

RESERVE BANK

FALL IN NOTE ISSUE. RISING LEVEL OF EXCHANGE. (By Telegraph.—Press Association.) WELLINGTON, Thursday. The Reserve Bank return for the week ended Monday, April 27, was gazetted tonight. ■ The statement is balanced at £29,114.053, or £220,511 more than at the close of the previous week. .The fall of the note issue from the high point' of the Easter holiday period continues, there having been a reduction -of £52,730 for the week. Deposits of the State have increased by £396,142, those of the trading banks having fallen by: £157,431. The principal movement 011 the assets side is. an increase of £185,422 in the value of the sterling exchange reserve. All the other items show increases, but in 110 instance of any marked amount. The statement with variations compared with the week before is as follows: — LIABILITIES. Variation. £ £ 1. Gen. reserve ... 1,500,000 Same 2. Bank notes .... 10,240,210 —52,739 3. Demand liabilities— (a) State 8,384,205 +390,142 (b) Banks 8,584,599 —157,431 (c) Other 103,895 +31,228 6. Other liablities 101,548 —3,311 Total 29,114,053 +220,511 ASSETS. 7. Reserve— (a) Gold 2,501,733 Same (b) Sterling Ex. 24.224,599 +185,422 S. Subsidiary coin 205,791 +5,518 11. Investment ... 1,815.595 +4,079 13. Otiler assets ... 00,385 +25,491 Total 29,114,053 +220,511 Proportion of reserve to notes and other demand liabilities, 98.232 per cent (98.335 last week).