MONEY MARKET.
RESERVE SANK RETURN. EXCHANGE FUNDS INCREASED. FALL IX PRODUCE ADVANCES. (By Telegraph.—l'ress Association.) WELLIX(iTOX, Thursday. ! The Keservo Bank letuin for the week j ended Monday. April 2.">, was gi/.etted ] to-night. I'lic .statement, is balanced at , i."JV.!).*)0.3]4. or XtiSli.lsT nuii-e than at the I close of the previous week. i Deposits (if the trading banks are I £ 1.0."i7,35!) greater in value than in the j luevicnis week's return. Government j ■ cU-p(4<itt< liave increased by i!7.")0.114. I There lims been an increase (if .Cf>4.853 in i the note issue and other liabilities are I 1 i.'27«.!)4K higher. . I I 'I'he rise in the value of the sterling exchange reserve continues, the increase for the week having be.-n X"S."il.'.lSS. Advances to the Primary L'roduce Marketing I Department are JJ 1 (iT. 1 <>S lower. 1 The etaU'ment, with variations compared with the week before, ie as follows: — I LIABILITIES. I Variation. j £ £ I 1. Onnral reserve 1.ni10.000 Satno i 2. Bank notes .... 14.n52.2i>2 -}-.">4,B.">,'i : 3. Deiiiiuiil liabilities — (a) State 4.!)!)!). !>24 —7-"i0.114 (In Banks .... U.."i47.K1(i+1.0.*i7.."{."i!l (<•! other 241. 5U0 +.->".141 6. Other liabilities +273.!148 Total 27.:•:>(!,314 +<JS(>,tS7 ASSETS. 7. Reserve— I (a) Cold 2.801.791 Same I d>l Sterllllß ex. 18.321i.fi57 +S."i4.OSS I R. Subsidiary coin. 227,:;iil 4-UlO 10. Advinces — (1) Dairy Indiistry Account 4.071.221! —1<17.108 11. Invpstmeiit .... 2,42.•!..">2."> Same la. f.ther assets . . . !1!<.72 t - 2.. , {n:; Total 27.!i.->m,:u-1 -[-c,sii,is7 Proportion of reeerve to notee and other demand liabilities, SI.WiT per cent j 1.70.031 last week). j Three Years Compared. I The following table bliows the position , of the bank's funds at this date for the I past three years (in thousands of pounds):— LIABILITIES. I»3>>. IOrU. 1938. £ £ £ i Capital (icneral reserve .. l.riOd 1..V>0 1,500 Hank note* 1n.240 12.'.i.">7 1-I.nS2 ; Demand liabilities— (a) State S.."S-t 7.70!) n.ono (l>l Hank S.r>*r> i).7>-7 (J.-'i-11l (ci other hi:; inn; 2-11 I Other liabilities .. 102 127 r>7!) Total 211.114 32,U80 27,',1u0 ASSETS. £ £ £ Reserve— ! (a) Gold 2.80'j 2.802 2.502 I (hi Sterling ... 24,22.", 20,:,ii!< l,S..'!2<i I Subsidiary coin ... 200 140 227 , Advances to State— , Dairy industry . — 5.8411 4,071 ; Other purposes . — !mmi ; Investments I.BIH 2,'. mil 2.421! : Other assets .... IKi 73 100 j Total 2:>,114 32,080 27,'j50 l'roportion reserve I to notes and other I demand liabilities I (p.c.) 08.23 73.70 81.007 Principal Changes. j Compared with a year ago note iesue lis over a million pounds higher, while | State and bank deposits combined are nearly JL'dOOO.OUO lower. On the asset* side the chief movement is in sterling, I which is nearly £2.000,000 lower. Compared with two years a«o pterlinn funds have decreased by nearly £6,000,000 but as a partial eet otT is the item "advances to the dairy industry," which exceeds £4,000,000.
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Bibliographic details
Auckland Star, Volume LXIX, Issue 99, 29 April 1938, Page 4
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444MONEY MARKET. Auckland Star, Volume LXIX, Issue 99, 29 April 1938, Page 4
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