INTEREST RATES.

Auckland Star, Volume LXIX, Issue 286, 3 December 1938, Page 4

INTEREST RATES.

Tho return to the investor on his outlay, based upon tlio latest dividends, works out as follows on the latest sales. When (iovernment stocks nro included, the csil•ulation provide* for redemption at the earlier data of maturity. When payment in miille in sterling, exchange in added. In the ca»e of local body issues allowance is a.'so niado for 20 per cent interest rcduc tion : — rER CENT PiSR ANNUM. li *. d. ('nmme rein I Hank 4 8 t! Hunk of New Zealand 4 IS i> New Zealand Insurance .... 3 17 8 Mouth British 3 0 8 Australian Glass (prof.) ... 4 (> !) Consolidated Hrlek 1" 15 0 Hroken Hill Proprietary .... 4 1) .1 Imperial ('licmlculs (prrf.) . . 4 7 3 Mount I..veil 5 3 Stock, 15/5/40-32, 4 p.e. .. 4 7 (i BANK OF ENGLAND RETURNS. CIRCULATION HIGHER. LOS" DON', Decetnlier I. Tho Hank of Kngland return for the week ended November SO is given in the following table, together with the returns for last week and n year ago: — ISSUE DEPARTMENT. (la uillliona of pounds.) N«v. .Nov. Vear 31). 23. ago. Not«i Issued—■ In circulation ... 480.8 4711.1 480.4 In hanking dept. . 45.0 50.3 tSft.O Other Govt, securities 188.2 18m.l' 2t>7.7 Other securities ... (Ml 0.7 1.3 Silver coin O.'J 0.1 Gold coin and bullion 32(1.1 32(1.4 3-0.4 BANKING DEPARTMENT. Rest 3.3 3.1* 3.3 Deposits— l*n 111 1<? 23.1 31.7 35.4 Ra ulcers' 07.1 1)2.3 83.(1 Other accounts . . 37.2 35.0 3<i.3 Govt, securities ... 1)0.2 1)1.8 7'1.l Discounts, advances 17.0 12.2 8.0 other securities ... 20.0 21.1 20 0 Notes nnd coin .... 40.8 51.(1 '17.5 "Proportion'' 21).7(1 30.47 43.45 Rata of Discount. The Rank of Kngland rate of discount Is 2 per cent, to which it was reduced on Juiio 30, Id: 12, from 2V4 per cent.