BANK OF ENGLAND RETURNS.

Auckland Star, Volume LXX, Issue 128, 2 June 1939, Page 4

BANK OF ENGLAND RETURNS.

NOTE CIRCULATION HIGHER. (Received 10.40 n.in.j LONDON, .June. 1. The Bank of England returns for the week ended .May 31 are as follow, coinpai isoTiK beinjf inaiie with those of a week and a year ago, the tigmes representing millions of pounds: — ISSUK DEI'AKTMKNT. (In millions i>! pounds.) May May Year Notes issued— .'»1. 24. 11^',,. In eir.-illation ... 4'.i'.i.!s 4!i4.fi 154.!1 In hanking il.pt. . jc. 1 :j|.i| 11.5 Oilier (Ji.vi. securities 'JS7.I -js-.i 35K.4 Other MM-urities ... 3.0 1.0 ti.ii Silver coin l>.!i o.!> Uoltlcuinnlidbulli.il) L'L'ii.J L'-ti.J ;>2<>A 5 BANKING DEPARTMENT. Rest 3.2 3.2 3.2 Deposits— Public ys.a •Jγ,..", 24. '.I Bankers' Nil. 4 !ir,.4 loi'.s Other iieciiunts . . 87.1 oi>.4 JJS.O Uovr. securities ... 1 1'.i.0 114.0 lo».7 UiKcouuts. iidvaiicCij S.o 7.1 s!> timer securities ... 21.7 21.7 Jo.ll Notes nml coin .... 2H.U 52.2 42. X Proportion 17. i>7 20.48 2.5.U4 Rate of Discount. The Bank of England rate' of discount ie 2 per cent, to which it was reduced on June 30, 1932, from 2% per cent. CONSOLS AND STOCKS. VALUES IRREGULAR. (Received 10 a.m.) LONDON. June 1. The following table gives quotations for consols and colonial inscribed stocks, compared with those of May 25 :— VnrlaPrlee. tion. f s. d. s. d. Consols 25 per cent ... "'•» o oj 1." o* Funding Loan, 4. liltjO-fio 11 is fl 11 Xiiiiir War Loan, »1, lfTi2 ... !>.". 1". 11 ■> i> Conversion Ln., 3J. 1061 }J0 0 O Same f Victory Bonds, 4 10s it n ;-.,i v L'om'wealtli. r>. 1«4.V7r. . io:i 1." oj 4n ii* 8 Coin'weiiltli. 4. 104:1-48 . 101 o <i in ni , ei Coin'weaHli, :i% 104R-.".", '.Hi 1.". 0 -Jii 11+ 1 Coin'wealth, aj. 10511-fll S 7 12 <! 4<t <i> 1 Coin"wealth 3. lOr ( r,-58 . 8(3 IT, (I 32 Hf 1 N.S.W., 3J. 1030-30 ... 04 12 ti 5 11 * 1 Victoria, ?.. 192 , .)-4O ... !:3 ."1 t't 47, of e Victoria, 43, 1040-H0 ... 100 o ot 4.1 o* i. Victoria, ".. 1945-73 ... lo'. Hi ox :'." o« e Queensland, -"i. H-22-47 . 111 «ij Same , Queensland 5. 1040 f>o . lf>l 17 1; Same ' S. Australia, 3. lOlfi. opt. 71 7 (it 17 fi* 8 R. Australia, r>. If>4"i-7ri 10:! \7, ot »i o* 1 W. Austral'n, 4. 104_'-r,2 OS 10 (it ]r,o Of Tasmania, 31, 1920-40 . 0« ll! 3t M 3» 1 Tuttmanin. 4. 1940-50 . . 99 0 0$ 10 (1* ,' New Zealand 41, W4S "S 97 13 0 1." 0t • New Zealand, 31, 1940 . DO 5 0 17 (1* : New Zealand. 3. 1045 . 02 2 6 i; ttf >, tHigher. 'Lower. JEx Interest. b NORTH OF IRELAND LOAN. b b LONDON, June 1. North Ireland is offering lor J , £2,J00,000 loan redeemable in 1950-54 o"/_ t> per cent at 98^. e , t The approximate effective yield -will be '■ £3 18,6 in the case of the shorter term, , aud £3 17 6 tor the longer period.