RESERVE BANK.

Auckland Star, Volume LXXI, Issue 10, 12 January 1940, Page 3

RESERVE BANK.

NOTE ISSUE REDUCED.

STERLING AGAIN DOWN

OTHER ADVANCES HIGHER,

(By telegraph.—Pre**, Association.)

.... „ ELLI NG 1 ON, Thursday. . , «e«eive Bank return for the week ended Monday January 8, was issued LIT i«i --» I tenient is balanced at t i/.isi .4 42 or £203,0.57 lc*« than at th*. ciose ot t)*o previous ! A further fall of £174.065 i„ the value of stei ling exchange reserve has occurred ( | en,i,,ul ''abilities are weel- l«f ' !". the "Wfregate than the week before, an increase of £417 500 in li"ihmt'i" ,e " 1 ' ', 1< : [>0 *'lit?1 it ? n,,<l other demand 1. I>|l t es combined being more than balanced by tails ,A £280,.t<)0 and £376.200 in the note ,ssue and the deposits of the l,an,; " respectively. The ratio is -/.Mb per cent, compared with 27 947 per cent the previous week. Advances to the Primary Product® Marketing Department are £21.280 higher, «hile tho*e for other purposes have met eased by £493.000. I lie statement, with variations compared with the week before, is as follows: — LIABILITIES. Variation £ £ General reserve .. 1.500.000 Same Bank notes 18 !Wit 3:i4 '.ui| 1 >cmanil liabilities- ' -»«.—•» '-'.tlriS.O.-iS +333.908 ' 'V'"* 12.W58.134 —37K.270 «... ' r , 119,391 +83.ti(Mi Otlior curr«*nci«*M . . IO.UiMi 1 Other liahllltlfH . . 7.11 -j-SsTlSli .'{7.181,771! —203^057 ASSETS. ( j" 1,i ll ->.801,839 Same Sterling exchange . ti.Bt»2.«BS — 1740«5 Subsidiary coin . . . 158.757 AdvancesMarketing 3.390.299 +21,280 Other •_ , 0,7'J."i,(M111 +49.1 000 Investment 3,OWS,<!W3 —4«-» 345 Other assets 141,499 —85!«33 Total 37,181,772 —203.057 Proportion of reserve to notes and other demand liabilities, 27.846 per cent (27.947 last week). Three Years Compared. The following table shows the position of the bank's funds at thin date for the past three years (in thousands of pounds): — 1938. 1939. 1940. £ t £ Bank note* 14.728 Hi.127 18.904 Deposits— Stfl te 3.221 2,021 2.938 Banks 5.8.-.2 7.381 12.938 Kxchnnge 11i.148 3.934 0.803 AdvancesMarketing .... 0.244 0,108 3.390 Other 9IMI 111.8311 20,723 Ratio (per cent) . 69.22 23.320 27.040