RESERVE BANK RETURN.

Auckland Star, Volume LXXI, Issue 81, 5 April 1940, Page 4

RESERVE BANK RETURN.

NOTE ISSUE IS LOWER. STERLING LEVEL FALLS. (By Telegraph.—Press Association.) WELLINGTON, the day. The statement of assets and liabilities of the Reserve Bank of New Zealand at the close of business on Monday, April 1, with variations compared with the week 'before, ie ae follows:— LIABILITIES. Variation £ £ General reserve ... 1,500,000 Same Bank not-ee 18.330,004 —128,912 Demand liabilities— Stat* 6,397,709 —384,962 B?n k » 14.635.00.-i +759,030 ° ther 220,097 +113,921 Other currencies .. 7,113 —5 970 Other liabilities ... 926,074 +61!466 Total 41,956,182 +414,573 ASSETS. Reserve— Gold 2.501.839 Same Sterling Ex. 12,707,880 —320.092 Subsidiary coin ... 160,249 +377 I Advances - ! Marketing 3,051,713 +206,611 Other 19.310,000 +650.U00 Investment 3,071,918 —74,080 Other assets 232,574 12 243 Total 41,936,182 +414.573 Proportion of reserve to notes and other demand liabilities, 39.224 per cent (40410 laet week). Three Years Compared. The following table shows the position of the bank's funds at this date for the past three years (in thousands of pounds): „ , 1938. 1939. 1940. Bunk notes 13,585 15,279 18,250 Deposits—■ State 5.525 3.537 6.39S Bonks 5,713 8.924 14,655 Exchange 16,169 4,663 12,708 Advances—■ Marketing .... 5,214 7,171 3 632 „ <>ther — 12,075 19,310 Ratio (p.c.) 75.54 23.924 39.224