RESERVE BANK RETURN

Auckland Star, Volume LXXI, Issue 158, 5 July 1940, Page 4

RESERVE BANK RETURN

STERLING OVER MILLION LESS

ADVANCES SHOW INCREASE

XOTE ISSUE UP

(By Telegraph.—Press Association.) WELLINGTON, this day

The statement of assets and liabilities of rhe Reserve Bank of .New Zealand at the dose of business on Monday, July 1, compared with the previous week, is ae under:— LIABILITIES. Variation. General reserve ... 1,300,000 Same Bank notes 18.7'J3,a24 + 175.431 Demand liabilities— ' * tat *> 5.308,033 — 1.100.UU Uanka 17,318,078 -rl.ims.y.so >tll<?r -ir.O.'.UH -rTJ.42I l/tlwr currencies . . 1.", Tt'iH -.7-. Other liabilities .. —73.ii44 Total 44,1.74,1)21 + 84,034 ASSETS. Reserve— Jf°W. 2,801,839 Same ~ Sterling Ex. ... 13,420,644 —1,4U5,152 SntMldiary coin ... 101,671 +4 OS3 Advances— Marketing 8,800.834 + 40 BS(J . Other 21,210.000 + 1,4.-,o,imm> Investment 2M2,021 +3 01» Other assets 231.302 17,172 Total 44.174.01:1 +84.r>34 Proportion of reserve to notes and other demand liabilities, 38.63 per cr-nt (42 138 laet week;. Three Years Compared. The following table shows the position of the bank's funde at tbie dare for the past three years (in thousands of pounds): — n , 1938. 1931). 1040. Bank notee 13,747 15.5&5 18.705 Deposits— * ate 2,9Sr> 1 ,634 5.394 Banks 7.497 f».324 17.314 Exchange 13,94:.' 5,690 13,421 Advances—• Marketing .... 3,790 5.650 3,807 Other 64(0 10.47.~> 21210 Ratio (p.c.) .... 76.18 31.329 38.03 PAST YEAR'S ACCOUNTS. NET PROFIT TOTALS £361,363. (By Telegraph.—Press Association.) WELLINGTON, th«* day. Net profits of £361,363 for the year ended March 31 were earned by the Reserve Bank of New Zealand, according to the Gazette notice. Thie compares with £250,288 in the preceding year. Th 3 balance of profit, after making provision for rebate on Treasury bills not yet du<j, and for other contingencies, was £516,064, against £359,188 a year aso. Under a provision of the Reserve Bank of New Zealand Act, £250,286 has been paid to tiie Government. The balance-sheet is balanced at £42.267,762.