STEADILY RISING.

Auckland Star, Volume LXXI, Issue 176, 26 July 1940, Page 4

STEADILY RISING.

DEPOSITS IN BANKS. FIGURES IN MONTHLY RETURNS. CIRCULATION ALSO HIGHER. (By Telegraph.—Own Correspondent.) WELLINGTON", this day A further rise in note circulation,_ an increase in London assets, higher free deposits but lower fixed are Liie features of the monthly return of the six trading banks as at the close of business on Monday. -Tune 24. 'I he return was gazetted in Wellington last night. The following table is a comparison of the principal items with May: — June. May. C - Circulation 14.000.115 14.1 00,2.10 Free deposits .... 40.1 12,5f1G 48.071,25$ Fixed deposits ... .11.357.481 31.^15.477 Advances 47.45C>.r.0A 40.550.304 I.ondon assets ... 1 3.545.320 12 c tli Advances and deposits at the end of •Tune in the past five years are given hereunder: — Excess of Deposits. Advances. deposits. .Tune. t; C € 1030 .. 10.572.444 45.077.010 21.705.425 1037 .. 00.imhi.502 47.710.50ri 21.250 003 103S .. 00.170.710 ri4.55.~..803 11,284.007 1030 .. 00.702.410 55.000.252 11.312,164 1040 .. 80.500.077 47.400,000 33,042,477 Assets held abroad on account of New Zealand business in June since 1036 have been as follow: — London. Elsewhere. Total. •Tune. £ £ £ 1030 .. 1~.310.R50 ">.000.334 23.210.003 1037 . . 3 2.174.130 5.027.435 17.201 Ji74 103S .. 5.308.700 3.054.151 11.302.0.50 '•'3O -• 4,008.055 1.407.107 f>l3of>iV> 1040 .. 13.845.320 1.71H.005 15,5r,'J 1 Note Circulation. Overseas liabilities .n New Zealand account totalled £2.083.018. acain,t £3.0'_'1,531 ;,t the end of May. Notes of tlie Reserve Hank hold as till money __ou June 24 were valued at .13.017.7.58, compared with £3,783 0.3" a month before. The issue at the end of ■Tune was £18.016.873, making the active circulation £14.000.115. The issue and circulation at the end of .June in the past four years have been: — "^ une - issue. Circulation. C P Ve'SlZ 12.nai.539 5.P..-5.850 1.13S .... 13.774,724 0 524 7°o lo'm'"" 15.407.281 1 1.531.*4 80 40 .... 18,010.873 14,090,115 Current Account Balances. Free deposits. or current iccount £ v"-™W at ( f«.l 12.500, compare with i3i( 6.032 at the corrcspondincr date l year, an increase of £ 11.536.5&4. Fixed deposits also are I,j_-l»»r at £31.387,481. an W1.007 over the total of Ti' - , at tllc f ' n<l ot June. 1030 The total ot the two. £80.500.077. is a further advance on last month's figure, which itself was a record sin.o returns in the present form were first issued. Advanci*. totalling £47.456.000 arc smaller than in any June since 1036 The excess ot deposits. £33.043.477, is the largest lor the. month since the present returns began.