DEPOSITS LOWER.

Auckland Star, Volume LXXI, Issue 206, 30 August 1940, Page 4

DEPOSITS LOWER.

SIX TRADING BANKS. STATEMENT FOR JULY. WELLINGTON, this day. Falls in fixed and free deposits, a. dro in advances and an increase of £66t>..000 i note circulation are the features of th monthly statement of assets and liabilitie of tlio six trading banks at the close o business on Monday, July 29. The retur was cazi-tted last night' The following table gives a compnriso of some of the principal items with th position as at June 24: —

tree deposits, or current account balances at £48,422,650, are £11,378,015 higher than at the corresponding date last year. I , ixed deposits, £30,745,294, compared with £29.702,084, are £1,043,210 higher. The total of the two. £70,167,944, is below the level ;of April, May and June this year, but is higher than the figure for any month in previous years. Advances totalling £46,101,507, continue the falling tendency shown in June, and are lower than in any July since 1936. The niovement may be taken as a reflection of import trade under the influence of war conditions and official restrictions. Advances and Deposits. The position at the end of July in the past five years is shown in the following table: —

q Finance, Commerce, Market ON CHANGE. DEPOSITS LOWER. SLIGHT FIRMING TREND. SIX TRADING BANKS. BROKEN HILLS RECOVER. STATEMENT FOR JULY. The market on the Auckland Stock WELLINGTON, this day Exchange this morning was slightly firmer, ,, alls ;„ ftxod and free d it & f]ro Won* m many sections advancing their ■„ advancen , nd an increaee of £mi(m . ol.-l.-p. ScW-rs howevor, were still a oof, ,, oU . ,. imiIation are the featuveg of th «i«i«I y in th, gi t-edgcd action, where , |Iy etat t of usgeta and ]iabmti£ the hardening trend was most noticeable, of the six trading banks at the close c Broken Hill Proprietaries recovered after business <.n Monday, July 29. The retur a recession in the early part of the week, was gazetted last night. Thpre was a sale this morning ai £2 4/3, Tl.e followiiiR table gives a eompariso which is a nee of 3d. of « ome (>f tho pl . inci « a] iteme wl P t)l th The Noon Call. position as at June 24: — Little business was done at the noon call Ju;ly. June. ami quotations were not (rreatly changed, rirc-ulntl.in Kjwi.vti waiou Buyers lor J)miiinion and .New Zealand |.- rc< . ,i,.|,,, s i ts .... -iks4-'••'»;.-,(( 4<lu : >yi BrcwciioM moved up, 3d in one cane and Fixeil ilopofits *.'.'.'. •■;ii.T4~..i'it ;il lihl'-ifi fid in the ntlici - . The quote for the former .Vlviimwe -W,lol[,jn7 4T]4.^i\«i i« now XI 11/0 and for New Zeahmds £L l»;mlnn assets l't.Ti",4T2 ]:'»',Sl."i.:;2 14'!t. Sellers for the Doniiliion coiujwiiy Tlie advances have fallen by £1,335,00 rnnccdoil 3d in willing to <|iiit at in the month since the last return wa C\ 12/, which is the price of the provioutf conipiled. Deposits of both classes ar «ale. lower also, the free by £690,000 and th tixed by £642.000. SALES COMPLETED. Variations in Circulation. ■ Xotes of the Reserve Bank held ;;s til AT THE 3.1B P.M. CAUL YE8TERDAV- Z^l^^\ £ ,Jffi L«*t ■■!•. before. 'I'he issue at the end of Jul; £ s d f b ri was £10,623,436, making the active circulu Bunk nf N.Z. .. 2 2 <i .. 2 U 6 tion £15,365,101. N.Z. Iiisiiniine . ;; U c> .. -i i> ti The issue and circulation at the ent Mem. Hreuerle.s 112 i> .. 112 O of July in tihe past four years have been:- »> lisuiis (.'MiH'nc " i~ «' ■ • *j ift i> Kami. TrnrliiiK • <> 10 'J .. Ol'J :3 Issu « Circulation Bn 4 m p S c. JV . 7 . / . 4 : i .- 40 va 5 o ..lour e J«g ?^' 774 Hill & Phnnmer 12 0.. 1 a 0 }«» ;;;;;;; £$*$£ j^j^ 4T TH* 10 A.M. CALL TO-OAY— , 1W0 10,tC3,430 15,365,101

Excess of _ , .Deposits Advances Deposits •Tilly £ f £ ifKJO ... 63,882,002 4r,.lg4.f!frt 20.<W.I28 I»W ... «8.128.6!C, 48.170,5+1 19!).VSi:,4 H!i£ •■■ SHSl'2 1,1 M .™7.4-S2 1O 874 110 10-M) ... 70.167 .<.M4 46,101,507 SS',(m.4:h Fluctuations in the value of jussete held abroad on account of New Zealand business, shown in the July returns since 1036 have been as follows: — London Elsewhere Total }":* •••• J?'£».21O 6,876,074 22,0(^,803 g :::: 1 f|? Illi| ill Overseas liabilities on New Zealand account totalled £2,985.043, agdJnst £2,983,918 at the end of June. a 8 dansc