HOLIDAY CASH.

Auckland Star, Volume LXXI, Issue 296, 13 December 1940, Page 4

HOLIDAY CASH.

RESERVE BANK RETURN. NOTE ISSUE UP £667,283. ( P.A.) WELLINGTON*, Thursday. The Reserve Bank return for the week ended Monday, lJeeeniber gazetted to- I nijiht. shows a balancing; total £202,567 higher than on the previous Monday. The increase of £667,283 in the note issue may be taken as provision for the holiday demand for cash currency. statement, with variations compared with the week before, in as follows: — INABILITIES. Variation. „ £ £ General reserve ... 1.500,000 Same Bank notes 21.407.283 +667,283 Demand li»bUitiea— State 8,558,810 -4-745.583 Bank* 12.427,748 —1,205,546 _ other 343.806 —12,565 Other currensies .. 6,576 —3,101 Other llabllltiea ... 950,761 -J-10.945 Tot »l 43,195.084 4-202,567 ASSETS. Reserve—• g° ld ,, 2.801.859 -4-7 Sterling exchange 8.744.913 +51.636 Subsidiary coin ... 65.092 - 8 465 Advances— Marketing 3.151.876 +205.048 . Other 23 690.000 Same Investment 3.771.660 Same Other assets 969.684 45.659 Total 43,195.084 +202.567 Proportion of reset ve to notes and other demand liabilities, 28M2H per cent (25.32!) last week l. Three Years Compared. I he following table shows the position ot the banks tunds at. this date for the past three years (in thousands of pounds) : — t> , 193n 1939. 1940 Deposits— M 15196 17966 21407 S' a ', r 3034 3.241 6.559 I 8 5,716 12.008 12.428 Advances-- "" 4 578 6,205 8 745 Marketing ... 5 .013 5.326 3,152 Other 9.360 17 475 **3 690 Ratio (per cent) 30 333 26.933 28.328