RISE IN STERLING

Auckland Star, Volume LXXII, Issue 180, 1 August 1941, Page 3

RISE IN STERLING

RESERVE BANK OF N.Z. FALL IN STATE DEPOSITS P.A.) WELLINGTON, Thursday. ' The ike of £619,730 in sterling exchange, ,hown in the Reserve Bank return lor the veek ended Monday, July 28, » the beginning of a recovery trom the fall i>l £4 643.900 shown the week belove. The statement, with variations compared vith the week before, ie ae follow?: — LIABILITIES variation. General reserve a VMJi rUKI Bank notes 21,775.951 > n.ivi D |Ta a te d llabmUeS_ • Mie.so7 -1.059.754 14 151.957 4-1.250.56S 5? n ™ ; 539,436 H-44,1« Other er eurrencies ■.•::.•.• 30.180 -(.21.M* Other liabilities 971.165 -t-11.21. Tota l 48.179,196 -,314.124 ASSETS R aold e— ■ 2.801.874 Same Sterling exchange ... ".582.860 -i- 619.730 Subsidiary coin 5».518 -i- 6.609 Advances — _ c - - ft 7 Marketing 5.*07.e4G -367. .03 other 19.000,000 bame Tmre?tment 3.772.557 Same Other assets'/./....... 1.558.941 +55.48S Total 48.179.196 4-314.124 Proportion of reserve to notes and other demand labilities. 40.183 per cent (30.114 last week). . • .•*. TBBEE YEAiIS cuMFARED The following table shows the position of the bank's funds at this date for the past three years ;in thousands of pounds):— 1939. 1940. 1941. Bank notes .... 15,694 19.823 21,776 Deoosits —■ State 2.864 5.156 9.211 Banks 10.763 16.746 14,152 Exchange 5.577 13.027 15.583 Advances — Marketing 5.688 3,616 5.408 Other 13,250 21.610 19.000 Ratio (per cent) 28.123 37.865 40.182