STERLING FUNDS HIGHER

Auckland Star, Volume LXXIV, Issue 41, 18 February 1943, Page 3

STERLING FUNDS HIGHER

RESERVE BANK STATEMENT a ■ (P.A.) WELLINGTON, Wednesday. The Reserve Bank return for the week ended Monday, February 8, with variations in the figures compared with those in the previous week's statement is as f liabilities.—General reserve, £1.500.000, (same); bank notes, £29,957,559 ( + £77 579); demand liabilities—State, £11,976.659 (—£339,319); banks £22,635.062 (—£107,059); other. £ 1'580,157 ( + £377,376); other currencies, £106,618 r_i_ £94,170); other liabilities, £1,571,130 (+£5364). Total, £69,327,235 ( + £108.511). Assets.—Reserve; Gold, £2,801,877 (same); Sterling exchange, £29,667,474 ( + £382,116); subsidiary coin £20,771 ( —£1297); advances —marketing, £659 829 (—£119.981); other, £30,000,000 (same); investment, £4,457,881 (same); other -assets, £1 719,403 (—£152,327). Total, £69,327,235 (-+£108.511). . , proportion of reserve to notes and other demand liabilities, 48.924 per cent (48.495 last week).. Three Years Compared The following table shows the position of the bank's funds at this date for the past three years (in thousands of pounds): 1941 1942 1943 Bank notes 21,472 23,457 29,95i8 Deposits— • .2 State 10,957 9,829 11,971 ■ Banks 14,780 16,006 22,635 Exchange 15,690 15,390 29,667 Advances— Marketing 3,008 4,421 660 Other 23,690 23,750 30,000 Ratio (p.c.) 38.711 36.699 48.924