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Sterling balances of the K e f r ™T£s of New Zealand show a rise 0f.£1,099,48T to £65.790.394 in the latest return. Details of the return covering week ended Monday. July 23, with variations since the previous week (in parentheses} —General reserve, c 1.500.000 (same): Banknotes. £40 508.591 (-£ 76.836). Demand £10.741,753 (-£163 193): banks £46.374.321 (+£1.496.720); Other. *"H" (—£828.316): other currencies. £268,146 ( + £237.104): other liabilities. £2.072.995 ( + £27.754); total £102,243.645 (+£693.234). „„„.„„ . „„,. Assets.—Reserve: Gold. £2.801,877 (same). Sterling Exchange. £65,790,394 ( + £1,099,487). subsidiary coin. £22.706 (—£B33). Advances— Marketing. £630.661 t—£519,313): other, £17,000,000 (same): investment, £14.345,496 (same); other assets, £1.652.511 (+£113.893). Total. £102,243.645 (+£693,234). Proportion of reserve to notes and other demand liabilities, 69.433 per cent (68.857 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): 1943 1944 1945 £ £ £ Bank notes 32,833 37.644 40,509 DepositsState 14,363 10,813 10.742 Banks 25,338 36,292 46,374 Exchange 25,778 30,719 65.790 Advances — Marketing 7.194 5.528 630 . other 26.853 35,885 17,000 Ratio (p.e.) 38.799 39.078 69.433

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Bibliographic details

STERLING STILL RISING, Auckland Star, Volume LXXVI, Issue 179, 31 July 1945

Word Count

STERLING STILL RISING Auckland Star, Volume LXXVI, Issue 179, 31 July 1945

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