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STERLING FUNDS LOWER

DECLINE FROM UECOKD LEVEL p.A. WELLINGTON, this day. For the first time for months the steadily rising total of sterling exchange reserves to record figures has ueen. checked, the latest return showing them at £04 f>77.397, a decline of £1,758,243 on those of the previous week. The return at close of business on August 6, Wit" variations from the previous week s fljrures in parentheses, is as follows: — ( + £264.200). Other currencies. £16.956 ( + £1761) Other liabilities. £2.063,547 i (—£8630) Total, £104.415,883 ( + £1.538.141). Arote —Reserve- Cold. £2.801.877 (same): sterns Sfehange. £64 977.397 (-£1.578.243): subsidiary .coin. £20.490 (—£76 l). Advances: Marketing £ 3.952.357 (+ £ 3.486,223).; other £17.000.000 (same): investments, £14.34a.146 ( + £250)- other assets. £1.318.015 (—£369,328); total. £104,415.883 (+£1,538.141). Proportion of reserve to notes and other clemana '.labilities. 67.204 per cent (previous week, 69.841 W cent). Threc Ycars 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 32,973 37.588 40,506 Deposits— State 13,644 10,944 10.43S Banks 25,095 36.387 48,745 Exchange 26,055 32,251 64,977 Advances— Marketing G. 840 3.947 3,952 Other 26.853 35.885 17.000 Ratio (P.c.) 39.665 — 67.20*

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AS19450813.2.28.2

Bibliographic details

STERLING FUNDS LOWER, Auckland Star, Volume LXXVI, Issue 190, 13 August 1945

Word Count
193

STERLING FUNDS LOWER Auckland Star, Volume LXXVI, Issue 190, 13 August 1945

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