COMMERCIAL

Press, Volume LXX, Issue 21269, 14 September 1934, Page 11

COMMERCIAL

♦ (CONTINUED FROM PAGE 15) RESERVE BANK WEEKLY STATEMENT ASSETS AND LIABILITIES li'RtJS 4aBUCUTION TBLSGEAM.) WELLINGTON, September 13. A Gazette issued to-night contains « statement of the assets and liabilities of the Reserve Bank of New Zealand, as at the close of business on Monday, September 10.

FOREIGN EXCHANGES

NEW ZEALAND CURRENCY BASIS

T.T. revrcsonts telegraphic transfers. CD. ropresenK on demand trnnsnctions. The above rates are subject to alteration »'hhuut Dolieo. PROPERTY SALES The following sales of property at 'Mount Pleasant by private treaty are reported:—Mount Pleasant store, from Mrs Anderson to Mr Minson, comprising residence and store, together v/ith stock in trade; building section, from Mr \V. de Thier to Mrs Coburn; buildsection, from Mr Slater to Mr A. G. Williams; building section, fn-rn Mr A. S. Nicholls to Mr A. G. Williams. Messrs N. H. McCrostie and Company report having sold on account of Mrs Thompson her property at No. 208 Salisbury street, comprising a residence of five rooms with all conveniences, and 20 perches of land, to Mr F. Walker, at a satisfactory figure. —3

LIABILITIES ri (0 Paid-up capital .. 5o£ooo 6 CL. 0 (2) General Reserve Fund 1,000,000 0 0 (3) Bank notes 8,106,668 10 0 (4) Demand liabilities- - fa) State 4.063,473 10 9 (b) Banks 16,012,897 12 7 (c) Other 25 6 C (o) Time deposits .. — (6) Liabilities in currencies other than New Zealand currency — <7) Other liabilities 17,079 5 8 Total 30,500,144 5 6 ASSETS £ s. d. (8) Reserve — (a) Gold 4,351,727 0 0 (b) Sterling exchange 2-1,498,155 11 9 <c) Gold exchange — (9) Subsidiary coin 123,537 9 10 (10) Discounts — (a) Commercial & agricultural bills — ib) Treasury and local body bills — (11) Advances — (a) To State or State undertakings — 'b) To other public authorities (c) Other — (12) Investments 1,500,000 0 0 (13) Bank buildings — (14) Other assets .. 26,724 3 11 Total 30,500,144 5 6 Proportion of reserve (No. 8 less No. 6> to notes and other d:mand liabilities 93.5-1 per cent.

1 BRITISE [ OVVICZAt. , Tnnnr.z 3S. 1 ' Received September ■ 13, 7.5 p.m.) RUGBY ', Septeir iber 12. Par. Sept. 11, Sept. 12, Paris, fr. to £1 124.31 75 1-32 75 1-15 Kew York, dol. to£l 4.8G6 5.011 S.Oli llontreal, dol. to £1 4.866 4.85.1 4.85J Brussels, beljas to £1 35 21.09 21.07 Geneva, fr. to £1 25.2215 15.16 15.134 Amsterdam, fi. to £1 12.107 7.304 7.30 Milan, lire to £1 92.46 571115 57 11-16 Berlin, reicbmarken to .£1 'J 0.4 3 12.45 12.41 Stockholm, Vr. to £1 18.159 19.30J 19.394 (.'opetili.iji'Ti.. kr. to £t 13.153 22.40 22.40 Oslo, kr. to £1 18.150 19.90i 13.904 j Vienna, »eh»s. to £1 34.585 204 264 Prague, kr. to £1 164.25 119 119 ,HelBint;fore, marks toil 103.23 2263 22'JJ Madrid, pesetas to £1 25.2215 36 7-32 36 3-16 Jjiibon, escudos to £1 110 UOJ 1104 Athens, drach to £t 8 75 515 516 Bucharest, lei to £1 813.6 495 495 Belgrade, dinars 25.2215 '.■1.6 21.6 Eio do Janeiro, pence- to milreii 4.!??? ■1 \ <i Enenoe Aires, , pence to dol. 45.57'. 36a 36i Montevideo, pence to dol. 51 3'Ji 39g Bombay, penes to rupeo 19 IS 1-16 18 1-16 Shanghai. pence to dol. ' 17 17 Hong Kong. pence to dol. 182 1S2 "Yokohama, pence to yen 24.57 1.4 J 14 J Warsaw, par alotys to£I 43.30 — —■ Batavia, guilders 12.107 7.30 — •Detenni ned by pr ice of si Iver.

The Bank of New Soutl i Wales, Christ«hurch, quoted the f< )Ilowir lg rates , yesterday for purchases and sales of fo: roign exth&nje;— B -living. Scir.ng. France— Prance to £1 >'.Z. T.T. 60.94 59.64 O.D. 61.24 59.69 BkOurnea— ' Franco to 11 >* Z. T.T. 61.39 58.89 O.D. 62.29 58.94 Papeete— Francs to £1 M.Z. T.T. 61.39 58.39 O.D. 62.29 58.94 Belgium— Bellas to £l K.Z. T.T. 17.304 16.604 O.D. 17.404 16.619 Germany— Reichmaris to N.Z. T.T . 9.779 O.D . 9.784 Lire to £1 .V.Z. T.T _ 45.65 O.D — 45.69 Switzerland— Francs to £1 -\'.Z. T.T. 12.397 11.997 O.D. 12.472 12.007 Holland— Florins to £1 X.Z. T.T. 6.000 5.750 O.D. 6.050 5.754 Java— Florins to £1 >'.Z. T.T. 5.951 5.726 01>. 6.001 5.730 Jar>on— X.Z. pence to yen T.T. — 18 3-32 O.D. — — 8hi>n»hai — X.Z. pence to dol. T.T. 202 21.1116 O.D. 201 213 JnWi.-. and Ceylon— N.Z. pence to do!. T.T . 22 5-16 22 21-32 O.D . 22 3-16 22 19-32 Hon? Konir— J<".Z. pence to do!. T.T. 22 29-32 23 31-32 O.D. 22 25-32 23 29-32 Sir.cv>ftre~--Is'.Z. penco to dof. T.T. 34.7-16 34...1-16 358 35.5-16