BANK OF ENGLAND RETURN

Press, Volume LXXV, Issue 22823, 23 September 1939, Page 11

BANK OF ENGLAND RETURN

Note Circulation Is Lower INCREASE IN TOTAL DEPOSITS “i (UNITED PRESS ASSOCIATION—COPTRIGHT.) LONDON. September 21. The Bank of England return for the week ended September 20 is as follows: — ISSUE DEPARTMENT £ £ ■ Notes Issued:— Govt. In circu- debt. 11,000,000 lation 546,500,000 Other Govt. In bank- securi-. ing dept. 33,600,000 ties 565,700,000 Other seeu- . rities 3,000,000 Silver coin 300,000 •580,000,000 Gold coin .and bullion 100,000 £580,100.000 £580,100.000 •Amount of fiduciary issue. BANKING DEPARTMENT £ £ Capital 14.500.000 Govt, seR es t 3,700.000 curities 121,900,000 Deposits— Discs. Sc Public 21,400,000 advances 2,500,000 Bankers 107,900,000 Other seOther curities 28,900.000 a/cs 40.000.000 Notes Sc a/cs. -iu.u coin 34,200,000 £187,500,000 £187,500,000 Proportion of reserve to liabilities, 20.21 per cent, compared with 16,73 per cent, last week. The principal items of the above return compare as follows with those of last week: — Sept. 13. Sept. 20. £ £ D Public - .. .. 12,000.000 21.400,000 Bankers .. 109.600,000 107,900.000 Other accounts .. 40,800,000 40,000,000 £162,400,000 169,300,000 S Government .. 123,700.000 121.900.000 Discts advances 3,900,000 2,500,000 Other securities . 25 900 000 28.900.000 Reserve.. 1 .. 27;i00;000 34.200.00 Q Note circulation .. 553,550,000 546.500.000 Gold coin Sc bullion 100,000 100,000 The Bank of England rate of discount is unchanged at 4 per cent. CONSOLS AND STOCKS QUOTATIONS ON LONDON MARKET LONDON, September 21. The following are the latest quotations for Government securities compared with quotations during last week, the prices

MINING MOUNT ' MORGAN Mount Morgan production, for the four weeks ended September 20 was:— Ore mined 60,412 tons. Ore. treated: sulphide 37,9.50 tons, oxide 22,080 terns. Mill tailings retreated through oxide mill ’24,930 tons. Estimated production of gold 4811 ounces and of copper 262 tons, inclusive of 10 tons of copper precipitation. 1 WHITE’S ELECTRIC The White’s Electric return for the week ended September 21 is 230 z from 7600 yards in 123 hours. BRITISH FINANCIAL MEASURES i ACQUISITION OF FOREIGN EXCHANGE LONDON. September 21. The “Financial News” says that the market has welcomed the official plan to close the gap in exchange control by requiring traders to invoice foreign exchange instead of sterling, thereby e. .abling the authorities to acquire all foreign exchange accruing from the sale of British goods abroad./ / The War Budget is being introduced nefct Wednesday. Markets show a good tone based on Mr Chamberlain’s quiet confidence. Silver is quoted at 23id standard and 253 d fine. Tin is at £228 10s spot and £227 15s forward. Gold is unchanged at £8 8s a fine ounce. COMPANIES REGISTERED Grand Hotel (Timaru). Ltd—Registered as a private company. September iz. Office: Corner Seftdn and Stafford streets. Capital: £3OOO, into £1 shares. Subscribers: Timaru —H. F. Morton 1640, H. A. Morton 100, Q. L. Robertson 150, V, T, Nicholas lio! W. A. Pringle 700., E, R. Pringle 300. Objects: Hotel proprietors and incidental. McElwee (G. P.) and Company, Ltd.Registered as a private company,’September 12. Office: Wakefield street, Westport. Capital; £SOOO, into £1 shares. Subscribers; Christchurch—G. P. McElwee 4300. Westport—E. J. Treloar 700. Objects? Retailers In foot Wear of all descriptions, and Incidental.' _ _ ~ Flllyburn' Gold Mining Company, Ltd.>Reglstered as a private ber 1. Office; 47 Lees street, Dunedin. Capital: £3500. Into 3500 shares of £1 each. Subscribers: Dunedin—Macraes Gold Mining Company. Ltd.. 2000, J. "_R. 'Bell 225, W S. Bell 115. S. Dunkley 50, W. Currie 100 J. L. Bell 110. R. J. Knowles 175, R. Moore 350. Millers Flat—P. Atkinson 100. Auckland —A. W. Good 225. Sydney—G. W. Wimble 50. Objects: To take over’ the mining syndicate called the BellCurrie Syndicate and all its mining privileges; to mine for gold or other valuable minerals in New Zealand. AUCTION SALE REPORT Messrs Ford and Hadfield. .Ltd., Auctioneers ■ and" Estate Agents, 131133 Worcester have to report that following their auction sale in conjunction with Messrs Baker Bros.. 166 Manchester street, on account of the estate of the late J. J. Collins, having sold the property situated 78 Bristol street to Mrs Frew, and also a City property situated in Fitzgerald ayerue to Mr Denton. See Ford and Hadfield, Ltd., for Real Estate. : —1

named being largely nominal: — Sept. 14. Sept. 21. £ s. d. £. s. d. British — 6 62 6 Consols. 2i p.c. .. 62 2 Funding Loan, 4 p.C., 1960-90 .. 102 12 6 102 12 6 War Loan, 31 p.c.. 1952 .. 88 12 6 88 12 6 Con. Loan. 3J p.c., 12 6 87 10 87 Vfttory Bonds, 4 102 0 0 102 0 0 Commonwealth — 95 10 95 5 0 4 p.c., 1943-48 92 5 0* 92 0 0 32 p.c., 1948-53 .. 84 10 0 84 10 0 31 p.c., 1956-61 .. 74 0 0 74 2 G 3 p.c., 1955-58 70 10 0» 70 10 0 New* South Wales — 82 82 31 p.c., 1930-50 .. 0 0 0 0 80 .3 p.c.. 1929-49 80 0 0 0 0 43 P.C.. 1940-60 .. 95 0 0 95 0 0 5 p.c., 1945-75 95 0 0 95 0 0 Queensland — 3 p.c., 1922-47 84 0 0 84 0 0 5 p.c., 1940-60 94 10 0 94 10 0 South’ Australia— 10 95 5 P.C., 1945-75 95 0 0 3 p.c., 1916 (opt.) 64 0 0 65 0 0 Western Australia— 0 85 4 p.c., 1942-62 85 0 0 0 Tasmania —■ 99 31 p.c., 1920-40 .. ' 99 0 0 0 0 4 p.c., 1940-50 90 0 0 90 5 0 New. Zealand— 85 0 41 p.c.. 1948-58 85 0 0 0 3i p.c., 1940 100 0 0 100 0 0 3 p.c.. 1945 81 10 0 81 10 0 •Ex Interest.