RESERVE BANK

Press, Volume LXXVIII, Issue 23809, 1 December 1942, Page 6

RESERVE BANK

STATEMENT OF ASSETS AND LIABILITIES (P.A.) WELLINGTON, November 30. Following is a statement of assets and liabilities of the Reserve Bank at November 23, with the returns for the previous statement in parenthesis:— Liabilities,—General reserve fund, £1,500,000 (£1,500,000); bank notes, £28,213,028 (£27,983,344); demand liabilities: State, £9.237,725 (£7,692,607): banks. £19,277,899 (£21,279,123); other, £1,007,250 (£2,821,932); liabilities in currencies other than New Zealand currency, £30,509 (£36,818); other liabilities, £1,402,823 (£1,396,380). Total, £ (N.Z.)60,669,841 (£62,710,263). Assets. —Reserve: gold, £2,801.878 (£2,201,878); sterling exchange, in New Zealand currency, £25,273,032 (£26,108,347); subsidiary coin, £49,176 (£50,367); advances to the Marketing Department. £1,610,000 (£2,402,449); advances for other purposes, £24.300,000 (£24,300,000); investments. £4.481,795 (£4,461,795); other assets. £2.173.962 (£2.585.428). Total, £(N.Z.)60,669,841 (£62,710,263). Proportion of reserve to notes and other demand liabilities, 48.573 per cent. (48 302 per cent.). MINING BLACKWATER DIVIDEND (P.A.) WELLINGTON. Nov. 30. The following dividends have been declared:— Blackwater Mines: 9d a share, interim, for 1942; Consolidated Goldfields, 4Jd on account 1942, both tax free, payable December 10 in equivalent to British currency. The register is closed from December 1 to December 8, both dates inclusive. Returns Slab Hut.—For the week ending November 28 the return was 460z from 12,000 yards in 112 hours. Associated Gold Dredges (N.Z.), Ltd For the week ended November 28 the

company's dredges recovered 1960z from 71,000 yards. Gillespie’s Beach.—The return was 22 ounces Bdwt in 130 hours from 15,370 yards.—(P.A.) Alexander Mines, Ltd.—Gold returns for November—Battery department: 120 tons of ore crushed for 730z 14dwt of melted gold, valued at £570 (with gold at £8 a fine ounce). Cyanide department: This has not been cleaned up this month. Concentrates; A total of 21 tons of concentrates were saved, valued at £6O. COMPANY NEWS Blackwater Mines, Ltd.—The directors of Blackwater Mines, Ltd., have declared an interim dividend for 1942 of 9d, tax free, and payable on December 10 in the equivalent British currency.—(P.A.) Consolidated Goldfields, Ltd.—The directors of Consolidated Goldfields, Ltd., have declared a dividend fo 41d, on account, for 1942, tax free, and payable on December 10 in the equivalent - British currency.—(P.A.)